Former American Airlines chief Robert Crandall’s plans to blanket the Northeast U.S. with a fleet of air-taxi Eclipse 500 very light jets under the Pogo Jet brand name have come to an end. In a filing with the Securities and Exchange Commission, Pogo Jet of Chicopee, Mass., applied to withdraw its registration statement for an initial public stock offering.
The current status of the 259 Eclipse 500 very light jets that were delivered before the manufacturer went bankrupt in February remains tenuous.
Roel Pieper’s European Technology and Investment Research Center (Etirc) has filed for bankruptcy, ending Etirc Aviation’s once-lofty plans to distribute Eclipse 500s in Europe and Russia and build an Eclipse assembly plant in Russia. Etirc announced plans to become an Eclipse distributor and help companies operate air-taxi networks two years ago.
Former American Airlines chief Robert Crandall’s plans to blanket the Northeast U.S. with a fleet of air-taxi Eclipse 500 very light jets under the Pogo Jet brand name have come to an end. In a filing with the Securities and Exchange Commission, Pogo Jet of Chicopee, Mass., applied to withdraw its registration statement for an initial public stock offering. The IPO filing was made on Sept.
Eclipse Jet, one of the companies formed to try to buy the assets of bankrupt Eclipse Aviation, has entered into an agreement with logistics and management organization Eclipse Service Network to form a network of third-party U.S. service centers. Eclipse Jet is also in discussions with third-party service providers in Europe to start an equivalent operation there.
Bend, Ore.-based Epic Aircraft today launched a pair of turbine twins at the Sun ’n’ Fun Fly-In in Lakeland, Fla. Despite the current economic climate, company CEO Rick Schrameck told AIN that this is “just the time to invest” in developing more aircraft.
A group of Eclipse 500 owners and Hawker Beechcraft (HBC) today announced the signing of a non-binding letter of intent under which HBC’s service network would provide maintenance and upgrades for Eclipse Owners Group (EOG) members. The two parties are now negotiating a “definitive binding agreement,” according to an EOG statement.
While various entrepreneurs have tried to buy and resell the 28 Eclipse 500 very light jets that were flown by bankrupt air-taxi firm DayJet, none has succeeded. Now Randall Sanada, chairman of aircraft charter and management firm Jet-Alliance of Westlake Village, Calif., has proposed a new way to market those jets, still owned by UT Finance, a subsidiary of United Technologies.
Just when you think the corporate aviation bashing has died down, yet another media report denounces an executive’s use of a private jet or airs a politician’s demands that companies rescind orders for corporate aircraft. Seems that corporate aviation is taking the brunt of a lot of pent-up taxpayer anger at the bailouts of industries not even remotely tied to aviation.
As the liquidation process for the assets of bankrupt Eclipse Aviation drags on, four groups have announced proposals to buy those assets and restart product support and, in some cases, production for the orphaned Eclipse 500 very light jet. No date has been set for the asset auction by the Delaware bankruptcy court.