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.
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More details follows from their release
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