Roger_Mullins
They need a Cirrus SR-22P (Pressurized). Something like the Cessna 210P. Maybe just up to 22,000 feet or so. That would be a real seller. Use the money for that not executive bonuses.
They need a Cirrus SR-22P (Pressurized). Something like the Cessna 210P. Maybe just up to 22,000 feet or so. That would be a real seller. Use the money for that not executive bonuses.
Many P210’s for sale for a fraction of a Cirrus. Great airplanes.
A more accurate headline would be: “CAIGA files for public offering…”
$300M. That’s it. Clearly a control play here disguised as a low ball capital gen move. With Cirrus current disruption of their partner network, additional Cirrus centers popping up in FL, TX, AZ directly competing with what was traditionally a grass roots “partnership” network. This is the nail in the coffin for permanent foreign ownership/control. With approaching global recession, declining US/China relations, this is overall, a good move by CAIGA. Not so good for Cirrus illusion to “stay” in US. Puppet show. One of their product lines is actually called “Xi”…Yes…“Xi”. Fun $1.2M airplanes. Another Chinese success story. Don’t be fooled, “There has been and will be no public offering of the Securities in the United States”. Close your Robin Hood apps…
The SR-22 structure is probably not well-suited to pressurization, since it wasn’t an original design consideration. The changes needed would be expensive to design and difficult to incorporate into the manufacturing process. It would basically end up being a whole new model in terms of cost, certification, production.