More reassuring news: new life for Eclipse?

This news has been brewing for weeks, but it appears to have reached a critical point. The assets of the ill-fated Eclipse Aviation company, whose rise is described here and here, and demise here and here, may be sold at auction today to a new group of investors doing business as Eclipse Aerospace. The head of the new company, Mason Holland of South Carolina, was a deposit-holder for an Eclipse jet when the company went under. (He also owned and flew a Cirrus propeller airplane, and I know him slightly through the Cirrus pilots' organization.)

The Eclipse jet was to be the backbone of a new small-jet air-taxi network. Operating on what is often known as the "second mouse gets the cheese" principle, Holland appears to be interested in retaining what was valuable about the airplane's design, after the wreck of the original company's finances. More background on the sale here, here, and here. Interviews with Mason Holland here and here. Good luck!

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James Fallows is a national correspondent for The Atlantic and has written for the magazine since the late 1970s. He has reported extensively from outside the United States and once worked as President Carter's chief speechwriter. His latest book is China Airborne. More

James Fallows is based in Washington as a national correspondent for The Atlantic. He has worked for the magazine for nearly 30 years and in that time has also lived in Seattle, Berkeley, Austin, Tokyo, Kuala Lumpur, Shanghai, and Beijing. He was raised in Redlands, California, received his undergraduate degree in American history and literature from Harvard, and received a graduate degree in economics from Oxford as a Rhodes scholar. In addition to working for The Atlantic, he has spent two years as chief White House speechwriter for Jimmy Carter, two years as the editor of US News & World Report, and six months as a program designer at Microsoft. He is an instrument-rated private pilot. He is also now the chair in U.S. media at the U.S. Studies Centre at the University of Sydney, in Australia.

Fallows has been a finalist for the National Magazine Award five times and has won once; he has also won the American Book Award for nonfiction and a N.Y. Emmy award for the documentary series Doing Business in China. He was the founding chairman of the New America Foundation. His recent books Blind Into Baghdad (2006) and Postcards From Tomorrow Square (2009) are based on his writings for The Atlantic. His latest book is China Airborne. He is married to Deborah Fallows, author of the recent book Dreaming in Chinese. They have two married sons.

Fallows welcomes and frequently quotes from reader mail sent via the "Email" button below. Unless you specify otherwise, we consider any incoming mail available for possible quotation -- but not with the sender's real name unless you explicitly state that it may be used. If you are wondering why Fallows does not use a "Comments" field below his posts, please see previous explanations here and here.

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