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

More from News

35 minutes ago

Re-live all the action from 2018’s Old Buckenham Airshow with this action-packed DVD featuring over an hour of exclusive footage

Read more
Yesterday, 16:12

Californian racer Steve Senegal has become the first person to win an Air Race in China after clinching the Air Race 1 China Cup in Wuhan

Read more
Friday, November 16, 2018

The General Aviation Manufacturers Association (GAMA) today published its 2018 third quarter aircraft shipments and billings report

Read more
Friday, November 16, 2018

Take yourself back to the 2018 STIHL National Championship Air Races at Reno with these highlights of the six Gold Races

Read more
Friday, November 16, 2018

The Duxford-based team was initially formed for just one show but now they are planning to do more in 2019

Read more
Friday, November 9, 2018

“This is the first serial-hybrid electric plane in the world with two electrically powered free-stream propellers and one combustion engine.”

Read more
Friday, November 9, 2018

Organisers have released an exciting line-up of pilots who will compete for the Air Race 1 China Cup title at Hannan Municipal Airport in Wuhan City, China

Read more
Friday, November 9, 2018

“Oriens Aviation offers an extensive maintenance facility at Biggin Hill, so its smart hangar was the perfect backdrop to showcase our amazing, one month-old Super Versatile Jet in the UK.”

Read more
Friday, October 26, 2018

Celebrated US air racing pilot Darryl Greenamyer died on 1 October at the age of 82

Read more
Friday, October 26, 2018

At October’s National Business Aviation Association Convention in Orlando Aerion Corporation predicted that its AS2 supersonic business jet will fly in 2023 and make its first transatlantic flight on 24 October that year on the 20th anniversary of the last commercial flight by Concorde

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