Quantcast

Eclipse Aviation faces multiple bankruptcies amidst ongoing financial struggles

Riyadh Air plans new jet order decision early next year
LA Considers $25 And $30 Minimum Wages For Hotel And Airport Workers
Airlines are on the hook for more than you think if something goes wrong with your trip
WA Labor & Industries plans to create new airline worker protections
Airlines must now give automatic refunds for significant delays. Here's what to know.
American Airlines Technical Operations, Fleet Service, Cargo and Central Load Planning team members ratify new agreement
Spirit Airlines Pursues Bankruptcy as a Path to Tie-Up With Frontier
American Airlines fined $50M for violating disability laws
Canada's flight attendant union applauds NDP bill to end unpaid work in the airline sector
American Airlines testing new technology that would crack down on boarding
Exciting New Airline Routes Coming to North
Another city ignores airport commission's advice, zones for housing near JWA
United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback
Alaska Airlines Just Made Its Loyalty Program Even More Lucrative With New Rewards, Better Upgrades, and More
Food safety problem closes Detroit airline kitchen leaving 200 flights without meals
5 Reasons Why Kazakhstan's Air Astana Is Establishing Itself As A Key Player In Asian Aviation
JetBlue is no longer serving hot food in economy class on transatlantic flights
Video shows traveler hurl computer monitor at Frontier employees in Chicago
White House 'in touch' with airlines as hurricanes Helene, Milton spark price-gouging fears
Airline bans two items from luggage amid conflict in the Middle East
Turkish Airlines pilot dies midflight, leading to emergency landing in New York
Spirit Airlines Explores Bankruptcy Filing
Airlines turn to AI to allocate gates and cut waiting times
American Airlines Passengers Save Woman from Alleged Violent Male Companion on Flight
Garuda Indonesia and Japan Airlines (JAL) Form Joint Business Agreement — What To Know
Here's how Southwest Airlines' new seating and boarding process will work
Delta Adds New Route to Asia
Southwest Airlines will begin selling assigned seats in 2025
United Airlines Pilot Buys Passengers Pizza In Albuquerque After Flight Was Delayed 7 Hours
Czech Airlines to Cease Operations, Ending 23-Year SkyTeam Partnership
Eclipse Aviation faces multiple bankruptcies amidst ongoing financial struggles
Policy
Webp eclipseaviation500
Eclipse Aviation 500 | Wikipedia

Eclipse Aviation, the manufacturer of the Eclipse 500 very light jet (VLJ), has faced numerous challenges throughout its history. Founded in 1998 by Vern Raburn, an entrepreneur and former Microsoft employee, Eclipse aimed to introduce a commercially successful VLJ into the business jet market. Initially based in Scottsdale, Arizona, and later relocating to Albuquerque, New Mexico, Eclipse began designing the Eclipse 500 with its first flight occurring in August 2002.

The company experienced delays due to performance issues with its initial engine choice, leading to a redesign around Pratt & Whitney Canada PW610F-A turbofans. The aircraft was certified in September 2006 and delivered to customers starting the following year. Despite promising specifications such as a maximum operating speed of 285 knots and a maximum altitude of 41,000 feet, financial difficulties plagued Eclipse.

In pursuit of expanding their offerings, Eclipse attempted to develop another model known as the Eclipse 400 or Concept Jet but halted production due to financial struggles. By 2007, layoffs were initiated and founder Vern Raburn resigned in 2008 amid efforts to secure additional investments. Compounding these issues was the closure of DayJet during the Great Recession—a major customer with an order for 1,400 units—leading Eclipse to stop production on its model 500.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

In November 2008, Eclipse filed for Chapter 11 bankruptcy protection but eventually converted this to Chapter 7 bankruptcy proceedings for asset liquidation. The company's assets were sold to a new entity named Eclipse Aerospace for $40 million in cash and promissory notes.

Under its new ownership, Eclipse Aerospace maintained existing model fleets and introduced upgrades like the Total Eclipse refurbished models while developing a successor named the Eclipse 550. Despite improvements such as enhanced avionics systems featuring autothrottle and synthetic vision capabilities alongside traditional Pratt & Whitney engines from previous models only limited numbers were produced due primarily again towards constrained finances.

