Here in New Mexico, many people had years of hopes for something called Eclipse Aviation, a would-be maker of "very light jets" (5-seater, twin engine, sell for the low price--as jets go--of $1,000,000 each).
They are now in bankruptcy, evaporating about a billion or more in value from suppliers, lenders, stockholders, and plenty of local government favors.
Turns out that the "business plan" said the whole idea could only be profitable at high volume production--a thing not at all achievable, even with years of trying.
Recession killed this one dead , while the "good times" merely set up the lenders to be slaughtered.
Muser of NM @ Feb 05, 2009 16:14:18 PM
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