Aircraft
Dornier’s Seastar taking off
When Dornier Seaplane (Static Display) debuted its amphibious Seastar at last year’s NBAA Convention, CEO Joe Walker outlined a number of goals, including

When Dornier Seaplane (Static Display) debuted its amphibious Seastar at last year’s NBAA Convention, CEO Joe Walker outlined a number of goals, including the need to select a production location, develop a production plan, upgrade the demonstrator airplane and garner at least 25 orders to launch the program. At a press conference here on Monday, Seastar v-p of sales and marketing Jim Holcombe said most of those goals have been met, so well in some cases that the next delivery slot for an all-composite Seastar is early 2013.

The company’s principal investors–the Dornier family– have added $150 million to the project and will remain the majority shareholders as it continues to build cash reserves from a number of minor investors over the next 12 months.

Loading…