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Cirrus Says Jet Now Fully Funded

First SF50 single-engine jet deliveries expected in 2015

Cirrus Vision jet
Development on the Cirrus Vision jet is fully funded, aiming for a first delivery in 2015, the company announced April 18.

April 18, 2012 - Last year Cirrus management said the development of its SF50 Vision single-engine jet program was under review by the company’s new owner China Aviation Industry General Aircraft (CAIGA). Technical challenges in completing and certifying the design were considered along with market conditions for the airplane. Today, April 18, Cirrus CEO Dale Klapmeier announced that the review was complete and the program is fully funded. Cirrus expects to deliver the first Vision in 2015.

Along with the announcement that the Vision program is “an unqualified go” came a price hike. If you order a “well-equipped” Vision now, the price is $1.72 million. On July 1, 2012, the price climbs to $1.96 million.

The Vision - originally called just “The Jet” - has been in the works at Cirrus for several years. The non-conforming prototype first flew in July of 2008. Several development schedules have come and gone over the years, and when CAIGA purchased Cirrus last year the new owner put the program on hold until a complete review could be conducted.

In a video announcing the “full speed ahead” development, Klapmeier emphasized several times that the Vision is a “global airplane” and that the company sees a worldwide market for the jet.

Like its successful SR series of piston singles, the SF50 will be made from composites. It will also have the Cirrus whole airplane recovery parachute. Klapmeier emphasized that the Vision is being designed to be owner-flown and thus he expects it to be the easiest jet to fly.

Cirrus did not announce specific performance details - other than that the Vision cabin will hold up to five adults and two children. Previous performance projections called for a top cruise speed of 300 knots and a maximum operating altitude of 28,000 feet. The engine is a Williams International FJ33 rated at 1,900 pounds thrust. Preliminary range estimates are for 1,000 nautical miles at maximum cruise speed.

Visit the Cirrus website for more information.

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