Piper reports deliveries and revenue
July 31, 2012, 05:49 pm
Piper Aircraft announced at the Experimental Aviation Association's AirVenture that the company increased aircraft deliveries and revenue during the first six months of 2012, while significantly improving aircraft performance for the general aviation community in the last two-and-a-half years.
"Piper Aircraft is the only general aviation manufacturer to offer a complete line of aircraft to help realize the flying dreams of most any pilot," reads the company's website. "From rugged, reliable trainers to high-performance turboprops, Piper creates the highest quality craft for everyone - from new pilots to adventure-seekers to serious business travelers."
Piper delivered 39 new aircraft in the second quarter of 2012, accounting for $37.4 million in revenue. The company's deliveries are up 18 percent from that same period last year, while revenue is up more than 20 percent during that same period of time.
During the first six months of 2012 Piper delivered 76 new planes, up 28 percent from the first half of last year. The deliveries generated more than $69 million in revenue, up 20 percent from the same period last year.
“Company delivery and financial performance measures are continuing an upward trend,” said Simon Caldecott, Piper president and CEO. “The company is simultaneously achieving better sales in the United States and internationally, thanks to a growing and stronger system of Piper dealers. Our single-engine M-Class line is selling well, as are Piper’s training aircraft.”
Piper has delivered 90 aircraft, accounting for $87.2 million in revenue, since 2009.
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