Small Jet Lease

WASHINGTON D.C. — Transportation drives economies and aviation drives transportation, Ed Bolen, president and CEO of the National Business Aviation Association (NBAA), told an audience here, adding that all groups in aviation need each other and must keep focused on the goals to achieve the benefits not only for the United States but for world economies.

“No segment of aviation can succeed unless we all succeed,” he told an audience of leaders in the Washington aviation community at a luncheon of the Aero Club of Washington. “We all need each other.” Read more…

===> Posted on February 28, 2011 by Charles Spence. No comments. © GAN 2011

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China Aviation Industry General Aircraft Co., Ltd. (CAIGA) has entered into a definitive agreement to buy Cirrus Industries, manufacturer of the SR20 and SR22.

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===> Posted on February 28, 2011 by Janice Wood. No comments. © GAN 2011

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Cirrus Industries Inc., parent company of Cirrus Aircraft, has been sold to China Aviation Industry General Aircraft Co. (CAIGA) of Zhuhai, China, but it appears the company will continue to build parts in Grand Forks, N.D., and assemble airplanes in Duluth, Minn. It has long been rumored that a Chinese company would acquire Cirrus and the final announcement was made Monday morning. CAIGA is a subsidiary of Aviation Industry Corporation (AVIC), the state-owned aviation company of China that makes everything from military jets to airliners. In a news release, Cirrus CEO Brent Wouters says the deal will be a shot in the arm for the company and for its employees in Grand Forks and Duluth. “CAIGA understands the strength and the talent of Cirrus’s workforce and the prominence of the Cirrus brand in general aviation,” Wouters said. “Through this transaction, CAIGA will invest in our employees in both Minnesota and North Dakota by committing to the continued use of our world-class production facilities.”

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