Russia plans Eclipse factory | Aviation International News

Maintenance and Modifications

Russia plans Eclipse factory

Despite the recent announcement that the Russian government would build the company a new factory in Ulyanovsk, embattled VLJ maker Eclipse Aviation (Booth

By Mark Huber • Contributor

September 30, 2008

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. Eclipse has only a small presence at this year’s NBAA Convention and does not plan to hold a press conference or make any announcements at the show.

“We’re continuing to pursue financing, and we think the announcement of the new factory will have a positive impact on that,” said an Eclipse spokeswoman.

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