Eclipse Aviation completed its fourth round of private equity funding of $18 million, bringing the company's total funding to date to $238 million. The capital, which was raised from a group of undisclosed private investors, puts the Eclipse 500 program in a comfortable financial situation, said Vern Raburn, Eclipse president and CEO. The first Eclipse 500 was rolled out earlier this month and the aircraft is on track for certification in late 2003 (BA, July 15/21). In addition ...
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