Quantcast

Sky Industry News

These Frequent Fliers Are Done With Loyalty Programs
JetBlue accepting Venmo as payment method for flights purchased through mobile app
United Airlines stock rallies on results, as growing demand wasn’t just about premium seats
Delta Adds Another Alaska Route
American Halts CRJ-200 Operations
Shanghai Airlines to Launch Casablanca Route
Delta employees to receive an average five weeks of pay in annual profit sharing
Akasa Air faces DGCA heat for lapses; warning letter issued to airline's accountable manager
Indigo Eyes European Market Amid Intensifying Competition with Air India
Air India to operate daily Delhi-Prayagraj flights for Maha Kumbh
Engine maker agrees to compensate WizzAir for grounded planes
Turkish Airlines’ flights are riddled with bedbugs, passengers say
British Airways frequent flyers react to Executive Club changes
Inside the short-lived, men-only flights where kids and women were banned but cigar and pipe smoking were rife
China steps up drive to break Boeing, Airbus grip on plane market
Heathrow’s New York service clings to spot in top aviation routes
Airline praises pilots in crash-landing where both died but nearly half the passengers survived
Mexico state airline to buy five Embraer planes next year
A record number of people are expected to fly over the holidays. That's good for travel stocks, but not for passengers.
American Airlines technical issue sparks travel chaos on Christmas Eve as flights heavily delayed after being grounded
Why United Airlines has had such a stellar year despite being Boeing's biggest customer
JetBlue nixing routes between multiple major cities, reducing several others
Airline Stocks Led The Travel Industry's Record 2024 Rally. Here's What's Next.
It’s beginning to look like another record for holiday travel
Qatar Airways cleans up at the World Travel Awards
All of the strikes at European airports this winter – find out if you are affected
Meet the CEO trying to turn around Air India, the 92-year-old airline with a pile of problems
Skiplagging: Unpacking the Risky Travel Trend That Involves Tricking Airlines
Qantas engineers walk off job on one of the busiest travel days of the year
South Korea to safeguard competition after Korean Air, Asiana merger
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

Emirates, the Dubai-based airline known for its luxury services and long-haul flights, is reportedly planning to expand its global network with new routes in 2025.

Feb 25, 2025

An American Airlines flight bound for New Delhi was diverted to Rome due to a "security issue," landing safely on Sunday.

Feb 25, 2025

The Airbus A321XLR is making a significant impact on the aviation industry by offering a range that surpasses its competitors.

Feb 25, 2025

Brussels Airlines has entered into an agreement with Air Europa to use its Boeing 787-9 aircraft for flights on the New York route.

Feb 25, 2025

In a Senate Commerce Committee hearing, the Trump administration's nominee for deputy secretary of the US Department of Transportation (USDOT) expressed that the government "needs to be tougher" on Boeing due to production delays affecting both...

Feb 25, 2025

The US Air Force's Expeditionary Security Forces Squadron Fly Away Security Teams (FAST) play a critical role in providing security for aircraft and personnel operating in areas with uncertain or absent infrastructure and defenses.

Feb 25, 2025