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operations from its remaining hangar. The company indicated at the time that new investors should stabilize its core business: maintenance, upgrades, and parts to the current fleet of 286 airplanes, then grow the business by restarting production of the EA550 and development the EA700. At the end of May 2018,
356:
On May 8, 2018, One
Aviation paid $ 162,000 and requested a financial agreement through its restructuring but on May 16, the city refused and served a notice of eviction. One Aviation promised immediate payment of the remaining $ 790,000, to leave its paint and production facilities, and to continue
371:
One
Aviation did not deliver any aircraft in 2018 or 2019, and had debts of nearly $ 200 million. A Chinese group, an investor in the company since October 2017, stepped in through Citiking International, following the Chapter 11 filing. At that point One Aviation had orders for 15 aircraft and was
368:. The company secured financing to carry on normal operations while it restructured, including support for the existing Eclipse 500/550 fleet and development of the Eclipse 700. The company did not respond to aviation media requests for whether it will continue development of the Kestrel or not.
328:
announced that it would commence legal action against the
Kestrel Aircraft division of One Aviation for failure to repay US$ 4M in loans, plus more in tax benefits, given to the company since 2012 to develop the K-350. Kestrel had repaid $ 865,490 of the $ 4M but had missed all payments since
337:
Also in
October 2017, the company was evicted from its Brunswick facility after falling more than a year behind on rent and laid off workers at all four locations, a move it said was part of transitioning production from the EA550 to the EA700. At the time, One Aviation was seeking external
395:, intends to purchase the assets of Eclipse Aerospace for $ 5.25M, including the Eclipse Aircraft project. The court hearing for the sale was held in November 2020, with objections from Citiking International US being heard. The Kestrel division of the company was not included in the bid.
333:
were tied to the creation of 600 jobs for production, but only one-tenth of that number were hired and $ 700,000 was credited. Kestrel received $ 9 million in federal tax credits instead of $ 90 million. The state was seeking $ 3.6 million in payments in April 2018.
274:. One Aviation had a unified management and business operation along with a single supply system and marketing and sales team, but the two previous manufacturing lines continued at their then-current locations:
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409:, saying that he had lost confidence in the company's management. AML Global will maintain support for all current Eclipse aircraft under the name Eclipse Aerospace, Inc., and
29:
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while it underwent operational restructuring. However, in
February 2021, it was reported that the Chapter 11 bankruptcy case was unsuccessful and had been converted to a
1296:
593:
741:
410:
936:
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By the time its assets were up for sale in
October 2020, Eclipse Aerospace and One Aviation combined had completed and sold a total of 33 aircraft, all of them
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production, to concentrate on the EA700. The first testbed for the aircraft's new wing was flown in
September 2017, mounted on an existing
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707:
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On
October 22, 2020 it was announced that Citiking was "ousted from the sale process" and that a United States-based company,
733:
305:
In 2016, One
Aviation announced that it was devoting its resources to developing an improved version of the Eclipse 550, the
589:
405:
In
February 2021, the bankruptcy court judge ended One Aviation's Chapter 11 reorganization effort and ordered it into
928:
764:
972:
346:
1055:
511:
361:, incorporated in Delaware seven months prior, settled all owed back rent, with $ 1,081,657 paid to the city.
259:, was named as the first CEO of One Aviation, with former Eclipse Aerospace CEO Mason Holland as Chairman.
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planning to deliver up to 50 a year by 2024. Its reorganization then included a post-Chapter 11
298:
The merger of Eclipse and Kestrel to form the new company was announced on 15 April 2015 at the
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973:"ONE Aviation Clears CFIUS Review for Acquisition by Citiking International US LLC"
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by an Eclipse 500 prototype, then serving as the Eclipse 700 wing testbed.
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ordered One Aviation and Eclipse Aerospace to vacate leased properties at
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On October 10, 2018, One Aviation announced it had voluntarily filed for
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but suspended the design in 2017 due to financial and legal challenges.
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of $ 17 million. On March 9, 2020, the acquisition was cleared by the
325:
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49:
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for Citiking International to become the new owner of the company.
