Harco general manager Michael Milardo said his company would support the Eclipse EA500–for now. Harco makes the airspeed probes for the compact very light jet. Milardo said his company is planning to participate in the Eclipse Aerospace suppliers conference scheduled for October 27 in Albuquerque, N.M., and will work with Eclipse’s new owners and current aircraft operators.
Eclipse Aerospace, the new owner of the assets of Eclipse Aviation, has wasted no time consolidating facilities, organizing inventory and modifying Eclipse E-500 very light jets with flight-into-known-icing (FIKI) systems and avionics upgrades. On September 30, the FAA and EASA formally reinstated the E-500’s U.S. and European type certificates to Eclipse Aerospace.
The bankrupt status of Eclipse Aviation finally ended in August after Eclipse Aerospace bought the assets of the very light jet manufacturer for $40 million. On September 1, Eclipse Aerospace founders Mason Holland and Michael Press joined Albuquerque mayor Martin Chávez to celebrate the reopening of the factory at Eclipse’s headquarters at Albuquerque International Air- port.
Eclipse Aerospace, formerly Eclipse Aviation, has vacated its $8 million factory service center on Albany International Airport. Instead, the company purchased North American Jet Maintenance on Chicago Executive Airport and plans to use it as an Eclipse platinum-level service center.
Eclipse Aerospace, the reincarnation of defunct Eclipse Aviation, has vacated its $8 million factory service center and told Albany County Airport Authority officials not to expect it to return. Doug Myers, director of public affairs for the Authority, told AIN that five years ago the airport authority began an economic development initiative to attract new businesses and jobs to the Albany, N.Y. airport.
On Tuesday morning at Albuquerque International Airport, Mason Holland and Michael Press were joined by Albuquerque mayor Martin Chávez to celebrate the reopening of formerly bankrupt Eclipse Aviation.
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 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.