Cirrus Aircraft and China Aviation Industry General Aircraft Co., Ltd. (CAIGA) announced June 28, that the two companies have completed their merger.
With the previously announced merger now finalized, Cirrus Aircraft joins China’s leading general aviation product and services company to form a worldwide general aviation enterprise.
“We’re very excited to have joined forces with CAIGA,” said Cirrus President and Chief Executive Officer Brent Wouters. “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 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 production facilities in Minnesota and North Dakota.”
Headquartered in Zhuhai, Guangdong Province in China, China Aviation Industry General Aircraft Co., Ltd. controls four listed companies in China and the total revenue in 2010 reached US$2.9 billion.
Its main businesses include the R&D and manufacturing of light piston aircraft, turboprop aircraft, jet, amphibious aircraft as well as their parts and components. It also provides services including general aviation operations, pilot training and aviation clubs.
Cirrus 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 additional information visit cirrusaircraft.com