50 SKY SHADES - World aviation news

Deliveries Increase by Nearly 50% - Highest Level in Ten Years for Piper Aircraft

Download: Printable PDF Date: 25 Feb 2019 07:53 categories:
Publisher:
Deliveries Increase by Nearly 50% - Highest Level in Ten Years for Piper Aircraft - Manufacturer publisher
Tatjana Obrazcova
Aircraft: Airplanes

An increase of 48%  in aircraft deliveries for 2018 as well as a 38% increase in total aircraft billings was announced by Piper Aicraft.

Piper's segment leading growth was distributed across both primary product lines, Trainer and M-Class aircraft. Global Piper trainer demand increased more than 50% YOY. Sales of the robust single engine Archer grew by nearly 50% YOY, while twin-engine Seminole deliveries rose 117%. Additionally, sales of Piper's M-Class products, which include the M350, M500 and the M600, expanded by 36%, driving Piper's total 2018 aircraft billings to $263M, up by more than $71M vs 2017. International deliveries of Piper products showed growth of 12%, with an increase in M-Class deliveries to Brazil being a primary factor. 

In addition to Piper's sales success, during 2018 Piper Aircraft announced the certification of G1000 NXi in the Seneca, M350 and M500s, the appointment of three new Piper dealers and the largest trainer order in company history. The continued rise in demand for Piper trainers drove order backlog to nearly 700 aircraft entering 2019 and had a positive Vero Beach community impact with a 14% employment increase to 1,000 plus total. 

"2018 was an exceptional year for Piper Aircraft as we continued to deliver a measurable impact for customers, and our employees. Together with our world-class Dealer Partners the results reflect our unrelenting commitment to serving customers with quality and distinction," said Simon Caldecott, President and Chief Executive Officer at Piper Aircraft. "Over the past year, we have increased strategic investments in our facilities and products to better position Piper Aircraft to support the growing but stable demand for our diverse product lines. We also have expanded our efforts and investments to drive innovation while achieving strong financial results."

Image result for piper M600



Loading comments for Deliveries Increase by Nearly 50% - Highest Level in Ten Years for Piper Aircraft...


Recommended

Rolls-Royce completes ground-testing of technology set to power the world fastest all-electric plane

Rolls-Royce has completed testing of the ground-breaking technology that will power the world’s fastest all-electric plane. All the technology has been tested on a full-scale replica of the plan...

New sustainable biofuel partnership - VistaJet & SkyNRG

VistaJet  announces the progress it has made on its Sustainability in Aviation pledge, launched in January 2020, to rapidly and meaningfully reduce its carbon footprint, and to exp...

To accelerate business aviation green recovery, two working groups are launched

Furthering its commitment to help business aircraft operators and companies take substantial action on the UN Sustainable Development Goals, the EBAA has launched two working groups tasked with d...

Prestigious Interior Design Award goes to Falcon 6X

Falcon 6X recently won the prestigious International Yacht & Aviation Award for interior design, underscoring the unique level of comfort and spaciousness offered by the ultra-widebody twin. The 6...