Start-up Seeks Partner

 - July 28, 2009, 7:04 AM

GP Aerospace’s GP210 program manager Stéphane Brand was at the Paris Air Show in June looking for small French companies to become partners or suppliers on the GP210 program. “From there, we will try to attract French investment funds,” he explained. The program calls for an estimated $10 million to get the prototype flying. Thus far the company has secured $2 million, said Brand.

Brand explained GP’s business model. “We do not want to make money with small profit margins on high production volumes,” he said. Rather, the company has plans for
a fair margin on each aircraft, with a target of 50 aircraft per year.