“"Many years ago, our company founder, Al Conklin, sold a new twin-engine business aircraft to a very successful entrepreneur. He had established a bit of a rapport with the individual and, after the sale, asked him straight out, 'How can you justify the cost of this airplane?' His reply? 'What is the cost of a divorce?'"–David Wyndham, president, Conklin & de Decker”
Another Chance for Eclipse?
A federal bankruptcy judge in Albuquerque, N.M., has approved a $40 million offer from Eclipse Aerospace to buy the assets of the former builder of Eclipse 500 very light jets. The new company said its first order of business is to get parts flowing to owners, followed by performing modifications and upgrades to in-service airplanes. Some of the existing 259 Eclipse 500s originally built by now-defunct Eclipse Aviation are grounded for lack of parts. All of them need upgrades, which the owners will have to pay for. The company's new owner also hopes to bring the Eclipse 500 back into production in the next six to 18 months.