NM B I Z B U Z Z : the Business of New Mexico

from Forbes, January 2005
Cheap Jet Update
Thus bizjets remain inefficiently manufactured; costs and prices remain high; and the pool of buyers stays small. We have here a classic case of self-fulfilling prophecy. Eclipse Aviation of Albuquerque, N.M. looks like a good bet to end this streak and inject some needed revolution into the field.
Last month the Eclipse 500, a four-passenger jet, was due to take a test flight with its new Pratt & Whitney 610F engines. .....Certification and delivery of the Eclipse 500 is now expected in 2006.
Here's the revolution: The Eclipse 500 will cost about $1.3 million--about half the cost of the rival four-passenger Cessna Mustang, also due out in 2006.
Full story (free registration required)

1:04 PM