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| Top News: Eclipse Drama Reaches the Last Act | | back to
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ECLIPSE
FINALLY FAILS, FAILS FINALLY Eclipse Aviation sent an email
to staff late Tuesday that signals the end of a 10-year odyssey that
started with the promise of a made-in-America everyman's jet that would
revolutionize aviation and ended with a messy bankruptcy that involved
the likes of Russian Prime Minister Vladimir Putin. The email says the
board of directors will support a
move by creditors to convert the current Chapter 11 bankruptcy into
a Chapter 7 liquidation. "All of the executive management team at
Eclipse gives you our most sincere and heartfelt thanks for your
tenacity and perseverance in trying to deliver this dream we know as the
Eclipse 500," the email reads."We gave it one heck of a try. We are
sorry that it came to this today." The email is signed by executives
Mark Borseth and Michael McConnell. Notably absent is the signature of
CEO and Chairman of the Board Roel Pieper, the architect of the failed
deal that led to the collapse. More...
FROM EARLIER IN THE DAY:
ECLIPSE
CREDITORS WANT CHAPTER 7 A group of creditors involved in the
Eclipse Aviation bankruptcy have asked the courts (read
the motion in this PDF file) to liquidate the company as quickly as
possible. The Ad Hoc Committee of Secured Noteholders has applied to the
Delaware Court that approved the Chapter 11 filing and subsequent sale
of Eclipse to a subsidiary of ETIRC Aviation to convert the proceedings
to a Chapter 7 liquidation. The noteholders claim that the financing for
ETIRC's purchase of the assets has fallen through and that every day
that goes by reduces the asset pool that will be available for them.
"The debtors are administratively insolvent and expenses continue to
accrue, thus eroding the limited values that are available for
distribution to creditors," the application reads. More...
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LASP COMMENT DEADLINE IS FRIDAY The Transportation Security
Administration's proposed Large Aircraft Security Program is causing
quite a high level of concern among the GA alphabet groups, and this
Friday marks the end of the comment period on the proposal. The aviation
advocacy groups are asking their members to write in and protest this
plan, which they say would impose crushing burdens on GA airports and
operators. The program would apply only to aircraft of 12,500 pounds and
up, but it would mark the first time for TSA to gain access to purely
private flight operations. "It would, in effect, require governmental
review and authority before you could operate your own personal
vehicle," says EAA. "The TSA's proposal raises serious
constitutional questions about personal liberty, privacy, and freedom of
movement." The plan would also impact sport aviation, such as skydiving
and historic aircraft flights, and EAA says it would be especially
onerous in the Alaska aviation community. "What the TSA calls an
'all-encompassing solution' is a legal death sentence to the functional
present-day means that provide essential services to most of rural
Alaska," one commenter wrote last week. More...
WEATHER
REORGANIZATION COMMENT PERIOD EXTENDED The FAA has extended
by 30 days the comment period for a proposal to consolidate its in-house
meteorological staff in to centers in Kansas City, Mo. and College Park,
Md. The 84 weather folks are now spread across 21 facilities coast to
coast and they're hoping the 30-day extension will lead to a change of
heart. Essentially, the meteorologists are saying that no amount of
technology can replace local knowledge in forecasting weather. "The
people in Kansas City would be forecasting from the Virgin Islands to
the Ohio Valley and out to Honolulu," Dan Sobien, president of the
National Weather Service Employees Organization told the Associated
Press. "There's no way to have that kind of expertise. They could be
dealing with a blizzard and a hurricane at the same time." FAA
spokeswoman Kathleen Bergen told AP that no formal proposal has been
formulated and, whatever results, safety will not be compromised. "No
matter what plan is ultimately put in place, the FAA would never adopt
an initiative that would affect safety or reduce the amount of weather
information that's going to our controllers," Bergen said.
More...
