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This is a business decision from a company that remains economically fragile and truth be told, this jet project was a pipe dream from the start. Plans were made for an "extended line" of bigger business jets, according to Berger. Unfortunately, our "Private Jet" killing president has made the acquisition of a VLJ by a small company a red badge of excessive spending and most companies (like mine) will stick with a turbo prop or a Cirrus. And if the bean counters downstairs convince a BOD that a VLJ would make economic sense, why a new design? I flew in a friend's Embraer Phenom 100 and it, as well as the Cessna Mustang are proven aircraft and blow away anything on the drawing board of Cirrus, Piper, Diamond, Honda, Eclipse or Adam Aircraft (How long will Eclipse be back from oblivion with cash infusions of capital absent a market or direction)? Hint - two years tops. There. are simply not enough customers for each of these companies (some great, some...not so great) to get a realistic ROI at the price points promised. Funny thing is Obama now has a hand (not the main reason - just a hand) in the demise of TWO Altaire projects the other spelled Altair (the LSAM - lunar module) of the NASA Constellation Moon program cancelled in February of 2010. Hey, Piper historically used Indian names for new project airplanes. This one should been named after the famous lost tribe of Vero Beach - the "Fugawi." Legend has it that the label was incorrectly applied. You see, when asked what their tribal name was after being found wandering in the swamps of Florida, Chief Berger replied, "Where the fugawi?" Good luck chief. I own an SR22 and a beautiful Piper Cub. Is there any money left selling small prop planes? If so, then my humble advice is to "dance with her who brung ya to the dance."
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