Following several months of reported production slowdowns, staff layoffs and furloughs from the major OEMs, general aviation industry deliveries shrank by more than 45 percent during the first half of this year, compared with the first half of last year, according to the General Aviation Manufacturers Association (GAMA). The trade association reported that all segments of the industry experienced double-digit declines.
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.
As anticipated, no last-minute bids emerged for the assets of Eclipse Aviation and yesterday a federal bankruptcy judge in Albuquerque approved the $40 million offer from Eclipse Aerospace for the former builder of Eclipse 500 very light jets. Eclipse had entered Chapter 11 bankruptcy proceedings in November last year and Chapter 7 in February.
The trustee in the Chapter 7 bankruptcy proceedings for Eclipse Aviation late last week asked the bankruptcy court to approve the sale of the former very light jet manufacturer’s assets essentially “free and clear of liens, claims, encumbrances and other interests pursuant to the Agreement [with Eclipse Aerospace].” If all goes smoothly and no other bidders emerge, in a few weeks Eclipse Aerospace will close on a $40 million deal to buy the as
The European Aviation Safety Agency suspended the European type certificate (TC) held by bankrupt Eclipse Aviation. The company was granted the EASA type certificate on Nov. 21, 2008, and four days later Eclipse Aviation filed for bankruptcy.
At the Sun ’n’ Fun Fly-In in Lakeland, Fla., in April, Epic Aircraft launched a pair of turbine twins. Company CEO Rick Schrameck told AIN that the current economic climate is “just the time to invest” in developing more aircraft.
The European Aviation Safety Agency earlier this month suspended the European type certificate (TC) held by bankrupt Eclipse Aviation. The company was granted the EASA type certificate on Nov. 21, 2008, and four days later it filed for bankruptcy. Attempts are currently under way by interested parties to purchase what remains of Eclipse’s assets, but the bankruptcy court has thus far accepted none of the bids.
Dr. Sam Williams, founder and chairman of Williams International, died yesterday at the age of 88, according to a statement issued by his company. Williams patented the small turbofan engine and built on his company’s successful development of tiny cruise missile engines to break into the rarefied world of civil turbine engine manufacturers with introduction of the FJ44 line of turbofans.
Innovative Solutions & Support is preparing to submit the FAA paperwork necessary to secure a supplemental type certificate allowing installations of the Exton, Pa. firm’s AdViz Cessna Citation retrofit avionics system.
A Citation V completed its first test flight with the IS&S cockpit in April, following two years of development. STC approval is expected this month.
The long-awaited auction of the assets of bankrupt Eclipse Aviation might be held 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.