Eclipse Aerospace Announces Introduction of the Total Eclipse(R)

ALBUQUERQUE, N.M., March 29 /PRNewswire/ -- Eclipse Aerospace, Inc. (EAI) today announced that it is rolling out a new factory refurbishment program entitled "Total Eclipse®" for new customers to purchase and experience the world's only certified twin-engine Very Light Jet. The Total Eclipse program marks the completion of the final design of the original EA500 aircraft.

Delivering On a Compelling Vision

In September 2009, Eclipse Aerospace embarked on a mission to finish the design and promised capabilities of the breakthrough Eclipse 500. Since acquisition of the company, Eclipse Aerospace has been investing in, and completing the design and certification of, the original EA500 jet, which now includes FIKI (Flight Into Known Icing) and GPS coupled autopilot.

"Leading the way to a new generation of aircraft, the EA500 is a sophisticated, high-performance, economic twin jet with low operating costs, low environmental impact and uncompromised safety," said Mason Holland, Chairman and President of Eclipse Aerospace. "In their rush to deliver the aircraft, the former manufacturer of the EA500 [Eclipse Aviation Corporation] delivered to owners an aircraft that was only about 85 percent complete. These aircraft were great performers, but still lacked several important features. We now have completed the design and engineering of the EA500."

Eclipse Aerospace has re-engaged major suppliers of the aircraft's components and systems. EAI, now with over 100 engineers and technicians, continues to develop new features and increased functionality that will be included in the next version of the aircraft when production eventually resumes.

Don't Wait, Fly a Total Eclipse Now

Total Eclipse program customers can buy a fully configured EA500 aircraft that encompasses all currently available features and functionality. Specific components will include flight to 41,000 feet, 20,000 cycle airframe life and an on-board color radar, electronic moving maps and eCharts (Jeppesen) all presented directly on the EA500 multifunction display. Every Total Eclipse, priced at $2.15 million, also includes a factory warranty. For a limited number of "early buyers" each Total Eclipse purchase also comes with a guaranteed buy-back provision. With this guarantee, EAI will agree to repurchase the aircraft for a guaranteed amount which can be applied towards a first year production slot when EA500 manufacturing resumes.

Trade-in Opportunity for Existing Customers

Existing EA500 owners may also take advantage of the Total Eclipse program. For a limited time, Eclipse Aerospace plans to offer trade-in credits for used EA500 aircraft ranging from $1 - 1.7 million depending on the condition and features of the aircraft presented for trade in.

"The Total Eclipse program is the most comprehensive and important action we have taken to date as we expand our support for EA500 owners," said Holland. "The people who own and fly the initial fleet of 260 EA500 aircraft are the innovators of the very light private jet aircraft market. They have recognized the great performance, unparalleled value and high utility of this fantastic jet. We are proud that with this announcement, Eclipse Aerospace is delivering on the full promise of the Eclipse 500."

Additional information about the Total Eclipse program, including a full list of benefits and features, is available at www.eclipseaerospace.net or by calling 877-375-7978.

About Eclipse Aerospace, Inc.

Eclipse Aerospace, Inc. (www.eclipseaerospace.net) began full operations to support the fleet of 260 Eclipse 500 Jet aircraft. Adhering to the motto "Customers First," Eclipse Aerospace is focused on providing a superior customer experience for existing and future owners, operators and pilots of the revolutionary Eclipse 500 aircraft by providing factory upgrades to deliver robust, fully functional and feature rich Eclipse 500 aircraft. Eclipse Aerospace corporate offices are based in Charleston, SC. Principal operations are located in Albuquerque, N.M., and Chicago, Ill.

    
    
    CONTACT
    -------
    Eclipse Aerospace:      Joy Capps
    Phone:                  843.375.4950 / 843.991.9276
    E-mail:                 joy.capps@eclipseaerospace.net

SOURCE Eclipse Aerospace, Inc.



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