Albuquerque’s NBC affiliate TV station, KOB, reported earlier today that the employees of Eclipse Aviation learned this morning that they will not be receiving paychecks for their last two weeks’ work.
Eclipse Aviation
Albuquerque, N.M.-based Eclipse Aviation yesterday confirmed that it scrubbed its planned attendance at AOPA Expo this week in San Jose, Calif., as it seeks to cut costs during its continuing search for financing. “We had to make the difficult decision to cancel our attendance at AOPA as part of our efforts to conserve cash,” a company spokeswoman told AIN via e-mail.
Two industry analysts now predict Eclipse Aviation will run out of cash and cease production of the Eclipse 500 very light jet early next year. Connecticut-based Forecast International on Tuesday said it believed Eclipse would not be able to attract the new investment necessary to allow continued aircraft production beyond the first quarter of next year.
On October 21, Eclipse Aviation formally placed defunct charter operator DayJet’s 28 Eclipse 500s on the used airplane market. According to the manufacturer, the airplanes will be sold in “as is” condition.
London, Ontario-based OurPlane–a fractional provider of “new light aircraft,” including Cirrus SR22 piston singles and one Eclipse 500–today made a bid to purchase the entire fleet of 28 Eclipse 500s formerly operated by DayJet.
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.
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.
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.
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.
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.