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.
Very light jets (VLJs) were the topic of intense discussion at the Corporate, Air Taxi and Personal Jets conference held at the Royal Aeronautical Society in London, in March. With the world economy on its knees, the talk was less of VLJs cluttering the skies and more about making the most of a valuable breathing space.
The in-development geared turbofan (GTF) has been attracting most of the headlines at engine manufacturer Pratt & Whitney lately, and it does indeed promise to make a large leap in powerplant efficiency and environmental friendliness when it enters airline service in 2013.
The economic downturn is giving manufacturers and operators of very light jets (VLJs) more time to prepare for the airplanes’ widespread entry into service, according to speakers at the Royal Aeronautical Society’s corporate, air taxi and personal jets conference in London on March 18 and 19.
Anyone attempting to view information on the Web site of European Technology and Investment Research Center (Etirc) will find what looks like a television test pattern occupying what was formerly a description of a thriving investment business.
Although a number of proposals have been floated to buy the assets of bankrupt very light jet manufacturer Eclipse Aviation, none has attracted enough support or interest from the bankruptcy court to receive final approval.
Bend, Ore.-based Epic Aircraft launched a pair of turbine twins at the Sun ’n’ Fun Fly-In in Lakeland, Fla., last month. The new $5 million Elegance turboprop twin and $2.2 million Genesis twinjet share the same basic fuselage as the eight-seat Dynasty turboprop single, although the 419-knot, 1,700-nm Elegance is stretched to accommodate 10 while the 395-knot, 1,260-nm Genesis can seat six.
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.