Fri, Jul 31, 2009
Alan Klapmeier's Efforts To Buy Jet Program Appear Stalled
ANN has been monitoring reports over the last few days of the
latest details involved in Cirrus Founder, Alan Klapmeier's,
efforts to buy the single engine program that has been under
development for a number of years... and seemed to be the
aeronautical successor to the highly regarded SR-2X piston
Klapmeier has confirmed reports we've gotten over the last 24
hours that seem to show that his attempts to purchase the program
are stalled and that the two parties (Arcapita/Cirrus and
Klapmeier) appear to be at an impasse.
Despite one published report (which Klapmeier notes to be false)
about an announcement about the situation, Klapmeier opines that a
solid offer has been made to Arcapita and is surprised that it has
not been accepted. "I think we've put forth a solid proposal that
is in the best interests of our aims as well as Arcapita's... if
there is any movement, I think it will be up to them."
ANN broke the news of Klapmeier's interest and active effort (as
shown in the .6.26.09 Aero-TV News Feature below) to purchase the
SF50 jet program late last month in an exclusive interview just
hours before the official announcement (an announcement that WAS
actually made... grin) took place at a Cirrus community pilot
gathering in Duluth, MN.
Click Image Above To View
At that time, Klapmeier's team reported that their financial
advisers, Merrill Lynch, had been signed to provide the necessary
financial horsepower to oversee the money side of the equation.
"The transition into this new company will be basically taking
the jet program as it exists today, completing the financing, and
moving forward so that we can get this airplane into production,"
Klapmeier had hoped to be in a position to deliver completed
aircraft by the end of the 2012 or early 2013.
ANN is in the process of seeking Cirrus Aircraft comments about
the matter and will update this developing story, as soon as
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