Yes, to some degree it is true, not to the strength of your friends comments. Background, when Cirrus was trying to raise the money to capitalize production expansion, they could not find any US based investors. In fact they could not find any investors other than a handful of supportive folks and some position holder that invested some money in them. A number of folks on COPA are shareholders, I am one of them.
At that point in time Cirrus was turning out a few airplanes per month and it looked like they could never become viable. So it literally saved them - they would either be bankrupt or a money losing niche player raising prices producing a few planes per month and losing potential sales due to economics (like the Mooney and Beech model and we all know where that went) if they had not gotten this investment. And to think they are laughing all the way to the bank is somewhat a misnomer, they have not made any money on the deal and as investments go it has to be a marginal one - so it might be better thought of as a underwriting of US production that no one in the US would do. But haven’t they all been since 9/11?
Do not think this is a Cirrus problem, the money to fund Lancairs expansion did not come and they languished producing a few planes until the Malaysian investors came through with like $25M. The is strong Muslim sentiment there as well.
At the end of the day Cirrus is a corporation and they did what they had to. The alternative was worse and frankly the Bahrainians (btw a bank, not Shieks - although one could surmise some rich guys hold most of the money) have been patient capital (all one could expect) and frankly they are not extremists. They are businessmen. Its the small extremist groups we need to worry about, not the businessmen. To write off a whole population of people because of a few…well you can fill in the rest. If that happened global trade would vanish and our world as we know it would not exist. And I suspect this discussion would be academic as no one could afford a plane.
My .02 for what its worth. Everyone is entitled to their opinion, but I obviously think this should not be a factor when you make a choice…