The sale of the assets of Eclipse Aviation, based in Albuquerque, New Mexico, the United States, to EclipseJet Aviation International Incorporated, has been approved by a US Bankruptcy Court.

Eclipse Aviation Corporation, the company that pioneered the market for very light jets, has filed for bankruptcy protection after failing to produce its very light jets  (VLJs) at “unprecedented volumes” that would have enabled the company to price its jets lower than its competitors.

Eclipse Aviation, the aircraft manufacturer based in Albuquerque, New Mexico, the United States, has received certification for its Eclipse 500 very light jet (VLJ) from the European Aviation Safety Agency (EASA).

The Federal Aviation Administration (FAA), the agency of the United States Department of Transportation with authority to regulate and oversee all aspects of civil aviation in the country, has ordered immediate inspection of throttles on small personal jets manufactured by Eclipse Aviation after one Eclipse 500 plane made an emergency landing at Chicago’s Midway International Airport on June 5, 2008.