Cirrus Jet Program Goes ‘Full Speed Ahead’

Stephen Pope

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

Verified

Key Takeaways:

Cirrus Aircraft announced that its Vision SF50 single-engine jet program has secured full funding through certification and initial production, with manufacturing anticipated to begin in 2015.
This significant progress is largely attributed to the strong financial backing and support provided by Cirrus's new Chinese owners, CAIGA.
The company plans to accelerate hiring engineers for the Vision jet's Duluth-based development team, and production will occur in its Minnesota and North Dakota facilities.
The Vision jet will offer seating for up to seven individuals, with a list price effective June 30, 2012, of $1.72 million.

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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.”