Cirrus Aircraft’s SF50 Vision single-engine jet program is “making good progress,” according to president and CEO Brent Wouters, who added that the company has spent $64 million so far on the program and will need to spend another $64 million to see the aircraft through certification. The order book as of early June stood at 431 aircraft, 106 of which were written in the first half of the year.
According to Wouters, about 20 percent of Vision deposit-holders canceled their orders, either because they were afraid that Cirrus was going to go out of business or because they needed capital for their own financial problems. He acknowledged that the Vision program “is not going as fast as we would like, and not as fast as the deposit-holders want. But 80 percent have stuck with us, and we’ve sold all of those [the canceled orders] back, and more. We’ve been fortunate with the tremendous support that we’ve gotten.”
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