<div style="display:inline;"> <img height="1" width="1" style="border-style:none;" alt="" src="//googleads.g.doubleclick.net/pagead/viewthroughconversion/1028731116/?value=0&amp;guid=ON&amp;script=0">
CHRISTMAS OFFER Subscribe to Pilot Magazine today click here

Piper’s deliveries and revenue soar in Q3 2017

PUBLISHED: 12:38 13 October 2017 | UPDATED: 12:38 13 October 2017

Pilot web news

Pilot web news

Archant

The single-engine Archer TX lead the sales expansion as they delivered 42 aircraft worth $48.6m

Piper Aircraft, Inc. announced on October 8 its aircraft sales and delivery results for the third quarter of 2017, ending September 30th. Aircraft sales continued to grow in both the Trainer class and M-class product lines with the flagship M600 and the single engine Archer TX trainer leading the sales expansion for the company.

The company delivered 42 aircraft in Q3 worth $48.6M. The 2017 year to date revenue performance also grew over the same period in 2016 with a nearly $45M or 57% increase. Additionally Piper product deliveries have grown by 19 units, when compared to the same period in 2016, which represents a 24% increase. Piper Archer deliveries continue to expand with 55% more units delivered vs. 2016.

“In Q3, our continued investments across all of our products as well as our commitment to a made to order business model has helped drive another quarter of strong growth and sales expansion and has also resulted in the lowest dealer inventory levels that we have seen in 5 years,” said President and CEO, Simon Caldecott.

“As we look forward to the last quarter of the year, deliveries of our value leading products are expected to continue to increase with deliveries of our robust primary aircraft trainers expected to reach their highest level in 14 years.”

To find out more about Piper Aircraft Inc visit their website.

__________________________________

Follow Pilot Mag on Facebook and Twitter

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Pilot visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Pilot staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Pilot account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More from News

Friday, December 8, 2017

Keep your diary clear, these aviation events will have your December sorted.

Read more
Friday, December 8, 2017

…going to be announced later today, Friday 8 December

Read more
Thursday, December 7, 2017

On 28 November Textron Aviation confirmed long circulating rumours that it was developing a new ‘clean sheet’ twin-turboprop utility aircraft, now revealed as the Cessna SkyCourier 408, with FedEx Express as launch customer

Read more
Thursday, December 7, 2017

The All Party Parliamentary Group (APPG) on GA announced in early December that it now enjoyed the support of a record 85 Parliamentarians, making it one of the biggest APPGs in the current parliament and further strengthening the voice of GA

Read more
Thursday, December 7, 2017

Van’s Aircraft reports that an RV-7 built by David Porter of Martinsburg, West Virginia, has been ‘officially’ recognised as the 10,000th example of its RV series of homebuilts to fly

Read more
Thursday, December 7, 2017

Commercial pilots can now apply for a licence online, the UK Civil Aviation Authority (CAA) has announced. The new service is part of the CAA’s plans to update the personnel licensing system for the UK aviation industry, with private licence applications following next year

Read more
Friday, December 1, 2017

On 6 December Garmin will be hosting a webinar on the new TXi product family, hosted by Trevor Pegrum and Ben Smith of Garmin Europe

Read more
Friday, December 1, 2017

The UK Civil Aviation Authority has announced the appointment of Richard Moriarty as its new Chief Executive. Richard was appointed following ‘a rigorous selection process including a significant number of excellent candidates’. He will succeed Andrew Haines, whose term of office is due to expire in the Summer of 2018

Read more
Friday, November 24, 2017

German autogyro manufacturer AutoGyro has delivered its 1,500th MTOsport to a customer in China

Read more
Thursday, November 23, 2017

Cone dominated the final in Thailand in his Grove-Winged Cassutt after initially being relegated to third place at the start of the race

Read more

Newsletter Sign Up

Sign up to receive our regular email newsletter

Most Read


Subscribe or buy Pilot Magazine