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 ICON Aircraft name.
The sale follows ICON's Chapter 11 bankruptcy filing earlier this year, where it declared $170 million in debt, with SG Investment purchasing the company's assets for $15.79 million.
New President Jason Huang is optimistic about the company's future, committing to uphold its reputation for high-quality aircraft and continue service and flight training operations.
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.
