Stratos Aircraft has received some external funding and in April and May will conduct wind-tunnel tests of a scale model of the four- to five-place single-engine Stratos 714 very light jet. The tests will take five to ten days using aone-eighth-scale model of the jet and are intended to verify computational fluid dynamics studies of the design.
The latest entry in the personal jet marketplace–Stratos Aircraft of Bend, Ore.–made its first appearance at the NBAA Convention last month with a full-scale cabin mockup. Stratos announced just before the show that Verson Pandian, owner of Bend-based Cascade Air Charter, placed the first deposit for a Stratos 714 under the company’s new Assurance deposit program. This program allows for full refunding of deposits, which are held in escrow.
The new CEO of Stratos Aircraft (Booth No. 3905) on Monday made the case for his company’s proposed single-engine, carbon-composite very light jet and its supporting business model, even as he declined to provide details about the company’s current employment or release a timetable for the Stratos 714 project.
Bend, Ore.-based Stratos Aircraft yesterday received the first deposit for its new single-engine Stratos 714 very light jet. Cascade Air Charter, also based in Bend, became the first buyer to put down a fully refundable, escrowed deposit on the $2 million four-seat jet. “The 714 is an impressive aircraft and is like no other on the market today,” said Cascade Air Charter owner Verson Pandian.
Stratos Aircraft is also targeting the four-seat VLJ market, but its entry has one engine, a 3,030-pound-thrust Williams International FJ44-3AP, and more ambitious performance goals, including a 415-knot max cruise, 41,000-foot maximum altitude and 1,500-nm NBAA IFR range (100-nm alternate). Stratos is seeking to raise $12 million to build two flying prototypes and is taking $50,000 refundable and escrowed deposits.
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.
Bend, Ore.-based Stratos Aircraft on Tuesday began taking refundable escrowed $50,000 deposits for its single-engine Stratos 714 very light jet. Company chief technology officer Carsten Sundin told AIN that the first 25 aircraft will be sold for $2 million each, after which there will be a modest, but as-yet-undetermined, price increase.
Bend, Ore.-based Stratos Aircraft yesterday revealed its intention to build an all-composite single-engine very light jet, dubbed the Stratos 714, with 1,500 nm range at 400 knots. Aerospace engineer Carsten Sundin and entrepreneur Michael Lamaire founded Stratos to build a four-seat jet with greater speed, range and weather capabilities than are currently available in this market segment.