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Mon, Mar 14, 2011

Aero-News: Quote Of The Day (03.14.11)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"The result is a picture which strongly suggests that Cirrus had been managed into a corner for which a financial suitor (and just about any suitor we would expect), should have been able to suggest very favorable terms in order to get the company off the Arcapita balance sheets. The question is... was the Cirrus deal with CAIGA a "Fire Sale?" And yet, we have heard that some potential investors were ignored by Arcapita, in favor of the China deal.... if so, why?" 

Source: Part of the most recent update published by ANN, currently looking into the many questions that still surround a proposed sale of Cirrus Aircraft to a Chinese concern, CAIGA.

FMI:  www.cirrusaircraft.com

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