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 project has been delayed, with first deliveries now projected for 2013, influenced by economic conditions and funding availability.
- Funding for the project was secured from Asian investor Imprimus, helping to mitigate the delays.
- Despite economic challenges and program delays, Piper retains orders for over 200 jets, experiencing only a limited number of cancellations.
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