Price of Market's Leading VLJ Now $2,150,000

ALBUQUERQUE, NM — May 30, 2008 — Today at its E-rrival customer event in Albuquerque, NM, Eclipse Aviation, manufacturer of the world's first very light jet (VLJ), announced that the price of the Eclipse 500 is transitioning to $2,150,000.

Eclipse's cost-driven pricing model requires Eclipse to re-examine aircraft pricing if actual costs change significantly from projections. The new Eclipse 500 price has been set based on a number of factors, including higher manufacturing costs and a slower than anticipated production ramp rate. These cost changes necessitated a corresponding shift in aircraft pricing.

The new Eclipse 500 price of $2,150,000 is effective immediately. All prices are set in June 2008 economics.

With this price adjustment, the Eclipse 500 remains the industry's lowest-priced and highest-value VLJ. The Eclipse 500 is still priced below today's current entry-level jets while delivering fuel burns that are half that of similar VLJs, the industry's lowest overall direct operating costs and total aircraft integration levels unmatched by comparable aircraft.

About Eclipse

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 advanced technologies, manufacturing processes and business practices to create high-performance aircraft that cost a fraction of other jets, and 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 http://www.eclipseaviation.com

Original Release

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