Cirrus Design Surpasses Expectations

Nov. 28, 2006
Cirrus Design Corporation announces a third quarter company record of 529 airplane orders; as reported in the General Aviation Manufacturers (GAMA) Q3 2006 report.

Duluth, MN – (November 27, 2006) Cirrus Design Corporation today announced a third quarter company record of 529 airplane orders; as reported in the General Aviation Manufacturers (GAMA) Q3 2006 report. The creation of a worldwide sales center network is credited for these unprecedented personal aircraft sales numbers. International orders accounted for 24% of all business through October, up from 5% in 2002.

"Once again, our factory-direct to the consumer sales model has proven itself, along with newly established international partnerships that facilitate reassembly in the UK for European sales and Australia for the Australasian markets," said Executive Vice-President Sales and Marketing, John M. Bingham. “In 2005, we anticipated a 26% increase in overall international sales and we are on target to make and exceed that goal."

According to 2006 Q3 GAMA data, CIRRUS remains the market category leader in high-performance, single-engine piston, four-place airplanes. The CIRRUS SR22 also maintains its place as the world's best selling airplane for five years running.

CIRRUS has also increased 2006 sales by introducing value added features such as factory installed turbo charging and air-conditioning along with a new "sterling" paint finish. In addition, the introduction of a palette of ownership opportunities, including the unique CIRRUS ACCESS program, have provided an efficient means to purchase aircraft for both pilots and non-pilots alike.

"We are encouraged by these sales figures and further motivated to continually develop technologies, features and programs that expand customer satisfaction and provide greater accessibility to our airplanes," said CIRRUS President and COO, David Coleal.

About CIRRUS

CIRRUS is a recognized global leader in the manufacturing of personal aviation aircraft that provide unprecedented levels of performance, quality and safety. The popular SR20 and SR22 composite airplanes incorporate innovative advanced technologies into the design, including the unique CIRRUS Airframe Parachute System (CAPS™). CIRRUS has a direct sales force in North America with sales centers across South America, Europe, China, Australasia, South Africa, Mexico, the Caribbean, and Russia. For additional information on CIRRUS and its products please visit: www.CIRRUSdesign.com.