In The Works: Cirrus Aircraft – Vision SF50 | Aviation International News

In The Works: Cirrus Aircraft – Vision SF50

Cirrus Aircraft is still seeking additional capital to see its single-engine Vision SF50 jet program through to certification and production.

By Matt Thurber • Editor-in-Chief

January 27, 2010

Cirrus Aircraft is still seeking additional capital to see its single-engine Vision SF50 jet program through to certification and production. A dramatic drop in sales of singles has affected all piston-engine aircraft manufacturers, and Cirrus has seen deliveries of its piston singles fall from 425 through the third quarter of 2008 to 189 in the same period last year. Cirrus has adapted to the drop in sales by learning how to build airplanes with fewer resources. “We’ve made huge changes in the business,” said Cirrus president and CEO Brent Wouters. “We’ve eliminated a lot of positions and changed the cost structure dramatically.”

Cirrus has had to refund some deposits on the Vision jet, but according to Wouters, “Since October 1, we’ve been net positive in deposit holders.” Wouters said Cirrus is “still in the 360 range” for deposits on the Vision jet.

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