The hamstrung economy has affected almost all aviation projects, and the developmental single-engine PiperJet is no exception. Piper now plans first deliveries for 2013 – a schedule based partly on available funding, but also on when the company expects the economic recovery to occur. Piper initially announced program delays, then enjoyed a funding infusion from Asian investor Imprimus. According to the company, it lost a limited number of position holders, and currently holds orders for more than 200 of the jets.
PiperJet Now Slated for 2013 Service Entry
Key Takeaways:
- The PiperJet's first deliveries have been delayed until 2013, primarily due to economic challenges and funding availability.
- The project received a funding infusion from Asian investor Imprimus, helping to mitigate initial delays.
- Despite losing some early position holders, Piper currently maintains orders for over 200 of the single-engine jets.
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