Skip to main content
Updated:
Original:

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

Author:

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

D'Angelo Russell

With KAT out, Timberwolves can't upset Nets

D'Angelo Russell stepped up but couldn't overcome Brooklyn's firepower.

Everson Griffen Vikings dot com

Everson Griffen confirms he has bipolar disorder

"I’ve been running from it a long time. I’m not ashamed of it anymore.”

Angela Renee Jones, St. Cloud murder suspect

St. Cloud suspect now charged in two local murder cases

Both murders happened within a day of each other in June.

st anthony 3 crop

Twin Cities police ask for help finding missing 16-year-old

Police say all her family and friends have been contacted, and none of them know where she is.

mpd suspect 12.3.21 - 1 - CROP

MPD releases photos of shooting suspect, asks for public's help

The man is wanted in connection with a fatal shooting that happened Wednesday evening.

redmons popcorn colbert 2

Support grows for Redmon's Popcorn after shop's sudden closure

The county also commented on the situation, saying it hopes to help owner Zack Redmon.

prior lake high school

Prior Lake HS investigating another 'racist' video involving student

The principal said the social media video was reported to them this week.

Screen Shot 2021-12-03 at 3.08.27 PM

Walz: Minnesota has secured 1 million rapid, at-home COVID tests for kids

It comes as the delta variant continues to surge in Minnesota, and the omicron variant might follow.

boundary waters

Forest Service limiting permits to BWCAW due to damage, overcrowding

Visitors have been cutting down trees and have been forced to compete for campsites.

police lights

Lockdown update: Armed man threatened to go to Kimball High School

A high school and elementary school near St. Cloud went into lockdown as a precaution.

chaska sewer

People in Chaska are flushing the wrong crap down the toilet

Water and sewer crews in Chaska have had to clean the same pump four times in the past seven days.

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.