Cirrus Aircraft And
China Based CAIGA Complete Merger
By Jim Douglas
July 3, 2011 - Cirrus Aircraft and China Aviation Industry General Aircraft Company (CAIGA) has announced that the two companies have completed their merger.
With the previously announced merger now finalized,
Cirrus Aircraft, a global leader in general aviation,
joins China's leading general aviation product and
services company to form a worldwide general aviation
"We're very excited to have joined forces with CAIGA,"
said Brent Wouters, Cirrus President and Chief Executive
Officer. "This partnership will benefit our business and
our customers; we share with CAIGA a vision of worldwide
growth. CAIGA has the resources that will allow us to
expedite our aircraft development programs and
accelerate our global expansion."
also said that he expects the merger to deliver benefits in
terms of jobs and job growth in the United States: "Our partners
at CAIGA understand the strength and the talent of Cirrus's
workforce who have made the Cirrus brand so successful and
prominent in the general aviation marketplace. CAIGA will
continue to invest in our employees and in our world-class
production facilities in Minnesota and North Dakota."
very impressed with Cirrus' performance in the global general
aviation industry," said Meng Xiangkai, CAIGA president. "It has
a very strong record of consistent product excellence,
comprehensive safety features, an outstanding management team
and a highly skilled workforce who operate from advanced
production facilities. We look forward to working with Cirrus'
management team to build upon its success and to expand
production volume to further cement Cirrus' leadership position
in the global general aviation industry."
Aircraft Co-Founder Dale Klapmeier said the completion of the
merger was an important milestone in the company's history:
"This is a very positive development that allows us to continue
our mission to develop and build the best, most exciting
aircraft in the world. Through our merger with CAIGA Cirrus will
continue to lead the industry in bringing increased safety,
performance, and comfort to the general aviation community."
Known for incorporating luxury automotive ergonomics, pilot-friendly avionics and advanced safety features into its high performance airplanes, Cirrus has delivered nearly 5,000 new piston airplanes over the last decade. For nine years in a row, the Cirrus SR22 family of aircraft has been the best-selling four-place airplane in the world. Cirrus pioneered the use of the FAA-certified Cirrus Airframe Parachute System? that is standard equipment on all Cirrus aircraft.
Cirrus Aircraft is a recognized leader in general aviation. Its all-composite line of personal aircraft the SR20, SR22 and the turbocharged SR22T, incorporate innovative and advanced performance, electronic and safety technologies, including Cirrus Perspective by Garmin avionics and the unique Cirrus Airframe Parachute System (CAPS).
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