||| |—|—| | | | Cirrus Design, maker of the SR20 and SR22 piston singles, got the investment it has been seeking for the past couple of years. Crescent Capital, the U.S. arm of a Middle Eastern investment company, has funneled $100 million into Cirrus, a stake that gives it around 60 percent ownership of the company and three of the five seats on the board of directors.
Cirrus president Alan Klapmeier told Flying that Crescent’s investment will not, however, signal an end to Cirrus’s innovative design approaches. Nor will it appreciably change the decision-making process.
