ICON Aircraft announced Thursday that it has completed a final round of equity funding that will bring its amphibious A5 aircraft through demonstrated regulatory compliance and into full-scale production, but questions remain. The company did not make an announcement regarding its effort to seek an exemption from the FAA that would allow the A5 to operate at 250 pounds over the 1430-pound limit for amphibious LSA aircraft. ICON sent the request for exemption in mid-2012 and this year asked the FAA to deliver a response by May 31. As of Thursday, the FAA had not offered a reply and ICON lists the A5's maximum takeoff weight at 1430 pounds. ICON says the final round of investing, completed in May, has secured "over $60 million" and "the company's order list has continued to grow."
This is a companion discussion topic for the original entry at https://www.avweb.com/news/icon-announces-production-funding