Sales at Cirrus Aircraft take off after being grounded in the recession

Author:
Updated:
Original:

Duluth-based Cirrus Aircraft is outpacing the market with its sales and shipments.

The Associated Press reports the billings are especially impressive because they represent a notable turnaround. Cirrus sales hit an 11-year low in 2012. Now airplane shipments show a jump of nearly 25 percent in the first six months of 2013 over the same period in 2012. last year. Billings are up 60 percent.

Company officials expect healthy numbers to continue the rest of the year, especially in the fourth quarter, which usually is its strongest.

Cirrus now holds a 32 percent market share, making it the world leader in its category of small personal aircraft. The sector of single-engine pistons that includes Cirrus was up 17 percent, according to the General Aviation Manufacturers Association.

Factors fueling Cirrus’s growth include demand for its revamped premium models. The Generation 5 SR-22 and SR-22T sell for between $500,000 and $600,000, but extras can push the price of the plane up by as much as $300,000.

Fleet sales are also giving lift to the bottom line, claiming 20 percent of this year's shipments. The latest fleet order for the Royal Saudi Air Force, follows sales to the U.S. Air Force Academy and the French Air Force. First deliveries for Cirrus’ newest single engine personal jet, the SF-50 Vision Jet won't happen until 2015, but orders have grown to 545 in recent months. Each jet will sell for $1.96 million.

In the last year, the Cirrus staff in Duluth and Grand Forks has grown to more than 600, with more positions to be added.

Next Up

Eype1UCW8AcXU8j

St. Cloud State blanked by UMass in national championship game

Minnesota had three teams in the Frozen Four but didn't claim the national title.

BLM mural in West St. Paul.

Minnesotan's fight to save his BLM mural gets international coverage

West St. Paul told Ryan Weyandt the art violates city code.

Alex Rodriguez

Reports: Alex Rodriguez part of group finalizing deal to buy Wolves, Lynx

The former MLB will become part-owner of the Wolves and Lynx.

snow, slush (submitted photo, ok to use)

Accumulating snow expected in parts of Minnesota on Monday

Far northwestern Minnesota stands the best chance for higher snow totals.

Screen Shot 2021-04-10 at 1.53.51 PM

Police looking for 'person of interest' in connection to woman's killing

The public is advised to avoid approaching him and to call 911.

covid, vaccine

Here is Minnesota's COVID-19 update for Saturday, April 10

Cases and hospitalizations have been on the rise in Minnesota.

Gabe Kalscheur

Gabe Kalscheur announces he's transferring to Iowa State

The former Gopher guard entered the transfer portal last month.

Walz

Asked about restrictions, Walz says Minnesota is in a 'hold pattern'

Meanwhile, the governor of Michigan is urging people to stay home to slow the spread.

walz and zapko

Watch: Beloved MN sign language interpreter profiled on Today Show

Nic Zapka's work made her an internet celebrity last year.

White Bear Lake Area High School

White Bear Lake students hold walkout over racist social media comments

School officials are investigating the anonymous Instagram account.

Related

Cirrus Aircraft adding new jobs in Grand Forks

Duluth-based Cirrus plans to bring up to 60 jobs at its Grand Forks, N.D., plant as it partners with a company that makes a new type of small "sport" plane. The Grand Forks Herald report Cirrus is taking over manufacturing for a large portion of the Icon A5 -- a plane that can take off and land on water.