Cirrus Vision Jet has a 1-billion-dollar sales backlog!

Cirrus Vision SF50 Jet assembly fuselage, photo credit Wire magazine 2017
Cirrus Vision SF50 Jet assembly fuselage, photo credit Wire magazine 2017

Pat Waddick, Cirrus Aircraft’s president of innovation and operations recently said the company has more than 600 jet customers waiting for their airplanes to be delivered.  This is great news for the General Aviation industry and American manufacturing.  This sales number has been mentioned in aviation articles, but the discussion quickly moves on to another topic.

Cirrus jets are priced at about $2 million apiece which makes these sales a $1,200,000,000 book of business!  Each customer has paid $100K upfront. That’s $60M in deposit payments! Has there ever been a light aircraft pre-sales book of business comparable to this in the history of GA?

Who are these Vision Jet customers? Why did they write that $100,000 deposit check years ago? What compelled a decision even before the jet was certified? Many of the position holders want to remain

Cirrus Vision SF50 Jet Exterior Engine, photo credit Wired magazine 2017
Cirrus Vision SF50 Jet Exterior Engine, photo credit Wired magazine 2017

anonymous.  But we do know ~75% of them are Cirrus piston pilots.  And, the book of business is global.  About eighty of the 600 early position jets are scheduled for Latin America alone.

Most light aircraft manufacturers’ shipments are flat or seeing a slowdown.  But not Cirrus.  Innovation is winning sales and transforming GA.  We need to see more of that. Not naysayers that complain the view isn’t changing. As in a dog-sled pull, they say the view only changes for the leader.

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What’s the price of a new Cirrus Vision SF50 Jet?

2017 Cirrus Aircraft Vision SF50 Personal Jet, photo credit wikiWings
2017 Cirrus Aircraft Vision SF50 Personal Jet, photo credit wikiWings

If you’re a piston pilot like me, you may have not seen Cirrus Vision Jets for sale on Controller or Trade-A-Plane.  I tend to just click on piston engine listings.  But if you select “Jet Aircraft” you’ll now see Vision Jets. Cirrus has pre-sold 600 jet deliveries. As of this week, twenty (20) of those delivery positions are for sale on Controller.

Lone Mountain Aircraft and Aerista (formerly TAS Aircraft Sales) are market makers for pre-sold positions in Cirrus Vision SF50 Jets.  Both companies are part of Cirrus Aircraft’s pre-owned sales network.

Mark Rodgers founded Lone Mountain Aircraft in 2008.  I caught up with him this week to discuss sales of pre-owned Cirrus Vision SF50 Jet positions.  Mark said, the resale prices are based on four components:

  1. Contract price
  2. Consumer Price Index (CPI)
  3. Aircraft options
  4. Premium

Contract price: On Controller you’ll see 2018 jet positions listed for $1,390,000, which includes a $100,000 deposit. If an existing agreement is resold, the position holder would be refunded the deposit by the buyer. Initial contracts were signed with early position holders prior to the jet being certified. Some were signed ten years ago. Continue reading “What’s the price of a new Cirrus Vision SF50 Jet?”

What is the Cirrus Vision Jet’s competitor operating cost?

For these comparisons, the 2016 Conklin and de Decker operating cost report for jets and turboprops was used. The Cirrus Vision SF50 Personal Jet has the lowest variable operating cost among any jet on the market ($595 per hour).  And, here’s what some pilots are calling a competitor list of competing products: Continue reading “What is the Cirrus Vision Jet’s competitor operating cost?”

What’s the Cirrus Vision SF50 Jet operating cost?

2017 Cirrus Vision SF50 Personal Jet, photo credit wikiWings
2017 Cirrus Vision SF50 Personal Jet, photo credit wikiWings

At $595.30 per hour, the Cirrus Vision SF50 Personal Jet has the lowest variable operating cost among any jet on the market.  That expense number is from the 2016 Conklin and de Decker operating costs for jets and turboprops. For the second year, AOPA Pilot has offered the exclusive report to its members.  You can view the full report on AOPA’s website.

At the Cirrus Austin Texas Get Together (CATGT) I spoke with Justin Dillion, a Cirrus Vision Jet pilot.  He’s the Senior Regional Sales Director for the Western United States. Justin was familiar with the Conklin and de Decker operating cost report.  But he said, true operating cost for the Cirrus Vision Jet is slightly higher at about $650 per hour. It’s still the lowest operating cost among any jet on the market.

At FL280, the Vision Jet burns about 65 gallons per hour and has a TAS above 300 knots.

