Eclipse Aviation Files Chapter 11

Well, first they missed a payroll, and noe Eclipse Aviation has filed for reorg under Chapter 11, but it also, “simultaneously announced an offer for the sale of its assets for a combination of cash, equity and debt to an affiliate of Etirc Aviation, its largest shareholder.”

It looks like there may be an auction, and they filed in Delaware (where else) to get Debtor in Possession funding.

Like I said, put a fork in them, they are done.

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