Depositors Say They Have Legal Stake On Unfinished Planes
ANN REALTIME UPDATE 01.16.08 1430 EST:
Twenty-four depositors whose Eclipse 500 jets were left unfinished
on the production line when the Albuquerque, NM-based company filed
for bankruptcy last year are now in federal bankruptcy court,
pleading that the eventual owners of the assets of Eclipse Aviation
-- presumably, European shareholder ETIRC Aviation, the only
qualified bidder -- should be required to finish their planes,
finish them completely, and at the originally contracted price.