Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Be a pilot in 20 hours

Coming in 2010: A sleek plane for sport pilots.

EMAIL  |   PRINT  |   SHARE  |   RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

Drive this airplane Drive this airplane Drive this airplane
Icon Aircraft is readying a light-sport aircraft owners can fly with only a driver's license and 20 hours of flight training. Take a peek at the A5, coming in 2010.
PRICE: Starts at $139,000
WINGSPAN: 34 feet
TOP SPEED: 120 mph
ALTITUDE: Up to 10,000 feet
RANGE: 300 miles on a 20-gallon tank

(Fortune Small Business) -- Spurred by the FAA's easing of licensing requirements for pilots of low-altitude "light sport" aircraft, former Air Force pilot Kirk Hawkins set about developing a premium light sport plane - the Ferrari of the skies.

Icon Aircraft's first model, the A5, was recently unveiled and opened for advance orders. Since licensing for the planes requires only a driver's license and 20 hours of instruction, Hawkins expects brisk demand and sales of at least 500 planes a year. At presstime he was taking order No. 218; deliveries begin in late 2010.

"Think of low-altitude flying as off-road airspace," says Hawkins, 41. "With the new regulations, the FAA acknowledged a market for consumers who don't want to fly at 30,000 feet at Mach 0.8."

So how fast can these things fly? Fortune Small Business got the skinny on the A5, and a look at its prototype.  To top of page

Rocket town USA: Entrepreneurs in this desert rocket town aim at the stars - and at the millions tied up in projects like Virgin Galactic.

Finally here: Your own personal jetpack

Go surf a kite: A seasoned kiteboard entrepreneur teaches newbies to surf flat water.

Save money, buy a plane
To write a note to the editor about this article, click here.

QMy dream is to launch my own business someday. Now that it's time to choose a major, I'm debating if I should major in entrepreneurial studies or major in engineering to acquire a set of skills first. Is majoring in entrepreneurship a good choice? More
Get Answer
- Spate, Orange, Calif.

More Galleries
Driving the ultimate in '50s Mercedes-Benz style The SC was the car that re-introduced Mercedes-Benz as a global luxury car icon. More
Driving the world's first car Driving a replica of the 1886 Benz Patent Motorwagen, the first internal combustion automobile. More
Your guide to Cyber Monday sales This year, more Cyber Monday sales than ever start well before Monday. Here's where to shop if you don't get your fill on Black Friday. More