Eclipse Aviation and Aspen Avionics last month settled a patent dispute over the AT300 hazard awareness display. Under the settlement agreement, Eclipse dropped a competing patent claim in exchange for 1 percent of Aspen common stock. The VLJ maker had contended that Aspen cofounders Peter Lyons and Jeff Bethel developed the AT300 product while they worked at Eclipse and, therefore, the patent for the product should belong to Eclipse.
For co-owner and general manager of Aspen Base Operation Cliff Runge, it’s been quite a run. He bought into the FBO at Aspen-Pitkin County Airport (aka Sardy Field, ASE) in 1984 and last month closed on a deal to sell the facility to Trajen FBO Network, the growing FBO chain backed by private equity firm CapStreet.
- Page 2