Icon Files for Chapter 11 Bankruptcy Protection: Pledges Transparency - AVweb
Icon files for bankruptcy protection, seeks new ownership.
www.avweb.com
Gee, who woulda thunk?
In fairness to them, stupid rules and fiefdoms always get in the way. When it's not fac-built GAMA syndicate of bad faith actors low-key sabotaging the market until it's nothing but kerosene burners, it's the self-importants over on homebrew land with that 51% purity testing potato. So these startups have nobody else to cater to but the odious bunch that considers price exclusion the feature, not the bug.They all want to be makers of hand-built Rolls-Royces.
There's almost no attempt to introduce a new Model T Ford of aviation to market.
There's almost no attempt to introduce a new Model T Ford of aviation to market.
That’s because Vashon put the wrong engine on it. *cough needs-a-rotax cough*There isn’t? See Vashon Ranger thread - it ain’t doing so great either.
There isn’t? See Vashon Ranger thread - it ain’t doing so great either.
I don't disagree rotax is a better engine, but I don't see the O-200-D selection itself being an inflection point. For me the fact it only has 100hp is the inflection point, but I stipulate they were working under the garbage LSA limits in the first place.That’s because Vashon put the wrong engine on it. *cough rotax cough*
That is a sharp assessment and wonderful turn of phrase to describe the phenomenon....the odious bunch that considers price exclusion the feature, not the bug.
Sadly, it did make a couple of splashes, one of which was fatal (though not the fault of the aircraft).Never made a splash
More than oneSadly, it did make a couple of splashes, one of which was fatal (though not the fault of the aircraft).
None of these will still fly 20 years after they roll off the line.Why would you call them "odious"?
Without the high-rollers who buy the new, expensive aircraft to being with, they would not exist for everyone else to buy 20 years later.
Why under the table? As the RV-12 is an ELSA, there is no requirement for it to be amateur built. No "51% rule". Buy the kit and pay someone to assemble it. There has been at least one place (other than the Van's contractor) building RV-12s for sale; I've flown one.I mean, put 160hp and make it acro for 150k, give me the inspect authority (LSRM or LSRI if paper convertible to ELSA), and I'll put my money where my mouth is and put an order in right now. The RV-12iS was optioned over 200K, garbage bang/buck. Otherwise, looks like me and 12 of my filipino friends working under the table after they're done uneffing Van's LCP parts in Oregon, is the only prescription to get from here to there as a non-builder in this blasted hobby.
Why under the table? As the RV-12 is an ELSA, there is no requirement for it to be amateur built. No "51% rule". Buy the kit and pay someone to assemble it. There has been at least one place (other than the Van's contractor) building RV-12s for sale; I've flown one.
You can build 100 airframes (or kits) a year in a one-by-one fashion, with no optimization, or have a great build plan in place that maximizes the use of your machinery and churns out two a week at half the cost.Where do you expect the scale to come from?
The highest sales volume GA plane in the US is the Cirrus SR22/22T, and it sold 439 last year. Porsche sold 11,000 911s, and that's generally seen as a mid-volume build-to-order enthusiast's car.
You'd need about 100 times as many people buying planes to get to economies of scale that would really move the needle.
That's why I said "almost". I consider Zenith and Sonex to be more successful in the E-AB or E-LSA market.There isn’t? See Vashon Ranger thread - it ain’t doing so great either.
That's the big thing. If a manufacturer/kit maker wants to succeed, they need to get the fly-away cost for a basic VFR airframe comfortably under 100k. And if they're a kit maker, optimize their kit for rapid building. Time is a lot more valuable these days, you can't realistically expect a sustainable number of people to invest five years bucking rivets and such. And better/cheaper engine options need to be available.The RV-12iS was optioned over 200K, garbage bang/buck.
$100k is unrealistic. Is $200k the new $100k?You can build 100 airframes (or kits) a year in a one-by-one fashion, with no optimization, or have a great build plan in place that maximizes the use of your machinery and churns out two a week at half the cost.
I have personally seen the effects of poor planning in an operation dealing with a couple hundred airframes a year and the benefits that could be realized if smart people were allowed to thoroughly optimize the production process.
That's why I said "almost". I consider Zenith and Sonex to be more successful in the E-AB or E-LSA market.
That's the big thing. If a manufacturer/kit maker wants to succeed, they need to get the fly-away cost for a basic VFR airframe comfortably under 100k. And if they're a kit maker, optimize their kit for rapid building. Time is a lot more valuable these days, you can't realistically expect a sustainable number of people to invest five years bucking rivets and such. And better/cheaper engine options need to be available.
