30 years: airframe overhaul at the ten and twenty year marks then toss it at thirty. Unless you fly lots, then it's an overhaul at 2,000 and 4,000 hours and toss it at 6,000 hours. If you had a busy school flying them you could be scrapping an Icon every six years!10 year life limit!
I stopped reading after that.
Oop, you are correct.30 years: airframe overhaul at the ten and twenty year marks then toss it at thirty. Unless you fly lots, then it's an overhaul at 2,000 and 4,000 hours and toss it at 6,000 hours. If you had a busy school flying them you could be scrapping an Icon every six years!
The top people will live quite well, I suspect, off of the return on their investments made from their salaries, bonuses, and perks.It's simple math.
100 million of investments. Just to cover the interest you need 6 million a year. Even with good profit margins and without interest accrued so far, it's beyond me how they intend to earn that back...
Not. On. Your. Life. Ever.Buyer understands and agrees that, in the interest of safety of Buyer and others in the ICON pilot and owner community, the Aircraft will be equipped with a flight data recorder and that data regarding operation of the Aircraft, which may include flight and cockpit video data, will be collected by, and may be transmitted directly to, ICON or its designees. Notwithstanding anything to the contrary herein, the flight data recorder and the data collected thereon is and remains after Closing the sole property of ICON. ICON hereby grants to Buyer, effective upon Closing, the limited, revocable, non-transferable, non-exclusive right to use the flight data recorder in the Aircraft and data thereon for its own non-commercial purposes related to its operation of the Aircraft. Buyer agrees not to remove or disable the flight data recorder and to keep it in good working order throughout Buyer's ownership of the Aircraft. ICON reserves the right to replace or upgrade the flight data recorder at any time.
I think they'd be in a lot better shape if it was something you might call a "seaplane." But right from the get-go their concept has always been far more closely aligned with jet skis and similar watersports. It is unabashedly a toy; something of relatively little utility, intended to be played with rather than used. What it delivers is far more experiential than utilitarian....they simply got so lost in making "the best little seaplane ever" that they lost track of how much it all was costing...
The other thing is that these are 'preliminary' limits until more time is accrued and experience gained.Guy on another forum had a friend who'd had a reservation for an Icon, relatively early in the production schedule. When they dropped the purchase contract on him, he told them he was no longer interested. They gave him his deposit back, plus what the person described as, a "nice chunk of change that could overhaul most of our engines." Sounds like, with production deliveries (supposedly) going to start happening, Icon is trying to get back early production spots so they can sell them for more money to the over-eager.
The service life limits seem to be increasingly common. Cirrus aircraft have an airframe life of 12,000 hours, Columbia (Cessna) 400 is 25,200 hours...in both cases it's stated right in the Type Certification Data Sheet (TCDS). Diamond doesn't mention life limits in its TCDS, but Cirrus claims that the wings must be removed for inspection every 1,000 hours, with a more-in-depth structural inspection at 3,000 hours.
The Icon's life appear to be shorter, but we ARE talking about an amphibian. Operating on water is rough on an airplane.
And the $5000 fine you have to pay if you can't get a subsequent buyer to agree to every single one of ICON's restrictions. IANAL, but I don't see how that's enforceable at all - they can't coerce you into being their agent by means of a simple sales contract - but just the huevos they have to try and pull that off turns my stomach.The other thing is that these are 'preliminary' limits until more time is accrued and experience gained.
This 'limited life' thing, to me, is a non-starter as a complaint. I'm much more worried about other aspects of the contract such as the 'extra fee to sue' as opposed to a price break to agree to arbitration instead, which would make much more sense..
There's few startup plane manufacturers save that guy in the garage that actually can.I lost all curiosity about the airplane and the company when, year after year at Oshkosh, they refused to allow perspective customers get a close look at the airplane and had lots of people to answer questions, but no one to answer even the most simple technical question.