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Article: United States : Eclipse bidder offers $40 million.
- Article from:
- TendersInfo
- Article date:
- August 7, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...