Justin proceeded to tell me about the Cirrus Vision Jet concierge maintenance program.  It’s complete coverage nose to tail.  Even normal wear and tear items like tires and brakes are included.  You choose the concierge package from 1 – 3 years.  Then all you pay for is fuel.  Yep, gotta have that – just gas and go.  Contact your local Cirrus Sales Representative for details or keep in touch here.  I may write about the Vision Jet concierge program in a future post. Continue reading “What’s the Cirrus Vision SF50 Jet operating cost?”

We joined Cirrus Aircraft enthusiasts in Austin Texas – May 2017

Cirrus Austin Texas Get Together May 2017, photo credit wikiWings
Cirrus Austin Texas Get Together May 2017, photo credit wikiWings

On May 6, 2017, the second Cirrus Austin Texas Get Together (CATGT) occurred at Austin Executive Airport (KEDC). People arrived by both car and plane. Once again, music lightened the air and aircraft were on display in the large Hendrix Jet Center hangar next to the FBO.  Several new G6 and G5 SR22’s were there along with the new Cirrus Jet.  Rudy’s catered a great barbecue food feast.  More than 120 Cirrus enthusiasts came together for an evening of music, food, fellowship and learning.

It was another example of the “Cirrus Life.” A journey with memorable moments and people carried along in personal stories about flying.  It’s also about how today’s general aviation is transforming life among business, family and friends.

The 2017 Cirrus Vision SF50 Personal Jet was front and center.  It was my first time to see the jet in person.  The ramp stature of the aircraft is impressive. It has a higher stance and larger presence than the Eclipse Jet. And, the “V” quad tail is a striking style statement.  Inside is a first class interior with a state-of-the-art avionics flight deck – called Cirrus Perspective Touch™ by Garmin. Continue reading “We joined Cirrus Aircraft enthusiasts in Austin Texas – May 2017”

Have you seen the Cirrus Vision Jet flight deck?

Piloting the SR22TN Cirrus Perspective by Garmin at 12,000 feet, photo credit wikiWings
Piloting the SR22TN Cirrus Perspective by Garmin at 12,000 feet, photo credit wikiWings

The new Vision Jet flight deck called Cirrus Perspective Touch by Garmin is impressive.  It’s leading technology that sets the standard for the Personal Jet category. The reality is – most existing turboprops and jets aren’t even close to this level of avionics. The avionics are based on Garmin’s G3000 system, and Cirrus says, Perspective Touch “is more integrated and capable than traditional off-the-shelf products.” It is Cirrus and Garmin at their best in yet another collaborative design project that may just be the class leader for years to come.

Remember, in 2008 it was the same innovative cross-organizational teamwork that first released Cirrus Perspective by Garmin in SR22 airplanes – almost a decade ago.  A continuing great success.

Try to find a 2008 pre-owned Cirrus Perspective SR22 on the market today.  You might see one or none of the 2008 normally aspirated planes and three or four Turbos.  The 2008 Perspective pre-own supply slack is just gone.  It’s the model year aviators seek for the first Perspective flight decks on Cirrus SR22’s. Pilot demand is strong.   Continue reading “Have you seen the Cirrus Vision Jet flight deck?”

A Cirrus SR22 pilot shares his transition into the Cirrus Vision Jet

The Vision SF50 Personal Jet by Cirrus Aircraft
The Vision SF50 Personal Jet by Cirrus Aircraft, photo credit wikiWings

Brad Pierce is a Cirrus SR22 pilot and a early position holder in the Cirrus SF50 Vision Jet (position # 75).  He took a demo flight in the new jet and wrote a good article about the experience.

He blogs at Brad in Motion.  To read the entire article click here:  http://www.bradinmotion.com/2017/03/19/flying-the-cirrus-aircraft-vision-jet-sf50/

 

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The Cirrus Vision SF50 Jet was seen in Addison Texas

Cirrus SF50 Jet, Addison, TX photo credit wikiWings
Cirrus Vision SF50 Jet, Addison, TX credit wikiWings

A fellow pilot spotted the Cirrus Vision SF50 Jet on the ramp in Addison Texas.  I’m looking forward to this being a more common site.

On Saturday May 6, 2017 from 5:30pm until 9pm, the new Cirrus SR22-G6 airplanes will be on display in Austin TX at Executive Airport (KEDC). And, rumor has it the Cirrus SF50 Jet will be on site also.  It’s the spring Cirrus Austin Texas Get Together (CATGT). You should sign up now and plan on attending this fun event. There will be food and several speakers. Contact Ed McCombs through COPA for reservations.

Last October more than 90 aviation enthusiasts came together at CATGT.

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