Cirrus Aircraft reports continued strong demand for its entire product line and of the associated increase in its new aircraft production rate to eight aircraft per week. According to Cirrus Aircraft, increased staffing requirements were communicated precipitating upcoming callbacks of some previously furloughed employees at both its Duluth, MN and Grand Forks, ND production facilities.
Several indicators support the company's positive outlook. In contrast to other reported general aviation industry trends, Cirrus Aircraft has seen consistent growth in new aircraft orders over the past 120 days, with stronger order rates consistently outpacing production output over that timeframe.
Equally notable are the sources of the new orders. Domestic and international retail demand, as well as both U.S. and global institutional demand, are each playing a contributory role. Cirrus Certified, its pre-owned aircraft sales division, is seeing similar increased sales activity with used aircraft inventory levels showing increasing signs of stabilization.
Source and Photo Credit: Cirrus Aircraft
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