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.”
Cirrus Vision SF50
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.
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).
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.
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.
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.
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.
The Kestrel single-engine turboprop, whose developers had been seeking funding, has found new life under the leadership of Alan Klapmeier, cofounder and former chairman of Cirrus Design. Klapmeier’s new company, Kestrel Aircraft, is based in Brunswick, Maine, and plans call for an investment of more than $100 million in the program.
EAA AirVenture, as usual, brought the aviation family together for another week of celebration, innovation and pure enjoyment at Wittman Regional Airport in Oshkosh, Wis.