Subject: This just in:
From: ACRE NL
Date: 11/28/2002, 7:56 AM


Tracy Crook wrote:

The inevitable just happened.

ECLIPSE TERMINATES ENGINE CONTRACT WITH WILLIAMS INTERNATIONAL ---
Eclipse Aviation Corporation has ended its relationship with Williams
International, developer of the EJ22 turbofan, the jet engine originally
chosen to power the Eclipse 500 jet. Eclipse is now in what it described
as
"late-stage discussions" with two "Fortune 100" engine suppliers to
replace
the power plant.
In a statement released November 27, Eclipse said development of the
EJ22 is
significantly behind schedule and all analyses indicate it will not meet
the
requirements of Eclipse 500 customers. The difficult decision to pull
the
plug came after comprehensive analysis by executive management, the
board of
directors, and an independent propulsion expert. It was determined that
the
EJ22 is not a viable solution for the Eclipse 500 aircraft and Williams
International had not met its contractual obligations.
http://www.eaa.org/communications/eaanews/021125_eclipse.html

Tracy Crook
tcrook@rotaryaviation.com
www.rotaryaviation.com


My prediction (as most of you that have been on here awhile already know)
is Eclipse will not be far behind and investors (depositors) will
be given the shaft.

Paul Lamar

Do you remember the "Fox Jet" ?  history often repeats itself. - Vance


 
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