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CONGRESS
HEARS FROM HUDSON CONTROLLER, CAPTAIN, AND CREW On Capitol
Hill on Tuesday, Patrick Harten, the air traffic controller who was on
duty the day US Airways Flight 1549 ditched in the Hudson, spoke about
the event publicly for the first time. He told members of the House
Subcommittee on Aviation that when he heard Capt. Chesley "Sully"
Sullenberger tell him, "We're gonna be in the Hudson," he asked him to
repeat himself, even though he heard him just fine. "I simply could not
wrap my mind around those words," Harten said calmly. "People don't
survive landings on the Hudson River, and I thought this was a death
sentence. I believed at that moment, I was going to be the last person
to talk to anyone on that plane alive." Harten said that during the
emergency itself, he was hyper-focused. "I had no choice but to think
and act quickly, and remain calm. But when it was over, it hit me hard.
It felt like hours before I learned about the heroic water landing that
Captain Sullenberger and his crew had managed. Even after I learned the
truth, I could not shake the image of tragedy in my mind. ... I felt
like I had been hit by a bus." Harten will return to work later this
week for the first time since the ditching. The panel also heard from
Capt. Sullenberger, who warned that airlines of the future may not be as
safe as airlines today. "I am worried that the airline-piloting
profession will not be able to continue to attract the best and the
brightest," Sullenberger said. More...
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PIPER ADDS TWO MORE WEEKS OF SHUTDOWN In an effort to remain
viable and avoid further layoffs, Piper Aircraft has announced that it
will close for a week in May and another week in June, in addition to
two weeks announced previously. "These shutdowns will be without pay and
will affect all employees in the company, from executive management to
hourly manufacturing employees," Piper spokesman Mark Miller said in a
statement released Monday. "We realize and regret
the impact that this has on our employees and are doing everything
possible to preserve the 650 jobs Piper continues to provide. Piper is
focused on taking all necessary actions to weather the current downturn
in such a way that we will be positioned for growth when the economy
improves," he said. The two-week shutdown will reduce inventory as well
as curtail expenses. Miller said the company is pleased that the new
federal stimulus package includes a provision for bonus depreciation and
believes that it will help facilitate a market recovery. "We are,
however, still deeply concerned about high inventory levels of new and
used aircraft, lack of available credit and the overall continued
decline in consumer confidence," he said. More...
AIRCRAFT
SELLERS GATHER A group representing the people who buy and
sell used turbine aircraft is meeting this week in Dallas and there's
bound to be some lively discussion. "These are extraordinary times for
the industry," said Susan Sheets, president of the National Aircraft
Resale Association. ""We have met economic downturns in the past and
prevailed, but we now face uncharted waters. NARA is well positioned to
bring the experts together to discuss a new paradigm for conducting
business in this difficult environment." The title of the conference is
Challenges and Opportunities Ahead: The Aircraft Sales Industry in
the Next Six Months. More...
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Sun 'n Fun It's Like
Spring Break for Pilots
Scheduled for April 21-26 in Lakeland, Florida. Featuring the
U.S. Army Parachute Team "Golden Knights." This annual event
includes more than 4,500 airplanes, 500 commercial exhibitors, over 400
educational forums, seminars, and hands-on workshops for virtually every
aviation interest. Plus a spectacular daily air show. All included in
your ticket price. Special online-only discounts.
Get your tickets online now at
Sun-N-Fun.org.
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HELI-EXPO
SETS ATTENDANCE RECORD Helicopter Association International
says its annual Heli-Expo trade show will almost
certainly set an attendance record despite the economic downturn. With
one day still to go in the three-day event, held this year in Anaheim,
this year's attendance total was just 52 people short of last year's
record of 17,373. "Exhibitors reported high activity at their booths and
vendors were able to interact with thousands of attendees on the floor,"
HAI said on its Web site. More...
CANADA
MARKS 100 YEARS OF POWERED FLIGHT There's some irony that the
re-enactment of the 100th anniversary of the flight of the first powered
heavier-than-air vehicle in Canada was scrubbed by cold, snow and wind.
As organizers planned the re-enactment, the overriding fear was that
Baddeck Bay on a lake on windswept Cape Breton Island in Nova Scotia
wouldn't be frozen over as it was on Feb. 23, 1909 when J.A. Douglas
McCurdy lifted off smoothly from the ice in the bamboo-and-wire Silver
Dart. The bay hasn't frozen in the last six years. But Cape Breton has
been pummeled by an old fashioned Canadian winter this year and, quite
literally in the calm before the storm, flying conditions were perfect
Sunday for a number of "test flights" in which Canadian astronaut Bjarni
Tryggvason flew the replica aircraft in front of about 1,000
people. More...
