Article: United States : Eclipse bidder offers $40 million.

Byline: kusumv03

Starting about Aug. 24, watch for the U.S. Bankruptcy for the District of Delaware to either select Eclipse Aerospace as the winning bidder or preside over an international bidding auction for the former Albuquerque-based Eclipse Aviation. Eclipse Aerospace was formed two months ago by one of two owner groups seeking control of the bankrupt personal jet manufacturer. Now it has the backing of the rival group, the Eclipse Owners Group (EOG).

Eclipse Aerospace submitted a $40 million bid for the assets of Eclipse Aviation, former manufacturer of the Eclipse 500, that has passed an inspection by the bankruptcy court. It consists of $20 ...

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