Aviation News

Eclipse Aviation OK’d to restructure in bankruptcy (Denver Post) A federal judge has granted Eclipse Aviation Corp.’s request to restructure under Chapter 11 bankruptcy protection, giving the Albuquerque manufacturer time to make its very-light jet profitable. The company’s acting chief executive Roel Pieper told the company’s 945 employees that the court ruling clears the way [...]

Eclipse Aviation files for bankruptcy protection (AP via Yahoo! Finance) Eclipse Aviation filed for bankruptcy protection Tuesday after failing to produce its very light jet as fast as its business plan required, forcing the manufacturer to take a loss on each aircraft it built.

Eclipse Aviation files for bankruptcy protection (AP via Yahoo! Finance) Eclipse Aviation filed for bankruptcy protection Tuesday after failing to produce its very light jet as fast as its business plan required, forcing the manufacturer to take a loss on each aircraft it built.

Sena shuffles aviation unions (The Times of India) The Shiv Sena has revamped its unions in the aviation sector in an attempt to contain the Raj Thackeray-led MNS.

Singapore, China signs MOU on aviation security cooperation (Channel NewsAsia) SINGAPORE : Singapore and China have inked an agreement on aviation security cooperation. The memorandum of understanding, signed in Singapore on Friday, formalises bilateral cooperation in areas such as aviation security policy, procedures, technology, operations and training.

RBI may extend period for banks to classify aviation sector assets (Business Standard India) After mutual funds (MFs) and non-banking finance companies (NBFCs), now it is probably the turn of the aviation industry to get succour from the Reserve Bank of India (RBI).

Russia, Greece Sign Aviation Accord (Middle East Newsline) MOSCOW [MENL] — Greece and Russia have signed an aviation cooperation agreement. Russia’s Irkut and Greece’s Hellenic Aerospace Industry signed the cooperation agreement in Athens on Nov. 12. Officials said the two would cooperate in the assembly of Russian aircraft sold to Greece.

Dassault Aviation in talks to buy Thales stake (International Herald Tribune) The planemaker Dassault Aviation came closer shaking up the French defense sector on Tuesday when it entered exclusive talks to buy Alcatel-Lucent’s 20.8 percent stake in Thales, the top European radar maker.

AVIATION WEEK Program Excellence Awards Recognize Exceptional Program Leadership (PR Newswire via Yahoo! Finance) AVIATION WEEK has honored top aerospace and defense programs at Lockheed Martin, BAE Systems, Boeing, Raytheon, and Pratt & Whitney with its 2008 Program Excellence Awards. Announced at the A&D Programs Conference in San Diego on November 13, these awards [...]

Eclipse Aviation Employees Will Be Paid (Aircraft Maintenance Technology) ALBUQUERQUE, NM – November 14, 2008 – Today, Eclipse Aviation(r) confirmed it was unable to meet its payroll obligations due on Thursday, November 13, 2008. Employees will receive their pay no later than Tuesday, November 18, 2008. Contrary to media reports, there were no layoffs involved [...]