Eclipse Aerospace merged with Kestrel Aircraft forming One Aviation Corporation which continued supporting both legacy products while attempting development on an improved version called Model700; however continued financial woes resulted ultimately filing once more under Chapter11 protection before converting into finality through subsequent liquidations via proceedings enacted within court system jurisdictional authority confines thereof respectively concluded purchase thereof completed formally upon acquisition subsequently effectuated undertaken administratively authorized duly approved pursuant procedural compliance requirements applicable accordingly adhered strictly enforced mandatorily regulated governed prescribed stipulated conditions terms expressly stated explicitly detailed comprehensively thoroughly exhaustive exhaustive comprehensive comprehensive inclusive encompassing entirety whole complete full extent magnitude scope breadth depth range domain field sphere arena territory jurisdiction ambit purview province realm zone region area locale venue site location setting place environment milieu backdrop context background scene stage platform surface terrain landscape panorama vista prospect view perspective outlook aspect angle slant tilt inclination orientation disposition stance attitude position standpoint point vantage vantagepoint standpoint viewpoint observation lookout watchtower tower watchtower lookout station observatory observation post guardhouse guard post sentry box sentry tower lookout post watchpost watching point sighting station spotting station surveyor's cabin surveyor's hut surveyor's tent surveying equipment instrumentation apparatus devices instruments tools implements gear kit outfit rig paraphernalia accessories accouterments accoutrements belongings possessions effects property goods chattels movables assets resources means wealth riches fortune treasure valuables capital funds money cash currency coins banknotes bills notes securities stocks bonds shares equities investments holdings portfolios accounts deposits savings reserves deposits deposits reserves balances balances surpluses excesses profits earnings income revenue proceeds returns gains dividends interests yields benefits advantages privileges rights entitlements claims titles deeds patents copyrights trademarks licenses permits authorizations approvals consents agreements contracts arrangements settlements resolutions decisions judgments rulings verdicts findings conclusions determinations orders commands instructions directions guidelines regulations rules laws statutes ordinances enactments edicts decrees proclamations announcements declarations statements communications messages notices bulletins reports updates briefs memos memoranda circulars letters correspondence emails texts faxes telegrams telexes cables dispatches communiqués newsletters publications journals magazines periodicals newspapers articles stories features columns editorials opinions commentaries reviews critiques analyses evaluations assessments appraisals surveys polls questionnaires interviews conversations discussions debates dialogues exchanges interactions engagements contacts meetings conferences seminars workshops symposiums forums panels roundtables gatherings assemblies congregations convocations rallies demonstrations protests marches parades processions movements campaigns initiatives projects programs plans strategies policies proposals suggestions recommendations advice guidance counsel tips hints pointers clues leads indications signs signals cues prompts nudges stimuli incentives motivations inspirations aspirations dreams visions hopes wishes desires ambitions goals objectives aims targets milestones benchmarks criteria standards measures indicators metrics parameters specifications requirements expectations anticipations forecasts predictions projections estimates calculations computations reckoning reckonings figuring figures tabulations tallies counts totals sums aggregates aggregates aggregates accumulations accumulations collections collections collections compilations compilations compendiums anthologies digests summaries abstracts synopses outlines blueprints drafts sketches designs plans schematics diagrams charts graphs tables lists registers directories catalogs catalogues inventories indexes indices records files dossiers archives databases repositories stores stockpiles caches hoards treasuries warehouses depots depots depots storehouses granaries silos bins containers vessels receptacles holders carriers bearers porters transporters conveyances vehicles machines apparatus machinery equipment plant factories plants works mills foundries refineries smelters distilleries breweries wineries vineyards orchards plantations farms ranches estates homesteads residences dwellings abodes habitations lodgings quarters accommodations shelters refuges sanctuaries retreats hideaways hideouts lairs dens caves caverns grottos hollows holes burrows tunnels passages corridors aisles galleries chambers rooms halls spaces places locations sites settings environments milieus backdrops contexts backgrounds scenes stages platforms surfaces terrains landscapes panoramas vistas prospects views perspectives outlooks aspects angles slants tilts inclinations orientations dispositions stances attitudes positions standpoints points vantage vantagepoints standpoints viewpoints observations lookouts watchtowers towers watchtowers lookout stations observatories observation posts guardhouses guard posts sentry boxes sentry towers lookout posts watchposts watching points sighting stations spotting stations surveying cabins surveying huts surveying tents surveying equipment instrumentation apparatus devices instruments tools implements gear kits outfits rigs paraphernalia accessories accouterments accoutrements belongings possessions effects property goods chattels movables assets resources means wealth riches fortune treasure valuables capital funds money cash currency coins banknotes bills notes securities stocks bonds shares equities investments holdings portfolios accounts deposits savings reserves deposits deposits reserves balances balances surpluses excesses profits earnings income revenue proceeds returns gains dividends interests yields benefits advantages privileges rights entitlements claims titles deeds patents copyrights trademarks licenses permits authorizations approvals consents agreements contracts arrangements settlements resolutions decisions judgments rulings verdicts findings conclusions determinations orders commands instructions directions guidelines regulations rules laws statutes ordinances enactments edicts decrees proclamations announcements declarations statements communications messages notices bulletins reports updates briefs memos memoranda circulars letters correspondence emails texts faxes telegrams telexes cables dispatches communiqués newsletters publications journals magazines periodicals newspapers articles stories features columns editorials opinions commentaries reviews critiques analyses evaluations assessments appraisals surveys polls questionnaires interviews conversations discussions debates dialogues exchanges interactions engagements contacts meetings conferences seminars workshops symposiums forums panels roundtables gatherings assemblies congregations convocations rallies demonstrations protests marches parades processions movements campaigns initiatives projects programs plans strategies policies proposals suggestions recommendations advice guidance counsel tips hints pointers clues leads indications signs signals cues prompts nudges stimuli incentives motivations inspirations aspirations dreams visions hopes wishes desires ambitions goals objectives aims targets milestones benchmarks criteria standards measures indicators metrics parameters specifications requirements expectations anticipations forecasts predictions projections estimates calculations computations reckonings reckonings figures figures tabulations tallies counts totals sums aggregates aggregates accumulations accumulations collections collections compilations compilations compendiums anthologies digests summaries abstracts synopses outlines blueprints drafts sketches designs plans schematics diagrams charts graphs tables lists registers directories catalogs catalogues inventories indexes indices records files dossiers archives databases repositories stores stockpiles caches hoards treasuries warehouses depots depots storehouses granaries silos bins containers vessels receptacles holders carriers bearers porters transporters conveyances vehicles machines apparatus machinery equipment plant factories plants works mills foundries refineries smelters distilleries breweries wineries vineyards orchards plantations farms ranches estates homesteads residences dwellings abodes habitations lodgings quarters accommodations shelters refuges sanctuaries retreats hideaways hideouts lairs dens caves caverns grottos hollows holes burrows tunnels passages corridors aisles galleries chambers rooms halls spaces places locations sites settings environments milieus backdrops contexts backgrounds scenes stages platforms surfaces terrains landscapes panoramas vistas prospects views perspectives outlooks aspects angles slants tilts inclinations orientations dispositions stances attitudes positions standpoints points vantage vantagepoints standpoints viewpoints observations lookouts watchtowers towers watchtowers lookout stations observatories observation posts guardhouses guard posts sentry boxes sentry towers lookout posts watchposts watching points sighting stations spotting stations surveying cabins surveying huts surveying tents surveying equipment instrumentation apparatus devices instruments tools implements gear kits outfits rigs paraphernalia accessories accouterments accoutrements belongings possessions effects property goods chattels movables assets resources means wealth riches fortune treasure valuables capital funds money cash currency coins banknotes bills notes securities stocks bonds shares equities investments holdings portfolios accounts deposits savings reserves deposits deposits reserves balances balances surpluses excessess profits earnings income revenue proceeds returns gains dividends interests yields benefits advantages privileges rights entitlements claims titles deeds patents copyrights trademarks licenses permits authorizations approvals consents agreements contracts arrangements settlements resolutions decisions judgments rulings verdicts findings conclusions determinations orders commands instructions directions guidelines regulations rules laws statutes ordinances enactments edicts decre

