Farnborough Claims ‘Adequate’ Funds

 - September 29, 2006, 10:17 AM

Farnborough Aircraft commercial director Richard Blain told AIN last month that his British company now has “adequate funding for current activities” related to the development of its seven-seat F1 all-composite turboprop single. Work on the PT6-powered airplane has been stalled for several years due to funding issues, not an uncommon problem for start-ups. Farnborough expects to fly a prototype early next year and obtain certification of the $2.2 million turboprop by late 2007 or early 2008.