Bankruptcy Code, while con8nuing to support its customers and opera8ons
during the Chapter 11 process.
The ICON Aircraft, management team remains commited to the Company’s mission of revolu8onizing
personal avia8on and con8nuing to support owners and employees during this transi8on. The company
intends to keep opera8ons running as smoothly as possible throughout the restructuring process to
minimize disrup8on.
In a statement, Jerry Meyer, CEO of ICON Aircraft, emphasized the company’s dedica8on to its
stakeholders: “We plan to con8nue 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 con8nue building amazing planes
with a focus on innova8on, safety, and incredible flying experiences.”
FOR IMMEDIATE RELEASE
Throughout the restructuring process, ICON Aircra, will maintain open lines of communica8on with its
customers, suppliers, employees, and other stakeholders to ensure transparency and provide updates on
cri8cal developments.
Meyer con8nued by saying, “The purpose of the Chapter 11 filing is to resolve the Company’s financial
challenges and posi8on the A5 for success for years to come. We understand that this situa8on 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 aircra, owners.”
The Company expects to con8nue opera8ons during the Chapter 11 process and seeks to complete an
expedited sale process with Bankruptcy Court approval. ICON Aircra, has arranged for debtor in
possession financing to fund post-pe88on opera8ons 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 mo8ons with
the Bankruptcy Court to get court approval to sustain its opera8ons in the ordinary course, including
honoring commitments to customers and vendors and fulfilling obliga8ons to all employees.
For more informa8on about the Company’s Chapter 11 case, including claims informa8on, please visit
hJps://cases.streJo.com/iconaircra, or call the toll-free hotline at (866) 993-1870. Interna8onal callers
should use (949) 892-1896. Inquiries can also be sent directly to TeamIconAircra,@streJo.com
ICON Aircra, is represented by Sidley Aus8n LLP as its legal counsel, Armanino LLP as its financial advisor
and SSG Capital Advisors, LLC as its restructuring investment banker.
ICON Aircraft Commits to Customer Support Amid Chapter 11 Proceedings
ICON Aircraft, amid Chapter 11 proceedings, vows to support its customers and ensure smooth operational continuity. The management remains dedicated to its mission, confirming plans to continue aircraft production and services. ICON intends to resolve financial difficulties, repositioning their A5 for future success. They aim to perform an expedited sale process under Bankruptcy Court approval, having secured debtor-in-possession financing to fund post-petition operations and business sustenance, including honoring commitments to customers, vendors and employees. More details are available on the company's website or by contacting the team directly.
