Eclipse 500 owner Mike Press and deposit-holder Mason Holland on Friday launched a new company called Eclipse Jet to bid on assets of bankrupt Eclipse Aviation, restore Eclipse 500 product support and eventually return the very light jet to production. “Many of the owners are my personal friends, whom I’ve introduced to Eclipse and sold them their aircraft,” said Press.
AINalerts » March 17, 2009
The Transportation Security Administration is revising its “Operation Playbook” security program, which seeks to work with airline airports used by general aviation operators to develop a security protocol that keeps terrorists guessing at security tactics. The Playbook was introduced as a pilot program last year, but industry concerns about questionable TSA inspections at FBOs led to the TSA updating the program.
Business aviation investor consultancy Brian Foley Associates is seeing signs that the pre-owned business jet market could bottom out as early as this summer. “That’s not to say there’ll be an immediate decrease, just that it won’t get much higher,” noted company president Brian Foley.
Cessna Aircraft, which announced layoffs totaling roughly 13 percent of its workforce late last year, on Friday sent an e-mail to employees outlining a delay in development of the large-cabin Citation Columbus, as well as further reductions in force, this time in the form of furloughs.
Former Grob Aerospace chief executive Niall Olver confirmed to AIN that he is trying to put together a deal to restart development of the SPn light business jet, which was suspended when the group had to initiate insolvency proceedings last year.