One month after unveiling plans to put together an investment team in order to purchase a jet-development program from Cirrus Aircraft, a company he co-founded, Alan Klapmeier apparently announced Friday that negotiations have stalled.
Klapmeier made the revelation to AVweb, an online aviation publication, which posted the news this afternoon. He told the magazine that one of the key "sticking points" in negotiations was the price of the jet program.
Our efforts to get in touch with Klapmeier late this afternoon have so far proven unsuccessful.
Likewise, Todd Simmons, Cirrus’ vice president of marketing, and Charlie Ogburn, an executive director of Arcapita Inc., which owns a majority interest in Cirrus, have not returned calls either.
This is a busy week for the likes of Simmons and Klapmeier, as both are in Oshkosh, Wis., for Airventure, the largest airshow in the nation.
On previous occasions, Cirrus management has said the company will remain committed to developing its first jet aircraft, dubbed the VisionJet, no matter what came of negotiations with Klapmeier and his investment group.
Klapmeier had expressed hope that with additional investment, he could accelerate the development of the new jet aircraft.