Klapmeier team vying to buy Cirrus program
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 f

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. “Obviously it’s a difficult time to be raising capital, but that means more focus on funding better projects.” Although Cirrus has refunded about 8 percent of Vision deposits, according to president and CEO Brent Wouters, the jet program “is absolutely still under way.” There are deposits for more than 400 Visions, he told AIN.

Klapmeier’s effort is currently operating under the name Aegis, but that may change. Until he raises the necessary funds and completes a transaction with Arcapita, the jet, he said, “is still a Cirrus program and Cirrus continues to fund it and make progress.”