Chinese aviation firm acquired Cirrus Industries

Cirrus Industries, Inc. (Cirrus), a recognized leader in general aviation, and China Aviation Industry General Aircraft Co., Ltd. (CAIGA) announced that they have entered into a definitive merger agreement pursuant to which CAIGA would acquire Cirrus.

Known for incorporating luxury automotive ergonomics, pilot-friendly avionics and advanced safety features into its high performance airplanes, Cirrus has delivered nearly 5,000 new piston airplanes over the last decade. For nine years in a row, the Cirrus SR22 family of aircraft has been the best-selling four-place airplane in the world. Cirrus pioneered the use of the FAA-certified Cirrus Airframe Parachute SystemTM that is standard equipment on all Cirrus aircraft.

To see a list of investors from China check our Chinese Investors Directory

More details follows from their release