A closer look at the conflict between Icon Aircraft and its Chinese investors.
Credit: Icon Aircraft
For flying enthusiasts, the Icon A5 plane looks like a dream toy. The two-person aircraft, which costs around $300,000, can land on water while its folding wings make it easy to pack up into a trailer.
But the A5’s maker, Icon Aviation Inc., is currently at the center of a bitter dispute between some of its minority shareholders and its biggest investor, China’s state-owned Shanghai Pudong Science and Technology Investment Co. (PDSTI). The minority shareholders alleged in a Delaware
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