Aviation Technology Group and Israel Aerospace Industries plan to begin assembly of the prototype of the Mk10 very light jet before the end of the year. Around USD 200 million of funding is being raised in the USA through Citigroup bank.
"The roadshow that began in June has created great interest among financial and strategic partners and we can be sure about the next phase of the programme," says an IAI source. ATG and IAI plan to assemble simultaneously the Mk10 and the Mk20 advanced trainer variant. Assembly of a more powerful Mk30 military trainer prototype will begin in mid-2008.
The Mk20 version will be identical in size to the Mk10, but with ejection seats and military avionics for basic flight training. This version will be powered by Williams FJ33-4 engines with 1,500lb of thrust (6.7kN).