Piper Aircraft Showing Strong Growth
In New Aircraft Sales
February 28, 2011 - Piper Aircraft Inc. significantly increased its new aircraft market share, billings and deliveries during 2010, highlighted by the company’s performance in the pilot training sector. And for the first time in recent Piper history, international exports accounted for more than half of the company’s volume by deliveries and dollars.
For the year 2010, Piper delivered 160 new aircraft, up more than 75 percent from 90 aircraft in 2009. The new deliveries contributed more than $120 million in billings, up nearly 38 percent from $86 million in the previous year.
combined turboprop and piston markets where it currently
competes, overall Piper market share for new aircraft deliveries
grew from 10.5 percent in new aircraft unit volume in 2009 to
20.1 percent market share during 2010. Leading Piper’s
resurgence in 2010 were worldwide deliveries of 47 training
aircraft to pilot training institutions in
Aircraft is very pleased with 2010 progress and performance in
terms of market penetration, deliveries and dollar volume. The
increases reflected our aggressive efforts towards globalizing
the profile of the company,” said Piper Chief Executive Officer
Geoffrey Berger. “In a very challenging year for our overall
industry, Piper demonstrated measurable improvement in all
Aircraft, Inc., is a manufacturer of general aviation aircraft,
located at the
its founding in 1927 and the end of 2009 the company has
produced 144,000 aircraft in 160 certified models, of which
90,000 are still flying. Manufacture ceased in the mid 1980's
when increasing insurance premiums made continued operation
financially impossible for Piper Aircraft and other American
sellers of light aircraft.
limitation of liability provided by new legislation in the early
90's, manufacturing re-commenced in 1995. The firm was
re-branded New Piper Aircraft at that time.
On July 2003,
American Capital Strategies, Ltd. bought 94% of Piper's voting equity.
In August 2006 the firm dropped the "New" from its name, reverting to
Piper Aircraft. Also in that month, a partnership with Honda was
announced to market the new HondaJet.
On 1 May 2009
American Capital Strategies sold the company to Singapore-based
investment strategy company Imprimis, making a profit of US$31M on the
sale. Piper headquarters will remain in
During the fourth quarter of 2010, Piper delivered 53 aircraft accounting for $42.6 million, up from 21 aircraft valued at $18.8 million the previous year. Included in the total deliveries for 2010 were 25 turboprops and 135 single and twin-engine aircraft. Piper’s 2010 deliveries:
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