Eclipse Aviation files for bankruptcy

A MAJOR ALBUQUERQUE EMPLOYER MAKES A BIG ANNOUNCEMENT TODAY. ECLIPSE AVIATION HAS FILED CHAPTE...  More »

A MAJOR ALBUQUERQUE EMPLOYER MAKES A BIG ANNOUNCEMENT TODAY. ECLIPSE AVIATION HAS FILED CHAPTER 11 BANKRUPTCY HOPING FOR COURT APPROVAL TO RESTRUCTURE AMID ECONOMIC TURMOIL. ANTOINETTE ANTONIO JOINS US LIVE WITH OUR TOP STORY. WE'VE BEEN OUT HERE AT ECLIPSE ALL MORNING LONG SINCE THE NEWS BROKE... AND WORKERS, NATURALLY, ARE BEING VERY QUIET ABOUT THE SITUATION. 'hi do you work at eclipse? we just wanna know what you're being told... Is everything ok? Or are you worried?' WE WERE ABLE TO GET A FEW WORDS OUT OF ONE MAN WHO SAID HE WAS A CONSULTANT FOR ECLIPSE AND USED TO BE A VICE PRESIDENT FOR THE COMPANY... ALL HE WOULD TELL US IS THAT PEOPLE INSIDE ARE WORRIED. BUT AN ECLIPSE SPOKESWOMAN TOLD ME OFF-CAMERA THAT PEOPLE HERE STILL HAVE THEIR JOBS... STILL HAVE THEIR BENEFITS... AND THEY WILL GET THEIR PAYCHECKS. ECLIPSE... WHICH MAKES VERY LIGHT JETS .. HAS BEEN STRUGGLING IN RECENT MONTHS. THIS MORNING THE COMPANY FILED CHAPTER 11 BANKRUPTCY... AND ANNOUNCED THAT AN AFFILIATE OF E-TIRC AIVIATION .. ECLIPSE'S LARGEST SHAREHOLDER... HAS MADE AN OFFER TO BUY ECLIPSE. JUST A FEW WEEKS AGO ECLIPSE WAS LATE IN MAKING PAYROLL. IT ALSO FACES A DOZEN LAWSUITS FROM CUSTOMERS... AFTER THE COMPANY RAISED THE PRICE OF THE EXLIPE 500 IN JUNE. ECLIPSE OFFICIALS SAY FILING FOR CHAPTER 11 WILL KEEP THE COMPANY AFLOAT IN THE MEANTIME... UNTIL IT'S OFFICIALLY SOLD WHICH SHOULD BE BY JANUARY OF NEXT YEAR. LIVE AT ECLIPSE ...AA.. EWN4.  « Less