ICON Announces Bankruptcy Filing

[image credit ICON Aircraft]
Gemini Sparkle

Key Takeaways:

  • ICON Aircraft has filed for Chapter 11 bankruptcy protection and intends to sell its business, though the CEO states they will continue production and customer support.
  • ICON's bankruptcy, following difficulties for other manufacturers like Searey and Seamax, underscores the challenges of bringing LSA seaplanes to market.
  • Conversely, simpler and more affordable seaplane projects, such as those from Aero Adventure and Scoda Aeronautica, demonstrate a more viable path in the market.
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ICON Aircraft announced the company was entering Chapter 11 bankruptcy protection, “The Company further disclosed that it intends to pursue a sale of its business,” said the release.

“We plan to continue to produce and sell aircraft and provide first-rate service, training, and support to our customers,” stated Jerry Meyer, CEO of ICON.

After recent difficult news for Searey producer Progressive Aerodyne and Seamax from Brazil, this may illustrate the challenge of bringing an LSA seaplane to market.

Producers of more fundamental seaplanes like Aero Adventure may shine a light on the value of simpler, more affordable projects. Aero Adventure will appear at Sun ‘n Fun and offers highly affordable aircraft.

Another Brazilian producer, Scoda Aeronautica, is enjoying good sales and success with their Super Petrel XP (recent article), which will debut at Sun ‘n Fun 2024.

The excitement in Lakeland, Florida is about to start. Check out all the latest and greatest at Sun ‘n Fun’s 50th Anniversary celebration.

Editor’s note: this story originally appeared on ByDanJohnson.com.

Dan Johnson

A 6,000-hour Commercial, Instrument, Multiengine Pilot and former Certified Flight Instructor, Dan’s focus today is on Light-Sport Aircraft, ultralight aircraft, and kit-built aircraft that Sport Pilots may fly. He has flown and evaluated more than 400 different aircraft models and has created articles or videos about all of them.
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