200:, was a company formed in 2015 to merge the aircraft manufacturers
995:"AML Global Eclipse LLC to purchase the Eclipse Aircraft project"
1128:
796:"City of Albuquerque Serves Eviction Notice to One Aviation"
537:"Court Converts One Aviation Bankruptcy Case to Liquidation"
313:
project and in March 2017 announced that it would phase out
682:
1024:"AML Global Seeks To Buy Eclipse Aero Assets for $ 5.25M"
951:"US Clears Bankrupt One Aviation For Foreign Acquisition"
926:
847:"Eclipse Reaches Settlement To Continue Operating at ABQ"
685:"One Aviation Braces as Wisconsin Prepares Kestrel Suit"
1287:
Companies that filed for Chapter 11 bankruptcy in 2018
1292:
Companies that filed for Chapter 7 bankruptcy in 2021
413:
has bid for assets related to the Kestrel aircraft.
378:
Committee on Foreign Investment in the United States
1297:Companies that have filed for Chapter 7 bankruptcy
929:"Chinese Investor Rescues Eclipse, to Buy Company"
922:
920:
918:
1078:
1026:. Aviation International News. October 22, 2020.
531:
529:
349:or to reimburse $ 895,000 in back rent by May 8,
1253:
1018:
1016:
927:Molly McMillin; John Morris (October 15, 2018).
590:"Eclipse and Kestrel unite to form ONE Aviation"
539:. Aviation International News. February 19, 2021
1056:"Eclipse Assets May Be Sold For $ 5.25 Million"
1049:
1047:
1045:
915:
817:
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870:"One Aviation Enters Chapter 11 Restructuring"
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683:Mark Huber and Rob Finfrock (April 12, 2018).
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255:, the former CEO of Kestrel, and before that,
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329:November 2016. $ 20 million of state-backed
1277:Manufacturing companies established in 2015
1262:Aircraft manufacturers of the United States
722:
673:
1151:
1137:
1084:
893:"One Aviation Files Chapter 11 Bankruptcy"
824:"One Aviation Makes Appeal To Stay at ABQ"
622:"Eclipse and Kestrel Join as ONE Aviation"
619:
592:. General Aviation News. April 15, 2015.
495:
943:
806:from the original on September 10, 2018.
718:from the original on September 27, 2018.
382:United States Department of the Treasury
236:In October 2018, One Aviation filed for
177:
163:
222:from 2015–2018, and was developing the
18:Defunct American aerospace manufacturer
1272:American companies established in 2015
1254:
939:from the original on October 26, 2020.
615:
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570:from the original on September 8, 2019
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208:. The company had its headquarters in
1132:
1097:from the original on October 30, 2020
1085:Bertorelli, Paul (October 29, 2020).
1066:from the original on October 26, 2020
1053:
1030:from the original on October 24, 2020
1001:from the original on October 26, 2020
903:from the original on October 26, 2020
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775:from the original on October 26, 2020
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744:from the original on October 26, 2020
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661:from the original on October 26, 2020
652:
646:
634:from the original on October 26, 2020
983:from the original on August 8, 2020.
734:"Kestrel Stalls In Wisconsin, Maine"
560:"Eclipse, Kestrel Merge to Form ONE"
558:Haines, Thomas B. (April 15, 2015).
551:
1087:"Eclipse: Yet Another Resurrection"
961:from the original on June 10, 2020.
695:from the original on July 11, 2018.
608:
596:from the original on March 28, 2019
447:1 prototype wing design as of 2021
262:The company initially produced the
13:
880:from the original on June 4, 2020.
857:from the original on June 4, 2020.
834:from the original on June 4, 2020.
708:"Eclipse 700 Testbed Takes Flight"
706:Rob Finfrock (September 5, 2017).
514:from the original on June 24, 2020
482:Six seat, single-engine turboprop
14:
1308:
1267:2015 establishments in New Mexico
1113:
868:Rob Finfrock (October 10, 2018).
655:"Kestrel And Eclipse Join Forces"
620:Bergqvist, Pia (April 16, 2015).
347:Albuquerque International Sunport
1158:
1054:Niles, Russ (October 25, 2020).
891:Grady, Mary (October 10, 2018).
763:Grady, Mary (October 24, 2017).
732:Grady, Mary (October 12, 2017).
27:
987:
965:
884:
861:
838:
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756:
391:, owned by British businessman
341:On April 26, 2018, the City of
247:
845:Rob Finfrock (June 14, 2018).
