I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
KOAT TV and the Associated Press (AP) are reporting that Eclipse Aviation Corp. officials sent about 800 employees home today.
The company sent the workers home as it waited for the completion of the company’s sale to European-based EclipseJet Aviation International, Inc.
Company officials expressed confidence the employees will return once the company’s pending sale goes through, the AP wrote.
The news service also reported that company president Michael McConnell said he believes the firm still has a market for its products:
“Even in this crazy, crazy market, we believe it’s possible to sell our airplane in the global market this year. We believe we have the best product” among very light jets, McConnell said.
He said the bad news was that furloughs were necessary while Eclipse waits for the sale to be completed. While the global economic crisis has created delays, McConnell insisted it won’t force the sale to be abandoned.
“The fact it’s taking longer just speaks to the complexity of putting together global deals in today’s economy,” he said. “No one has backed out. No one has changed their mind. It’s just taking longer than we thought.”
Last month, a federal judge in Delaware approved the sale to allow Eclipse’s reorganization under bankruptcy protection.
