Eclipse Aerospace says no other bidders appeared for closed EclipseBy AP
Friday, August 14, 2009
Company wants to take over Eclipse Aviation assets
ALBUQUERQUE, N.M. — A company that wants to buy the assets of now-closed Eclipse Aviation hopes to close on the sale by the end of the month.
Eclipse Aerospace president Mason Holland Jr. said Friday he’s not aware of any other bidders. The deadline was noon Friday.
Eclipse Aerospace has submitted a $40 million plan to purchase the assets of Eclipse, which entered bankruptcy proceedings last November.
Albuquerque-based Eclipse Aviation made the Eclipse 500 very light jet aircraft, which has been likened to an SUV with wings.
A federal bankruptcy judge set an Aug. 20 sale hearing for Eclipse Aviation’s assets.
Holland says the hearing will set out procedures for closing, which he expects to take place before the end of August.
Tags: Albuquerque, New Mexico, North America, Ownership Changes, United States