Groen Brothers Grants Six Month Funding Window To Chinese Investment Group | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Fri, Apr 22, 2005

Groen Brothers Grants Six Month Funding Window To Chinese Investment Group

Groen Brothers Aviation, Inc. has announced that in exchange for a minimum equity investment of $1 million, GBA has granted a Chinese investment group a six-month period in which to bring to the Company a funding/partnering package sufficient to fund the completion of the Hawk 4 Gyroplane program up through FAA Certification and production. In addition, during this same period, the Agreement grants this investment group the right to bring a funding/partnering package for the development of larger commercial GBA GyroLiner gyrodynes of Groen Brothers Aviation’s design.

As a result of this agreement, Jay Groen, Chairman of GBA, and Robin Wilson, Executive VP & Head of Business Development, traveled to China in March to meet with government officials and aerospace executives. These high level meetings were arranged by this investment group, executives of which accompanied GBA during the twelve-day visit. In these meetings, GBA made presentations covering the application of GBA’s gyroplane and gyrodyne technologies to China’s commercial needs. The presentations were well received and resulted in GBA being invited back to China to discuss specific proposals for joint ventures or cooperation.

"There can be a very large market for our products in China, from the SparrowHawk size gyroplanes, to the Hawk 4 Gyroplane and its variants, to the varying sizes of tip-jet powered gyrodynes in commuter airline and transport category aircraft," said David Groen, President & CEO. "With China’s burgeoning economy requiring rapid development of its transportation infrastructure, these types of safe, economical, high performance Ultra-Short and Vertical Takeoff and Landing (USTOL & VTOL) aircraft can be very important in helping to solve their transportation needs. We are pleased at this progress."

Groen Brothers Aviation, Inc. has developed what is reportedly the first commercially viable modern gyroplane, the "Hawk 4." The gyroplane is a hybrid aircraft with the low operating cost of an airplane and the off-runway operating capability of a helicopter. Through its wholly-owned subsidiary, Groen Brothers Aviation USA, Inc., the Company has also developed and is currently selling a smaller kit gyroplane, the "SparrowHawk," to meet the growing demands of the home-built gyroplane kit market, and to provide a safe, economical airborne patrol vehicle for law enforcement and other government applications. The Company continues to develop a nationwide dealership network for the sale of these products.

FMI: www.gbagyros.com

Advertisement

More News

NTSB Final Report: Aviat A1

Airplane Bounced About 3 Ft Then Touched Back Down And Then, With No Brakes Applied, The Airplane Began Veering To The Left Analysis: The pilot entered the airport traffic pattern >[...]

ANN's Daily Aero-Linx (07.08.25)

Aero Linx: British Microlight Aircraft Association (BMAA) The primary focus within all aviation activity is SAFETY. In all aspects of our sport SAFETY must come first, whether it b>[...]

Classic Aero-TV: Fly Corvair’s Reliable Engine Alternative

From SnF25 (YouTube Edition): William Wynne Builds Practical Aircraft Engines on the Corvair Platform Seeking an affordable alternative to the traditional aircraft engine options, >[...]

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

Classic Aero-TV: CiES Fuel-Quantity and e-Throttle Systems Praised

From 2023 (YouTube Edition): Bridge of CiES CiES Inc. is a Bend, Oregon-based designer and manufacturer of modular embedded aircraft systems and sensors. The company’s fuel-l>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC