Former Cirrus Aircraft CEO Alan Klapmeier’s bid to buy the company’s jet program has failed after the two sides could not agree on a purchase price. Details of the negotiation have not been released, so it is not known how far apart the sides were, the Aircraft Owners and Pilots Association reported. Klapmeier, who stepped down as CEO in February, said in June he wanted to buy the Vision SJ-50 single-engine jet program and start his own company to finish developing the jet and start producing it. That would have left Cirrus with just its piston line of aircraft. Cirrus CEO Brent Wouters said last week the company is moving forward with detailed design of the jet, a prototype of which has completed about 200 hours of testing. Wouters said other investors interested in getting a stake in the jet program have approached Cirrus since Klapmeier’s public effort fell apart. As of this month, Klapmeier will also be losing his post as Cirrus’ board chairman, the Experimental Aircraft Association reported. That will leave the company’s co-founder with few official ties to it.