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Cash upfront secured for Centaur seaplane
Two deposits have been received by Warrior (Aero-Marine) for its Centaur amphibian aircraft. The deposits, which are non-returnable, are from an undisclosed London businessman and a US investment company named Active Funds, which has Part 135 aircraft operations. Active Funds, based in Delaware, has agreed to participate in the initial funding of the Centaur project.

Two deposits have been received by Warrior (Aero-Marine) for its Centaur amphibian aircraft. The deposits, which are non-returnable, are from an undisclosed London businessman and a US investment company named Active Funds, which has Part 135 aircraft operations. \rActive Funds, based in Delaware, has agreed to participate in the initial funding of the Centaur project. \rThe company specialises in the transportation industry and wholly owns Avlamar, which operates aviation, land-based and marine transportation businesses in North America and the Caribbean. \r"Institutional finance is set to account for half the amount required for the Centaur and the market appears ready to contribute for deals on the first two years' production," commented James Labouchere, managing director of Warrior. "These are no-nonsense investments driven by the twin desire for Centaur ownership and the prospect of making money from aircraft manufacture."