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August 26, 2008updated Feb 11, 2013

Eclipse Aviation Targets Financial Stability as CEO Roel Pieper Implements Operational Excellence Program

By Pardhasaradhi Gonuguntla

ALBUQUERQUE, NM — Today Eclipse Aviation®, manufacturer of the world’s first very light jet (VLJ), announced a reduction in workforce as a result of its operational excellence strategy introduced by CEO Roel Pieper at AirVenture in Oshkosh, Wis., July 28, 2008. Eclipse is reducing its workforce by approximately 38 percent which includes temporary workers and people employed less than six months. The reduction is an effort to achieve financial stability as soon as possible. Eclipse is laying off approximately 650 employees affecting all departments and facilities including Albuquerque, N.M.; Gainesville, Fla.; and Albany, N.Y. Eclipse’s total employment remains at about 1,100. The impact of this action will be a slowdown in the production of Eclipse 500s through 2008. In 2009, Eclipse intends to increase production back to previous levels and higher.

“In my effort to take Eclipse Aviation to the next level of growth and sustainability, I am 100 percent focused on operational excellence and a plan to achieve it,” said Pieper. “Financial stability is critical for this company and unfortunately, a reduction in workforce was necessary to achieve it. I am confident this action will set the company on the path to profitability so that we can continue to lead the very light jet category.”

Eclipse will not be releasing any further information or conducting interviews surrounding this press release at this time.

About Eclipse Aviation Eclipse Aviation® is the world’s leading very light jet (VLJ) manufacturer, producing innovative, affordable jets that are revolutionizing air transportation. The company created the VLJ category with the design, certification and delivery of the Eclipse 500® — the industry’s first VLJ. Eclipse applies advances in technology, manufacturing processes and business practices to create high-performance aircraft that provide the lowest cost of jet ownership ever achieved. By changing the value proposition for private jet travel, Eclipse is allowing more pilots to enter the world of jet-powered aviation and enabling a new generation of entrepreneurs to help business travelers move between cities on a quick, affordable and convenient basis. Contact Eclipse at www.eclipseaviation.com.

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