Stratos Taking Deposits for Its VLJ

Aviation International News » August 2009
July 27, 2009, 7:28 AM

Bend, Ore.-based Stratos Aircraft last month began taking refundable $50,000 deposits, which will be placed in escrow, for its four-seat, single-engine Stratos 714 personal very light jet. The first 25 aircraft will be sold for $2 million each, after which there will be a modest, but as-yet-undetermined, price increase. First flight of the Model 714 is planned for the fourth quarter of 2010, with certification and first deliveries expected to follow two years later. Although the company said it is close to completing funding that will allow the prototype to be built and flown, funding for the program remains a concern. Crucially, Stratos also needs a “larger funding round” to take the program to certification.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.