Aircraft
Icon Aircraft Files for Chapter 11 Bankruptcy
The restructuring process includes plans to sell the company
Icon A5 amphibious airplane
An Icon A5 amphibious light sport aircraft at the company's Vacaville, California headquarters © Matt Thurber/AIN

On March 4, light sport airplane manufacturer Icon Aircraft and three affiliated debtors filed a voluntary petition for relief under the U.S. Chapter 11 bankruptcy code at the United States Bankruptcy Court for the District of Delaware. The affiliated debtors include Rycon, IC Technologies, and Icon Flying Club. Icon manufactures the A5 amphibious light sport aircraft.

As part of the restructuring process, Icon Aircraft is seeking to sell itself while “continuing to support its customers and operations,” according to a company statement. It has arranged for debtor-in-possession financing “to fund post-petition operations and costs in the ordinary course, including honoring commitments to customers and vendors and fulfilling obligations to all employees.”

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