Piper Aircraft president and CEO Kevin Gould said at last month’s Sun ’n’ Fun Fly-In in Lakeland, Fla., that the PiperJet program is on track for certification in the first half of 2013. The single-engine jet is now in the detailed design phase, and vice president of engineering Dennis Olcott told AIN that the “majority” of the design has been frozen.
Piper PA-47 PiperJet
Piper Aircraft president and CEO Kevin Gould said this week at the Sun ’n’ Fun Fly-In in Lakeland, Fla., that the PiperJet program is on track for certification in the first half of 2013. The single-engine jet is now in the detailed design phase, and vice president of engineering Dennis Olcott told AIN that the “majority” of the design has been frozen.
If it is true that an event becomes history when it is no longer referred to in the present tense, then the Great Recession still has some receding to do, despite recent suggestions by industry analysts that we are now in the market trough and the only direction is up.
While progress on the PiperJet had slowed, Piper’s acquisition by Brunei-based Imprimis has put the jet-single project “back on track,” according to Piper, “with full development of the PiperJet and other exciting production initiatives.” One of those is Piper’s choice of the Czech Sport Aircraft SportCruiser as the new entry-level Piper trainer.
Change has come fast and furious at Piper Aircraft during the past year, with sale of the company to Imprimis by majority owner American Capital in May, followed shortly thereafter by departure of president and CEO Jim Bass and most recently the resignation of president John Becker.
Vero Beach, Fla.-based Piper Aircraft said it is delaying first deliveries of the single-engine PiperJet from the fourth quarter of 2012 until the second quarter of 2013. To compensate for the delay, Piper favorably changed contract terms for PiperJet customers, including maintaining the price at $2.19 million and changing the CPI escalator date from Oct. 1, 2007, to the beginning of this month.
Vero Beach, Fla.-based Piper Aircraft on Tuesday said it is delaying first deliveries of the single-engine PiperJet from the fourth quarter of 2012 until the second quarter of 2013. “Our successful efforts to engage a strategic, long-term ownership group coincided with a drastically weakened business environment,” Piper president John Becker wrote in a letter sent to PiperJet customers this week.
Piper Aircraft announced here yesterday that it has selected the touchscreen-controlled Garmin G3000 as the avionics suite for its in-development single-engine PiperJet.Piper emphasized that the G3000’s focus on being intuitive is key to melding with the PiperJet’s goal of avoiding needless complexity and enhancing user-friendliness.
Almost 27 years after bizjet legend Allen Paulson announced–and then abandoned–the single-engine jet known as the Gulfstream Peregrine, the single-engine very light jet (VLJ) concept is inching closer to fruition.
Citing a combination of specific business challenges, market conditions and capital scarcity, the three leading single-engine VLJ contenders–Cirrus, Diamond and Piper–have either implicitly or explicitly moved their development and delivery schedules decidedly to the right.