Click to Watch Video
Click to Watch Video
One bid for Eclipse as deadline set
Updated: Monday, 10 Aug 2009, 10:45 PM MDT
Published : Monday, 10 Aug 2009, 12:16 PM MDT
ALBUQUERQUE (KRQE) - The fate of Eclipse Aviation will now be decided on Aug. 20, after a hearing Monday morning set a date for the bankruptcy sale.
The jetmaker shut down earlier this year, taking 800 jobs with it.
A new company called "Eclipse Aerospace" has put in a $40 million bid to buy what's left.
The company plans to start servicing existing jets first and then restart production later.
Trustees handling the Eclipse bankruptcy told KRQE News 13 Eclipse Aerospace bid for the defunct Albuquerque jetmaker was formally accept Monday morning by a federal bankruptcy judge in Delaware.
At that hearing the judge set a deadline of noon Friday Eastern time for any other bidders to submit their offers to the court.
If there is a second bid that equals Eclipse Aerospace offer, there will be an auction held Monday Aug. 17. If there are no additional bids the judge has scheduled a hearing for 3:30 p.m Eastern on Aug. 20 to finalize the sale of Eclipse.
Comments that are derogatory, attack other users, offer unsubstantiated facts, use foul language or are offensive in nature can and will be removed as defined by the Terms of Service. KRQE is not responsible for the content posted in this comment section. We reserve the right to remove any offensive or off-topic remark or thread. To mark a comment for review by a moderator, click "Report."
Email This
Print This
View Story on a Single Page