Cirrus Design Corporation

Cirrus Design Corporation

In August 2001, Arcapita acquired Cirrus Design Corporation. During Arcapita’s ten-year holding period, Cirrus built a reputation for aeronautical innovation, using new technologies and advanced avionics to develop aircrafts that provide enhanced performance, comfort, ease of operation and safety. In this time, Cirrus Aircraft has delivered nearly 5,000 piston airplanes and for nine years in a row, its SR22 family of aircraft was the best-selling 4-seater airplane in the world. Arcapita has also invested extensively in Cirrus’s Vision Jet program, and at the time of sale, development efforts had moved from validation testing to focusing on design advancement, technical risk reduction and program critical path items. In June 2011, Cirrus Design Corporation was purchased from Arcapita and its co-investors by China Aviation Industry General Aircraft (CAIGA), a government-owned aviation company in China.

Investment Type

Private Equity

Region

United States

Exit Date

2011