Ex Bahriani investment Cirrus completes merger with Chinese

"This partnership will benefit our business and our customers," said Brent Wouters, Cirrus CEO. "We share with CAIGA a vision of worldwide growth. CAIGA has the resources that will allow us to expedite our aircraft development programs and accelerate our global expansion."

He said he expects the merger will make it possible for Cirrus to expand its facilities and staff in Minnesota and North Dakota.

Dale Klapmeier, Cirrus co-founder, said the completion of the merger was an important milestone in the company's history, and will make it possible for the company to "continue to lead the industry in bringing increased safety, performance, and comfort to the general aviation community."