The CEO and founder of Eclipse Aviation Vern Raburn has stepped down. It appears that their major backer European Technology and Investment Research Center Aviation (ETIRC) made this a condition of additional funding.
As a part of the leadership change, there is an announcement that their Eclipse 400 single engine VLJ is not a done deal.
Eclipse is not even close to approaching its intended production rate for the Eclipse 500, 4 planes a day, it’s currently at less than 1, and I think that ETIRC wants to get the ducks in a row on the 500 before moving on the 400.