Eclipse Aviation Receives First Funds in New Round of Financing; Founder Vern Raburn Steps Down as President/CEO; Roel Pieper Takes on CEO Role

OSHKOSH, WI – July 28, 2008 – Eclipse Aviation, manufacturer of the world’s first very light jet (VLJ), today announced it has received first funds in a new round of financing that will take the company to cash flow positive. Under the terms of...

Eclipse Aviation is the world’s leading very light jet (VLJ) manufacturer, producing innovative, affordable jets that are revolutionizing air transportation. The company created the VLJ category with the design, certification and delivery of the Eclipse 500® — the industry's first VLJ. Eclipse applies advances in technology, manufacturing processes and business practices to create high-performance aircraft that provide the lowest cost of jet ownership ever achieved. By changing the value proposition for private jet travel, Eclipse is allowing more pilots to enter the world of jet-powered aviation and enabling a new generation of entrepreneurs to help business travelers move between cities on a quick, affordable and convenient basis. Contact Eclipse at

Eclipse Aviation Corporation, Eclipse, Eclipse 400, Eclipse 500, and Eclipse 500 Jet are trademarks of Eclipse Aviation Corporation ETIRC Aviation, ETIRC are trademarks of ETIRC Aviation S.a.r.l. registered in Luxembourg.

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