Icon Aircraft identifies stalking horse bidder enroute to a complete sale

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Icon Aircraft has identified a stalking horse buyer for the ultimate sale of its business, a move that allows an initial bidder to set the low bar of a purchase price for other interested parties, the latest development in its ongoing bankruptcy case which began on April 4. 

Related: Tracing Icon Aircraft’s path to bankruptcy

The stalking horse for a potential sale of Icon has been identified as SG Investment America, a newly formed subsidiary company of industrial sewing machine developer Dürkopp Adler GmbH, according to court filings.

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Will Guisbond
Will Guisbond is a Staff Reporter at The Air Current, where he is responsible for in-depth coverage on a variety of aviation topics, including airports and infrastructure, as well as general and business aviation. Previously, he worked for two years in public affairs at an electric aerospace company, and prior to that, contributed to eVTOL.com and Vertical Magazine as a reporter covering sustainable aviation and advanced air mobility. An instrument-rated commercial pilot and active aviator, Will is based in Washington, D.C.
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