Eclipse Aviation

October 14, 2008 - 11:45am

An attempt by a group of buyers to make a low-ball bid for the former DayJet Eclipse 500 fleet appears to have run into a snag: Eclipse Aviation isn’t about to let those airplanes go cheap. The group, formed by Houston-based Eclipse 500 management company JetsAmerica and its president, Brandon Carlson, wants to offer $500,000 each for the 28 Eclipses that used to be operated by air-taxi firm DayJet.

October 9, 2008 - 6:41am

International Jet Interiors, an independent completion and refurbishment center in Ronkonkoma, N.Y., has signed a major service agreement with Eclipse Aviation. Under terms of the deal, International Jet will provide service for the manufacturer’s Eclipse 500 very light jet interior for the Northeast U.S.

October 9, 2008 - 6:38am

International Jet Interiors, an independent completion and refurbishment center in Ronkonkoma, N.Y., has signed a major service agreement with Eclipse Aviation. Under terms of the deal, International Jet will provide service for the manufacturer’s Eclipse 500 very light jet interior for the Northeast U.S.

October 7, 2008 - 11:54am

Starting next year, Eclipse Aviation plans to ramp up production of the Eclipse 500 back to a rate of about one airplane per day, chairman and CEO Roel Pieper told AIN. Eclipse has enough cash on hand to move forward with the new production plans, according to Pieper, thanks in part to a recent financial infusion from the company’s agreement to build a factory in Russia.

October 6, 2008 - 4:46pm

Since taking the helm at Eclipse Aviation on July 28, chairman, CEO and investor Roel Pieper has worked to turn the manufacturer from a development company into one that can profitably produce the Eclipse 500 very light jet. “Eclipse has to be a profitable business,” Pieper told NBAA Convention News yesterday.

October 2, 2008 - 12:20pm

A group of buyers formed by Houston-based JetsAmerica is offering to purchase former DayJet Eclipse 500s from lienholder United Technologies Finance. As of yesterday, JetsAmerica had commitments from buyers for 13 of the very light jets, and company president Brandon Carlson said he hoped to increase that number to 20 before submitting an offer to UT Finance. “We’re offering only half a million apiece; they aren’t worth much more,” he said.

October 1, 2008 - 9:01am

With Eclipse founder Vern Raburn out of the picture, the task of putting the troubled VLJ manufacturer on the path to profitability rests on the shoulders of the company’s new chairman and CEO, Roel Pieper.

October 1, 2008 - 8:55am

Two more lawsuits were filed against Eclipse Aviation in September, bringing to four the total number of complaints about nonrefunding of purchase deposits. Geiger Excavating and Ice Blue Air filed the first two lawsuits, and Loeb Holding and Mayer Capital Holdings filed the most recent suits.

October 1, 2008 - 8:21am

Congressional hearings are often contentious, and the House aviation subcommittee investigation of the Sept. 30, 2006 type certification of the Eclipse 500 sparked some lively debate.

September 30, 2008 - 10:48am

This year has seen some significant changes in the very light jet (VLJ) category, with two manufacturers going bankrupt and another facing serious financial challenges.
Aviation Technology Group was the first of the modern crop of very light jet manufacturers to fold, having filed for liquidation (Chapter 7 bankruptcy) in May.

 
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