Eclipse Asset Auction One Month Away?

 - May 26, 2009, 11:21 AM

The long-awaited auction of the assets of bankrupt Eclipse Aviation could occur on June 24, according to Mike Press, owner of Eclipse 500 S/N 004 and president and CEO of Single Pilot Jet Management. Press and Eclipse depositor Mason Holland have formed a company, now named Eclipse Aerospace, to bid on the Eclipse assets. If the company’s bid is successful, Eclipse Aerospace will focus on restarting Eclipse 500 maintenance and upgrade services, including working with suppliers to get parts flowing, then “see what we need to do to get the production line going,” Press said. Meanwhile, Press explained in a communiqué to Eclipse operators that the Eclipse service network’s Chicago maintenance facility has received FAA approval to install flight-into-known-icing (FIKI) upgrades on Eclipse 500s, using the Eclipse Aviation FIKI service bulletin procedures. The Chicago facility has access to all the parts needed for the FIKI mod, according to Press. Eclipse Aerospace is offering Eclipse 500 owners discounts on parts and priority service in exchange for a refundable $100,000 deposit by a May 31 deadline. The deposits will “be used to order parts, as well as provide working capital for the modification effort,” according to the communiqué.