This news has been brewing for weeks, but it appears to have reached a critical point. The assets of the ill-fated Eclipse Aviation company, whose rise is described
here and
here, and demise
here and
here, may be
sold at auction today to a new group of investors doing business as Eclipse Aerospace. The head of the new company, Mason Holland of South Carolina, was a deposit-holder for an Eclipse jet when the company went under. (He also owned and flew a Cirrus propeller airplane, and I know him slightly through the Cirrus pilots' organization.)
The Eclipse jet was to be the backbone of a new small-jet air-taxi network. Operating on what is often known as the "second mouse gets the cheese" principle, Holland appears to be interested in retaining what was valuable about the airplane's design, after the wreck of the original company's finances. More background on the sale
here,
here, and
here. Interviews with Mason Holland
here and
here. Good luck!
Read the complete post at http://jamesfallows.theatlantic.com/archives/2009/08/more_reassuring_news_new_life.php
Posted
20 Aug 2009 9:21
by
James Fallows