Tue 15 Sep: AKOYA PROJECT RECEIVES FUNDING BOOST

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LISA Airplanes has completed a major corporate fund raising

effort aimed at finalising the certification and production of its

first ultra-light aircraft, the AKOYA.

The AKOYA was first shown at AERO Friedrichshafen in 2007

and has a ‘Multi-Access’ system which allows the aircraft to set down on snow,

land and water with equal ease. A swivelling wing system, also allows the plane

to be stowed onboard a yacht – the most exclusive ‘dinghy’ on the market. LISA

firmly believes there is a growing market for amphibious aircraft capable of

landing and taking off from a variety of surfaces.

Erick Herzberger, President of LISA Airplanes said,  “Viveris Management’s acquisition of a

stake in LISA Airplanes is a real growth opportunity for us. We are confident

of the relevance of our product on an international market that’s about to

undergo a revival. The support and confidence we’ve received from our

shareholders strengthens the launch of the AKOYA decisively.”

Philippe Reynaud, Investment Manager with Viveris Management

said he was really impressed by the uniqueness of the AKOYA and its potential

for marketing to a high-end segment that’s not really impacted by the current

economic situation. Viveris itself at the end of 2008 had €450 million in funds

under its management and a portfolio 130 companies.

Reynaud explained further the reasons why they have invested

in LISA Airplanes, “The Multi-Access concept gives this plane a real

competitive advantage, and symbolizes the revitalization of light aviation,” he

said.  “M