Merritt Island, Fla.-based Comp Air last month announced that it received $150 million in funding from MercMed, a California-based investment company headed by former Mercury Air Group chairman Dr. Philip Fagan. CEO Ron Lueck said the company has started taking refundable $100,000 customer deposits on the $2.95 million, Honeywell TPE331-14GR-powered Comp Air 12 and has deposits in hand for about two dozen airplanes.
Merritt Island, Fla.-based Comp Air this week announced that it received $150 million in funding from MercMed, a California-based investment company headed by former Mercury Air Group chairman Dr. Philip J. Fagan. Comp Air believes this injection of funding is sufficient to develop, certify and start production of an all-composite, pressurized turboprop single called the Comp Air 12.
Bend, Ore.-based Epic Aircraft continues to pursue certification of its $1.2 million single-engine, owner-built kitplane, the Epic LT, re-badged in certified form as the $1.95 million Dynasty.
The CA-9 single-engine turboprop program is warming up, with a first flight accomplished in July and plans for FAA certification in 2013, although initial versions will be sold as kitbuilt experimental category aircraft. The high-wing fixed-gear CA-9 will seat six, offer a 250-knot cruise speed, fly up to 2,200 nm and be powered by a Honeywell TPE331-12.
Merritt Island, Fla.-based Comp Air is moving ahead with plans to certify the Comp Air 12 and will not offer a kit version of the hefty turboprop single, according to a Comp Air spokesman. “We received word just the other day that we are going to get our funding for the CA-12 project,” he said.
Dwarfed by other aircraft in the static display area, the LH-10 Ellipse is only 17 feet long and has a wingspan of just over 26 feet. But what it lacks in size it makes up for with performance. Powered by a single 100-hp Rotax 921 ULS, the Ellipse can cruise at 200 knots and cover France from coast to coast without refueling. It burns avgas 98 at the rate of 5.28 gph, which is a great deal less than a motor car.
Yesterday afternoon, Cirrus test pilot Kent Vandergrift flew Cirrus Design’s prototype Vision SJ50 single-engine jet to EAA AirVenture in Oshkosh, Wis., concluding his flight with a high-speed pass and a landing on Runway 27. After the jet was towed to a stage in AeroShell Square, Cirrus founders Alan and Dale Klapmeier congratulated the Cirrus team members who helped make the jet possible.
Merritt Island, Fla.-based Comp Air is preparing its CA-9 prototype for first flight, three months after unveiling the all-composite turboprop single at the Sun 'n' Fun Fly-In in Lakeland, Fla. It plans to fly the new aircraft to EAA AirVenture in Oshkosh, Wis., later this month. The $1.6 million CA-9–a six-place, high-wing airplane with fixed gear–is expected to cruise at 250 knots and have a range of 2,200 nm.
A Minneapolis company is making plans to produce and sell a new single-engine turbine utility aircraft designed and outfitted for transporting cargo and featuring a “roll-up containerization” concept that it expects to become a worldwide standard.
There may be some pilots who fly airplanes solely because it’s a soft ride to a bloated paycheck, and they may think EAA AirVenture in Oshkosh, Wis., is only about little airplanes that “aren’t serious.” But most pilots don’t.