ALBUQUERQUE, NM — August 27, 2007 — Eclipse Aviation, manufacturer of the world’s first very light jet (VLJ), today announced the winner of its Eclipse 500 auction through the company’s private label online marketplace powered by eBay. The auction concluded when Morten Wagner of Denmark placed his winning bid of $1,833,945 at 2:00 a.m. his time on August 11, 2007. Wagner plans to accept his Eclipse 500 at the company’s headquarters in Albuquerque this week.

The 35-year-old internet entrepreneur said he was determined to win the auction and was prepared to make another bid if he had to. Wagner, the founder of his company, Freeway, plans to use his Eclipse 500 for business travel throughout Europe, and to travel between his homes in London, Spain, and Denmark. Wagner said he started flying about a year and a half ago and has been following Eclipse Aviation ever since. He has already accumulated 462 hours and currently flies a Cirrus SR22.

Eclipse Aviation announced the auction of aircraft serial number 000038 at EAA AirVenture in Oshkosh, WI on July 25, 2007. The auction of the VLJ went live on an online private marketplace powered by eBay at 11:00 a.m. EDT July 30, 2007 and concluded shortly after 8:00 p.m. Eastern on August 10, 2007. More than 200 people were registered on eBay to bid on the aircraft. There were a total of 15 bids amongst six bidders.

About Eclipse

Eclipse Aviation, manufacturer of the world's first very light jet, is in the business of designing, certifying and producing modern, affordable jet aircraft that will revolutionize the transportation market. The company is applying advanced electronics systems, manufacturing and business practices to produce aircraft that cost half that of today's small jet aircraft, will be significantly safer and easier to operate than those of today, and have the lowest cost of ownership ever achieved in a jet aircraft. The goal of Eclipse is to bring the word "personal" into aviation, making it possible for business travelers to move directly between cities on a quick, affordable and convenient basis. It will also allow pilot owners to enter the world of jet-powered aviation. Contact Eclipse at http://www.eclipseaviation.com.

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