Eclipse Rises Again in Albuquerque

Aviation International News » September 2009
August 25, 2009, 7:17 AM

After no other bids emerged for the assets of Albuquerque, N.M.-based Eclipse Aviation, a federal bankruptcy judge on August 20 approved the $40 million offer from Eclipse Aerospace for the former builder of Eclipse 500 very light jets. According to Mason Holland, president and CEO, Eclipse Aerospace is hiring staff and the company’s first order of business is to get parts flowing to owners, followed by performing modifications and upgrades to existing airplanes and buying airplanes to refurbish and resell “like new and with a limited warranty.” Holland hopes to bring the EA-500 back into production in about six to 18 months, depending on the economy and demand. “Our focus is on profitability, not growth,” he said.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.