For the past several weeks, many of you have been waiting for the news that Eclipse Aviation has delivered the first production aircraft (AC1) after being awarded a Certificate of Airworthiness (C of A). That important milestone event has not yet taken place and in turn, this may be impacting your confidence that Eclipse can perform, and more importantly meet the schedules we have projected for delivering your aircraft. Some of you have specifically asked whether it will still be appropriate for us to invoice for the upcoming 60% progress payment due for aircraft scheduled to be delivered through June 30, 2007. The following letter addresses this question and other issues surrounding our transformation from a development company to a production company.
This is a companion discussion topic for the original entry at https://www.avweb.com/features/eclipse-aviation-customer-investor-update-11-27-06