Cirrus Industries, parent company of Cirrus Aircraft of Duluth, announced today it will be acquired by China Aviation Industry General Aircraft Co. of Zhuhai, China. The transaction is expected to close by midyear.
Cirrus will apparently continue to assemble airplanes in Duluth. Mayor Don Ness issued this statement:
“We anticipate that this merger will give Cirrus the additional financial resources and stability to ensure their recovery and grow operations and employment as the economy rebounds. I appreciate the assurances that Cirrus management has given us that operations will remain in Duluth; obviously that is our primary concern. We look forward to continuing the partnership with Cirrus not only to retain local operations, but also to grow jobs and support the company’s future success.”
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