LISA Airplanes, which showed off its $350,000 amphibious Akoya LSA in July at AirVenture Oshkosh 2012, then faced financial difficulties by August, has now said it will accept a $20 million takeover bid from Chinese investors. The Bureau of Commerce in Leshan City, China, says investors from the Heima Mining Company offered $20 million for a 75-percent stake in the French light airplane manufacturer. The transaction would see the Mining company, which trades in phosphate rock, appoint its own representative as LISA's new chairman.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/akoya-lsa-amphib-finds-chinese-backing