The Albuquerque Journal is reporting that One Aviation has attracted new investors, wants to resume building airplanes and is offering to pay most of its back rent to the City of Albuquerque as part of its restructuring process. In a May 17 letter to the city obtained by the Journal, Mike Wyse, the new chairman of the board of directors of One Aviation, offered to pay $790,000 of the $865,000 the city says it's owed and move into a single hangar from the three it now occupies. It also intends to restart the Eclipse EA550 production line, which shut down in 2017. "We have acquired new investors who want to stabilize our core business," the Journal reported Wyse as writing in the letter. "Our goal is to remain at the Albuquerque International Sunport and be a long-term partner with the city." The company is currently under eviction notice.
This is a companion discussion topic for the original entry at https://www.avweb.com/recent-updates/business-military/one-aviation-wants-to-resume-ea550-production