Klapmeier Makes Play For Cirrus Jet
AVweb has confirmed that former Cirrus Design CEO Alan Klapmeier is making a bid to acquire the rights to manufacture and sell the Vision SF 50 single-engine jet. A source close to the negotiations, who spoke on condition of anonymity, said Klapmeier announced that he has "formed a team of financial advisors and engineers" to try to take over the project. The source said Merrill Lynch is involved in the negotiations between the Klapmeier group and Arcapita Ventures, Cirrus Aircraft's majority investor, over the potential acquisition of the project. The new company will be separate from Cirrus and a name has not been chosen.