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 to operate under the same name, following its Chapter 11 bankruptcy filing due to $170 million in debt.
SG Investment America acquired ICON's assets for $15.79 million, with Jason Huang taking over as the new company president.
The company is committed to upholding its reputation for producing high-quality aircraft and will continue service and flight training operations at its facilities in Tampa and Vacaville, as well as through its 60 U.S. partners.
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.
