Aircraft Co. Icon's Ch. 11 Sale Cleared With Higher Price

By Vince Sullivan · June 18, 2024, 4:09 PM EDT

Light-sport aircraft producer Icon received a Delaware bankruptcy court's approval Tuesday for a nearly $15.8 million sale of its assets after securing an agreement to increase the price by $250,000, just...

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Bankruptcy Scorecard

Summary

Light-sport aircraft manufacturer ICON Aircraft filed for Chapter 11 protection in Delaware bankruptcy court with more than $170 million in debt and plans for an asset sale and liquidation.

Case Number

1:24-bk-10703

Judge

Craig Goldblatt

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

More than $170 million in debt

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Related Sections

Case Information

Case Title

Seaplane Debtor 1, Inc., et al.

Case Number

1:24-bk-10703

Court

Delaware

Nature of Suit

Date Filed

April 04, 2024

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