VisionAire Seeks Vantage Jet Buyers, Investors

AINalerts » April 18, 2013
VisionAire is developing the all-composite Vantage Jet, which will be powered by a single Williams International FJ33-3AP turbofan and fly up to 1,500 nm with a pilot and five passengers.
April 18, 2013, 1:40 PM

Jim Rice, chairman and CEO of VisionAire Jets, surfaced at ABACE 2013 this week in Shanghai to market the benefits of a single-engine jet and tell potential investors about the program. VisionAire Jets is developing the all-composite Vantage Jet, which will be powered by a single Williams International FJ33-3AP turbofan and fly up to 1,500 nm with a pilot and five passengers.

VisionAire built and flew a prototype of the composite Vantage in 1996, at the time powered by a Pratt & Whitney Canada JT15D. The company had orders for 155 jets before it went bankrupt in 2007. Last year, Rice restarted the company as VisionAire Jets and repurchased the intellectual property, the prototype Vantage and other assets.

During the original program, Rice estimated a need for $100 million to $150 million. He is hoping that Chinese investors will be interested in helping bring the Vantage to market. He said it will take four years to complete the Vantage design, build and fly prototypes and get it into production. “I’m convinced there is a market,” he said. “People would rather get in a jet than a turboprop.”

Share this...

Comments

No Avatar
Tim Dawson-Townsend
on April 22, 2013 - 3:05pm

How do you make a small fortune in aerospace?
Start with a large fortune!

No Avatar
Mike
on April 22, 2013 - 8:15pm

My sentiment exactly, why....

No Avatar
Don
on April 22, 2013 - 9:20pm

Because it's purrrrti!

No Avatar
larry clement
on April 23, 2013 - 12:55am

I agree that there is a market if the plane is priced right. Jim Rice is an honorable guy, but building a new plane is tough. I saw the prototype fly several times , and it was impressive. It has a large cabin for a single-engine jet, and with the other proposed singles being much smaller or enduring financial problems the visionaire should stand apart if they can get it funded. It looks like they have assembled a good staff.

No Avatar
Ken
on April 24, 2013 - 3:39pm

Its the rising cost of government that makes EVERYTHING cost so much...They don't call it a tornado until they inspect the damage and call it one..

No Avatar
TL
on April 28, 2013 - 4:12pm

Guess how much that will help US manufacturing.

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X