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ICON Aircraft
ICON Aircraft, Inc. is a privately held aircraft manufacturing company headquartered in Vacaville, California, United States. It was founded in 2006 by two Stanford graduates, aviator Kirk Hawkins and product designer Steen Strand, to develop and certify the ICON A5 amphibious aircraft, amphibious light sport aircraft (LSA). The aircraft entered production in 2016. ICON is known for having brought significant excitement and publicity to the LSA industry since the A5's debut in 2008, although legal, financial and developmental issues, as well as a string of early accidents, have slowed company production and growth since 2016. The company filed for Chapter 11 bankruptcy in April of 2024. History ICON Aircraft was founded in response to the 2004 Federal Aviation Administration establishment of the light-sport aircraft (LSA) class of aircraft and Sport pilot, Sport Pilot certificate class of pilot. Kirk Hawkins and Steen Strand founded the company in 2006. Hawkins had previously ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
