22 Nov 2025, 07:49 [ UTC - 5; DST ]
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Post subject: Re: Why Some are selling their Eclipse Posted: 26 Nov 2015, 18:14 |
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Joined: 08/26/15 Posts: 10037 Post Likes: +10032 Company: airlines (*CRJ,A320) Location: Florida panhandle
Aircraft: Travel Air,T-6B,etc*
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Username Protected wrote: Now listen to it this way.
[youtube]https://youtu.be/I5HrsZFdfh8[/youtube] Back atcha- now watch it this way. [youtube]https://youtu.be/fsgWUq0fdKk[/youtube]
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Post subject: Re: Why Some are selling their Eclipse Posted: 26 Nov 2015, 18:46 |
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Joined: 12/03/14 Posts: 20757 Post Likes: +26241 Company: Ciholas, Inc Location: KEHR
Aircraft: C560V
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Username Protected wrote: I heard directly from the President of Eclipse that he was worried about the non upgraded planes. Smoke screen. The real story is that he wants to sell new jets to the owners of older Eclipse. If he was that worried about the early Eclipse, he could find a way to upgrade them for a reasonable sum and still make money. Otherwise, a plane that the pilots avoid ice doesn't sound more dangerous than one where they are told they can fly through it. In any case, the accident record suggests this is a ridiculous worry. Withholding the life extension is a purely business decision and has nothing to do with safety or technical concerns. This should tell any prospective Eclipse buyer all they need to know about the company and how it will manipulate the rules to their advantage and not the owners. You don't buy an airplane, you buy an airplane ecosystem, and the company behind it is important. They have only one reliable source of revenue, the existing captured owners, and they can manipulate the rules to extract revenue as needed. Mike C.
_________________ Email mikec (at) ciholas.com
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Post subject: Re: Why Some are selling their Eclipse Posted: 26 Nov 2015, 21:20 |
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Joined: 04/26/13 Posts: 21916 Post Likes: +22577 Location: Columbus , IN (KBAK)
Aircraft: 1968 Baron D55
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Username Protected wrote: Except they aren't captured. There's probably a bigger chance the owners of the orphaned aircraft are so pissed off they will never give Eclipse their new business, just out of pure principle. So if the CEO thinks he'll get their business by forcing them to buy a new one, he's gravely mistaken. It sounds like he doesn't care if the current owners buy new Eclipse jets, only that he gets their airframes to rebuild and sell to someone he hasn't already screwed.
_________________ My last name rhymes with 'geese'.
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Post subject: Re: Why Some are selling their Eclipse Posted: 27 Nov 2015, 14:01 |
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Joined: 10/31/14 Posts: 560 Post Likes: +268
Aircraft: eclipse
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Your comments might make sense if you actually owned an Eclipse or had a bad experience with them.
Let me tell you Eclipse's latest action. It turns out that part of the landing gear has been defectively machined in some airplanes.
Eclipse's response to this news is that they will inspect the whole fleet and make any repairs required for free.
1st class and I would like to know what other manufacture would treat the owners this well.
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Post subject: Re: Why Some are selling their Eclipse Posted: 27 Nov 2015, 14:05 |
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Joined: 11/03/08 Posts: 16904 Post Likes: +28712 Location: Peachtree City GA / Stoke-On-Trent UK
Aircraft: A33
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Username Protected wrote: Your comments might make sense if you actually owned an Eclipse or had a bad experience with them.
Let me tell you Eclipse's latest action. It turns out that part of the landing gear has been defectively machined in some airplanes.
Eclipse's response to this news is that they will inspect the whole fleet and make any repairs required for free.
1st class and I would like to know what other manufacture would treat the owners this well. I would say all of them. The case as you've described it seems like a very basic level of product support.
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Post subject: Re: Why Some are selling their Eclipse Posted: 27 Nov 2015, 14:58 |
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Joined: 10/31/14 Posts: 560 Post Likes: +268
Aircraft: eclipse
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Jeff, Can you site a case where a company bought the assets of a bankrupt company and then spent money on the product produced by the bankrupt company?
As far as I know that's why you buy just the assets you lose all the liabilities the old company had.
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Post subject: Re: Why Some are selling their Eclipse Posted: 27 Nov 2015, 15:35 |
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Joined: 11/03/08 Posts: 16904 Post Likes: +28712 Location: Peachtree City GA / Stoke-On-Trent UK
Aircraft: A33
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Username Protected wrote: Jeff, Can you site a case where a company bought the assets of a bankrupt company and then spent money on the product produced by the bankrupt company?
As far as I know that's why you buy just the assets you lose all the liabilities the old company had. yes, the company I work for has done that with dozens of acquisitions that I'm aware of and surely countless more that I don't know about. Remedying a manufacturing defect is as basic as it gets. I would expect that and a lot more.
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Post subject: Re: Why Some are selling their Eclipse Posted: 27 Nov 2015, 16:17 |
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Joined: 10/31/14 Posts: 560 Post Likes: +268
Aircraft: eclipse
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Jeff, Please give me the details I want to learn. I have never heard or read about what you are describing happening.
