New president Jason Huang, will lead ICON through the transition. [ICON Aircraft]
Key Takeaways:
ICON Aircraft has successfully completed its asset sale to SG Investment America and will continue operations under the ICON Aircraft name.
The sale follows ICON's Chapter 11 bankruptcy filing earlier this year with $170 million in debt, with SG Investment acquiring the assets for $15.79 million.
Under new president Jason Huang, the company expresses optimism for growth and is committed to continuing high-quality aircraft production, service, and flight training for its A5 owners.
ICON Aircraft has successfully completed its asset sale to SG Investment America, with nearly all assets transferred to the new entity, which will continue to operate as ICON Aircraft.
The manufacturer filed for Chapter 11 bankruptcy earlier this year, declaring $170 million in debt. In June, legal filings showed SG Investment bought ICON for $15.79 million.
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Amelia Walsh is a private pilot who enjoys flying her family’s Columbia 350. She is based in Colorado and loves all things outdoors including skiing, hiking, and camping.
