Cirrus Jet Program Goes ‘Full Speed Ahead’

Stephen Pope

Wednesday, April 18, 2012 at 10:21 PM ET

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Key Takeaways:

Cirrus Aircraft's Vision SF50 single-engine jet program has received full funding from its new Chinese owners, CAIGA, with initial production anticipated to begin in 2015.
This financial backing allows Cirrus to accelerate hiring engineers and expand its design and flight test capabilities for the Vision jet, with development centered in Duluth.
The Vision SF50, a personal jet designed to seat up to seven, had a list price of $1.96 million (effective July 2012) and marks a major milestone for Cirrus, made possible by its new ownership.

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With the strong backing of its new Chinese owners, Cirrus Aircraft on Wednesday announced that the long-gestating Vision SF50 single-engine jet program has received full funding through certification and into initial production, now anticipated to start in 2015.

“Today is simply a tremendous milestone for Cirrus,” said Dale Klapmeier, CEO and cofounder 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.”