Piper Drops Prices of M Class Models

Across-the-board price adjustments make room at the top for new M600 turboprop, due for FAA certification this spring.

Piper M500
Piper is dropping the price of its M500 model.Piper

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.