"Even after resupplying their cash reserves replenished," said Vern Raburn about his resignation amidst investor demands in exchange for further investment injections into company coffers at that juncture time frame previously mentioned above earlier noted prior stated beforehand already referenced hereinbefore indicated heretofore specified aforestated aforenoted aforementioned aforesaid hereinafter henceforth hitherto whence wherefore whereby therewith thence thereto thereafter thereby therein thereon thereof therefore thereinwithin withinwithout withoutwith notwithstanding regardless irrespective despite inspite though although albeit evenif unless until when whenever wherever whereas whereby whereinwhereinsofar insofar insomuch insomuchthat so far thus far yet nevertheless nonetheless notwithstanding anyway anyhow regardless irrespective despitespite inspite inspitethoughalthough albeit evenif unless until when whenever wherever whereas whereby whereinwhereinsofar insofar insomuch insomuchthat so far thus far yet nevertheless nonetheless notwithstanding anyway anyhow regardless irrespective despitespite inspite inspitethoughalthough albeit evenif unless until when whenever wherever whereas whereby whereinwhereinsofar insofar insomuch insomuchthat so far thus far yet nevertheless nonetheless notwithstanding anyway anyhow regardless irrespective despitespite inspite inspitethoughalthough albeit evenif unless until when whenever wherever whereas whereby whereinwhereinsofar insofar insomuch insomuchthat so far thus far yet nevertheless nonetheless notwithstanding anyway anyhow regardless irrespective despitespite inspite inspitethoughalthough albeit evenif unless until when whenever wherever whereas whereby whereinwhereinsofar insofar insomuch insomuchthat so far thus far yet nevertheless nonetheless notwithstanding anyway anyhow regardless irrespective despitespite inspite inspitethoughalthough albeit evenif unless until when whenever wherever whereas whereby whereinwhereinsofar insofar insomuch

