Are you locked into your price or do they raise it on you as it goes? I'm trying to figure out why you're glad the price is increasing. If you're not a rich guy I'm puzzled how you can justify this, there is no way to describe it other than an extremely expensive toy. A real cool one though!

The SeaRey really is a POS. I owned one for a year and absolutely loved what I could do with the plane, but hated the plane!

Todd- your same school of thought could be applied to a $125k loaded V35B. Why not buy a $25k F35 that 'does everything' the V35 can do and have enough money left over to buy a sports car or a decathlon, or ....

Some people would rather have the nicer airplane, and the difference between $25k and $125 might not even be a consideration for them. I can tell you I did not give any thought to the delta between my $50k SeaRey and the Icon when I ordered mine. In fact, I believed the plane was very attractively priced back then.

I would have to pull the contract, but my pricing is locked in at around $180,000. If Icon can't deliver the plane for that (which a certain list of equipment and guaranteed minimum specifications), then I get my deposit back. I'm really hoping they come through, I believe it will be tough to match the fun per $ that this plane is going to offer!

Is the deposit in escrow or directly to Icon?




I would have to pull the contract, but my pricing is locked in at around $180,000. If Icon can't deliver the plane for that (which a certain list of equipment and guaranteed minimum specifications), then I get my deposit back. I'm really hoping they come through, I believe it will be tough to match the fun per $ that this plane is going to offer!

Ah yes GA horse s**t strikes again. Whether it is the cheap LSA or the inexpensive small jet engine that will be in every airplane, 100ll replacement ect., GA is long on promises and short on delivery. After reading the above, I smell the stench of fraud. If they had a real product they would not hide it. Assuming they ever deliver the Icon it will be probably twice the promised cost and it will not have half the features it claims.

I hope those of you who dropped deposits get it back.

I enjoyed Burt Rutan's forum on his Skigull. He didn't think much of Icon and made it pretty clear. He even said he offer to show them his design. He definitely marches to a different drummer.

I would have to pull the contract, but my pricing is locked in at around $180,000. If Icon can't deliver the plane for that (which a certain list of equipment and guaranteed minimum specifications), then I get my deposit back. I'm really hoping they come through, I believe it will be tough to match the fun per $ that this plane is going to offer!

I've owned 3 Ferraris and never had that happen to me.

I have signed probably 1,000 contracts and purchase agreements since I ordered my Icon. I can't remember every small detail of each. But I recall it being a good deal when I locked it in and my lawyer being satisfied with the agreement. The deposit is held in escrow by a bank, not paid directly to Icon. In fact, as I recall I can cancel my order at anytime for any reason with a very small ($500?) penalty. Would that be too much risk for you?

I'm surprised at all the negativity on this thread. I ordered an Icon more because of the company rather than the airplane. I loved seeing the energy and excitement around general aviation. I wish them lots of success, and I hope purchasing an airplane has helped that! It will be fun to be a part of.

Icon Aircraft was founded in 2006, 9 years ago.

What are they doing?

This feels like a classic "we can build a cool concept airplane" but not "we know how to run an aircraft manufacturing business". This usually does not end well.

Investments total around $100M so far, with 1400 orders, that's $70K per order just for investors to break even.

Claimed to have 75+ employees, ~$12M/year burn rate, which can be sustained for a bit.

What will kill them is production start up when they add a lot more people and now have to buy parts. That's huge negative cash flow for probably 2+ years at least, especially since first deliveries are at lower prices, probably losses on each one. The faster they make them, the more money they lose.

Mike C.

Mike,

The bodies of these airplanes could be stamped out of ABS plastic pretty easily. The rotax engines I suspect aren't extremely expensive.

All notable points. None positive for sure.

In all seriousness though, I believe you may need a Labrador to cheer you up and get you onto the positive side of the fence.......

If they fail so be it. Let's try be appreciative of any triers/doers that are trying to give GA a boost.

Or you could pay $489,000 for this Husky (price at OSH, per the salesman)

I understand "new" has a price, but come on, this is an overdone Super Cub at nearly a HALF-million dollars. It looks like they are pricing them to match their production rates. It's no longer a reasonable tool to buy, just a rich man's toy.

I've always been of the opinion that Icon has been more hype than substance, but I hope they prove me wrong. They had a pretty lavish party going on (with two A5's) docked at TJ's Harbor Restaurant on Thursday night. Even had cool little red 3-blade propellers adorning the windows of the venue. They certainly know how to burn through money.

"Are you locked into your price or do they raise it on you as it goes? I'm trying to figure out why you're glad the price is increasing. If you're not a rich guy I'm puzzled how you can justify this, there is no way to describe it other than an extremely expensive toy. A real cool one though!"

I'd have to look at the contract again Adam but I believe it has an escalation clause tied to the COL. So maybe 2%/ year. I believe when the unit is actually ready it may cost another 10%. The part that hurts me right now is the US/Canadian dollar spread.

As far as justifying it, I worked very hard for my money, took lots of risks and have earned it. The people I've been responsible for have been looked after and if I want to have fun this is what I want to do. Adam if it finally becomes available I'll come over and take you for a ride!

I would suspect COL or inflation index adjustments, but I think what he's getting at is this:

If the "street price/price for the next guy in line who just showed up" is higher than his, he just bought something that went up in value instead of down.

I found his talk very interesting. He even joked that he would give them his water testing rig as he is finished with it. He certainly hinted that the Icon hull is suboptimal.