Eclipse to assemble jets in Russia in 2009...

Click Here ETIRC Aviation – a Dutch company that represents Eclipse Aviation Corp. in Eastern Europe – has agreed to invest more than $100 million in the Albuquerque maker of very light jets. Press Release

Is Eclipse on the verge of bankruptcy? I heard they were in the red pretty deep.

They were hurting, but raised an extra 65 million USD in private equity financing in December, and another 100 million USD in long term financing announced today. That was in addition to the 60 million USD they had already raised.

Apparently the cost to certify the Eclipse comes to around 300 hundred million USD!!!

Plus they delivered 103 airplanes in their first year of deliveries.