Düsseldorf-Eller

March 30, 2007 - 7:30am

Buying the assets of a bankrupt aviation company is one way to lower the cost of entry into the industry, but it’s still a risky business. Iowa real-estate developer Matt Eller paid $441,000 last October to acquire the intellectual property of VisionAire, and thus acquired the moribund single-turbine Vantage very light jet. Eller’s goal is to certify and build the Vantage, but in the meantime he’s still searching for funding.

 
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