2JEZA Eclipse 50 VLJ (Very Light Jet) UK Military contractor from Frankfurt Int'l on final at Biggin Hill, London

This completes a round trip with stops at Edinburgh Scotland and Oslo, Norway taht began yesterday

The Eclipse Aviation Corporation was the Albuquerque, New Mexico, United States-based manufacturer of the Eclipse 500 very light jet (VLJ), and also at one time proposed developing the Eclipse 400 single-engined jet.

The company was founded in 1998 by early Microsoft employee and former Symantec CEO Vern Raburn. Due to Raburn's relationship with Microsoft, Bill Gates was a major stake-holder in the Eclipse project. n October 2008, production of the Eclipse 500 was halted due to lack of funding. The company entered an unsuccessful Chapter 11 bankruptcy in November 2008, which was converted into a Chapter 7 bankruptcy liquidation procedure in February 2009. In the final Chapter 7 procedure, completed on August 20, 2009, there was only one bidder, a new company formed to acquire the assets, Eclipse Aerospace.

Eclipse operated service centers at Albuquerque International Sunport, Gainesville Regional Airport in Florida, and Albany International Airport in New York.

Saudi’s PIF denies media report of loan backed by SoftBank investment By Reuters

Saudi Arabia’s sovereign wealth fund isn’t making plans for and even bearing in mind a margin mortgage sponsored by way of its funding in SoftBank Workforce Corp’s (T:) Imaginative and prescient Fund, it stated on Sunday in accordance with a media file.

Bloomberg Information reported on Saturday that the $300 billion Public Funding Fund (PIF) was once making plans to borrow about $10 billion by way of pledging a few of its funding within the fund.

“PIF has considerable liquidity and has now not been engaged with any person to boost margin loans in opposition to its Imaginative and prescient Fund stake”, the sovereign wealth fund stated in an emailed remark.

SoftBank’s price range are being squeezed after a disastrous wager on co-working company WeWork and souring portfolio bets on start-ups.

The Eastern corporate stated remaining month it anticipated the $100 billion Imaginative and prescient Fund to guide a lack of 1.eight trillion yen ($16.eight billion) because of the worsening efficiency of its tech bets, which is able to tip the gang as an entire into its first loss for 15 years.

On Friday, PIF disclosed having purchased minority stakes in main American firms together with Boeing (N:), Fb (O:) and Citigroup (N:), giving it a portfolio of just about $10 billion in U.S.-listed shares.

https://forexstocknews.com/2020/05/saudis-pif-denies-media-report-of-loan-backed-by-softbank-investment-by-reuters/

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