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Wed, Sep 02, 2009

Cirrus Announces 2009 Pricing For Vision SF50 Personal Jet

A Reservation This Year Guarantees A $1.55 Million Cap

Cirrus Aircraft announced Wednesday a maximum initial price of $1.39 million USD for owners of current production reservations for its single-engine Vision Personal Jet. This price will be for a Vision Jet delivered in a very well-equipped configuration analogous to the current GTS model in the best-selling SR22 piston family of airplanes from Cirrus Aircraft.

"Cirrus is uniquely positioned to understand materials costs and the costs of manufacturing of the Vision Jet by way of our experience in building and delivering nearly 5,000 SR20 and SR22 aircraft," said Cirrus Aircraft President and CEO Brent Wouters. "With our pricing announcement today, we have rewarded those who partnered with us since the beginning of the Vision Jet development program by creating substantial and immediate value in their production position reservations. At the same time, Vision Jet pricing for new reservations is equally compelling given the revolutionary performance and capability demonstrated by the V1 flight test aircraft to date."

For customers reserving a Vision Jet production position between now and December 31, 2009 with a non-refundable $100,000 deposit, the maximum purchase price for a Vision Jet will be $1.55 million. Beginning January 1, 2010, a new Vision Jet production position reservation will be secured with a non-refundable $50,000 deposit with a maximum purchase price of $1.72 million. All prices are in 2009 dollars.

Cirrus Vision Jet

Wouters concluded, "Our commitment to the Vision Jet is absolute and unequivocal. Cirrus has the personnel, leadership and conviction to bring the Vision Jet to serial production as quickly as possible. Others share our view as several third parties have expressed an interest in investing in Cirrus Aircraft and the Vision Jet program specifically. While only time will tell whether those inquiries are fruitful, we will keep the program moving forward with internal resources in the meantime. This same incremental funding approach brought the SR20, and later, the SR22 aircraft to market and out of that effort was born the best-selling four-place piston airplane for now seven years running."



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