The Arkon was named after the Arkanian Dragon and was owned and piloted by then Jedi Padawan Isaac Bel'kaar. He obtained the fighter on Geonosis, where he and his master, Jedi Knight Erik Muir, helped a colony of miners defeat pirates in the area. The fighter was modified to an extent.
After serving Isaac for a period of time, the Arkon was destroyed when the Jedi Padawan was in orbit of Misery helping the Bahkran fight rogue Bahkran elements. It was onboard a Bahkran ship when the hangar containing it was destroyed, taking the starfighter with it.