
Icon Aircraft, creator of the A5 LSA seaplane, is in the spotlight again as bankruptcy proceedings finally come to a close. Short story: Icon will continue making aircraft, after the bankruptcy heard from a new buyer — not the buyer mentioned before in this recent article. The court sought a change in ownership and an effort to grapple with a large amount of debt. From beginning (in April 2024) to an end in mid-June, this proceeding moved very swiftly. Here’s the final settlement. “Icon In a Flat Spin as Bankruptcy Looms” Earlier in the day on June 18th, 2024… Britain’s Flyer magazine reported online that Icon found a buyer but not the one mentioned in the prior link. “Buy an aircraft manufacturer with a certified product and also selling in the Light-Sport Aircraft class for, what? …£100 million? Try again and aim low: just over £12m ($15.3 million),” wrote Flyer staff.