3 ISSUES FOR JUST £3 Subscribe to Pilot Magazine today click here

Piper’s deliveries and revenue rise in first quarter 2018

PUBLISHED: 09:51 27 April 2018 | UPDATED: 11:15 27 April 2018

The durable and versatile Archer continues to lead Piper’s sales worldwide

The durable and versatile Archer continues to lead Piper’s sales worldwide

Archant

Piper Aircraft Inc. announced today its aircraft sales and delivery results for the first quarter of 2018, ending March 31

The company continued to grow its new aircraft deliveries and revenue with the company’s flagship product, the turbine powered, M600 leading the company’s performance success.

Additionally, Piper trainer sales growth continues to be led by the proven Archer platform with sales backlog into Q3 2019.

First quarter 2018 performance showed a positive trend on the heels of a 27% growth in billings for 2017. Airplane deliveries increased more than 36% to 34 aircraft in the first quarter of 2018, up from 25 airplanes during the first quarter of 2017.

New aircraft sales revenue grew more than 77% to $41,379,227, when compared to sales of $23,383,514 during the same period the previous year. The growth in revenue reflects strong demand for M-class products with the M600 sales expanding by more than 100%.

“Our first quarter performance is a strong indicator of the demand for all Piper products across the board and continues the consistent growth in sales that we began to experience in 2016,” said Piper President and CEO Simon Caldecott.

“Our sales success is made possible by our dedicated, experienced workforce, world class /full service Dealer Partners and a stable, long term focused ownership body.”.

More from News

Fri, 09:52

Airways Aviation Academy, a global flight training academy, has signed an agreement to pre-order 10 Elixir training aircraft

Read more
Fri, 09:29

Multi Pilot Simulations (MPS) has been contracted by Skyborne, a brand new airline pilot training academy based in the UK, to deliver the world’s first fixed-base B737 MAX simulator for its new, state-of-the-art training centre at Gloucestershire Airport

Read more
Thu, 17:26

The society have already voiced their opposition to the CAA’s decision to impose controlled airspace around Farnborough Airfield and are now accepting donations to fund their challenge

Read more
Wed, 14:49

The All-Party Parliamentary Group on General Aviation (APPG-GA) has launched a major inquiry into UK airspace and how it is managed with the report and hearings to be chaired by Lord Kirkhope of Harrogate

Read more
Tuesday, September 11, 2018

The Long Wing variant of the Europa XS has received approval from the UK LAA. Europa are also offering a special discount on Long Wing kits

Read more
Monday, September 10, 2018

The CAA has identified an emerging trend of rough running Gypsy Major engines and even engine failures. These are believed to be caused by the use of 100LL avgas in Gypsy Major engines, and the CAA is contacting owners of aircraft powered by these engines with updated maintenance advice

Read more
Friday, September 7, 2018

FLARM Technology and uAvionix have announced a partnership to collaborate on Electronic Conspicuity (EC) and Detect and Avoid (DAA) solutions for manned and unmanned aircraft

Read more
Friday, September 7, 2018

Jon was awarded the scholarship at the LAA Rally which took place at Sywell Aerodrome over the first weekend on September

Read more
Friday, September 7, 2018

Here’s what’s happening across Great Britain for all of you aviation lovers this September

Read more
Thursday, September 6, 2018

Two new flying scholarships for 2019 are being offered by the Nick Davidson Memorial Trust charity based at London Biggin Hill Airport

Read more

Newsletter Sign Up

Pilot weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most Read


Subscribe or buy Pilot Magazine