Greenville, S.C.-based Cirrus SR22 air taxi firm SATSair “temporarily” shut down operations on October 23 “due to circumstances,” according to a recording on the company’s voicemail. The company has not said when service will restart.
A spokesman for Cirrus Design (Booth No. 2669) confirmed yesterday that development work on the company’s SF50 Vision jet has slowed, that a number of employees working on the program have been laid off and that the program has been moved out of its dedicated hangar at the Duluth International Airport, Minn., into “consolidated facilities” after falling $250,000 behind on its rent.
Cirrus Design vice president of domestic sales Jon Dauplaise told AIN today at the NBAA Convention that development work on the company’s SF50 Vision jet has slowed, a number of employees working on the program have been laid off and the program has been moved out of its dedicated hangar at the Duluth (Minn.) Airport into “consolidated facilities” after the company fell $250,000 behind on its rent.
While others in the aviation industry were hunkering down for a terrible year in 2009, Aerospace Products International (API) added to its portfolio by developing exclusive logistics and distribution programs with Cirrus Aircraft and LHTEC (Light Helicopter Turbine Engine Co.), a joint venture between Honeywell and Rolls-Royce.
Almost 27 years after bizjet legend Allen Paulson announced–and then abandoned–the single-engine jet known as the Gulfstream Peregrine, the single-engine very light jet (VLJ) concept is inching closer to fruition.
Citing a combination of specific business challenges, market conditions and capital scarcity, the three leading single-engine VLJ contenders–Cirrus, Diamond and Piper–have either implicitly or explicitly moved their development and delivery schedules decidedly to the right.
Cirrus Aircraft last month raised the price of the single-engine Vision Jet, a personal VLJ, to $1.39 million for existing position holders and to $1.55 million for new orders placed before December 31. The price increases to $1.72 million for orders placed after January 1. All prices are in 2009 dollars. When Cirrus started taking orders for the jet in June 2007, the target price was about $1 million.
That the annual EAA AirVenture show offers a mouth-watering and impossible-to-swallow cornucopia of everything aviation was never more evident than at this year’s event, where a colossal Airbus A380 shared the ramp at AeroShell Square with Burt Rutan’s most outlandish creation yet, the spaceship-launching Virgin Galactic WhiteKnightTwo built by the talented crew at Scaled Composites.
Although Cirrus Aircraft fielded a large display at EAA AirVenture last week in Oshkosh, Wis., notably missing from the Cirrus exhibit area and Cirrus’s press conference was cofounder and board chairman Alan Klapmeier. Now the Cirrus board of directors has decided not to renew Klapmeier’s contract and to seek a new chairman when his term expires at the end of this month.
Alan Klapmeier, chairman of Cirrus Aircraft, has formed a team to raise funds to try to buy the Vision SF50 single-engine personal-very-light-jet program from Arcapita Bank, the majority owner of Cirrus. “I feel comfortable that we can do this,” said Klapmeier.