Piper Aircraft received an order for 152 training aircraft from Fanmei Aviation Technologies, the manufacturer’s dealer in China, making the deal the largest single order for training airplanes in the company’s history. Fanmei Aviation Technologies is a subsidiary of Sichuan Fanmei Education Group Co., a leading provider of aviation education in China.
Piper Receives Largest Trainer Order in Company History
Key Takeaways:
- Piper Aircraft secured its largest-ever single order for 152 training aircraft, valued at $74 million, from China's Fanmei Aviation Technologies.
- The seven-year purchase agreement includes 100 Archer TX single-engine trainers, 50 twin-engine Seminoles, one Seneca, and one M350, with deliveries starting next month.
- This significant deal bolsters Piper's piston aircraft sales, helps establish a strong presence in the Chinese aviation education market, and contributes to addressing the global pilot shortage.
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