Comments on: Cirrus axes 8 percent of its workforce http://blogs.law.harvard.edu/philg/2008/09/05/cirrus-axes-8-percent-of-its-workforce/ A posting every day; an interesting idea every three months... Fri, 27 Nov 2009 13:53:43 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Gigi http://blogs.law.harvard.edu/philg/2008/09/05/cirrus-axes-8-percent-of-its-workforce/comment-page-1/#comment-87415 Gigi Fri, 12 Sep 2008 15:10:49 +0000 http://blogs.law.harvard.edu/philg/?p=1085#comment-87415 They are at the Newport boat show this weekend with an SR 22 on display. They are at the Newport boat show this weekend with an SR 22 on display.

]]> By: Michael http://blogs.law.harvard.edu/philg/2008/09/05/cirrus-axes-8-percent-of-its-workforce/comment-page-1/#comment-86900 Michael Mon, 08 Sep 2008 04:43:04 +0000 http://blogs.law.harvard.edu/philg/?p=1085#comment-86900 Piper is owned by American Capital Strategies (NSQ- ACAS) which in a nutshell is a mid-market buyout shop. These guys buy companies, reinvigorate the product/do financial engineering/clean up bad management and then spin the thing back out. I think what we've seen with Piper is that they are doing a full scale brand makeover. The Matrix is a hit relatively speaking (who would've thought), the Meridian is doing well and after the Thielert debacle Seminole and Seneca business has perked up. The twin info is anecdotal from Diamond and Piper dealers I know. We'll know more when the GAMA reports come out but I think Piper is healthier than one might suspect. Piper has a deposit book on their jet. It stood at 186 as of 4/07. Who knows what it is now. If they are leveraging their experience with the Meridian in designing the pressure vessel and other systems, I'd say this thing has a better chance than most. Piper is owned by American Capital Strategies (NSQ- ACAS) which in a nutshell is a mid-market buyout shop. These guys buy companies, reinvigorate the product/do financial engineering/clean up bad management and then spin the thing back out. I think what we’ve seen with Piper is that they are doing a full scale brand makeover. The Matrix is a hit relatively speaking (who would’ve thought), the Meridian is doing well and after the Thielert debacle Seminole and Seneca business has perked up. The twin info is anecdotal from Diamond and Piper dealers I know. We’ll know more when the GAMA reports come out but I think Piper is healthier than one might suspect.

Piper has a deposit book on their jet. It stood at 186 as of 4/07. Who knows what it is now. If they are leveraging their experience with the Meridian in designing the pressure vessel and other systems, I’d say this thing has a better chance than most.

]]> By: David Wihl http://blogs.law.harvard.edu/philg/2008/09/05/cirrus-axes-8-percent-of-its-workforce/comment-page-1/#comment-86823 David Wihl Sun, 07 Sep 2008 10:16:56 +0000 http://blogs.law.harvard.edu/philg/?p=1085#comment-86823 Cirrus is actually doing very well compared to say, Piper or Mooney. I speculate that after NBAA (early Oct.), other pistons manufacturers will be announcing bad news. How can Piper have the funds to develop their new single engine jet while shipping few piston airplanes? At least Cirrus has over real 400 deposits for their new jet, which at $100,000 each has paid a big chunk of the jet's R&D ($40M). Piper has no such luxury. Cirrus is actually doing very well compared to say, Piper or Mooney. I speculate that after NBAA (early Oct.), other pistons manufacturers will be announcing bad news. How can Piper have the funds to develop their new single engine jet while shipping few piston airplanes? At least Cirrus has over real 400 deposits for their new jet, which at $100,000 each has paid a big chunk of the jet’s R&D ($40M). Piper has no such luxury.

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