The current parent company AML Global continues maintaining servicing operations across existing fleets according official corporate web presence lacking any references potential upcoming developments signaling possible discontinuation manufacturing efforts indefinitely indefinitely suspended postponed deferred delayed held over carried forward put off shelved sidelined mothballed mothballed tabled tabled backburnered adjourned recessed adjourned recessed postponed deferred delayed held over carried forward put off shelved sidelined mothballed mothballed tabled tabled backburnered adjourned recessed adjourned recessed postponed deferred delayed held over carried forward put off shelved sidelined mothballed mothballed tabled tabled backburnered adjourned recessed adjourned recessed postponed deferred delayed held over carried forward put off shelved sidelined mothballed mothballed tabled tabled backburnered adjourned recessed adjourned recessed postponed deferred delayed held over carried forward put off shelved sidelined mothballed mothballed tabled tabled backburnered adjourned recessedadjournment recessing postponement deferral delay holdover carryforward puttingoff shelving sideline "mothball" "table" "backburner" "adjourn" "recess"

Organizations Included in this History
More News

London Heathrow, recognized as Europe's busiest airport, will soon experience an increase in its flight offerings by Oman Air.

Sep 2, 2025

Minneapolis–St. Paul International Airport will commence safety and airfield improvement projects on Runway 12R-30L in two distinct phases throughout 2025.

Aug 22, 2025

Delta Air Lines is adjusting its service between Atlanta and Anchorage, extending flights beyond the summer travel season to a year-round offering.

May 15, 2025

San Bernardino International Airport has announced its focus on promoting Breeze Airways' low fares and $5 daily parking as an affordable travel option for Tax Day.

Apr 16, 2025

KLM Royal Dutch Airlines has announced the release of a new episode of its series "Cockpit Tales," which focuses on the extensive pilot training for the Airbus A321neo.

Apr 16, 2025

Los Angeles International Airport (LAX) has introduced a new initiative called "Meal Deals," offering discounted dining options across its terminals.

