That the annual EAA AirVenture show offers a mouth-watering and impossible-to-swallow cornucopia of everything aviation was never more evident than at this year’s event, where a colossal Airbus A380 shared the ramp at AeroShell Square with Burt Rutan’s most outlandish creation yet, the spaceship-launching Virgin Galactic WhiteKnightTwo built by the talented crew at Scaled Composites.
To streamline its process for certifying very light jets (VLJs), the FAA issued a notice of proposed rulemaking (NPRM) last week to amend the applicable certification standards for Part 23 jet airplanes. The agency said the NPRM is necessary to eliminate the current workload of processing exemptions, special conditions and equivalent levels of safety findings necessary to certify VLJs under Part 23.
Until around this time last year, European business aviation had been enjoying a boom period, and executive charter in particular had seen some truly explosive growth. It was in the heady years from 2005 to the first half of 2008 that a new generation of air-taxi operator was laying down business plans predicated almost entirely on the quantum leap downward in operating costs offered by the new wave of very light jets (VLJs).
Following several months of reported production slowdowns, staff layoffs and furloughs from the major OEMs, general aviation industry deliveries shrank by more than 45 percent during the first half of this year, compared with the first half of last year, according to the General Aviation Manufacturers Association (GAMA). The trade association reported that all segments of the industry experienced double-digit declines.
After no other bids emerged for the assets of Albuquerque, N.M.-based Eclipse Aviation, a federal bankruptcy judge on August 20 approved the $40 million offer from Eclipse Aerospace for the former builder of Eclipse 500 very light jets.
As anticipated, no last-minute bids emerged for the assets of Eclipse Aviation and yesterday a federal bankruptcy judge in Albuquerque approved the $40 million offer from Eclipse Aerospace for the former builder of Eclipse 500 very light jets. Eclipse had entered Chapter 11 bankruptcy proceedings in November last year and Chapter 7 in February.
The trustee in the Chapter 7 bankruptcy proceedings for Eclipse Aviation late last week asked the bankruptcy court to approve the sale of the former very light jet manufacturer’s assets essentially “free and clear of liens, claims, encumbrances and other interests pursuant to the Agreement [with Eclipse Aerospace].” If all goes smoothly and no other bidders emerge, in a few weeks Eclipse Aerospace will close on a $40 million deal to buy the a
The European Aviation Safety Agency suspended the European type certificate (TC) held by bankrupt Eclipse Aviation. The company was granted the EASA type certificate on Nov. 21, 2008, and four days later Eclipse Aviation filed for bankruptcy.
At the Sun ’n’ Fun Fly-In in Lakeland, Fla., in April, Epic Aircraft launched a pair of turbine twins. Company CEO Rick Schrameck told AIN that the current economic climate is “just the time to invest” in developing more aircraft.
The European Aviation Safety Agency earlier this month suspended the European type certificate (TC) held by bankrupt Eclipse Aviation. The company was granted the EASA type certificate on Nov. 21, 2008, and four days later it filed for bankruptcy. Attempts are currently under way by interested parties to purchase what remains of Eclipse’s assets, but the bankruptcy court has thus far accepted none of the bids.