Cirrus Aircraft and CAIGA complete merger
PUBLISHED: 11:26 29 June 2011 | UPDATED: 14:07 10 October 2012
Cirrus Aircraft and China Aviation Industry General Aircraft Co. have now completed their merger. With the deal finalised, the two companies now have a broader reach than ever.
It was announced yesterday (28 June) that Cirrus Aircraft and China Aviation Industry General Aircraft Co. have now completed their merger. With the deal finalised, the two companies now have a broader reach than ever.
Brent Wouters, Cirrus President and Chief Executive Officer, said: “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.”
Wouters also expects the merger to increase job numbers in Cirrus’s base in the US: “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.”
Meng Xiangkai, CAIGA president, said: “We are very impressed with Cirrus’s performance in the global general aviation industry. 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’s management team to build upon its success and to expand production volume to further cement Cirrus’s leadership position in the global general aviation industry.”
Cirrus Aircraft Co-Founder Dale Klapmeier said that the completion of the merger was an important milestone for Cirrus: “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.”
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