Icon Aircraft is cutting jobs and Icon A5 production because of reduced demand and the loss of funding from its Chinese investors—a byproduct of the U.S.-China trade turmoil, Icon’s top executive says.  Under the political environment, “it has become more challenging for Chinese investors to invest in U.S. companies,” said Thomas Wieners, Icon president and chief operating officer.  In addition, Icon has suffered from lower demand after increasing the ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Icon Aircraft Cuts Jobs Amid Lower Demand, Trade War".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.