Cirrus Aircraft looking at comeback after a rough few years | Minnesota Public Radio NewsQ
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Duluth, Minn. — For 12 years, Cirrus Aircraft has won international recognition for its unique composite-bodied propeller airplanes.
Features such as advanced electronics and a full airplane parachute helped make the Cirrus SR-22 the best selling general aviation airplane since 2002. But a worldwide recession has the airplane manufacturer lacking for customers.
Once cranking out 16 aircraft a week, Cirrus now produces half that or fewer.
Although company officials predict a turnaround this year, Cirrus has clearly been in survival mode, guarding cash. It even withheld rent payments owed both the city of Grand Forks North Dakota, and Duluth's economic wing, the Duluth Economic Development Authority.
The company owes nine months back rent, said David Montgomery, Duluth's Chief Administrative Officer.
“I am fairly confident that we're going to come to a good resolution on this that will protect the interests of DEDA and the city,” Montgomery said. “I feel we will get this resolved.”
With cash tight, the company has changed its operation.
via Cirrus Aircraft looking at comeback after a rough few years | Minnesota Public Radio NewsQ.
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