Court Awards Icon to 'American/German/Chinese' Bidder | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-12.01.25

AirborneNextGen-
11.18.25

Airborne-Unlimited-11.19.25

Airborne-AffordableFlyers-11.20.25

AirborneUnlimited-11.21.25

LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Wed, Jun 19, 2024

Court Awards Icon to 'American/German/Chinese' Bidder

Will Chinese Ownership Destroy Another (Formerly) American Aviation Concern? 

The long-awaited hearing before a Delaware Bankruptcy Judge has taken place and Icon Aircraft, carrying over $170 million dollars in debt, was pretty much sold off for less than ten cents on the dollar, to 'SG Investment America' for $15.54M. 

The second place bidder was none other than aviation entrepreneur, Linden Blue, who offered approximately a quarter million dollars less. Blue is a highly experienced aviation business person, with a resume that included time in the sport aviation kit industry... and would undoubtedly have been an interesting and possibly more suitable buyer, as far as the future of the SportPlane program is concerned.

SG Investment America is a recent subsidiary of Germany's Durkopp Adler GmbH, but is owned by ShangGong Group based in Shanghai, China... and from there the legalities get interesting... but regardless, as forewarned by other investors in the company, Icon is now a Chinese owned enterprise, which they feared would result in the company being relocated there and the IP stripped from the original enterprise for unknown repurposing.

We shall see... 

The 200+ page court doc is as convoluted as those that preceded it, but it was interesting to note that the company's paranoia over its business practices was evidenced by disclosures of its holding what appeared to be dozens of non-disclosure documents from those it did business with. 

While the fat lady hasn't finished singing yet, the process appears to be pretty much over... leaving the future of the program in the hands of Yongwu Chen, CEO of SG Investment America...

We will keep you apprised... 

FMI: www.iconaircraft.comhttps://www.deb.uscourts.gov/

Advertisement

More News

ANN's Daily Aero-Term (11.29.25): Waypoint

Waypoint A predetermined geographical position used for route/instrument approach definition, progress reports, published VFR routes, visual reporting points or points for transiti>[...]

ANN's Daily Aero-Linx (11.29.25)

Aero Linx: Sentimental Journey to Cub Haven Sentimental Journey Flyin began in 1986 with a group of dedicated volunteers working to provide a sentimental return to Lock Haven, the >[...]

NTSB Prelim: Jabiru USA Sport Aircraft LLC J230-SP

The Pilot Would Often Fly Over Their House At A Low Altitude And That Family Members Would Go Outside To Wave On November 14, 2025, at 1708 eastern standard time, a Jabiru USA Spor>[...]

Classic Aero-TV: Crafting The Future of eVTOL Infrastructure

From 2024 (YouTube Edition): Volatus Infrastructure Paves The Way The name “Volatus” seems to be everywhere these days, popping up in a series of partnerships and proje>[...]

Klyde Morris (11.28.25)

Fortnite Conquers All, Klyde FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC


Debugging Information
ColdFusion Server Enterprise 2023,0,16,330828
Template /index.cfm
Time Stamp 02-Dec-25 07:01 AM
Locale English (US)
User Agent Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)
Remote IP 10.0.20.1
Host Name 10.0.20.1


Execution Time

Total Time Avg Time Count Template
60 ms 60 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc | onRequest(/index.cfm) ] from C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc
59 ms 59 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/parsed/main.textpost.cfm
41 ms 41 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/actTextPost.cfm
4 ms 4 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc | onRequestStart(/index.cfm) ] from C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc
3 ms 3 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/actWidgets.cfm
2 ms 2 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryTextPost.cfm
2 ms 2 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/display/dspTextPost.cfm
2 ms 2 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/dspBannerAds.cfm
2 ms 2 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/dspWidgets.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/fusebox.init.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryAnnouncements.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryNewscats.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/dspSidebar.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/layAnnNew.cfm
1 ms 1 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_234BannerZone.cfm
1 ms 1 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc | compileRequest(main.textpost, CFC: fckeditor.fb551.fusebox5.myFusebox) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc
1 ms 1 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc | init(fusebox, [complex value], [complex value]) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/CustomTags/bph/QuerySim.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/cftags/sharelinks.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/comments/actDisqus.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/actFooter.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryAudio.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/model/main/qryWidVideo.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/comments/dspDisqus.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/display/dspAnnouncements.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/dspNewscats.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_admin.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_flashAd.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_podcasts.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_search.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_today.cfm
0 ms 0 ms 1 C:/inetpub/wwwroot/clients/aero-news.net/view/layout/widgets/widget_topvideos.cfm
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc | onRequestEnd(/index.cfm) ] from C:/inetpub/wwwroot/clients/aero-news.net/Application.cfc
0 ms 0 ms 13 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/components/utils.cfc | RandomNumber() ] from C:/inetpub/wwwroot/clients/aero-news.net/components/utils.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/components/utils.cfc | tagstripper(<h2><u><strong>Will Chinese Ownership Destroy Another (Formerly) American Aviation Concern?&nbsp;</strong></u></h2>

