The bankrupt status of Eclipse Aviation finally ended in August after Eclipse Aerospace bought the assets of the very light jet manufacturer for $40 million. On September 1, Eclipse Aerospace founders Mason Holland and Michael Press joined Albuquerque mayor Martin Chávez to celebrate the reopening of the factory at Eclipse’s headquarters at Albuquerque International Air- port.
The FAA has issued a notice of proposed rulemaking (NPRM) that will attempt to close some loopholes in the Part 23 regulations under which light jets and other airplanes are certified. The NPRM is open for comments until November 16, and the easiest way to view the proposal is to search the term “Docket No. FAA–2009–0738” at www.regulations.gov.
Eclipse Aerospace, the reincarnation of defunct Eclipse Aviation, has vacated its $8 million factory service center and told Albany County Airport Authority officials not to expect it to return. Doug Myers, director of public affairs for the Authority, told AIN that five years ago the airport authority began an economic development initiative to attract new businesses and jobs to the Albany, N.Y. airport.
On Tuesday morning at Albuquerque International Airport, Mason Holland and Michael Press were joined by Albuquerque mayor Martin Chávez to celebrate the reopening of formerly bankrupt Eclipse Aviation.
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.