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Fri, Nov 12, 2004

New Mexico Backs Eclipse

Gives Upstart Company A Total Of $15 Million In Financial Aid

Eclipse Aviation's ship has come in. Two New Mexico state agencies have agreed to loan the jet maker $5 million in loans. That brings the total amount of state aid for Eclipse to $15 million.

Eclipse and the state's Investment Council Wednesday came to terms on a $3 million loan. Full council approval is expected to be no problem.

Fort Washington Capital Partners, a company brought on board by New Mexico to invest $30 million of state funds in companies statewide, Wednesday said it, too was kicking into the Eclipse kitty. That makes another $2 million.

FMI: www.eclipseaviation.com

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