Eclipse Aviation reopened the doors at its Albuquerque, N.M., headquarters and assembly site Sept. 1, some six months after closing them, many thought permanently.
Eclipse Aerospace, Inc., a new entity founded by Eclipse 500 owners Mason Holland and Mike Press, purchased the bankrupt company´s assets through auction last month in a deal involving $20 million in cash and an equal amount in new notes to old Eclipse Aviation noteholders. The original company spent more than $1 billion to design, certify, and deliver the EA 500 very light jet before failing.
The revived company, which will continue under its original name, plans to provide services and parts for the 259 EA 500s that were delivered before the factory closed in February. The new owners say their first job is to keep the existing fleet flying and then to offer upgrades to bring all aircraft in line with the latest production configuration, including flight into known ice certification. They also hope to eventually put the VLJ back into production.