Even from its Chapter 7 grave, Eclipse Aviation, maker of the now infamous Eclipse 500, continues its grim legacy, as Cirrus chairman Alan Klapmeier recently found out....
Klapmeier over the past few months has been out shopping for private equity to create a new company to finish development of the Cirrus Vision SF50 personal jet. What's on investors minds?
"Fairly quickly in conversations with investors, the statement, 'Hasn't Eclipse proven this can't be done?' comes up. It's always an obstacle that must be explained," says Klapmeier.
"I would have much preferred that Eclipse was successful and people ask how we would compete."