citizen5000
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citizen5000
20% year over year growth rate? Keep up that sort of nonsense and POA might be accused of publishing fake news.
Cirrus is a remarkable company
Cirrus sales tracked the recession which slammed all aviation companies. The peak Cirrus sales were in 2006 with 714 planes delivered. In 2016 Cirrus delivered 320 planes or almost 40% of the total piston single market. Total Cirrus revenues are achieving a 20% growth year over year and climbing as the economy recovers (not counting jet sales). At present Cirrus is limiting the number of piston singles it will make due to part of the factory in Diluth being carved out to make their SF50 jet. Cirrus backorder on the jet is over 600 planes or about five years at current projected build rates.
Mooney shipped 7 planes in 2016 and has no backorders.