Cirrus has a very successful line of general aviation aircraft, among them, the SR-22 GTS pictured here. Photo: Andrew Jones - OPShots.net
The Chinese have continued their expansion into the general aviation market with the completion of China Aviation Industry General Aircraft Company’s (CAIGA) acquisition of Cirrus Aircraft. Terms of the transaction were not released.
Cirrus announced the planned acquisition in late February, saying, “This transaction will have a positive impact on our business and our customers because we share a common vision with CAIGA to grow our general aviation enterprise worldwide.”
Cirrus President and CEO Brent Wouters today reiterated that, “CAIGA has the resources that will allow us to expedite our aircraft development programs and accelerate our global expansion.” Wouters has been optimistic that the acquisition also will help Cirrus bring to market its single-engine Vision Jet.
via Chinese Acquisition of Cirrus Completed | AVIATION WEEK.