The long-awaited hearing before a Delaware Bankruptcy Judge has taken place and Icon Aircraft, carrying over $170 million dollars in debt, was pretty much sold off for less than ten cents on the dollar, to 'SG Investment America' for $15.54M.&nbsp;The second place bidder was none other than aviation entrepreneur, Linden Blue, who offered approximately a quarter million dollars less. Blue is a highly experienced aviation business person, with a resume that included time in the sport aviation kit industry... and would undoubtedly have been an interesting and possibly more suitable buyer, as far as the future of the SportPlane program is concerned.

) ] from C:/inetpub/wwwroot/clients/aero-news.net/components/utils.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxAction.cfc | getAccess() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxAction.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc | expandFuseboxPath(parsed/) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc
0 ms 0 ms 2 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc | getCoreToAppRootPath() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc | getVersion() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxApplication.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxEvent.cfc | init([complex value], [complex value], CFC: fckeditor.fb551.fusebox5.myFusebox) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/fuseboxEvent.cfc
0 ms 0 ms 2 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc | getMyself() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc | getSelf() ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc
0 ms 0 ms 1 CFC[ C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc | trace(Fusebox, Request completed) ] from C:/inetpub/wwwroot/clients/aero-news.net/fb551/fusebox5/myFusebox.cfc
2 ms  STARTUP, PARSING, COMPILING, LOADING, & SHUTDOWN
66 ms  TOTAL EXECUTION TIME
red = over 250 ms average execution time


SQL Queries

post (Datasource=AeroNews, Time=1ms, Records=1) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryTextPost.cfm @ 07:01:22.022
SELECT
	cb.ContentBlockID as id,
	cb.ContentBlockName as title,
	cb.Display,
	ct.DisplayTemplate,
	cb.HTMLContent as description,
	cb.ForumCode,
	cb.Icon,
	convert(varchar(20), cb.Display, 111) AS GroupDate,
	t.TeaserText as teaser,
	cb.SortOrder
FROM
	vwContentBlock cb INNER JOIN ContentType ct
	ON cb.ContentTypeCode = ct.ContentTypeCode
	LEFT OUTER JOIN Teaser t
	ON cb.ContentBlockID = t.ContentBlockID AND t.TeaserType <> 'L'
WHERE
	cb.ContentBlockID = ?
	AND Status IN ('60','80') AND (Display <{ts '2025-12-02 07:01:22'} OR Display IS NULL)
Query Parameter Value(s) -
Parameter #1(CF_SQL_varchar) = 477DBF66-9FD4-4D7E-A297-5C9ECFCE60A8

GetAnnouncements (Datasource=AeroNews, Time=0ms, Records=1, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryAnnouncements.cfm @ 07:01:22.022
SELECT HTMLContent
FROM ContentBlockLive
WHERE ContentBlockKey = 'ANNOUNCE' 
	AND Status = 60 
	AND ((Display <{ts '2025-12-02 07:00:00'} OR Display IS NULL) 
	AND (Expire > {ts '2025-12-02 07:00:00'} OR Expire IS NULL))
qryAudio (Datasource=AeroNews, Time=0ms, Records=0, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryAudio.cfm @ 07:01:22.022
SELECT NewID() as id,
	CAST(episodesid AS VARCHAR(38)) as myid,
	title,
	CAST(subtitle  AS Varchar(800)) as teaser, 
	CAST(summary AS Varchar(2000)) as description,
	ApprovedDate as published,
	episodefile as filelocation, 
	podcastsid as categoryid,
	CAST('audio' AS char(8)) as mytype,
	ApprovedDate as GroupDate,
	SPACE(2) AS previewimage,
	0 AS sortorder
FROM episodes
	WHERE Approved = 1 
		
	AND ApprovedDate <{ts '2025-12-02 07:00:00'} ANd ApprovedDate > {ts '2025-11-28 07:00:00'} 

