On Aug. 2, Icon Aircraft announced it would cut hundreds of jobs and the production rate of its A5 model because of reduced demand and the loss of funding from its Chinese investors — the latter a byproduct of the U.S.-China trade turmoil, according to Thomas Wieners, Icon president and COO. In addition, Icon has suffered from lower demand after increasing the retail price of its two-seat amphibious light sport aircraft several times to its current $389,000 per unit. “After ...

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