Cirrus Vision SF50

February 4, 2012 - 3:40am

Cirrus has restructured more than $13 million worth of loan and lease obligations related to its Grand Forks, N.D. production facility with that city’s Growth Fund. Cirrus employs approximately 90 people in Grand Forks who make composite component parts for its SR-series piston aircraft, which are then shipped to the company’s assembly line in Duluth, Minn.

January 17, 2012 - 3:25pm

Cirrus restructured more than $13 million worth of loan and lease obligations related to its Grand Forks, N.D. production facility with that city’s growth fund. Cirrus employs approximately 90 people in Grand Forks who make composite component parts for its SR piston aircraft that are then shipped to the company’s assembly line in Duluth, Minn. Since 1996, Grand Forks has issued various bonds and loans in support of these activities, including construction of more than 160,000 sq ft of facilities.

December 4, 2011 - 12:10am
PiperJet Altaire

Shortly after Piper Aircraft posted billboards in Wichita advertising for engineers, the company suspended further development of the single-engine PiperJet Altaire, “following a review to align the company’s business goals with the light jet market outlook, investment strategies and overall economic forecasts.”

July 29, 2011 - 8:20am

Cirrus president and CEO Brent Wouters revealed during the EAA AirVenture Oshkosh show this week that the company’s prototype SF50 Vision jet is in “commodity jurisdiction” at Williams International. The Williams FJ33 engine that powers the Vision jet may be subject to U.S. government concerns about exporting technology to China.

June 28, 2011 - 10:30am

China Aviation Industry General Aircraft (Caiga) of Zhuhai, China, completed its acquisition of Duluth, Minn.-based Cirrus Aircraft today. Sellers include private-equity firm Arcapita, which owned 60 percent of Cirrus, and minority shareholders (including former Cirrus chairman and co-founder Alan Klapmeier).

March 29, 2011 - 12:45pm

With the announcement by Cirrus Aircraft president and CEO Brent Wouters that China’s Caiga plans to buy Cirrus (a U.S.-based group is organizing a counter-offer; see page XX), the delayed Vision SF50 single-engine jet program may see an infusion of money.

March 1, 2011 - 10:00am

Cirrus Aircraft president and CEO Brent Wouters announced yesterday morning that China Aviation Industry General Aircraft (Caiga) has signed an agreement to purchase 100 percent of Cirrus Aircraft from the several hundred shareholders that own the Duluth, Minn.-based light aircraft manufacturer.

November 30, 2010 - 5:18am

Montreal-based Esterline CMC Electronics has acquired an exclusive technology license for L-3 Communications’ SmartDeck cockpit that will allow the firm to develop, build and market its own integrated flight deck products using L-3 technologies.

November 29, 2010 - 9:44am

Cirrus Aircraft said it is continuing to refine the design of the SF50 Vision single-engine jet but further development “is paced by funding,” according to chairman Dale Klapmeier. It has selected 91 percent of the suppliers for the jet and has begun development work on the jet’s parachute system, including nine test drops using weights.

October 19, 2010 - 5:03pm

Esterline CMC Electronics (Booth No. 4963) has acquired an exclusive technology license for the L-3 Communications SmartDeck integrated avionics system, CMC president Greg Yeldon announced yesterday. Terms of the agreement between L-3 Communications (Booth No. 4308) and CMC, signed earlier this month, were not disclosed.

 
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