Or worse cratering at this point, while a welcome vindication for some, WOULD be bad for everyone as you (flightcenter) point out.
Bad for the employees who have no doubt sacrificed so much (their health, time with their families, career advancement elsewhere, putting up with childish tantrums and obscenity laden outbursts from the CEO); bad for suppliers who have tooled and staffed up and invested their own resources to support the outlandish production predictions; the taxpayers of New Mexico who have been conned into funnelling millions in hard investment and tens of millions in softer subsidies into the scheme; even more established and reliable companies like Cessna, Embraer, Diamond and Cirrus will be effected - because Eclipse has, through its' amazingly effective manipulation of the media, become 'THE' VLJ - despite the reality of a very crowded marketplace with some far more experienced and capable and reliable companies. Every time someone does something stupid in aviation (land 340 on highway - disappear in a Decathalon) all of us suffer - we are labelled as cavalier playboys with more money than sense. Only this time we are not dealing with an avoidable crash of a single plane, we are facing the avoidable crash of an entire company that will effect thousands of lives all around the world directly, and put a black eye on our industry when we can ill afford it.
I for one have deliberately used terms such as Ponzi scheme because I think that is what Eclipse has been for the past 2 or 3 years. I believe that Eclipse's senior management has been aware of the inability to deliver on the promises for some time and they have been working to create a situation (or at least drag the current situation out long enough) for a white knight to step in and save them from themselves (and still allow their options to be worth something). I believe they intended to build a company and a a plane to be proud of when they started out - but ego got in the way, and they have been unable to face up to the situation they are in for so long now that only a wholesale restructuring of the BoD (who continue to demonstrate they are not going to do anything) and the Executive team (incompetent does not even begin to describe) might allow for Eclipse to snatch victory from the jaws of defeat.
The hard reality is that they have burned a Billion plus to design, redesign, and design again, a small airplane that is not the cutting edge technological tour-de-force it was supposed to be, and they have struggled to manufacture and deliver even 5 dozen planes - having had a 12-18 month head start on many of them according to the company's own statements.
No one in their right mind would want to take on the liabilities of 1000 defrauded depositors, let alone a sister-company of sorts with a billion dollar business plan and no way to make it happen (in their minds anyway). There is simply not enough real value in the tools, methods, infrastructure or IP at Eclipse to justify that IMO.
To his credit, Vern has pulled more rabbits out of his, ummmm, hat, than I would have believed possible before his appearance on the scene so it is always dangerous to count him out - but you have to wonder if they have already picked the pockets, I mean low hanging fruit in terms of aircraft sales, surely they have done the same in the financial world (to the point they almost went TU just a couple months ago.
Gunner pointed out that Mike Press suggested in a recent post that September or October were make or break time and that deliveries needed to ramp up - that did not happen, now the VP Engineering has left, and 10% of the workforce got laid off.
Taken in context with the drastic measure announced earlier this year (come on, color copies and FedEx were too expensive?), the near bankruptcy a couple months ago, and the obvious failure to sell anywhere near enough aircraft in any given year to even approach their breakeven point - how long before Eclipse's announces signficiant restructuring?
A Saturday morning reality check from ColdWetMackarelofReality.