Prospective Eclipse buyer reveals strategy

INTERESTED IN BUYING UP A BANKRUPT ECLIPSE AVIATION FLEW INTO CUTTER AVIATION AT THE SUNPORT THIS AFTERNOON PHILLIP FRIEDMAN HAS FORMED A COMPANY CALLED NEW ECLIPSE TO BUY THE OLD ECLIPSE OFF THE SCRAP-HEAP — AND START SELLING THEIR JETS AGAIN VALERIE CASTRO IS LIVE AT ECLIPSE AVIATION WITH WHAT IT ALL MEANS — VALERIE PHILLIP FRIEDMAN IS CURRENTLY THE CEO OF A KANSAS AEROSPACE COMPANY BUT HE SAYS HE S EXCITED ABOUT BIDDING ON ECLIPSE AND POSSIBLY BRINGING SOME OF ITS LAID OFF WORKERS BACK INTO THE FOLD FRIEDMAN FLEW INTO CUTTER AVIATION THIS AFTERNOON AND PLANS TO MEET WITH BOTH ECLIPSE OFFICIALS AND THE CITY OF ALBUQUERQUE FRIEDMAN SAYS ECLIPSE TRIED TOO HARD TO MAKE A PROFIT ON SELLING A LARGE NUMBER OF JETS AT A CHEAP PRICE HE SAYS HE HAS PLANS FOR A SMALLER COMPANY THAT WILL MAKE FEWER AIRCRAFT BUT WILL BE ABLE TO COMPETE WITH OTHER JET MAKERS LIKE CESSNA That will help the suppliers the employees will be more secure in their jobs we won t have as many or as grand a strategy but one that can be ongoing and for a long time ECLIPSE LAID OFF ALL 840 OF ITS WORKERS AND FILED FOR CHAPTER 7 BANKRUPTCY EARLIER THIS WEEK FRIEDMAN SAYS HE PLANS TO BID ON THE REMAINING ASSETS ONCE THE BANKRUPTCY IS COMPLETE NO WORD ON WHAT THAT COULD COST FRIEDMAN DOES SAYS HE HOPES TO KEEP THE COMPANY IN ALBUQUERQUE WITH HELP FROM THE CITY AND SAYS HE WANT TO START SELLING JETS AGAIN IN 20-11 WITH 6- HUNDRED EMPLOYEES LIVE AT ECLIPSE AVIATION VALERIE CASTRO EYEWITNESS NEWS 4