Aethlon’s relationship with Cirrus Aircraft began in 1996, when we raised the first outside round of equity capital for the company. We secured successive rounds of equity capital in subsequent years and initiated a strategic relationship with Arcapita, which purchased a controlling interest in Cirrus for $100 million.
Cirrus Aircraft is the recognized global leader in personal aviation and the maker of the best-selling SR Series piston aircraft and the Vision Jet, the world’s first single-engine Personal Jet. The company reported $492 million in revenue in 2020.
Founded in 1984, the company has redefined performance, comfort and safety in aviation with innovations like the Cirrus Airframe Parachute System® (CAPS®) – the first FAA-certified whole airframe parachute safety system included as standard equipment on an aircraft. To date, worldwide flight time on Cirrus aircraft has passed 11 million hours and 192 people have returned home safely to their families as a result of the inclusion of CAPS as a standard feature on all Cirrus aircraft. The company has four locations in the United States, located in Duluth, Minnesota; Grand Forks, North Dakota; Knoxville, Tennessee and McKinney, Texas. Find out more at www.cirrusaircraft.com.
Aethlon Capital was instrumental in helping Cirrus raise its Preferred A, B, and C round of equity capital at a critical time in the company's life cycle. Then after the large national investment we hired failed to deliver, we went back to Aethlon and they were able to raise $100 million for a controlling interest in our company. Aethlon is an investment bank you can trust.