Chichester-Miles Consultants of Hertfordshire, England, “is financially in balance,” said founder and chairman Ian Chichester-Miles. He also said he has “made some advance in obtaining financing” to develop the Williams FJ33-powered Leopard Six, but is bound by a confidentiality agreement about this financing until, possibly, the end of this year.
For 100 years now, taxiways have borne metaphorical (and sometimes material) testimony to the “wannabe–really, really wannabe” aspirations of prospective aircraft manufacturers whose engineering sense was more acute than their marketing acumen. Accordingly, many viable designs have not been translated into money-earning projects, if only because financial backers’ arms were shorter than the depth of their pockets.
CMC is “still soldiering on,” in the words of founder and CEO Ian Chichester-Miles, but his long search for funding has yet to bear fruit. “My impression is that there is a lot of money available,” Chichester-Miles told AIN. “In our negotiations with financiers, we have not found that people are unwilling to make long-term loans, but the ‘terms of engagement’ offered are quite difficult.