Eclipse Aerospace The Winning (Only) Bidder For Eclipse Aviation | 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-09.13.21

Airborne-UnManned-09.14.21

Airborne-Unlimited-09.15.21

Airborne-Flight Training-09.16.21

Airborne Unlimited-09.17.21

ANN LIVE Coverage of AEA 2021 Is Archived at www.airborne-live.net

Wed, Aug 19, 2009

Eclipse Aerospace The Winning (Only) Bidder For Eclipse Aviation

Sale Should Close August 20th

Eclipse Aerospace has agreed to pay $40 million for the assets of Eclipse Aviation, the makers of Very Light Jets based in Albuquerque, NM which closed down earlier this year and went into Chapter 7 liquidation. The bidding closed August 4th, and no other company came forward with an offer.

Eclipse Aerospace was founded by Mason Holland Jr., chairman of the insurance benefits software company Benefitfocus of Charleston, SC. Holland and three other investors plan to focus on servicing the fleet of existing Eclipse jets, and hope to eventually restart production at the Albuquerque facility.

"It's now a done deal. Eclipse is back." Albuquerque Mayor Martin Chávez told The New Mexico Business Weekly. Chávez said the company will start slowly hiring workers, but does not expect to be back at the employment level it enjoyed before filing for bankruptcy. Any return to aircraft production will be gradual, he said. "Eclipse has always been more important to us than the jobs it provides," Chávez said. "It represents a symbol of progress for the city. That it's now coming back is a huge victory for Albuquerque."

The Charleston Post and Courier reports that Holland decided to try to buy the company when he lost his deposit on an Eclipse 500 jet. There are reportedly 259 Eclipse jets in existence which were 'orphaned' when the company closed its doors.

FMI: www.eclipseaviation.com

Advertisement

More News

Airborne 09.17.21: Roll-Royce ePlane, eStarling Test Flt, B-2 Accident

Also: Steve Dickson Keynotes NBAA, 4AIR Launches SAF Guide, Boeing Outlook, EAA Space Day Rolls-Royce’s first all-electric aircraft, the “Spirit of Innovation”, h>[...]

Airborne 09.17.21: Roll-Royce ePlane, eStarling Test Flt, B-2 Accident

Also: Steve Dickson Keynotes NBAA, 4AIR Launches SAF Guide, Boeing Outlook, EAA Space Day Rolls-Royce’s first all-electric aircraft, the “Spirit of Innovation”, h>[...]

Aero-News: Quote of the Day (09.15.21)

“We are thrilled to launch a business jet that features all the best-selling elements of the Challenger platform – impressive performance, consistent reliability, excep>[...]

ANN's Daily Aero-Linx (09.15.21)

Aero Linx: Asian Business Aviation Association AsBAA is a non-profit association representing business and general aviation entities based in Asia and around the world. Our members>[...]

ANN's Daily Aero-Term (09.15.21): Stopway

Stopway An area beyond the takeoff runway no less wide than the runway and centered upon the extended centerline of the runway, able to support the airplane during an aborted takeo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2021 Web Development & Design by Pauli Systems, LC