China Aviation Industry General Aircraft Co., Ltd. (Caiga) has chose GE Aviation’s new H85 turboprop engine to power its new Primus 150 aircraft. Set to be the first purpose-built executive single-engine turboprop built in China, the Primus 150 is a pressurized five-seater with an all-composite carbon-fiber airframe.
Grassroots representatives from NBAA, AOPA and the National Air Transportation Association (NATA) have told U.S. lawmakers that user fees in any form would be “devastating” to the general aviation community. They were giving evidence at a hearing of the House Small Business Committee yesterday.
“The costs associated with user fees far outweigh any benefit to deficit reduction,” said NATA treasurer Marian Epps, whose family operates Epps Aviation in Atlanta.
West Star Aviation’s Spirit of St. Louis (SUS) location is now offering night and weekend hours. “We’ve extended our hours of operation to keep up with the demand. Additionally, our customer base specifically told us they wanted us to extend our hours,” Sam Haycraft, vice president of operations, told AIN. West Star’s 19,000-sq-ft SUS facility is an FAA-certified Part 145 repair station serving Learjet, Cirrus, Beechjet, Premier, Hawker, Bonanza, Baron and King Air operators.
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.
Cirrus chairman Dale Klapmeier said his company’s recent majority acquisition by China’s state-owned Avic will provide the necessary capital to restart the moribund SF50 single-engine jet program. He said the company needs time to re-ramp and re-staff the effort and that a new timetable for the jet is at least three to four months out.
Yesterday at EAA AirVenture in Oshkosh, Wis., Cirrus co-founder Dale Klapmeier said the company’s recent majority acquisition by China’s state-owned Avic will provide the necessary capital to restart the moribund SF50 single-engine jet program. He said the company needs time to re-ramp and re-staff the effort and that a new timetable for the jet is at least four to five months out.
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 Counter-offer Put on Hold
Convinced that he can round up enough U.S. investors to keep Cirrus Aircraft on American soil, consultant Brian Foley is organizing a counter-offer in a bid to trump China’s plan to buy the Duluth, Minn.-based light aircraft builder from majority owner Arcapita (58 percent) and the several hundred individual shareholders who currently own the company.