November 2, 2007 |
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VLJ News
"There's no economic model that justifies setting up a support team to support just five planes in the field. There's no critical mass to make it economically viable. We're the lighting rod for their ire right now because they got burned by the prior company. I don't think there's anyone with this company that doesn't sympathize with them ... but it is not our responsibility to support these owners. The previous company is responsible for putting them in the position they're in today." Source: Jan D'Angelo, a former Adam Aircraft worker and now head of customer support at AAI Acquisition. The Russian-backed company bought many of Adam's assets in April this year, with the intent to continue certification efforts for the A700 very-light-jet. As for the already-certified A500 piston twin -- on which the A700 is heavily-based -- AAI announced at Oshkosh last month it won't build any more planes, beyond the seven Adam assembled prior to its February entry into Chapter 7 liquidation. Five of those planes are in customers' hands... but they can't fly them, without company support.
2008-08-26 10:43:58 GMT
Eclipse will lay off 38% of its workforce three weeks into the leadership of new CEO Roel Pieper, who has buoyed numerous struggling companies with reorganization in his career. The layoffs include temporary workers on hire for less than six months but officials aren't saying which executive posts are among the 650 employees being cut. Eclipse maintenance facilities in Albany and Gainesville will lose workers, as will Albuquerque headquarters. Production of the Eclipse 500 will slow in 2008 but rebound in 2009 and climb above the present rate of just less than one per day. The remaining workforce will be 1,100 employees. "Financial stability is critical for this company and unfortunately, a reduction in workforce was necessary to achieve it," says Pieper.
2008-08-25 13:43:46 GMT
Offer Incentives To Cover Tax, Legal Services Diamond Aircraft reminds anyone looking to purchase a new single-engine piston aircraft that September 30 is the deadline to take advantage of up to $300,000 in depreciation opportunities on a Diamond DA40 XLS.
2008-08-23 10:42:03 GMT
Cuts amount to 38% of its workforce, an action that will slow Eclipse 500 production rate to about one aircraft a week
2008-08-22 17:43:27 GMT
Eclipse Aviation has announced that it is laying off 650 people in an effort to get the company on solid financial ground.
2008-08-22 16:53:08 GMT
PlaneSense Says It Will Keep Its Orders Times are tough for Grob Aerospace, after the fledgling jetmaker entered insolvency proceedings this week due to delays in bringing its spn very-light jet to market. The company may take some comfort, however, in knowing one of its largest customers plans to stand by the company, and its orders for 25 planes.
2008-08-21 10:44:59 GMT
Hindustan Aeronautics is likely to be the production house for India's first civil transport aircraft, a 14-seat...
2008-08-21 09:38:40 GMT
FAA inspectors are conducting a special certification review of the Eclipse 500 jet. The move is apparently in preparation for a Sept. 17 congressional hearing questioning the FAA's awarding of a type certificate to the company in 2006. Eclipse officials said they welcome the review and believe the aircraft was properly tested and certified...
2008-08-20 20:49:02 GMT
The Federal Aviation Administration started a 30-day review of Eclipse Aviation Corp.'s very light jet on Aug. 10.
2008-08-20 20:40:11 GMT
Federal aviation officials are doing an unusual 30-day review of the Eclipse 500 very light jets after reports of safety problems.
2008-08-20 19:53:55 GMT
Cutting Purchases For Rest Of Year, First Half Of '09 A picture of future events for Albuquerque, NM-based Eclipse Aviation is starting to come together. On Tuesday, composites supplier Albany International Corp. said its sales growth for the remainder of the year will take a significant hit, due to cutbacks in planned production rates at Eclipse.
2008-08-20 10:40:47 GMT
Textile and composite maker Albany International warns that its customer Eclipse Aviation plans to cut production of the Eclipse 500 jet airplane.
2008-08-19 22:36:15 GMT
Textile and composite maker Albany International warns that its customer Eclipse Aviation plans to cut production of the Eclipse 500 jet airplane.
2008-08-19 18:53:29 GMT
ALBANY, N.Y.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) reported today that Eclipse Aviation, a significant customer of Albany Engineered Composites (AEC), has indicated that it
2008-08-19 13:47:12 GMT
CARLSBAD, Calif.--(BUSINESS WIRE)--Austin Blue, President of Spectrum Aeronautical, LLC, announced today that the company has finalized the sale of a fleet of aircraft comprised of its
2008-08-18 21:47:39 GMT






































