Sat, May 18, 2024
The Judge overseeing Icon's convoluted Chapter 11 process has approved $9 million in Chapter 11 financing and set a June asset auction for the Icon A5 Program -- and said that objections had apparently been resolved (for the moment) by shareholders who claimed (not surprisingly) that Icon was being sold to an 'insider.'
Judge Craig T. Goldblatt gave final approval to Icon's (DIP) debtor-in-possession financing and approved the sales schedule... but has yet to approve that previously disclosed stalking horse bidder. On April 12, 2024, the U.S. District Court for the Eastern District of Kentucky sentenced Morgan J. Wiljanen, former helicopter pilot for Air Evac EMS, Inc., to 8 months of incarceration, 18 months of supervised release, 4 months of home detention, and a $100 special assessment. In December 2023, Wiljanen pleaded guilty to operating an air common carrier while under the influence of alcohol. Bell Textron showed off its new Bell 429 testbed aircraft for the ALFA project, showing the way forward for an industry eager to advance. All this -- and MORE in today's episode of Airborne-Unlimited!!!
Airborne 05.10.24 is chock full of info in this Daily News Episode, Friday, May 10th, 2024... Presented by Aero-TV veteran videographer and Airborne Host Holland Lee. Holland is supported by ANN Chief Videographer Nathan Cremisino, as well as ANN CEO/Editor-In-Chief Jim Campbell. This episode covers:
- Sink Or Swim... Icon Gets June Auction Date
- Beyond Foolish... MedEvac Pilot Sentenced For 'FUI'
- Bell Unveils ALFA Testbed
- SkyReach Reiterates Parts Support For BushCat
- Piper Approves New Service Center in France
- NTSB to Conduct Hearing On TX Airliner Near-Miss
- Airshow London Wins Popularity Contest
Get Comprehensive, Real-Time, 24/7 coverage of the latest aviation and aerospace stories anytime, at aero-news.net. And be sure to join us again tomorrow, for the next edition of "Airborne Unlimited" here on Aero-TV. Thanks for watching. See you, again, tomorrow!
© 2024, Aero-News Network, Inc., ALL Rights Reserved.
More News
Improvements Stack as Brand Readies for Mass Production Samson Sky updated followers on its flying car progress, describing some of the travails of the wind tunnel as they get clos>[...]
LAHSO An acronym for “Land and Hold Short Operation.” These operations include landing and holding short of an intersecting runway, a taxiway, a predetermined point, or>[...]
Dave Juwel's Aviation Marketing Stories ITBOA BNITBOB ... what does that mean? It's not gibberish, it's a lengthy acronym for "In The Business Of Aviation ... But Not In The Busine>[...]
Aero Linx: Space Medicine Association (SMA) The Space Medicine Branch was founded in 1951 as the first constituent organization of the Aerospace Medical Association (AsMA). In 2006>[...]
Back-Taxi A term used by air traffic controllers to taxi an aircraft on the runway opposite to the traffic flow. The aircraft may be instructed to back-taxi to the beginning of the>[...]
Samson Sky Hits the Wind Tunnel
See All