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 for $15.79 million, following its Chapter 11 bankruptcy filing with $170 million in debt.
The company will continue to operate as ICON Aircraft under its new president, Jason Huang, with a commitment to growth and opportunities.
ICON Aircraft plans to uphold its reputation for high-quality aircraft production, service, and flight training operations in its existing locations and through 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.
CREATE A FREE ACCOUNT
Sign up to keep reading
Create a free account to continue. Already a member? Sign in below.
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.
