Yeah you are right about chapter 11.. to be accurate, we should say "filing for bankruptcy
protection".
But we are still at the same conclusion..or better say "the same speculations"...and we don't know what kind of limitations those guys will face at EA.
DAE have little leverage over the financial well being of their suppliers. I'm assuming they'll have no choice but to lease training aircraft from a 3rd party if EA500 deliveries don't materialize in time.
I wonder how do they manage to conduct the training currently...may be they already have the Cirrus single-engine A/C, but what about the ME?? are they still committed to train students on the Eclipse 500?? On time??
I think that the original delivery date of EA500 is Feb2009..not sure about the date but I hope it's true...even if leased, this would be a satisfactory option..at the end I would love to know that they move forward according to plan.