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Comp Air to secure funding for turboprop family

30 March 2010

Comp Air Aviation is hoping to secure funding in the second quarter that should pave the way for the start-up manufacturer to accelerate development of its Comp Air 12, 10-seat, single-engined turboprop - the first in a family of all-composite certificated aircraft planned by the US kitplane builder.

Merritt Island, Florida-based Comp Air had hoped to secure $150 million in capital in 2008, but the financial crisis forced the would-be investors to withdraw the funding.

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