Eclipse Aviation Auction Takes Place Tomorrow

By: Matt Thurber

January 13, 2009
Aircraft

The public auction for the assets of bankrupt Eclipse Aviation is scheduled for tomorrow, followed by the bankruptcy court’s selection of the winner on Friday. Some interested parties have visited Eclipse recently, according to an Eclipse spokeswoman.

“If there is not more than one qualified bid,” she said, “then there is a chance it won’t go to auction. Etirc, which had a stake in Eclipse before bankruptcy, is the only known bidder at this time.

Hawker Beechcraft will not be a bidder, according to an insider contacted by AIN, while Eclipse founder and former president and CEO Vern Raburn said that he is not involved with any bidder nor is he planning to bid on Eclipse’s assets. A number of objections to the asset sale have been filed in recent days and might affect the final bidding.

Flat-panel supplier Innovative Solutions & Support, for example, claims that the sale includes a “cure” amount–to be paid by the successful bidder–for its supply contract with Eclipse, but that the amount is less than the $5,012,452 it says it’s owed.

Back

Forecast International Hints at Shift in Jet Market November 19, 2009 In its latest business jet market prediction covering the next 10 years, Forecast International calls for worldwide production of 11,277... [more]
Cessna Delivers Four; Sees Demand for More November 17, 2009 As evidence of the continuing demand for new aircraft in the Middle East, Cessna handed over four Citations to four separate customers at the... [more]
Middle East Falcon Fleet To Grow 50% in Three Years November 17, 2009 With 50 of its aircraft currently operating in the Middle East, Dassault expects that total to swell by 50 percent over the next three years,... [more]
Bombardier Planning G650 Competitor? November 17, 2009 Although a spokeswoman confirmed last week that Bombardier has no imminent plans to announce a larger jet to compete with Gulfstream’s G650, CEO... [more]
ABJ is a right royal success November 17, 2009 The BAE Systems Avro Business Jet (ABJ), which is based on the venerable BAe146/Avro RJ four-engine regional jet, is making its Dubai Airshow... [more]