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Post subject: Re: Why Some are selling their Eclipse Posted: 27 Nov 2015, 16:26 |
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Joined: 11/03/08 Posts: 16904 Post Likes: +28712 Location: Peachtree City GA / Stoke-On-Trent UK
Aircraft: A33
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Username Protected wrote: Jeff, Please give me the details I want to learn. I have never heard or read about what you are describing happening. I don't know what you are asking for. Why don't you ring up your local yellow dealer about a problem with your mining shovel, locomotive, or ship engine and tell us what kind of service you get.
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Post subject: Re: Why Some are selling their Eclipse Posted: 27 Nov 2015, 16:32 |
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Joined: 04/26/13 Posts: 21916 Post Likes: +22577 Location: Columbus , IN (KBAK)
Aircraft: 1968 Baron D55
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Username Protected wrote: Your comments might make sense if you actually owned an Eclipse or had a bad experience with them.
Let me tell you Eclipse's latest action. It turns out that part of the landing gear has been defectively machined in some airplanes.
Eclipse's response to this news is that they will inspect the whole fleet and make any repairs required for free.
1st class and I would like to know what other manufacture would treat the owners this well. Any manufacturer who didn't want to deal with class action lawsuits and/or liability issues down the road. What you describe makes sense whether you are customer focused or incredibly self-centered.
_________________ My last name rhymes with 'geese'.
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Post subject: Re: Why Some are selling their Eclipse Posted: 27 Nov 2015, 16:49 |
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Joined: 10/31/14 Posts: 560 Post Likes: +268
Aircraft: eclipse
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Username Protected wrote: Jeff, Please give me the details I want to learn. I have never heard or read about what you are describing happening. I don't know what you are asking for. Why don't you ring up your local yellow dealer about a problem with your mining shovel, locomotive, or ship engine and tell us what kind of service you get.
Jeff, Sorry for not being clear.
I am looking for an example where a company declared chapter 7 an asset sale.
Then another company bought those assets. And then spent money on the products the former company produced.
The advantage of an asset sale is that you have no liabilities from the old company.
You said this happens all the time name a company.
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Post subject: Re: Why Some are selling their Eclipse Posted: 27 Nov 2015, 16:55 |
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Joined: 10/31/14 Posts: 560 Post Likes: +268
Aircraft: eclipse
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Username Protected wrote: Your comments might make sense if you actually owned an Eclipse or had a bad experience with them.
Let me tell you Eclipse's latest action. It turns out that part of the landing gear has been defectively machined in some airplanes.
Eclipse's response to this news is that they will inspect the whole fleet and make any repairs required for free.
1st class and I would like to know what other manufacture would treat the owners this well. Any manufacturer who didn't want to deal with class action lawsuits and/or liability issues down the road. What you describe makes sense whether you are customer focused or incredibly self-centered.
John, See if this makes sense to you.
I have a company with machinery that goes bankrupt.
You buy my equipment at auction.
Turns out that I made some bad stuff and sold it to Jeff.
Are you saying that you would be responsible to Jeff for my actions?
Does this make sense now? Eclipse is taking on responsibility for the old Eclipse's defect.
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Post subject: Re: Why Some are selling their Eclipse Posted: 27 Nov 2015, 17:06 |
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Joined: 04/26/13 Posts: 21916 Post Likes: +22577 Location: Columbus , IN (KBAK)
Aircraft: 1968 Baron D55
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Username Protected wrote: I have a company with machinery that goes bankrupt.
You buy my equipment at auction.
Turns out that I made some bad stuff and sold it to Jeff.
Are you saying that you would be responsible to Jeff for my actions?
Does this make sense now? Eclipse is taking on responsibility for the old Eclipse's defect. OK, now I'm on board (must have been too much turkey). No, New Eclipse would not be responsible for Old Eclipse's defect. So, why then do they care about the lifespan of the Old Eclipse airframes?
_________________ My last name rhymes with 'geese'.
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Post subject: Re: Why Some are selling their Eclipse Posted: 27 Nov 2015, 17:09 |
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Joined: 08/26/15 Posts: 10037 Post Likes: +10032 Company: airlines (*CRJ,A320) Location: Florida panhandle
Aircraft: Travel Air,T-6B,etc*
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Username Protected wrote: Sorry for not being clear.
I am looking for an example where a company declared chapter 7 an asset sale.
Then another company bought those assets. And then spent money on the products the former company produced.
The advantage of an asset sale is that you have no liabilities from the old company.
You said this happens all the time name a company. SkyStar did that (kitplane company, held the rights to the Kitfox line for several years). They filed for Chapter 7 (liquidation) and went out of business, leaving me and a lot of other customers high and dry with fully-paid but partially-delivered kits. Another company bought up their tangible assets and intellectual property and then brought most of the product line back to market. I'm pretty sure the new company didn't assume any of the liabilities (financial liabilities; non-financial, well, that's probably case-by-case up to the legal system) but they have done a pretty good job supporting the grassroots customers.
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