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Jeppesen Offers New &
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specifically to help you get more from your GPS.
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AVWEB
INSIDER BLOG: LOOKING PAST ECLIPSE AVweb
Editor-in-Chief Russ Niles has had a long, sometimes strange
relationship with Eclipse. In the latest installment of our AVweb
Insider blog, he muses on failure of Eclipse and the long shadow it
will cast over general aviation. More...
AVWEB
INSIDER BLOG: ADM, CHAOS THEORY, AND WHY THERE WILL ALWAYS BE
CRASHES IFR magazine editor-in-chief Jeff Van West
joins the AVweb Insider blog with some thoughts on the Colgan
crash. While the reasons for are still being sorted out, but crashes
like this will continue to happen from time to time, and Jeff speculates
that this one may have been a case of doing the wrong thing for the
right reasons. More...
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AERO Friedrichshafen
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General Aviation industry. Starting in 2009, AERO will take place
annually. Situated in Central Europe, within the bordertriangle of
Switzerland, Austria, and Germany, AERO is the ideal platform for
the European General Aviation market. In addition, Messe
Friedrichshafen is one of the most modern fairgrounds in Europe. If
you want to do business in Europe, you have to be there!
Go online for complete
information.
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AVEMCO
HONORED BY A.M. BEST
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recognizes companies that have at least 25 years of being rated A or
higher by the insurance rating company. In fact, Avemco has maintained
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AIRCRAFT
SPRUCE BUYS SKYSPORTS
Aircraft Spruce
and Specialty has purchased Skysports, of Linden, Minn. Skysports
produces single and dual fuel systems, fuel probes and a full line of
aviation supplies. Their products are now available through Spruce. More...
WHO'S
WHERE? YOU TELL US Get a promotion or a new job? Your
colleagues want to know about it, and AVwebBiz can get the word
out. Drop us a line about the
staff appointment, with a nice recent photo, and we'll do our best to
include it in our new section, "Who's Where." The items will be
permanently archived on AVweb for future reference, too.
More...
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| The Top Reporter on Our Crack Staff ... Is You! | | back to
top |  | |
ATTENTION,
AIRCRAFT OWNERS/OPERATORS: 'AVIATION CONSUMER' WANTS TO HEAR ABOUT YOUR
EXPERIENCES WITH ENGINE WARRANTIES
Our sister publication, Aviation
Consumer magazine, wants to hear about your experiences with
engine warranties. We'd like to know about warranties of new or
remanufactured engines from the factory, field overhauls and "boutique"
engine shops. In your opinion, was the warranty sufficient? Did you
encounter problems after installation, and were they resolved to your
satisfaction? Did any factory, overhauler or installer go beyond their
warranty to address any problems?
Please send a note to aviation_safety@hotmail.com
and let us know your experiences, including the factory or shop doing
the work, the aircraft type and the nature of any
problems.
(The results will appear in a future issue of
Aviation Consumer. For subscription information, click
here.) More...
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MEET
THE AVWEBBIZ TEAM
AVwebBiz is a weekly
summary of the latest business aviation news, articles, products,
features, and events featured on AVweb, the
internet's aviation magazine and news service. The AVwebBiz
team is: Publisher Timothy Cole Editorial Director,
Aviation Publications Paul
Bertorelli Editor-in-Chief Russ Niles Contributing Editors Mary Grady Glenn
Pew Features Editor Kevin
Lane-Cummings Webmaster Scott
Simmons Contributors Jeff
van West
Click
here to send a letter to the
editor. (Please let us know if your letter is not
intended for publication.) Comments or questions
about the news should be sent
here. Have a product or service to advertise
on AVweb? A question on marketing? Send it to AVweb's
sales team. If you're having
trouble reading this newsletter in its HTML-rich format (or if you'd
prefer a lighter, simpler format for your PDA or handheld device),
there's also a text-only version of AVwebBiz. For complete
instructions on making the switch, click
here. Aviate.
Navigate. Communicate. More...
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