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Icon Files for Chapter 11 Bankruptcy Protection: Pledges Transparency
Icon Aircraft, manufacturer of the Icon A5 amphibious Light Sport aircraft, announced this morning (April 4) it has filed for Chapter 11 protection under the Bankruptcy Code. The filing is part of “a strategic restructuring process,” according to a statement. As part of the announcement, Icon said its management team “remains committed to the Company’s mission of revolutionizing personal aviation and continuing to support owners and employees during this transition.” (www.avweb.com) Mehr...
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I really hope they don't go under or at least get a potential buyer/investor to et them on their feet.
Don't hold your breath. I think this one is a goner.
Enivitable - never a big enough market for this aircraft. Flying JetSki.
Awesome amphibian! Wish I had bought one out of the gate. Now that I can afford one wish I had. The only two seater I can see my wife getting into and grinning. Unfortunately, I’m on 2 many opiates to trust myself in it. Don’t wait. Just do it. Time is too precious.
Looks like a cool plane but obviously a limited, niche market. Lake produced single-engine amphibs for over 50 and eventually ceased production.
The company has had some wing issues on the planes.. Some (especially the early ones) had issues with the wings folding in flight... I am not sure if they ever overcame that issue! They do not have a very good name in the GA Arena!
