Ultra-light aircraft manufacturer, 10 years experience, establishing assembly plant in Somerset East, needs investment for commercial production; four-seater aircraft are used for recreational purposes.
Country: South Africa
Industry: Aircraft manufacturing, aviation
Products & Services: Fully-assembled 4-seater light aircraft
Details of Opportunity:
Ultra-light aircraft manufacturer is relocating its assembly plant from Johannesburg to Somerset East. The company, with operations since 2002, imports 55% of the components and assemblies the aircraft in South Africa for the Southern African market. The small aircraft are mostly used for short-distance recreational purposes and can carry a total of four people. The company is expanding and plans to construct larger eight-seater aircraft in future. US $1,5 million is required for an investment partnership to expand commercial production.
Estimated Cost: US $1,5 million
