New life possible for Eclipse Aviation

A NEW FUTURE FOR AN OLD ALBUQURQUE COMPANY THAT LAID OFF HUNDREDS PLANS ARE IN THE WORKS TO REVIVE THE OLD ECLIPSE AVIATION AS A NEW COMPANY — ECLIPSE AEROSPACE THE CITY ANNOUNCED THE DEAL TODAY VALERIE CASTRO IS LIVE AT CITY HALL ON THE ECONOMYWATCH VALERIE ECLIPSE AEROSPACE IS MADE UP OF SEVERAL PEOPLE THAT WERE INVOLVED WITH THE OLD COMPANY AND THE CITY TELLS US THE NEW COMPANY COULD BE HIRING BACK SOME OF THE LAID OFF WORKERS AS WELL ECLIPSE AVIATION DECLARED BANKRUPTCY WHEN IT COULD NO LONGER BUILD AND SERVICE IT S VERY LIGHT JETS ECLIPSE AEROSPACE HAS SUBMITTED A BID FOR THE OLD COMPANY AND PUT DOWN 5 MILLION DOLLARS IN ERNEST MONEY A MOTIONS HEARING IN BANKRUPTCY COURT WILL BE HELD ONE WEEK FROM MONDAY — IF THE BID GOES THROUGH A CLOSING IS SCHEDULED FOR AUGUST 24TH MAYOR CHAVEZ SAYS HE S BEEN TOLD THE COMPANY COULD BE HIRING BACK HUNDREDS OF OLD ECLIPSE EMPLOYEES CHAVEZ SAYS HE ALSO BELIEVES THE COMPANY WILL BE MAKING THE SAME LIGHT WEIGHT JETS THE CITY IS ALREADY MAKING PLANS TO LEASE THE OLD ECLIPSE BUILDINGS AT THE SUNPORT AND DOUBLE EAGLE AIRPORTS TO THE NEW COMPANY LIVE AT CITY HALL VC EWN4 ECLIPSE LAID OFF IT S MORE THAN 800 WORKERS AND CLOSED FOR GOOD AT THE BEGINNING OF THE YEAR THAT WAS AFTER THE COMPANY HAD TROUBLE MAKING PAYROLL LATE LAST YEAR — AND FILED FOR CHAPTER ELEVEN BANKRUPTCY PROTECTION IN FEBRUARY IT FILED CHAPTER