Schlagwort-Archiv: ICON Aircraft

Shang-Gong-Gruppe übernimmt Flight Design

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Der chinesische Industriekonzern Shang Gong Group Co. Ltd. (SGG) übernimmt die Vermögens-Werte der insolventen Flight Design General Aviation GmbH mit Sitz in Eisenach. Verkäufer ist Insolvenzverwalter Marcello Di Stefano, der nach einem intensiven Investoren-Prozess die deutsche SGG-Tochter als neuen Eigentümer präsentierte.

SGG mit Hauptsitz in Shanghai ist international aktiv und unter anderem Mutterkonzern des US-Flugzeugbauers ICON Aircraft. Für Flight Design bedeutet der Einstieg nicht nur frisches Kapital, sondern auch eine klare Wachstumsstrategie: Produktion und Auslieferung sollen insbesondere am tschechischen Standort stark erhöht werden.

„Flight Design wird bald wieder eine führende Rolle im Leichtflugzeugbau spielen“, so Yongwu Chen, Vizepräsident der Shang Gong Gruppe, lebt seit 20 Jahren in Deutschland. Auch das Management-Team von Flight Design zeigt sich optimistisch und verweist auf Synergiepotenziale mit anderen SGG-Projekten. Flight Design bleibt als Marke bestehen – mit neuem Kapital und Ambitionen. Wer mehr erfahren will, trifft das Team auf der AERO 2025 in Halle B1, Stand 201.

ICON Aircraft in Restructuring Process and under Chapter 11 Protection

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ICON Aircraft, manufacturer of the revolutionary ICON A5 amphibious sport plane, today announced that it has commenced a strategic restructuring process by filing for Chapter 11 protection. The Company further disclosed that it intends to pursue a sale of its business under Section 363 of the Bankruptcy Code while continuing to support its customers and operations during the Chapter 11 process. The ICON Aircraft management team remains committed to the Company’s mission of revolutionizing personal aviation and continuing to support owners and employees during this transition.

The company intends to keep operations running as smoothly as possible throughout the restructuring process to minimize disruption. In a statement, Jerry Meyer, CEO of ICON Aircraft, emphasized the company’s dedication to its stakeholders: “We plan to continue to produce and sell aircraft and provide first-rate service, training, and support to our customers. We believe this process will enable the business to address its current challenges and emerge with new ownership – stronger than ever – and continue building amazing planes with a focus on innovation, safety, and incredible flying experiences.”

Throughout the restructuring process, ICON Aircraft will maintain open lines of communication with its customers, suppliers, employees, and other stakeholders to ensure transparency and provide updates on critical developments. Meyer continued by saying, “The purpose of the Chapter 11 filing is to resolve the Company’s financial challenges and position the A5 for success for years to come. We understand that this situation creates a hardship for everyone involved. However, without taking these steps, there is not a viable path forward for the business to do what we do best – build incredible airplanes and support our aircraft owners.”

The Company expects to continue operations during the Chapter 11 process and seeks to complete an expedited sale process with Bankruptcy Court approval. ICON Aircraft has arranged for the debtor in possession financing to fund post-petition operations and costs in the ordinary course. To minimize the adverse effects on its business and the value of its estate, the company has filed customary motions with the Bankruptcy Court to get court approval to sustain its operations in the ordinary course, including honouring commitments to customers and vendors and fulfilling obligations to all employees.

For more information about the Company’s Chapter 11 case, including claims information, please visit https://cases.stretto.com/iconaircraft or call the toll-free hotline at (866) 993-1870. International callers should use (949) 892-1896. Inquiries can also be sent directly to TeamIconAircraft@stretto.com. Source: ‚ICON Aircraft‚.