RIP Cirrus

Gig 601XL Builder wrote:
Rich Ahrens wrote:

Isn't this about the point at which the resident xenophobes start
ranting about the company's majority owner being an arm of the First
Islamic Investment Bank of Bahrain?

I'm not xenophoic at all and spent most summers there from 76-81. But are
you saying the US part of Arcapita (formerly known as Islamic Investment
Bank of Bahrain) didn't purchase 50 something percent of Cirrus in '01 or
'02?

I don't know how much of that has been sold off since but there was a point
in time that the statment "Islamic Investment Bank of Bahrain is the
majority owner of Cirrus" was true.

You misunderstood. It's absolutely true that Crescent Capital (now
renamed Arcapita) bought a majority stake in 2001. They also bought
controlling interest in Caribou Coffee, another Minnesota business. No,
what I'm mocking is the kind of xenophobic crap in the Skycatcher
thread: "No way am I buying any aeroplane built by them heathen
Chinee..." I expect similar ranting about Cirrus. All that profit going
to...who???

Rich Ahrens wrote:
is the majority owner of Cirrus" was true.

You misunderstood. It's absolutely true that Crescent Capital (now
renamed Arcapita) bought a majority stake in 2001. They also bought
controlling interest in Caribou Coffee, another Minnesota business.
No, what I'm mocking is the kind of xenophobic crap in the Skycatcher
thread: "No way am I buying any aeroplane built by them heathen
Chinee..." I expect similar ranting about Cirrus. All that profit
going to...who???

There is a big difference in the two situations. Actually there are several
but one is important.

In the case of the Skycatcher you have a US company moving jobs to a country
that is, to use your own word, heathen by any definition you can find, and
has a history of providing less than quality products.

On the Cirrus side you have a foreign country, that while the religion it
follows is generally anti US, has a long an productive relationship with the
west and the US in particular. And even if you hate everything they stand
for at least they are sending some of the money back to the US that we sent
over there.

What it boils down to is money into the US=Good. Money out of the US=Bad.

Gig 601XL Builder wrote:
On the Cirrus side you have a foreign country, that while the religion it
follows is generally anti US, has a long an productive relationship with the
west and the US in particular. And even if you hate everything they stand
for at least they are sending some of the money back to the US that we sent
over there.

What it boils down to is money into the US=Good. Money out of the US=Bad.

Make up your mind. You were just bitching about Cessna maximizing its
profit by outsourcing. Seems to me that profit is money into the US...

"Rich Ahrens" wrote in message
ouse.com...
Gig 601XL Builder wrote:
On the Cirrus side you have a foreign country, that while the religion it
follows is generally anti US, has a long an productive relationship with
the west and the US in particular. And even if you hate everything they
stand for at least they are sending some of the money back to the US that
we sent over there.

What it boils down to is money into the US=Good. Money out of the US=Bad.

Make up your mind. You were just bitching about Cessna maximizing its
profit by outsourcing. Seems to me that profit is money into the US...

For a few. The rest--the people who made Cessna what it was by Actually
Making the Cessnas--will have a hard time enjoying Cessna's "profits."

-c

Gatt wrote:



For a few. The rest--the people who made Cessna what it was by Actually
Making the Cessnas--will have a hard time enjoying Cessna's "profits."

Are you kidding? Cessna is going flat out right now.

"Newps" wrote in message
. ..


For a few. The rest--the people who made Cessna what it was by Actually
Making the Cessnas--will have a hard time enjoying Cessna's "profits."

Are you kidding? Cessna is going flat out right now.

You're right.
"Cessna recorded a 2005 profit of $457 million on revenue of $3.4 billion,
compared to 2004 profit of $267 million on revenue of $2.5 billion. The
company builds business jets at its factory complex at Wichita's
Mid-Continent Airport and single-engine piston aircraft at its plant in
Independence, Kan. "
http://wichita.bizjournals.com/wichi...html?hbx=e_abd

Good for them. The record profits must have been hurting them so bad, they
just had to relocate to China.

Wal-Mart's domestic factories were going flat out when they bragged to
everybody about how American they were.

-c

"Gatt" wrote in message
...

"Rich Ahrens" wrote in message
ouse.com...
Gig 601XL Builder wrote:
On the Cirrus side you have a foreign country, that while the religion
it follows is generally anti US, has a long an productive relationship
with the west and the US in particular. And even if you hate everything
they stand for at least they are sending some of the money back to the
US that we sent over there.

What it boils down to is money into the US=Good. Money out of the
US=Bad.

Make up your mind. You were just bitching about Cessna maximizing its
profit by outsourcing. Seems to me that profit is money into the US...

For a few. The rest--the people who made Cessna what it was by Actually
Making the Cessnas--will have a hard time enjoying Cessna's "profits."

Who made Cessna what it is? The workers? The management? The INVESTORS? Who
actually had $$$ at risk?

"Matt W. Barrow" wrote in
:


"Gatt" wrote in message
...

"Rich Ahrens" wrote in message
ouse.com...
Gig 601XL Builder wrote:
On the Cirrus side you have a foreign country, that while the
religion it follows is generally anti US, has a long an productive
relationship with the west and the US in particular. And even if
you hate everything they stand for at least they are sending some
of the money back to the US that we sent over there.

What it boils down to is money into the US=Good. Money out of the
US=Bad.

Make up your mind. You were just bitching about Cessna maximizing
its profit by outsourcing. Seems to me that profit is money into the
US...

For a few. The rest--the people who made Cessna what it was by
Actually Making the Cessnas--will have a hard time enjoying Cessna's
"profits."

Who made Cessna what it is?


Clyde Cessna, mostly.


Bertie

"Matt W. Barrow" wrote in message
...

For a few. The rest--the people who made Cessna what it was by Actually
Making the Cessnas--will have a hard time enjoying Cessna's "profits."

Who made Cessna what it is? The workers? The management? The INVESTORS?
Who actually had $$$ at risk?

When it comes to the ability of America, its economy and its people, we all
have $$$ at risk.

All the money in the empire couldn't have built Julius Caesar a Cessna.

All the money in the American economy wouldn't have populated general
aviation with the Cessnas that the factory workers didn't build for them.
If the Cessna investors want to make Cessna a chinese company whose profits
go to a small number of -international- shareholders (not necessarily
Americans) they should just say so. But first they should tell it to the
Americans who just lost their jobs to the communists so that handful of
investors could make more money.

-c

"Gatt" wrote in
:


"Rich Ahrens" wrote in message
ouse.com...
Gig 601XL Builder wrote:
On the Cirrus side you have a foreign country, that while the
religion it follows is generally anti US, has a long an productive
relationship with the west and the US in particular. And even if you
hate everything they stand for at least they are sending some of the
money back to the US that we sent over there.

What it boils down to is money into the US=Good. Money out of the
US=Bad.

Make up your mind. You were just bitching about Cessna maximizing its
profit by outsourcing. Seems to me that profit is money into the
US...

For a few. The rest--the people who made Cessna what it was by
Actually Making the Cessnas--will have a hard time enjoying Cessna's
"profits."

-c




So don't buy one.


Easy, see?


Bertie