EAI Press Release

Eclipse Aerospace Announces Eclipse Aircraft Insurance Program

Albuquerque, NM, May 26, 2010 – Eclipse Aerospace, Inc. (EAI), the world’s only certified twin-engine Very Light Jet manufacturer, announced today an aircraft hull and liability insurance program for EA500 aircraft operators provided by Chartis Aerospace Insurance Services, Inc., which represents the leading underwriter of EA500 aircraft, and Willis Global Aviation, one of the world’s leading and most experienced aviation insurance brokers. The program will make competitive hull and liability insurance available to qualifying aircraft operators who have participated in the recently announced factory initial and recurrent training programs offered by EAI in conjunction with its training partner, SimCom.

“The Chartis insurers have provided hull and liability insurance for the EA500 fleet since the first aircraft was put into service,” said Greg Sterling, Vice President and Division Manager of Chartis Aerospace Insurance Services, Inc.’s Light Aviation Division. “The benefits of simulator training for general aviation pilots are well proven.  The fact that EAI operators will have access to Level D simulators, advanced training courseware and factory-trained instructors helps give us the confidence we need to offer qualifying EAI owners competitive insurance solutions.”

“Since 2004, Willis has continued its efforts to develop appropriate hull and liability premiums based on the high level of training and excellent safety record of the EA500,” said Garrett Hanrahan, Chief Executive Officer of Willis Global Aviation in North America.  Willis Global Aviation will offer competitive insurance solutions to operators of the EA500 who complete EAI factory-approved training.  Additional information is available at eclipse500wga@willis.com.

EAI’s comprehensive factory training program includes:

A Pilot Experience Questionnaire – A survey that evaluates pilot experience and personalizes the flight training program;

Jet Basics Course - A self-paced course, delivered via CD, that familiarizes the customer with the basics of jet aircraft operation;

Flight Skills Assessment – An evaluation that determines whether candidates are ready for type-rating training or require supplementary training;

Emergency Situation Training - A two-day program consisting of hypoxia training and upset recovery training;

Type-Rating Training – A knowledge- and skill-based training and instruction;

Mentoring Program - An operational instruction program that provides newly type-rated EA500 pilots with the ability to operate in the National Airspace System with an increased level of safety;

Recurrent Training – A training program that occurs six months after earning the type rating, or for more experienced pilots, one year after earning the type rating; and,

Differences Training – Instruction available for those who fly modified aircraft that have been updated or installed with new system configurations.

“Eclipse Aerospace is extremely proud of its industry-leading training programs. An uncompromising, high quality, factory training program is key to insuring the highest level of safety for EA500 pilots, operators and passengers,” said Mason Holland, Chairman and President of Eclipse Aerospace.

About Chartis

Chartis is a world leading property-casualty and general insurance organization serving more than 40 million clients in over 160 countries and jurisdictions.  With a 90-year history, one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.

Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc.  For additional information, please visit http://www.chartisinsurance.com.  All products are written by insurance company subsidiaries or affiliates of Chartis Inc.  Coverage may not be available in all jurisdictions and is subject to actual policy language.  Non-insurance products and services may be provided by independent third parties.  Certain coverage may be provided by a surplus lines insurer.  Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.

About Willis
Willis Global Aviation, a unit of Willis Group Holdings, is a leading provider of risk management and insurance brokerage services to the global Aerospace industry.  Our team of industry experts serves the needs of every industry segment, from airlines, airports, and aircraft and component manufacturers, to related service providers, including air navigation; maintenance, repair and overhaul; refuelling and ground support.  Willis Inspace, a unit of Willis Global Aviation, provides dedicated risk and insurance services to the satellite industry.

Willis Group Holdings is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world.  Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

About Eclipse Aerospace, Inc.
Eclipse Aerospace, Inc. (www.eclipseaerospace.net) began full operations to support the fleet of 260 Eclipse 500 Jet aircraft. Adhering to the motto “Customers First,” Eclipse Aerospace is focused on providing a superior customer experience for existing and future owners, operators and pilots of the revolutionary Eclipse 500 aircraft.  EAI provides factory upgrades and service to deliver robust, fully functional and feature-rich jet aircraft. Eclipse Aerospace corporate offices are based in Charleston, South Carolina. Principal operations are located in Albuquerque, New Mexico, and Chicago, Illinois.


Other Press Releases:

07.14.14: Eclipse 500 PLUS™ Program a Smashing Success
05.15.14: Eclipse and Jeppesen Partner to Deliver Web-Based eCharts
03.12.14: Eclipse Aerospace Delivers First Eclipse 550 Jet
02.10.14: Eclipse 550 Auto Throttle, Anti-Skid Brakes Receive FAA STC