Eclipse Aviation Corporation has now completed its fifth round of private equity funding for $87 million, which makes a total of $325 million to date. The finance will be used to complete the testing and FAA certification of the Eclipse 500 jet.

“The value proposition created by the Eclipse 500 and the advanced state of our development programme have made Eclipse Aviation attractive to the investment community, especially now that Pratt and Whitney Canada has been selected to supply the engines,” said president and ceo of Eclipse Aviation, Vern Raburn.

“In one of the most difficult private equity markets seen in decades, we believe that our cumulative equity funding to date is the largest total amount of funding ever raised for a new aircraft company. We expect this latest round to be our final equity round. We are on track for FAA certification in early 2006.”