ICON Aircraft, manufacturer of the A5 amphibious light sport aircraft, has filed for Chapter 11 bankruptcy protection as part of a strategic restructuring process.
The company plans to continue operations, including aircraft production, sales, and customer support, while aiming for an expedited sale to new ownership to emerge stronger.
ICON has secured debtor-in-possession financing to fund operations and will maintain open communication with customers, suppliers, and employees throughout the transition.
Vacaville, California-based ICON Aircraft, manufacturer of the ICON A5 amphibious light sport aircraft, announced Thursday it had filed for Chapter 11 protection under the Bankruptcy Code.
The filing is part of “a strategic restructuring process,” according to a statement.
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