Pankaj78. Cirrus Aircraft
Headquarters: Duluth, Minnesota
Bought By: China Aviation Industry General Aircraft (CAIGA)
Headquarters: Zhuhai, Guangdong, China
Cirrus Aircraft is a distinguished manufacturer of small, piston-powered aircraft and jets headquartered in Duluth, Minnesota. The company was bought by China Aviation Industry General Aircraft (CAIGA), a prominent Chinese state-owned aerospace manufacturer, in 2011.
The acquisition, which was worth approximately $210 million, made headlines as one of the first major forays of Chinese corporations into the American aviation industry. This strategic move not only bolstered China’s technological and manufacturing prowess but also further expanded its influence in the global aviation industry, marking an important milestone in China’s aviation history.