Icon A5 Prices Rise

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Icon Aircraft told deposit holders yesterday that prices for the closely watched light sport would be going up about 30% for a base model and more than 50% for a fully loaded aircraft. A new 2018 Icon A5 with all the bells and whistles is going to set buyers back $389,000. While Icon has published a 2018 base price of $269,000, the company warns deposit holders that “only fully loaded A5 models will be delivered in 2018,” so those hoping for a basic model will have to wait until at least 2019. Tesla Motors has used a similar manufacturing strategy when rolling out its new cars. In 2008, Icon told buyers they expected to sell the two-seater for $139,000 with inflation at the CPI rate.

While some would-be buyers may wish to skip certain add-ons, many of the “options” will be hard to pass up. The base aircraft will lack folding wings for trailering and storage, retractable gear, a VHF radio, a transponder, removable windows and copilot side flight controls. The absence of “retractable landing gear” renders the A5 a seaplane (not a fixed-gear landplane). Lights for night operation, a fuel-injected version of the Rotax 912 and the electronic attitude indicator are also among the options for 2019 models. Icon tells Avweb they haven't decided which options will be bundled together, so buyers can choose the full-loaded A5 or wait to see whether there is a cheaper package that meets their needs.

Comments (14)

"going up...more than 50% for a fully loaded aircraft...only fully loaded A5 models will be delivered in 2018"

So,
Put your money down, wait years for the plane, and THEN be asked to pay more than 50% more than promised? That means depositors are guaranteed to lose money (either by a return of their deposit or going ahead with the purchase). Either way, Icon sticks it to the investor. I thought that there were SarbOx laws against such predatory business practices concerning investors?

Posted by: Mark Fraser | October 31, 2017 6:21 PM    Report this comment

Bye!

Posted by: Rafael Sierra | October 31, 2017 7:53 PM    Report this comment

Only a moron or someone with more money than brains would buy one of those things now !!

The FlyCatcher did the same thing and look where they are now ... in shreds in a dumpster in Kansas.

I don't see any way for Icon to survive.

Posted by: Larry Stencel | November 1, 2017 1:00 AM    Report this comment

Kind of makes a Searey look like the deal of the decade!

Posted by: John Nevils | November 1, 2017 8:32 AM    Report this comment

I WANT to root for Icon's success, but they do make it really difficult to do so.

Posted by: John Nevils | November 1, 2017 8:37 AM    Report this comment

Asking anyone, at all, to pay nearly new 172 prices for an LSA is just ridiculous....and sadly there will be some suckers out there who will actually think this heavily promoted scam will actually be worth it. As PT Barnum said: There's a sucker born every minute, and the entire Icon buyer list is among that crowd for sure....

Posted by: Michael Livote | November 1, 2017 9:25 AM    Report this comment

This is why, way back when the A5 first appeared at Oshkosh I gave it my "RIO" award. for those of you who don't know, the RIO award is given each year to the most wild and outrageous aviation scam - "designed" only to separate investors from their money - to appear at Oshkosh.

Posted by: Michael Dean | November 1, 2017 10:32 AM    Report this comment

389 grand, for a JetSki with wings? Seriously? You couldn't make up stuff like this.

Posted by: Tom Yarsley | November 1, 2017 10:54 AM    Report this comment

Looks like all my thoughts on the subject have already been expressed by other commentators....

Posted by: TIM HOWARD | November 1, 2017 11:40 AM    Report this comment

Someone is "fully loaded." For that much money - why fish from a 2-place boat with wings? It is cheaper to eat lobster every day for the rest of my life and still buy a reasonably priced plane!

Posted by: Don Lineback | November 1, 2017 12:12 PM    Report this comment

Does this include the trailer?

Posted by: Walter Epstein | November 1, 2017 4:38 PM    Report this comment

Good by A5! I paid less for a 2006 SR22 that cruises at 165kts, and can really travel.

Posted by: Sal Mermall | November 1, 2017 5:13 PM    Report this comment

From the aviation enthusiast point of view, Icon has certainly put up a financial velvet rope to separate the well funded from the early stakeholders who expected to buy an airplane for much less. But, from a sterile accounting view, with no aviation passion involved, this is a smart short term financial tactic to improve cash flow. There is certainly a percentage of buyers who have the cash, don't care what it costs, they want one, so Icon will get a quick infusion of cash flow. But, the problem with cash flow, it typically covers only immediate expenses, but doesn't cover long term debt payment or any future debt payment. And, the line of financially unlimited buyers may be a short one...

Posted by: Harry Fenton | November 2, 2017 1:09 PM    Report this comment

They are losing positive rate....

Posted by: Anthony Varga | November 3, 2017 8:40 PM    Report this comment

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