Eclipse Aviation

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.

September 30, 2008 - 10:14am

A little more than two years have passed since the Eclipse 500 very light jet received FAA certification, and since then manufacturer Eclipse Aviation (Booth No. 250) has climbed the dizzying heights of volume business jet production and faced the challenge of insufficient funding to carry out its mission to build thousands of new VLJs.

September 30, 2008 - 6:32am

Boca Raton, Fla.-based DayJet–the per-seat, on-demand charter operator of Eclipse 500 very light jets–ceased operations and let go of most of its employees on September 19, almost exactly a year after it started its air-taxi service in Florida before gradually expanding service to cover much of the Southeast.

September 30, 2008 - 5:47am

Despite the recent announcement that the Russian government would build the company a new factory in Ulyanovsk, embattled VLJ maker Eclipse Aviation (Booth No. 250) is continuing its search for operating capital, perhaps as much as $200 million. Meanwhile, the company has slowed its production rate, launched a major company-wide reorganization, laid off 40 percent of its workforce, and continues to conserve cash.

September 30, 2008 - 4:54am

Eclipse Aviation announced on September 23 that the Russian state bank Vnesheconombank (VEB) supervisory board, chaired by Russian prime minister Vladimir Putin, has approved the construction of a factory in Ulyanovsk, Russia, to assemble Eclipse 500s for the European and Russian markets.

September 29, 2008 - 11:34am

Boca Raton, Fla.-based DayJet–the per-seat, on-demand charter operator of the Eclipse 500– ceased operations and let go most of its approximately 150 employees on September 19, almost exactly a year after it started very light jet air-taxi operations in Florida and then gradually expanded service to cover much of the Southeast.

September 29, 2008 - 11:01am

An extraordinary confluence of events has embroiled Eclipse Aviation in intense scrutiny, all without a single fatal accident to act as a catalyst.

September 23, 2008 - 12:20pm

Last Wednesday’s congressional hearing on FAA certification and “alleged regulatory lapses in the certification and manufacture of the Eclipse EA-500” is just the beginning of the Department of Transportation Office of the Inspector general’s

September 23, 2008 - 12:11pm

After Boca Raton, Fla.-based DayJet–the per-seat, on-demand charter operator of the Eclipse 500–on Friday ceased operations and let go most of its employees due to “economic conditions,” questions arose as to what this would mean for Albuquerque, N.M.-based Eclipse Aviation. Less than 24 hours after DayJet’s shutdown, Eclipse issued a statement downplaying the fate of the air-taxi firm.

September 19, 2008 - 11:51am

The fate of per-seat, on-demand air-taxi firm DayJet is up in the air, and its aircraft are not.

 
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