Eclipse 550 Jet is "Powered Up" on Its Way to First Delivery: Eclipse Aerospace maintains schedule for first aircraft delivery, projected to occur in Q3 2013

Albuquerque, NM, Mar 18, 2013 (GLOBE NEWSWIRE via COMTEX) -- Eclipse Aerospace, Inc. celebrates a major production milestone - the first power up of the new production Eclipse 550 Twin-Engine Jet. The first production Eclipse 550 aircraft successfully powered up its two Pratt & Whitney PW610F engines, and the aircraft systems came on line today at the company's facility in Albuquerque, N.M.

Eclipse Aerospace officially restarted the Eclipse Jet aircraft production line last June and continues to track for delivery of the first new Eclipse 550 series aircraft in the third quarter of this year. Built upon the same proven airframe as the Eclipse 500 aircraft, the new Eclipse 550 series is enhanced by additional technologies including a dual and redundant integrated flight management system and independent standby displays all powered by advanced microprocessors.

"What a great accomplishment by our entire team at Eclipse," said Mason Holland, CEO of Eclipse Aerospace. "This event is another key signal to the world that we continue on our methodical and well executed plan to reintroduce production and delivery of the Eclipse 550 Jet this year."

The operation of the current fleet of over 260 Eclipse twin-engine jets have already garnered a reputation as one of the most technologically advanced, safe, and fuel-efficient jets in general aviation. The Eclipse 550 will be powered by the same PW610F turbofan engines as are used in the EA-500, which collectively produce 1,800 lbs. of thrust. This gives the 6,000 lb. Eclipse Jet a maximum cruise speed of 375 knots and a maximum IFR range of 1,300 nm with a 45-minute fuel reserve. Like the EA-500, the Eclipse 550 will have a maximum service ceiling of 41,000 ft. and a cruise fuel flow of only 59 gal/hr.

"The global markets are improving, sales activity and orders continue to grow, and the Eclipse Jet is priced extremely competitively as the only jet available in the world for less than three million US dollars," stated Holland. "This attractive acquisition price coupled with our industry leading operating costs of only $1.69 per nautical mile makes the Eclipse Jet a great value for our owner flown customers as well as Corporations and Governments alike."

Eclipse 550 customers will also be able to customize their aircraft with new features including; auto-throttles, synthetic vision, enhanced vision, satellite phones, custom interiors, and anti-skid brakes.

About Eclipse Aerospace, Inc.

Eclipse Aerospace, Inc. is the manufacturer of the Eclipse 550 twin-engine jet, the most fuel-efficient jet in the world. Eclipse also provides engineering, maintenance, service, and support for the fleet of 260 Eclipse 500 Twin-Engine Jet aircraft. Adhering to the motto "Customer First," Eclipse Aerospace is focused on providing a superior customer experience for existing and future owners, operators, and pilots of the revolutionary Eclipse Jet aircraft. Eclipse Aerospace corporate offices are based in Charleston, S.C. Principle operations are located in Albuquerque, N.M. and Chicago, Ill. Eclipse Aerospace is located on the web at www.ECLIPSE.aero.

Source:  http://www.marketwatch.com