U.S. buyer emerges for Eclipse Aviation assets - Albuquerque Journal

U.S. buyer emerges for Eclipse Aviation assets

A 550 model plane Eclipse pictured during a 2014 press conference Wednesday morning at its headquarters in Albuquerque, New Mexico. (Roberto E. Rosales/Albuquerque Journal)

Copyright © 2020 Albuquerque Journal

_copyright”>Copyright © 2020 Albuquerque Journal

AML Global Eclipse LLC, a U.S.-based company backed by British businessman Christopher Harborne, announced this week that it has reached an agreement with Albuquerque-based One Aviation to purchase the assets of Eclipse Aerospace.

In a prepared statement, Harborne said the proposed sale represents a way to protect Eclipse – which is currently in Chapter 11 bankruptcy – and its assets from being liquidated.

“Whilst it is not yet clear what the future prospects for the Eclipse project might be, if our agreement is approved by the bankruptcy court, we look forward to working actively with all relevant parties to find a viable way forward,” Harborne said.

Eclipse, which produced a twin-engine light jet, filed for bankruptcy in 2008. Seven years later, Eclipse merged with Wisconsin-based Kestrel Aviation to form One Aviation, according to the Journal’s archives.

Harborne said the company welcomes contact from furloughed or former employees, suppliers, service providers and Eclipse aircraft owners.

A motion filed in U.S. Bankrupcy Court on Oct. 20 proposes a sale price of $5.25 million for the assets.


Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

Nativo Sponsored Content

taboola desktop

MORE ARTICLES LIKE THIS

1
Avangrid and NY firm swap allegations in separate lawsuits
ABQnews Seeker
Connecticut-based energy company Avangrid and New ... Connecticut-based energy company Avangrid and New York-based Security Limits Inc. have each filed se ...
2
State accepting more types of cannabis license applications
ABQnews Seeker
New Mexico's Cannabis Control Division announced ... New Mexico's Cannabis Control Division announced Tuesday that it is now accepting license applications for all cannabis-business types, including manufacturing and retail.
3
APD: Recent shooting done in self-defense
ABQnews Seeker
Detectives say a Las Cruces man ... Detectives say a Las Cruces man acted in self-defense when he fatally shot another man Monday evening in an East Central neighborhood in Albuquerque. ...
4
Proposed congressional map would split ABQ
ABQnews Seeker
Two powerful committee leaders at the ... Two powerful committee leaders at the Capitol — Sen. Joseph Cervantes and Rep. Georgene Louis — proposed a map Tuesday that would give Democrats ...
5
BCSO offers video, details of shooting by deputy
ABQnews Seeker
An 18-year-old who was shot by ... An 18-year-old who was shot by a Bernalillo County Sheriff's deputy late last month was holding an AR-15 pistol while running toward other deputies, ...
6
NM lawmakers weigh $462 million plan to spend federal ...
ABQnews Seeker
In their second try at spending ... In their second try at spending New Mexico's latest round of federal stimulus dollars, New Mexico lawmakers have crafted a $462.5 million spending plan ...
7
NM reports 969 new cases, 11 deaths
ABQnews Seeker
New Mexico reported 969 new COVID-19 ... New Mexico reported 969 new COVID-19 cases on Tuesday — an improvement from recent days — and 11 additional deaths. The state did see ...
8
Four critically injured in foothills-area crash
ABQnews Seeker
A two-vehicle crash left six people ... A two-vehicle crash left six people injured, four of them critically, Tuesday afternoon in Northeast Albuquerque. Gilbert Gallegos, an Albuquerque police spokesman, said the ...
9
City continues Luminaria Tour; tickets on sale Dec. 11
ABQnews Seeker
A long-standing tradition continues. The Luminaria ... A long-standing tradition continues. The Luminaria Tour is returning after a hiatus during 2020. The annual tour was started in 1955 by the Albuquerque ...