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Jim
Technically I guess the deal has yet to officially close, but according to this story, Icon has been purchased for just under $16M by "SG Investment America, owned by a 160-year-old German manufacturer of sewing machines, Dürkopp Adler GmbH, which is, in turn, owned by ShangGong Group of Shanghai, China, which also makes sewing machines."
![www.aopa.org](/community/proxy.php?image=https%3A%2F%2Fwww.aopa.org%2F-%2Fmedia%2FImages%2FAOPA-Main%2FNews-and-Media%2F2024%2FJune%2F240620_icon.jpg&hash=bb492879990809201841d476e951ebb6&return_error=1)
Court approves Icon Aircraft sale
With days of cash remaining, Icon Aircraft was sold during a bankruptcy proceeding to a new owner that makes sewing machines.
www.aopa.org