Order By published DESC, sortorder DESC
qryWidVideo (Datasource=AeroNews, Time=0ms, Records=3, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryWidVideo.cfm @ 07:01:22.022
SELECT TOP 3
videoId as id, 
	convert(varchar(38), videoId) as myid, 
	title, 
	CAST(description AS Varchar(2000)) as description, 
	Cast(teaser AS Varchar(800))as teaser,
	published,
	filelocation, 
	categoryid,
	CAST('video' AS char(8)) as mytype,
	published as GroupDate,
	previewimage,
	0 AS sortorder
	
FROM Videos
WHERE active = 1 AND approved = 1 AND published <{ts '2025-12-02 07:00:00'} 
ORDER BY published DESC
widgetsorted (Datasource=, Time=2ms, Records=6) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\actWidgets.cfm @ 07:01:22.022
SELECT *
	FROM qryWidgets
	WHERE wname IN('flashAd','today','search','podcasts','topvideos','adsection234')
	ORDER By sortorder
NewsCategories (Datasource=AeroNews, Time=0ms, Records=7, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryNewscats.cfm @ 07:01:22.022
SELECT 
			ContentTypeName, ContentTypeCode
		FROM ContentType 
		WHERE CategoryCode = 'NEWS' AND CONTENTTYPECODE <> 'ATRVNW'
		ORDER BY ContentTypeName
NewsCategories2 (Datasource=AeroNews, Time=0ms, Records=8, Cached Query) in C:\inetpub\wwwroot\clients\aero-news.net\model\main\qryNewscats.cfm @ 07:01:22.022
SELECT 
			ContentTypeName, ContentTypeCode
		FROM ContentType 
		WHERE CategoryCode = 'NEWS'
		ORDER BY ContentTypeName


Scope Variables

CGI Variables:
AUTH_PASSWORD=
AUTH_TYPE=
AUTH_USER=
CERT_COOKIE=
CERT_FLAGS=
CERT_ISSUER=
CERT_KEYSIZE=
CERT_SECRETKEYSIZE=
CERT_SERIALNUMBER=
CERT_SERVER_ISSUER=
CERT_SERVER_SUBJECT=
CERT_SUBJECT=
CF_TEMPLATE_PATH=C:\inetpub\wwwroot\clients\aero-news.net\index.cfm
CONTENT_LENGTH=0
CONTENT_TYPE=
CONTEXT_PATH=
GATEWAY_INTERFACE=CGI/1.1
HTTPS=off
HTTPS_KEYSIZE=
HTTPS_SECRETKEYSIZE=
HTTPS_SERVER_ISSUER=
HTTPS_SERVER_SUBJECT=
HTTP_ACCEPT=*/*
HTTP_ACCEPT_ENCODING=gzip, br, zstd, deflate
HTTP_ACCEPT_LANGUAGE=
HTTP_CONNECTION=Keep-Alive
HTTP_COOKIE=CFTOKEN=8654581a4a5afb4f-B55ED9EF-E361-DFFA-FB439545E603D687; JSESSIONID=C29FC683053FA6CFCD93779B7359930D.cfusion; CFID=5166976
HTTP_HOST=www.aero-news.net
HTTP_REFERER=
HTTP_URL=/index.cfm?do=main.textpost&id=477DBF66-9FD4-4D7E-A297-5C9ECFCE60A8
HTTP_USER_AGENT=Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)
LOCAL_ADDR=10.0.20.10
PATH_INFO=
PATH_TRANSLATED=C:\inetpub\wwwroot\clients\aero-news.net\index.cfm
QUERY_STRING=do=main.textpost&id=477DBF66-9FD4-4D7E-A297-5C9ECFCE60A8
REMOTE_ADDR=10.0.20.1
REMOTE_HOST=10.0.20.1
REMOTE_USER=
REQUEST_METHOD=GET
SCRIPT_NAME=/index.cfm
SERVER_NAME=www.aero-news.net
SERVER_PORT=80
SERVER_PORT_SECURE=0
SERVER_PROTOCOL=HTTP/1.1
SERVER_SOFTWARE=Microsoft-IIS/10.0
WEB_SERVER_API=
Cookie Variables:
CFID=5166976
CFTOKEN=8654581a4a5afb4f-B55ED9EF-E361-DFFA-FB439545E603D687
JSESSIONID=C29FC683053FA6CFCD93779B7359930D.cfusion
Session Variables:
sessionid=C29FC683053FA6CFCD93779B7359930D.cfusion
urltoken=CFID=5166976&CFTOKEN=8654581a4a5afb4f-B55ED9EF-E361-DFFA-FB439545E603D687&jsessionid=C29FC683053FA6CFCD93779B7359930D.cfusion
URL Parameters:
do=main.textpost
id=477DBF66-9FD4-4D7E-A297-5C9ECFCE60A8
Debug Rendering Time: 21 ms