699:
653:Grady, Mary (April 15, 2015).
479:1 proof-of-concept as of 2015
1:
1282:Companies based in New Mexico
822:Rob Finfrock (May 17, 2018).
765:"One Aviation Lays Off Staff"
488:
359:Citiking International US LLC
338:partnerships and investment.
324:In October 2017 the state of
226:. It was also developing the
794:Rob Finfrock (May 3, 2018).
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309:. The company suspended the
7:
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10:
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466:Six seat, twin-engine jet
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450:Six seat, twin-engine jet
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215:One Aviation produced the
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1120:Official website archives
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194:One Aviation Corporation
411:Nautical Hero Group LLC
276:Albuquerque, New Mexico
210:Albuquerque, New Mexico
95:Albuquerque, New Mexico
84:Eclipse Aerospace, Inc.
389:AML Global Eclipse LLC
189:
175:
933:Aviation Week Network
502:ONE Aviation (2020).
407:Chapter 7 liquidation
366:Chapter 11 bankruptcy
302:aviation trade show.
282:for the Eclipse, and
242:Chapter 7 liquidation
238:Chapter 11 bankruptcy
181:
167:
75:Chapter 7 liquidation
997:. October 22, 2020.
393:Christopher Harborne
300:AERO Friedrichshafen
116:Steve Serfling (COO)
284:Superior, Wisconsin
23:
957:. March 12, 2020.
231:turboprop aircraft
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187:turboprop aircraft
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21:
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1184:Eclipse Aerospace
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979:. March 9, 2020.
977:Paul Hastings LLP
975:(Press release).
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441:(Project Canada)
290:for the Kestrel.
280:Chicago, Illinois
212:, United States.
202:Eclipse Aerospace
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1160:One Aviation
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1099:. Retrieved
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1003:. Retrieved
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663:. Retrieved
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636:. Retrieved
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541:. Retrieved
516:. Retrieved
507:
504:"Leadership"
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248:Organization
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198:ONE Aviation
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171:twin engine
90:Headquarters
36:Company type
22:One Aviation
15:
1205:Eclipse 400
1124:archive.org
1101:October 30,
1070:October 26,
1034:October 23,
1005:October 23,
907:October 12,
779:October 26,
748:October 13,
518:October 26,
460:March 2013
456:Eclipse 550
439:Eclipse 700
424:Model name
400:Eclipse 550
343:Albuquerque
331:tax credits
319:Eclipse 500
315:Eclipse 550
307:Eclipse 700
264:Eclipse 550
224:Eclipse 700
217:Eclipse 550
169:Eclipse 550
125:Eclipse 550
1256:Categories
874:AIN online
851:AIN online
828:AIN online
800:AIN online
489:References
476:July 2006
321:fuselage.
107:Key people
1178:(History)
1167:Companies
665:April 17,
657:. AVweb.
638:April 18,
326:Wisconsin
244:process.
136:Divisions
80:Successor
50:Aerospace
1241:PhostrEx
1198:Aircraft
1095:Archived
1064:Archived
1028:Archived
999:Archived
981:Archived
959:Archived
937:Archived
901:Archived
878:Archived
855:Archived
832:Archived
804:Archived
773:Archived
742:Archived
716:Archived
693:Archived
659:Archived
632:Archived
594:Archived
568:Archived
543:March 4,
512:Archived
417:Aircraft
402:models.
156:Archives
121:Products
46:Industry
600:May 21,
574:May 21,
380:of the
351:secured
294:History
270:of the
151:Website
64:Defunct
56:Founded
40:Private
627:Flying
1091:AvWeb
1060:AVweb
897:AVweb
769:AVweb
738:AVweb
433:Type
114:(CEO)
1103:2020
1072:2020
1036:2020
1007:2020
955:AOPA
909:2018
781:2017
750:2017
667:2015
640:2015
602:2015
576:2015
564:AOPA
545:2021
520:2020
286:and
278:and
204:and
192:The
143:and
72:Fate
67:2021
59:2015
1220:700
1215:550
1210:500
1122:on
712:AIN
689:AIN
173:VLJ
1258::
1093:.
1089:.
1062:.
1058:.
1044:^
1015:^
953:.
935:.
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510:.
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127:,
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1152:e
1145:t
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522:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
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