Piper Aircraft ended 2012 with nearly $149 million in annual revenue from new aircraft sales, up more than 13 percent from the previous year. This revenue increase was the result of a 16-percent rise in deliveries last year to 158 aircraft, 22 more than in 2011. Piper delivered 93 of its top-line M-Class aircraft–including 39 Meridian turboprop singles–compared with 82 the previous year, which also helped the annual revenue mix. Meanwhile, the company named Jack Mill as vice president of engineering today.
Piper Aircraft and the state of Florida reached an agreement yesterday to amend a 2008 contract to retain the company’s operations in Florida and increase investment in aircraft manufacturing facilities. Since Piper is staying in Florida and has exceeded its research and development investment obligations under the previous agreement, Florida will permit Piper to retain half of approximately $6.6 million in economic development incentives already awarded to the company.
Piper Aircraft named Piper Summit Aircraft China Beijing as its authorized dealer in China for sales of new Meridian turboprop singles. According to Piper Summit CEO Jack Chan, the annual growth rate for piston and turboprop aircraft operating in China is nearly 40 percent, with this fleet expected to expand from 1,700 aircraft earlier this year to about 7,700 by 2015. The new Piper dealer conducted Meridian demonstrations for potential customers as the airplane flew en route to Airshow China 2012 earlier this month in Zhuhai.
On Saturday at Vero Beach (Fla.) Airport, Piper Aircraft celebrated its 75th anniversary with a fly-in. More than 60 Piper airplanes, ranging from J-3 Cubs to Meridian turboprop singles, flew in for the diamond anniversary event. During the fly-in, Piper announced a Garmin G1000 upgrade for its Seminole and Archer, as well as a launch order from the Florida Institute of Technology for eight G1000-equipped Archers and options for 16 more. Piper and FIT also announced a career alliance to provide enhanced vocational opportunities for FIT aviation program graduates.
The past year has been challenging but also marked a turnaround for Piper Aircraft. CEO Simon Caldecott has been on the job for a year, and the first decision he was faced with was huge: what to do about the single-engine PiperJet Altaire program. While just before last year’s NBAA show Piper had given every indication that the Altaire would continue, Caldecott used the occasion to announce that the program was being put on indefinite hold, although Piper has retained all the intellectual property developed for the Altaire.
Piper Aircraft delivered its 500th Meridian turboprop single last week. The milestone aircraft was handed over to SouthEast Piper for delivery to the aircraft’s undisclosed Florida-based owner. “The delivery of the 500th Piper Meridian, since first delivery in 2000, emphasizes its enduring value proposition even during recent periods of economic uncertainty around the world,” said Piper president and CEO Simon Caldecott. “Single-engine Piper turboprops are growing in popularity as replacements for less economical twin-engine jets and turboprops.”
Piper Aircraft (Booth V63) head of global sales and business development Drew McEwen is leading the Vero Beach, Florida-based company’s delegation here at the Singapore Airshow. The Brunei government-owned aircraft manufacturer also comes to the Singapore show fresh under new management–until a few months ago Imprimis was directing the company; Brunei, which bought Piper in 2009, now holds the full reins.
Piper Aircraft “indefinitely suspended” the PiperJet Altaire today, just one week after announcing that the single-engine jet program was put “under review.” The Vero Beach, Fla.-based aircraft manufacturer also announced that it will lay off 150 of its 850 employees and 55 contract workers due to the program’s cancellation.
Piper Aircraft announced yesterday that it has placed the PiperJet Altaire program “under review,” clouding the single-engine jet’s future. It also named Simon Caldecott as its interim president and CEO, making him the fifth person to hold the position since Imprimis Brunei acquired the Vero Beach, Fla.
Piper Aircraft introduced improved versions of its M-Class single-engine business aircraft, which include the turboprop Meridian, the pressurized piston Mirage and the unpressurized piston Matrix. The biggest design changes result in greater pilot comfort, thanks to such enhancements as a cockpit assist handle to aid access; a fold-down copilot seat that converts to a work surface; and more elbow and hip room.