AVSIG: Cirrus Sold to China wwswsigarch.jpg (7236 bytes)

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AVSIG Discussion Sections >> Cirrus Design

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Mick Ruthven
AVSIG Member


Reged: 05/15/04
Posts: 1320
Loc: San Francisco Bay Area
Re: Cirrus Sold to China [Re: Joe Budge (W29)]
      #313864 - 03/27/11 11:24 AM

Shipping lots of planes doesn't make you successful unless you make enough profit on each one.

Quote:

How did Cirrus go from being hugely successful - shipping more planes than Cessna - to running out of cash?




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Bruce Gorrell [EQY]
Top Gun


Reged: 04/29/04
Posts: 7864
Loc: Charlotte, NC
Re: Cirrus Sold to China [Re: Mick Ruthven]
      #313879 - 03/27/11 05:04 PM

What happened to "Lose a little on each one, but make it up on volume"?

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Andrew Niemyer -KDLH
Top Gun


Reged: 09/18/04
Posts: 3353
Loc: Minnesota
Re: Cirrus Sold to China [Re: Bruce Gorrell [EQY]]
      #313906 - 03/27/11 10:52 PM

"What happened" depends upon who among the players, both current and former, you ask. Each has their own agenda to push. Either they almost produced themselves into oblivion, or they became over-obsessed with bean counting and drove buyers away. I dunno, but I hear a lot of different theories. I suspect it's a little of everything, combined with a crashing market for new, non-essential goods.

Best,
Andy


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Andrew Niemyer -KDLH
Top Gun


Reged: 09/18/04
Posts: 3353
Loc: Minnesota
Re: Cirrus Sold to China [Re: Andrew Niemyer -KDLH]
      #319620 - 06/28/11 12:05 PM

Deal is now done. Local business and government leaders are not sanguine on the long-term prospects for any manufacturing to stay in Duluth, or the US, for that matter.

http://www.duluthnewstribune.com/event/article/id/202946/

Best,
Andy


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Bruce Gorrell [EQY]
Top Gun


Reged: 04/29/04
Posts: 7864
Loc: Charlotte, NC
Re: Cirrus Sold to China [Re: Andrew Niemyer -KDLH]
      #319642 - 06/28/11 07:47 PM

Surprise, surprise!!!

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