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Cessna profits plunge......OT (or is it?)



 
 
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  #11  
Old February 2nd 04, 06:08 PM
TaxSrv
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Dude wrote:

Wow, with all this bad news about Cirrus, should buyers be

concerned?

They shouldn't be. The type certificate, documentation, and tooling
are worth a lot of money. Were the present owners ever to sell,
someone else comes in with eagerness, and the existing product base
must be supported. If it follows the model of the Grumman AA-5x's,
that means acquire, raise price significantly, run into troubles, sell
out, new company raises price even more. Current FAA registrations
show only about 16 in U.S. ownership other than the new Tiger
Aircraft, after more than two years of production. Arguable reason -
price?

Fred F.

 




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