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Not seeing Jerry, Andy Jackson, and MOST of the sales people. Scott R seems to be the only surviving sales person. Super pumped we still have Mandy!

I confirmed that Scott and Jake are the two people left in sales. Glad to see Dexter, maybe that means the TPF facility will remain open. I have emailed Jerry Meyer too see when we can expect some communication from newco Icon.

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Not seeing Jerry, Andy Jackson, and MOST of the sales people. Scott R seems to be the only surviving sales person. Super pumped we still have Mandy!

Andy and Chris gone are a big hit in the training and testing, Sean is now solo. Sales force got slashed too, but not all of them so I hope that means production will continue. I’ll miss working with Gary Knight for sure!

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Jerry told me to expect an update from ICON next week.

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Not seeing Jerry, Andy Jackson, and MOST of the sales people. Scott R seems to be the only surviving sales person. Super pumped we still have Mandy!

Noah also seems to have survived from Sales.

This is fascinating list. Only one engineer survived (there were only 3 as of this year), which is a total shame.

Mostly customer service (2), HR (2), Finance (1), Quality, Production, Manufacturing Engineering

Most of the structural engineering was contract (since all quit in the past 3 years) and in looking at BK proceeding those were under contract were lost many tens of thousands $$ in unpaid invoices.

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Any word on the operation in Tiajuana?

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I just heard they laid off most of the Icon staff on Thursday. Anyone hear the same, or deeper knowledge of the status?

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I just heard they laid off most of the Icon staff on Thursday. Anyone hear the same, or deeper knowledge of the status?

Unless they further laid off more employees the list that made it through the "transition" is up several posts. Only 30 remain, many others were laid off to include sales and engineering. Most that remain are in production, service, and quality.

There is only 1 engineer left and he is only an electrical engineer. They laid off a very experience and competent mechanical engineer who was doing a number of things but primarily Material Review Board (he fixed the many problems with parts and component on the production line) The other was a junior aerospace engineer. There were only three engineers left. The rest were contractors and all had sizable unpaid invoice claims. So I doubt they come do more work for them again.

With who is left I have my doubts they can competently maintain a continued operational safety program that is required of ASTM and FAA.

None of this is surprising to me given the the majority shareholders laundered the company from 62% Chinese hands into 100% Chinese hands via the bankruptcy process. Wiped out debt to small American aerospace business suppliers and laid off Americans along the way. Totally inappropriate use of the BK process in my opinion. Don't be surprised if they move the company to China. This was their goal all along. A god damn shame if you ask me and Par for the course on Chinese Investment in American Aerospace.

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Has there been any CH11 update? Is ICON going to exit CH11 or be sold off and dissolved? I thought Jerry said we would have heard something last week. Hmmmm

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Most of ICONS assets were sold to the new entity on 6/24 and 30 employees were retained. The old ICON entity still exists and is winding down operations. Still waiting on an update to owners.

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Yep, agree. What I was wondering was if there has been any word from the new entity if they are ending ICON production and selling off the pieces they acquired (having us join the ranks of Seawind and SeaRey).

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The million dollar question

Yep, agree. What I was wondering was if there has been any word from the new entity if they are ending ICON production and selling off the pieces they acquired (having us join the ranks of Seawind and SeaRey).

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No doubt! We patiently wait…

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When the sale closed last month, ICON told it is Mexican manufacturer partner Co-Production International (which I if I understand correctly handled a lot of the operations at the Tijuana manufacturing plant - admin, staffing, logistics etc) that the buyer would not be assuming the manufacturing Services Agreement.

https://www.co-production.net/mexico...s-tijuana.html
https://www.co-production.net/mexico.../icon-aircraft

On June 18, 2024, the Court entered an order approving the sale of substantially all of ICON’s assets to SG Investment America, Inc (the “Purchaser”). That sale closed yesterday, June 26, 2024. In connection with the closing, the Purchaser has informed ICON that it will not be assuming the Manufacturing Services Agreement, dated August 4, 2016 (the “Agreement”), by and between IC Technologies Inc. and Co-Production International, Inc. (“CPI”). Accordingly, ICON intends to reject the Agreement under section 365 of the Bankruptcy Code and anticipates filing the motion to effectuate such rejection in the near term. ICON will not have any need of the employees employed by CPI under the Agreement.

The judge today approved a motion for old ICON to reject its contracts with CPI.

I am not sure what this means for future manufacturing of the A5. Will SG Investment America try to restaff the plant themselves, negotiate a new deal with CPI, or abandon manufacturing in Mexico completely?

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I can only hope they are planning renegotiating contract or moving construction elsewhere. If ICON doesn’t own the carbon manufacturing equipment, then that Mexican company will
probably be making contract with the other vendors who have carbon planes, and then we will definitely have to find something new. Hmmm