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Cirrus to have new owner

Duluth-based Cirrus Aircraft has entered a merger agreement with China Aviation Industry General Aircraft Co, CAIGA.

CAIGA will acquire Cirrus in a transaction to close in mid-2011.  The closing is subject to government approvals.

CAIGA, based in Zhuhai in the Guangdong Province of China, is a provider of general aircraft products and related services.

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