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Front Page Friday, December 12, 2008 No Buyers for Eclipse Center By Richard Metcalf Journal Staff Writer Eclipse Aviation is about to give up on trying to sell its training center near Double Eagle II Airport after nearly three months of failing to find a buyer. The two-story, 41,500-square-foot ... ... do more with less. The proof in the figgy pudding of our resolve will be if, in the mix of early-morning shoppers today, we find folks who work at Eclipse Aviation or Intel or any of the local car dealerships. I hope they were there. We need a little Christmas shopping right this very minute ... Sunday, December 07, 2008 Letters To the Editor Staff Leaves Are Not the Solution IT CONTINUES to amaze me how administrators can suggest staff members take a semester off without pay or benefits to relieve budget problems. It brought to my mind a problem some 20 years ago ... ... legacy There were some spectacular miscues, chief among them the multimillion-dollar loss on New Mexico's investment in now-bankrupt Eclipse Aviation — although some argue that the state recouped those losses through the company's employment and contracting business over the years ... ... what you thought it was worth two years ago, and your 401(k) looks a little limp. But, it could be worse. A $1 billion debt is weighing down Eclipse Aviation's dream of taking off. Among the debtors who hoped to ride along is the state, which staked some $19 million of its venture capital ... ... of the fund in incentives for New Mexico film projects, and venture funds that invest in New Mexico companies, such as the $19 million invested in Eclipse Aviation. Tobacco Settlement Permanent Fund 2007: $121 million 2008: $121.5 million Established in 2000 after a legal ... ... It's too early to say what steps will be taken to fix the problem, said Pratt & Whitney spokesman Jean-Daniel Hamelin. "PWC is working closely with Eclipse Aviation to address this unexpected condition, which is unique to the engine model in this installation." Friday, November 28, 2008 Eclipse Owes Creditors $1 Billion By Richard Metcalf Journal Staff Writer Eclipse Aviation had built up more than $1 billion in debt owed to more than 5,000 creditors and shareholders during its 10 years of existence, triggering this week's filing for Chapter 11 bankruptcy ... ... Staff Writer New Mexico likely will lose millions of dollars but fare better than most other investors and creditors as Albuquerque-based Eclipse Aviation seeks to survive through Chapter 11 bankruptcy court protection. Filed Tuesday morning in Delaware, the bankruptcy is designed to preserve ... ... Staff Writer New Mexico likely will lose millions of dollars but fare better than most other investors and creditors as Albuquerque-based Eclipse Aviation seeks to survive through Chapter 11 bankruptcy court protection. Filed Tuesday morning in Delaware, the bankruptcy is designed to preserve ...Eclipse Aviation
Albuquerque Journal newspaper stories
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ABQJOURNAL BIZ: No Buyers for Eclipse Center
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92.
ABQJOURNAL UPFRONT: We Can Still Have A Merry Christmas
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ABQJOURNAL WEST/OPINION: Letters To the Editor
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ABQJOURNAL NEWS/STATE: Governor Takes Business-Friendly Record To Bigger Stage
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ABQJOURNAL OPINION/EDITORIALS: Eclipse Runs Out of Financial Runway
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ABQJOURNAL BIZ: State'S Dwindling Investment Funds
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ABQJOURNAL NEWS/STATE: FAA Directive Limiting Jet's Altitude Taking Effect
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ABQJOURNAL NEWS/METRO: Eclipse Owes Creditors $1 Billion
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ABQJOURNAL NEWS/STATE: Jet Maker Files for Chapter 11 in Hopes of Staying Aloft
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ABQJOURNAL NEWS/STATE: Jet Maker Files for Chapter 11 in Hopes of Staying Aloft
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