Register
Aircraft

Piper Aircraft’s Deliveries, Revenue Up in Q3

Bethany Whitfield
Verified
Gemini Sparkle

Key Takeaways:

  • Piper Aircraft reported a strong third quarter in 2011, with revenue increasing over 25% to $35.3 million and improved delivery numbers compared to the previous year.
  • The company's backlog reached its strongest level in four years.
  • Despite delivering more aircraft internationally, domestic sales, particularly of the Piper Meridian, generated higher revenue.
  • These positive financial results were juxtaposed with the indefinite suspension of the PiperJet Altaire program due to the ongoing economic downturn.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.

Piper Aircraft on Monday reported better delivery and revenue numbers during the third quarter of 2011 than the company did one year ago, based in part on stronger Piper M-class aircraft deliveries.

The company’s revenue jumped more than 25 percent this year compared to 2010, rising from $28.1 million to $35.3 million. According to Piper president and CEO Simon Caldecott, the company’s backlog is also the strongest it has been in four years.

Bethany Whitfield

Ready to Sell Your Aircraft?

List your airplane on AircraftForSale.com and reach qualified buyers.

List Your Aircraft
AircraftForSale Logo | FLYING Logo
Pilot in aircraft
Sign-up for newsletters & special offers!

Get the latest stories & special offers delivered directly to your inbox.

SUBSCRIBE