ICON Aircraft, Inc.

1:24-bk-10703

May 08, 2024
Icon Aircraft Gets OK For June Auction After Shareholder Deal

A Delaware bankruptcy judge Wednesday gave final approval to Icon Aircraft's $9 million in Chapter 11 financing and a June asset auction after the light-sport aircraft maker said it had resolved objections by shareholders who say Icon may be headed for a sale to an insider.
May 06, 2024
Icon Aircraft Investors Seek To Halt Proposed Ch. 11 Sale

A group of Icon Aircraft investors seeking to file legal claims against the company's Chinese majority equity holder asked a Delaware bankruptcy judge Monday to halt the company's proposed sale, saying the proposed stalking horse bidder is indirectly controlled by the current majority holder.
April 08, 2024
WeWork Saves $8B, Do Kwon Found Liable, WOM CEO Leaves

One of the busiest weeks for new bankruptcies this year also featured notable developments in ongoing cases. Terraform Labs and its creator Do Kwon were found liable for securities fraud, WeWork announced it expects to save $8 billion by restructuring hundreds of leases, and a New York bankruptcy judge said he would take under advisement a decision about a sale of Rudy Giuliani's Florida condo.
April 05, 2024
Judge Gives Sport Aircraft Maker Icon Ch. 11 Lifeline

A Delaware bankruptcy judge gave interim approval Friday to light-sport aircraft manufacturer Icon Aircraft to make use of $4 million of its desired $9 million bankruptcy funding as the company's Chapter 11 gets under way.