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Same group that bought ICON has now bought Flight Design.

https://flightdesign.com/shang-gong-...-flight-design
https://www.aero-news.net/annticker....B-BE74358A500F

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I guess they’re making their rounds.

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Interesting, glad to see more aviation expertise in the SGG group.

I noticed that ICON is now listed on their brands page and reference on the homepage:

http://www.sgsbgroup.com/en/brand.html

In 2024, the company seized the strategic opportunity of promoting the development of the "low altitude economy" by acquiring relevant effective assets of ICON, a small aircraft manufacturer in the United States. By utilizing the company's connection process technology, the company will extend its business from providing process equipment for carbon fiber composite structural components to the production and manufacturing of carbon fiber lightweight sports aircraft.

I found the Chinese shareholder notice announcing the intent to bid for Icon, and translated it to English.

https://static.sse.com.cn/disclosure...40522_S8HF.pdf

To seize the development opportunities of China’s low-altitude economy, the Company plans to extend its business from providing equipment for stitching and cutting carbon fiber composite structural components to the production and manufacturing of carbon fiber light sport aircraft, creating a second growth curve for the enterprise. The Company intends to use self-raised funds to increase the capital of DA Company in Germany and, through its newly established U.S. subsidiary SGIA, participate in the bankruptcy reorganization of ICON Company and its affiliates by purchasing valid assets.