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November 27, 2007

Eclipse Reaches Out To Owners For Additional Funding

Offers Chance For Customers To Lock In Current Prices

ANN REALTIME REPORTING 11.27.07 1545 EST: In a candid discussion Tuesday with ANN's Rob Finfrock, Eclipse Aviation CEO Vern Raburn admitted production delays have conspired to complicate the Albuquerque, NM-based planemaker's financial outlook -- "and feed the rumor mill" claiming the company's imminent demise -- but Raburn makes no bones about how he views his company's long-term success.

Employees On 'Mandatory Vacation' For Week

ANN REALTIME REPORTING 11.27 1330 EST: Employees at Aviation Technology Group, developers of the ATG Javelin personal jet aircraft, received some unexpected news as they returned to work Monday following the Thanksgiving holiday: they have another week off, at least, while the company works to secure additional capital.

Bidding Was Brief; Total Price $26.9 Million

ANN REALTIME UPDATE 11.27.07 1725 EST: So... will it now be Colessna? Cessnumbia?

ANN Special Feature: Kate Hanni, CAPBOR - 11.27.07

ANN's Paul Plack gets an update on how airline travelers fared over the holiday weekend from Kate Hanni of the Coalition for an Airline Passengers Bill of Rights.

FMI:

More AERO-Casts

CHC Helicopter Corporation Orders Eurocopter Training Device

ELITE Evolution S623 Sports Garmin GNS430, Will Be Used In Nigeria

ELITE Simulation Solutions announced Monday CHC Global Operations has placed an order for an ELITE Evolution S623 Eurocopter Training Device to be installed at their Lagos, Nigeria location.