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PiperJet Breaks New Ground for Historic Company

PiperJet
Gemini Sparkle

Key Takeaways:

  • Piper's open house for its emerging PiperJet turbofan single successfully generated five new sales and accumulated a total of 203 orders, demonstrating strong market interest despite the aircraft making its first flight only recently.
  • The PiperJet's certification and delivery schedule has been delayed to late 2011 or early 2012 to ensure thorough development, with initial flight testing suggesting the high-thrust line may not require an automatic trim compensation system, simplifying its design.
  • The program has cost $25 million to date and is estimated to reach $100 million, but Piper is confident in securing necessary funding and is already considering future products that could utilize PiperJet technology.
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In September Piper had an open house at its Vero Beach factory for customers, dealers, prospects and members of the press, to show off and discuss its emerging PiperJet turbofan single. There was no milestone or big update to prompt the event. It was just a way for Piper to get folks down to Florida to look at the airplane in flight and discuss the progress of the program. Piper missed getting the jet to Oshkosh for AirVenture by a matter of weeks — it made its first flight during the show.

The Vero event was worth the fuss and expense for Piper. In two days of customer get-togethers, it sold five of the $2.5 million jets, along with a couple of Meridian turboprop singles, the turboprops to customers who want to get some turbine time while waiting for their jet.

FLYING Staff

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