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Thu, Jul 29, 2004

Cirrus Sales Exceed Expectations

350 New Aircraft Sold Prior to Oshkosh

Cirrus is bragging... again -- and for good reason. For the past year, Cirrus Design Corporation has experienced record sales.

In fact, the company has logged a full 12 month cycle of sales exceeding 40 new aircraft sales per month - some months exceeded 60 and 70 new aircraft sales. This week, Cirrus announced the sale of their 350th new aircraft for the calendar year 2004.

“Naturally we’re very pleased with our results year to date,” said John M. Bingham, executive vice president of sales at Cirrus.

“350 aircraft sales put us more than 100 aircraft ahead of the year to date target and is 201% greater than our performance for the same period in 2003.”

Bingham added, “This is an amazing performance from our sales team as Cirrus sells aircraft factory-direct to customers. Each reported sale is in the hands of a customer – we don’t have a dealer network stockpiling inventory throughout the country”.

Customer demand for a high-quality modern aircraft that is fast, comfortable, safe, easy-to-operate and supported by more than 100 service centers, is the foundation of the Cirrus business model.

“Customers who thoroughly research the marketplace before making their purchase decision recognize the exceptional value that only Cirrus offers,” Bingham concluded. The record sales performance has been the catalyst that accelerated the increase of production to 12 aircraft per week and necessitated the hiring of 88 additional production employees and the ongoing search for engineers. Engineers can learn about job opportunities on the Cirrus Jobs Line at 218.788.3200.

FMI: www.cirrusdesign.com

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