Bay Area amphibious aircraft maker files bankruptcy, considers sale

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Bay Area amphibious aircraft maker files bankruptcy, considers sale
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Vacaville-based ICON has explored a range of options for the company and could sell all or part of the business in Chapter 11 to repay creditor

ICON Aircraft Inc., a company that makes amphibious aircraft for recreational flying, has filed bankruptcy.

ICON has explored a range of options for the company and could sell all or part of the business in Chapter 11 to repay creditors, according to court papers. The closely held company said it has explored other options, including licensing its intellectual property or a possible combination with a blank-check firm.

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