Icon Aircraft, creator of the A5 amphibious sport plane, files for Chapter 11 bankruptcy and initiates a strategic restructuring process.

California-based Icon Aircraft, the company behind the innovative A5 amphibious sport plane, has filed for Chapter 11 bankruptcy and initiated a strategic restructuring process. The company aims to complete an expedited sale process, with debtor in possession financing to fund post-petition operations. Icon Aircraft plans to continue supporting its customers and operations during the restructuring, maintaining open communication with stakeholders for transparency and updates.