{"id":184263,"date":"2012-06-16T06:12:00","date_gmt":"2012-06-16T11:12:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/06\/16\/eclipse-to-restart-production\/"},"modified":"2012-06-16T06:12:00","modified_gmt":"2012-06-16T11:12:00","slug":"eclipse-to-restart-production","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/06\/16\/eclipse-to-restart-production\/","title":{"rendered":"Eclipse to Restart Production"},"content":{"rendered":"<p>I thought that they were dead, but it appears that <a href=\"http:\/\/www.aviationweek.com\/awin\/ArticlesStory.aspx?id=\/article-xml\/AW_06_18_2012_p43-467461.xml\">repirts if its death are greatly exaggerated<\/a>\ud83d\ude41<i>paid subscription required<\/i>)<\/p>\n<blockquote style=\"color: blue;\"><p>As Eclipse Aerospace loads the jig for its first new-production very-light jet, the company&#8217;s ambitions are not those of its predecessor, which failed spectacularly in its bid to blacken the sky with low-cost air taxis. The new company instead aims to make a solid profit on modest production.<\/p>\n<p>The original Eclipse Aviation was formed in 1998 with the vision of selling thousands of million-dollar jets into a booming air-taxi market. But its biggest customer, unable to raise financing in an economic downturn, closed its doors in 2008, taking with it 1,400 of the 2,600 orders on the books.<\/p>\n<p>The new-build Eclipse 550 will have better cockpit displays and processors, synthetic and enhanced vision and autothrottle.<\/p>\n<p>Eclipse&#8217;s business model was based on high volume, and the failure of air-taxi operator DayJet helped push the company into bankruptcy and eventually liquidation. Its successor has a more moderate approach, with a slow production ramp targeting a recovery in the global business-jet market by around 2014-15.<\/p>\n<p>\u201cWe are not in the same position as other manufacturers,\u201d says Chairman and CEO Mason Holland. \u201cWe are growing the business at a measured pace behind the speed at which the market is moving, where others have had to consolidate and cut back to get down to the pace of the market.\u201d<\/p>\n<p>The first new-production Eclipse 550, an improved version of the original Eclipse 500, is slated for delivery in July-August 2013 and, where the original company built more than 100 aircraft in its first full production year, Eclipse Aerospace is targeting 45-50 deliveries in 2014.<\/p><\/blockquote>\n<p>It&#8217;s still (relatively) cheap, just under $3 million, which is well above what they were selling the aircraft for when they went belly up, it&#8217;s still at a good price point.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I thought that they were dead, but it appears that repirts if its death are greatly exaggerated\ud83d\ude41paid subscription required) As Eclipse Aerospace loads the jig for its first new-production very-light jet, the company&#8217;s ambitions are not those of its predecessor, which failed spectacularly in its bid to blacken the sky with low-cost air taxis. The &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1007,1005],"tags":[],"class_list":["post-184263","post","type-post","status-publish","format-standard","hentry","category-aviation","category-business"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184263"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=184263"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184263\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=184263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=184263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=184263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}