Some of the 1,800 pilots and potential pilots who have put in their deposits to hold a position for an Icon A5 amphibious LSA may have had their dreams shattered this week as the company announced a dramatic price increase. The price went up by nearly 30 percent over the last quoted base price, from $207,000 in 2016 to $269,000 in 2018 dollars. When the airplane was first announced in 2008, the estimated price was $139,000.
Icon Inflates Purchase Price
Key Takeaways:
- Icon A5 announced a significant price increase, raising the base price to $269,000 and making fully loaded 2018 models available at $389,000, impacting 1,800 deposit holders.
- Deposit holders can either accept a fully loaded 2018 model, delay delivery for a base model in 2019, or receive a full refund, with an expectation of some cancellations opening up slots.
- To mitigate the price hike, Icon is offering new financing, leasing, and shared ownership programs, along with accessory credits and future IPO share opportunities, while also incorporating numerous improvements into the 2018 A5 model.
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