Cirrus gets new investment

Cirrus Aircraft announced that
its Cirrus Vision SF50 jet programme has received major investment by its new
owner CAIGA, is fully funded through certification and initial production. The
company anticipates first customer delivery will take place in 2015.

“Today is simply a
tremendous milestone for Cirrus,” said Dale Klapmeier, chief executive and co-founder
of Cirrus Aircraft. “We revolutionized general aviation with the introduction of
the SR20 just over a decade ago. With more than 5,100 SR-series aircraft
delivered to date, pilots, entrepreneurs, families and aviators of all kinds
have embraced our dream. Today, that dream is renewed as we are on the cusp of
an even bigger leap with the Cirrus Vision. Cirrus customers, employees and
partners around the world are rightfully proud of this moment.”

Klapmeier added, “We have
come so far in just a brief time with our new owners as they share our vision
for the future of aviation and personal transportation. They have set the
highest expectations for the Cirrus team. But more importantly, they are
actively partnering with Cirrus while providing substantial resources for us to
meet and exceed our shared goals as we build an entire family of Cirrus
aircraft.”

Up to 30 June 2012, the list
price for a well-equipped Cirrus Vision SF50 is $1.72 million with list price
moving to $1.96 million effective 1 July 2012.