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Here’s the backdrop of today’s update on the LSA seaplane sector as summer approaches. According to Law360, an online legal news source, “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.” You may have read (here) that Icon got an initial offer of $13.5 million. As an industry contact told me for the earlier report, “That would hardly make a dent in their liabilities.” The person was right, it appears. A proposed new buyer referenced in the earlier article agreed to take on Icon’s debt but the sales must still go through an auction process, I was told. OK, let’s come back to Earth… or water perhaps …or either. Aero Adventure continues to fly as it has for three decades (though management has changed at least three times over the period).