As Piper prepares for the market introduction of the M600 single-engine turboprop, scheduled to receive its FAA certification stamp of approval in the third quarter, the Vero Beach, Florida, company is dropping the prices and adding features to its other M-class models to make them more attractive to buyers.
The Pratt & Whitney PT6A-powered M500’s price goes from $2.264 million to $1.99 million and gains a new standard executive interior. The Piper Matrix, meanwhile, sees its price drop from $940,000 to $899,000.
Piper said the goal of the repositioned M-class product line is to create pricing spacing between the models, providing a step-up path for buyers moving from the company’s high-performance piston models to turboprops.
When Piper announced the M600, it set a price of $2.82 million for the model, powered by a 600 shp PT6A-42A engine capable of delivering a top cruise speed of 260 ktas and a max payload of 1,200 pounds.
