ICON Aircraft completes asset sale amid bankruptcy proceedings

Home
»
Stories
»
2024
»
August

GLOBAL INDUSTRY NEWS

Qatar Airways In Talks To Buy 20% Of Virgin Australia - Airline Ratings

Boeing Will Buy Spirit AeroSystems For $4.7 Billion In Stock & Airbus Enters $559 Million Agreement For Its Parts

Bombardier Global Jet Production Stops in Toronto as Union Workers Strike | AIN

Justice Department To Offer Boeing a Plea Deal Related to Max Crashes

Global Industry News

ICON Aircraft completes asset sale amid bankruptcy proceedings

Policy

AVWeb | AVWeb

By Sky Industry News

Aug 8, 2024

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.

In an Aug. 2 press release, outgoing CEO Jerry Meyer said, “It has been an incredible honor to lead ICON Aircraft and work with the brightest and most passionate group of people I’ve ever had the pleasure of knowing. I want to extend my deepest appreciation to every team member for their dedication and hard work. I wish them and the company nothing but success in this exciting new chapter.”

Get the Newsletter

Sign-up to receive weekly round up of news from Sky Industry News

By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Jason Huang, the new president, will lead ICON through the transition and noted that he is optimistic about the company's growth and opportunities.

According to ICON, the company is committed to upholding its reputation of producing high-quality aircraft and service to its A5 owners. The manufacturer says service and flight training operations will continue in Tampa, Florida, and Vacaville, California, as well as 60 other service and training partners throughout the U.S.

Organizations Included in this History

AV Web

More News

Delta partners with chef José Andrés for new in-flight meals beginning November

Delta Air Lines will introduce new in-flight menu options created by celebrity chef José Andrés starting November 4.

Oct 25, 2025

TPG reviews award pricing after launch of Blue Sky partnership between JetBlue and United

The Blue Sky partnership between United Airlines and JetBlue launched today, allowing members of both airlines’ loyalty programs to earn and redeem points across the two carriers.

Oct 25, 2025

Air Canada announces major US route expansion from Toronto’s Billy Bishop airport

Air Canada is set to expand its presence at Billy Bishop Toronto City Airport (YTZ) by introducing four new nonstop routes to the United States in 2026.

Oct 25, 2025