In 1960 a Cessna 150 would sell for $7000 (basic model) to 8500 (top of the line). That's $74k/90k in 2024 money.$100k is unrealistic. Is $200k the new $100k?
Then we circle back into used aircraft and the new entries to market fail.
Correct me if I'm wrong, but no general aircraft manufacturers use DFSS anywhere along the way.In 1960 a Cessna 150 would sell for $7000 (basic model) to 8500 (top of the line). That's $74k/90k in 2024 money.
A 1970 150K Commuter would sell for $11500 ($92k in 2024).
Today, I don't need a hall full of forming presses and dies to manufacture airframe parts. I have a 2'x4' CNC in my basement that I built from off the shelf parts for the cost of a couple cylinder overhauls. Process optimization to minimize expensive labor should be used to drive manufacturing costs down. 3D printers can be used to create molds for complex parts to be made out of fiberglass or carbon fiber. And so on.
I stand by my initial statement, the goal has to be 100k or less for a basic VFR model. More for advanced features and creature comforts. But that would require some compromises and out of the box thinking. The market might not like the looks of the finished product, even if it has a good performance/price ratio. That's where a good trade study and market survey helps, if done properly and with a large enough sample size.
And that needs to change. Work smarter, not harder. It might sound like a corporate cliché, but there needs to be a lot of thinking outside of the box to make this viable.Correct me if I'm wrong, but no general aircraft manufacturers use DFSS anywhere along the way.
They're boutique builders that eventually reach a production volume under which their organization collapses.
Why does it have to be a $22k Rotax? I think they need some good competition at a lower cost. Something like this (https://aeromomentum.com/am15-117hp-to-147hp/) for half the price. And most engine makers will give you a discount if you're an airframe or kit builder, especially if you have production numbers higher than one a month.I can't reconcile a $100k plane with a $22k 912 Rotax.
That leaves $78k to build and make a profit. To make 20%, you'd have to finish the rest of the plane for $58k, parts and labor.
When the Vashon Ranger came out it was sub 100k. Now it's 160k.$100k is unrealistic. Is $200k the new $100k?
Then we circle back into used aircraft and the new entries to market fail.
A jet ski for the price of a yacht.
I atill haven’t been able to figure what the point is of having all that glass, complexity and redundancy for a VFR-only, slow plane.I take it you haven’t priced yachts recently.
The LSA reality is that folks clamored for really basic, cheap LSA’S. I think that was the original vision for Light Sport. But when it’s time to buy, the same folks tend to opt for multiple glass screens and autopilots and virtually every bell and whistle imaginable. Which ain’t cheap.
Good Lord! How many airplanes do you have to sell to break even on a 170 million dollar debt?!ChiComs might buy them for what they are owed:
Icon Aircraft files for bankruptcy, seeks buyer
After delivering more than 200 amphibious light sport A5 aircraft since the summer of 2016, Icon Aircraft petitioned for Chapter 11 bankruptcy protection on April 4.www.aopa.org
Back when LSA was still a new thing, it seemed it was mostly the (almost) retired airline pilots who wanted the cockpit of their LSA to resemble the 757 they were flying. I was involved with an LSA maker at the time and a good chunk of them were asking for Dynon 100-series screens in them (bleeding edge tech at the time).I atill haven’t been able to figure what the point is of having all that glass, complexity and redundancy for a VFR-only, slow plane.
You can buy a SeaRay Sundancer 320 for under $380K brand new. Yacht certified. Lots of boats 26' and above are "yacht certified".I take it you haven’t priced yachts recently.
The LSA reality is that folks clamored for really basic, cheap LSA’S. I think that was the original vision for Light Sport. But when it’s time to buy, the same folks tend to opt for multiple glass screens and autopilots and virtually every bell and whistle imaginable. Which ain’t cheap.
The don't show prices on their website any more, but last I knew, a new M-Squared Breese (a two seat SLSA version of the classic Quicksilver ultralight) was priced around $45K. A used 2 seat Quicksilver (EAB or ELSA) is around a quarter of that.The LSA reality is that folks clamored for really basic, cheap LSA’S. I think that was the original vision for Light Sport. But when it’s time to buy, the same folks tend to opt for multiple glass screens and autopilots and virtually every bell and whistle imaginable. Which ain’t cheap.
I take it you haven’t priced yachts recently.
The problem is that they made too many.Never made a splash
I’ll yield to your obvious yacht expertise.You can buy a SeaRay Sundancer 320 for under $380K brand new. Yacht certified. Lots of boats 26' and above are "yacht certified".