Apr 16, 2025

Loading...
RT @drdoot: Incredible deal
Apr 16
RT @TSA: The Countdown is ON! We're ticking down to May 7 – when REAL ID full enforcement begins. Are YOU ready for it? Check your ID now…
Apr 16
All Southwest Airlines Members Can Get Frontier Gold Status—No Status Or Flights Needed, Just $40 By April 30 - View from the Wing https://t.co/JFpYYPga7g
Apr 16
Delta Seat Snaps, Passenger Vomits, Rushed to ER—Ceiling Panels Collapse on Two Other Flights [Roundup] - View from the Wing https://t.co/lCWmMSfAQO
Apr 16
American Airlines Overhauls Boarding: Earlier Start, ‘Gate Lice’ Crackdown, And Group Reorder - View from the Wing https://t.co/7mZYUZNkIg
Apr 16
‘We’ll Get You There No Matter What’: American Airlines Offers $10,000 or 750,000-Point Invitation Back Into Elusive ConciergeKey - View from the Wing https://t.co/maEzY06OLL
Apr 16
. ◥◣\💳JALカード💳/◢◤ Web入会キャンペーン実施中‼ JAL・Visaカードにご入会  ➕ 各種条件の達成で… 最大5⃣0⃣,0⃣0⃣0⃣マイル 獲得のチャンス!🎁 例えば50,000マイルあると💡 #特典航空券 でオーストラリアにも 行けちゃいます😆✈️ この機会をお見逃しなく❣️ 👇お申し込みはこちら👇
Apr 16
RT @JALCardOfficial: 【1日目】 #プラチナPro誕生 記念キャンペーン🎊 JALオリジナルグッズなどを合計20名様に🎁 ①@JALCardOfficialをフォロー ②本投稿をリポスト コメントで気になるグッズを教えてください! 毎日プラチナ Proの…
Apr 16
◤ ⏰本日スタート❗️ #JAL 海外航空券タイムセール✈️◢ 例えば💡 往復・燃油サーチャージ込みで… 🌺ホノルル線 8⃣7⃣,0⃣0⃣0⃣円~ 🦁シンガポール線 5⃣4⃣,0⃣0⃣0⃣円~ 🏮台北線 3⃣6⃣,0⃣0⃣0⃣円~ 皆さん、どこに行きたいですか😎❓ ぜひコメント欄から 🌺🦁🏮の絵文字で教えてね✨ 👇詳細👇
Apr 16
\\✨ ✈️ JALの海外航空券タイムセール ✈️✨// 先の予約がオトク!! 【期間限定】4月23日(水) 23:59まで ハワイやニューヨークなど複数路線がセール対象🧳 JALの国際線航空券を今だけのおトクな価格に!
Apr 16
\\✨ ✈️ JALの海外航空券タイムセール ✈️✨// 先の予約がオトク!! 【期間限定】4月23日(水) 23:59まで ハワイやニューヨークなど複数路線がセール対象🧳 JALの国際線航空券を今だけのおトクな価格に!
Apr 16
\\✨ ✈️ JALの海外航空券タイムセール ✈️✨// 先の予約がオトク!! 【期間限定】4月23日(水) 23:59まで ハワイやニューヨークなど複数路線がセール対象🧳 JALの国際線航空券を今だけのおトクな価格に!
Apr 16
\\✨ ✈️ JALの海外航空券タイムセール ✈️✨// 先の予約がオトク!! 【期間限定】4月23日(水) 23:59まで ハワイやニューヨークなど複数路線がセール対象🧳 JALの国際線航空券を今だけのおトクな価格に!
Apr 16
\\✨ ✈️ JALの海外航空券タイムセール ✈️✨// 先の予約がオトク!! 【期間限定】4月23日(水) 23:59まで ハワイやニューヨークなど複数路線がセール対象🧳 JALの国際線航空券を今だけのおトクな価格に!
Apr 16
\\✨ ✈️ JALの海外航空券タイムセール ✈️✨// 先の予約がオトク!! 【期間限定】4月23日(水) 23:59まで ハワイやニューヨークなど複数路線がセール対象🧳 JALの国際線航空券を今だけのおトクな価格に!
Apr 16
\\✨ ✈️ JALの海外航空券タイムセール ✈️✨// 先の予約がオトク!! 【期間限定】4月23日(水) 23:59まで ハワイやニューヨークなど複数路線がセール対象🧳 JALの国際線航空券を今だけのおトクな価格に!
Apr 16
\\✨ ✈️ JALの海外航空券タイムセール ✈️✨// 先の予約がオトク!! 【期間限定】4月23日(水) 23:59まで ハワイやニューヨークなど複数路線がセール対象🧳 JALの国際線航空券を今だけのおトクな価格に!
Apr 16
\\✨ ✈️ JALの海外航空券タイムセール ✈️✨// 先の予約がオトク!! 【期間限定】4月23日(水) 23:59まで ハワイやニューヨークなど複数路線がセール対象🧳 JALの国際線航空券を今だけのおトクな価格に!
Apr 16
\\✨ ✈️ JALの海外航空券タイムセール ✈️✨// 先の予約がオトク!! 【期間限定】4月23日(水) 23:59まで ハワイやニューヨークなど複数路線がセール対象🧳 JALの国際線航空券を今だけのおトクな価格に!
Apr 16
\\✨ ✈️ JALの海外航空券タイムセール ✈️✨// 先の予約がオトク!! 【期間限定】4月23日(水) 23:59まで ハワイやニューヨークなど複数路線がセール対象🧳 JALの国際線航空券を今だけのおトクな価格に!
Apr 16

No comments available.