ICON Aircraft has filed for Chapter 11 bankruptcy protection as part of a strategic restructuring process.
The company plans to continue all operations, including producing and selling aircraft, and providing service and support to customers and employees during the transition.
ICON Aircraft is pursuing an expedited sale process, aiming for new ownership and has secured debtor-in-possession financing to fund ongoing operations.
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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