US Coverage

Law360 Authority | Deep News & Analysis

Global Coverage

Law360 Pulse | The Business of Law

Mealeys

MLex

Icon Aircraft Gets OK For June Auction After Shareholder Deal

By Rick Archer · May 8, 2024, 2:00 PM EDT

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...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

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.

Case Number

1:24-bk-10703

Judge

Craig Goldblatt

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

More than $170 million in debt

View Full Scorecard

Related Sections

Case Information

Case Title

Seaplane Debtor 1, Inc., et al.

Case Number

1:24-bk-10703

Court

Delaware

Nature of Suit

Date Filed

April 04, 2024

Recent Articles By Rick