Cirrus Design Chairman and co-founder Alan Klapmeier is a man on a special mission. He is seeking $120 million in new equity to “re-accelerate” his Vision SJ50 single-engine light jet program. Armed with a mockup of the jet, a Cirrus team headed by Klapmeier, in June completed a five-week tour of capital investors, trying to generate interest in the program—no easy task in this current market. According to Klapmeir, the Duluth, Minn.-based manufacturer is seeking $60 million over ...

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