Piper Aircraft experienced over a 40 percent increase in Q1 deliveries and a jump in sales revenue to $31.5 million compared to the previous year.
This marks the third consecutive year of Q1 growth, primarily driven by international sales, which outstripped U.S. deliveries, especially strong demand for M-Class aircraft in Europe.
The positive trend follows a tumultuous period, including the suspension of the PiperJet Altaire program, with the company now refocusing on its turboprop and piston aircraft lines.
Piper Aircraft deliveries shot up more than 40 percent during the first quarter of the year in comparison to 2011, according to positive performance numbers announced by the company on Tuesday.
The increase constitutes the third consecutive year Piper has posted Q1 growth, and illustrates the growing impact of international sales on the company’s bottom line.
CREATE A FREE ACCOUNT
Sign up to keep reading
Create a free account to continue. Already a member? Sign in below.
