Eclipse Aviation expects its E500s to be used as air taxis or flying limosines for corporate travelers
Peter Zuba
Jul. 30, 2006

The announcement, at the annual AirVenture air show in Oshkosh, Wisconsin, is one of the biggest things to happen to general aviation in years. Acting Transportation Secretary Maria Cino traveled to the show to make the announcement.

"These planes have clearly captured the public's imagination," said Ed Bolen, president of the National Business Aviation Association.

The NBAA defines VLJs as single-pilot jets that weigh 10,000 pounds (4,500 kilograms) or less. They generally have two engines, five or six passenger seats, electronic cockpits and cost half as much as the most inexpensive business jet now in service.

Six other very light jets are in the process of being certified by the FAA.

Eclipse Aviation expects its E500s to be used as air taxis or flying limosines for corporate travelers
Peter Zuba
A new light, cheap and fast jet is expected to be certified for flight Thursday by FAA
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Russia in G-8 driver seat
Media Release
Russia will take center stage this week when President Vladimir Putin hosts President Bush and other leaders of the world's biggest economies, reveling in resurgent global influence while facing the fiercest Western criticism since the Soviet collapse.
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Foreign companies listed in New York are entering a crunch period this week as a Sarbanes-Oxley deadline passes
Media Release
Foreign companies listed in New York are entering a crunch period this week as a Sarbanes-Oxley deadline passes and time constraints force some into compliance short cuts, according to auditors and advisers.
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The energy firm, Valero GP Holdings, hopes to raise up to $414 million in IPO
Media Release
Valero GP Holdings is the holding company for Valero LP which operates independent terminals and petroleum pipelines in the United States and around the world. This coming week, it's looking to go public.
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Energy will be cheap in coming year making the ground for another traditional real estate boom
Max Burman
It will be just opposite what people thinks.
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Dow falls on corporate profit warning and stagflation worries with weak job growth
Media Release
Corporate profit warnings and record oil prices overshadowed a benign jobs creation report and sent stocks lower Friday as investors worried that the economy was cooling too quickly.
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The labor market posted weak job growth for the third straight month
Media Release
There was a net gain of 121,000 jobs for the U.S. economy, according to the Labor Department report, up from the revised 92,000 gain posted in May.
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Three people have been arrested and charged with stealing confidential information about drink recipes from The Coca-Cola Co.
Media Release
Three people have been arrested and charged with stealing confidential information about drink recipes from The Coca-Cola Co. and trying to sell it to rival PepsiCo Inc., federal prosecutors said Wednesday.
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