Angel Investor Buys Forlorn LSA Manufacturer
ION Aircraft, LLC, has found a buyer in Geode Capital Management, of La Jolla, California. Details are sparse at this time, but Geode’s website indicates further investment in “Ion Aircraft and eVTOL” as well as aircraft manufacturing. Ion is the designer of the 120, a twin boom LSA, sporting a pusher layout, tandem seating and a glass panel. Throughout the development process, Ion pared down their intended offerings to the 100, the kit aircraft, and the 120, the factory-built aircraft meeting light sport requirements. The company’s small size made the transition from research, development, and design to production too hard to make without outside help.