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Light Business Jet Market Next Big Thing | Major Giants One Aviation, Eclipse Aviation, Cessna texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
- April 7, 2021, 11:25 AM The skies look much brighter for Eclipse 500 very light jet owners more than four months after international fuel supplier AML Global purchased the assets of that program out of bankruptcy. Once again operating under the name Eclipse Aerospace (EAI), top priorities for the company include stabilizing parts, maintenance, and AOG support for owners and shoring up vendor relationships, interim CEO Mike Press told AIN. Most, if not all, vendors have an interest in returning, especially after hearing about our plans to refurbish/upgrade the fleet aircraft and possible future plans for production of the [Eclipse] 550, Press said. AML Global s backing allows EAI to pay vendors in advance, he added. ....
PLDT aviation rebrands amid increased demand sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.
- February 19, 2021, 12:31 PM With most of its salable assets already in the hands of other entities, the nearly six-year run of Albuquerque, New Mexico-based One Aviation came to an end Thursday with an order by U.S. Bankruptcy Court Judge Christopher S. Sontchi to liquidate the company’s remaining assets. “I ve lost confidence in management,” Sontchi said in converting One Aviation s reorganization effort, which began in October 2018, to Chapter 7 liquidation. “We need an independent fiduciary to come into this case and have a look at it…we need to stop the music here.” None of the remaining parties in the case opposed the ruling, including Citiking International, which had intended to take control of One Aviation upon its exit from Chapter 11 reorganization. However, the Chinese-backed entity repeatedly failed to make good on its court-approved emergence plan, leaving One Aviation to pursue alternatives to keep the company whole. ....