Aircraft
Otto Secures $500 Million for Bizjet Production Plant
Plans calls for the light jet to fly in 2027
Otto Aviation's Phantom 3500 business jet
Cabin monitors will replace windows in Otto Aviation's Phantom 3500 business jet.

Business jet developer Otto Aviation received a nearly $500 million incentive package from the state of Florida to establish a manufacturing facility and headquarters in Jacksonville as it moves forward on its ambitions to bring its Phantom 3500 business jet to market. Florida Gov. Ron DeSantis announced the plans on Monday while opening the Florida pavilion at the Paris Air Show.

Based at Jacksonville's Cecil Airport, the plant will occupy nearly a 100-acre parcel and serve as the primary site for final assembly of the Phantom twinjet. Otto is relocating from Fort Worth, Texas, to Jacksonville and will begin operations in Hangar 825, which was built by the U.S. Navy for aircraft fleet operations, as it develops the 850,000-sq-ft manufacturing plant. 

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