50 SKY SHADES - World aviation news

Piper Aircraft announces 26% increase in billings for 2016

Download: Printable PDF Date: 24 Feb 2017 09:50 categories:
Publisher:
Piper Aircraft announces 26% increase in billings for 2016 - Manufacturer publisher
Tatjana Obrazcova
Country: United States Aircraft: Airplanes

Piper Aircraft, Inc. announced following the release of the General Aviation Manufacturers Association (GAMA) Annual Industry Review a 26.7% increase in aircraft billings for 2016. The year-end aircraft shipments and billings numbers were presented by Piper Aircraft President and CEO, Simon Caldecott, the 2017 Chairman of GAMA.

The substantial growth was driven by the certification and delivery of the new Piper flagship M600 SETP and a 68% YOY increase of Piper Archer primary trainer aircraft which helped drive Piper total billings up by nearly $32M vs 2015. Sales of all Piper trainers were steady, showing moderate growth at .8% for 2016. Deliveries continued to be largely concentrated within the North American market with more than 80% of aircraft delivered in that region. The remaining 20% were delivered outside of North America with the majority being shipped to the countries within the Pacific Rim.

“Our commitment to bring the M600 to market in 2016 as well as implementing a build to order business model has helped increase revenue while securing the health and future of Piper Aircraft. As we look towards 2017, we are excited about the recent trainer contracts that we have been awarded, which has helped develop a backlog of orders. Additionally working in concert with our full-service Dealers we look to continue to grow M-class demand and sales,” said Simon Caldecott, President and CEO of Piper Aircraft.

Image result for Piper Aircraft



Loading comments for Piper Aircraft announces 26% increase in billings for 2016...


Recommended

Successful June for JetLoan Capital

JetLoan Capital has announced that it completed another three transactions in June: The transactions were a Gulfstream G550, with a five-year term and $14 million loan; a Citation CJ1, with an 80%...

The Belgian Air Force’s Stingers celebrate their centenary with Blackbird 4 featuring a new livery from Happy Design Studio

This year the Belgium 1st Squadron - the Stingers - based in Florennes, Belgium celebrated their 100th anniversary by commissioning an aircraft with a special livery design from Didier Wolff and H...

Air Partner’s - some predictions for the Private Aviation Market

CURRENT GLOBAL PRIVATE AVIATION MARKET “The population of Ultra-High Net Worth Individuals (UHNWIs) continues to grow globally, which is good news for private jet manufacturers. The impact th...

Statement on the Global 7000 Aircraft Flight Test Program

Safety is our top priority. Our test pilots, following an occurrence last week, followed standard procedures and returned to base uneventfully. Bombardier and GE have determined that the root c...