The economic future looks bright for Cirrus Aircraft in Duluth, which has hundreds of orders for a single-engine jet still in development.
Plans for the new jet took a hit last year due to the lagging economy. Shipments of new planes at Cirrus dropped to 270, the lowest point since 2001.
Cirrus executive Todd Simmons says the company has nearly 430 orders for the new $1.7 million jet, which will be produced in 2012.
The Duluth News Tribune reports those orders are backed with a $100,000 deposit. The new jet seats five to seven people and can fly at fairly high altitudes for corporate travel.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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