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By Steve Hall |
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February 28, 2011 - Piper Aircraft Inc. significantly
increased its new aircraft market share, billings and
deliveries during 2010, highlighted by the company’s
performance in the pilot training sector. And for the
first time in recent Piper history, international
exports accounted for more than half of the company’s
volume by deliveries and dollars. For the year 2010, Piper delivered 160 new aircraft, up more than 75 percent from 90 aircraft in 2009. The new deliveries contributed more than $120 million in billings, up nearly 38 percent from $86 million in the previous year. |
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Within the
combined turboprop and piston markets where it currently
competes, overall Piper market share for new aircraft deliveries
grew from 10.5 percent in new aircraft unit volume in 2009 to
20.1 percent market share during 2010. Leading Piper’s
resurgence in 2010 were worldwide deliveries of 47 training
aircraft to pilot training institutions in
“Piper
Aircraft is very pleased with 2010 progress and performance in
terms of market penetration, deliveries and dollar volume. The
increases reflected our aggressive efforts towards globalizing
the profile of the company,” said Piper Chief Executive Officer
Geoffrey Berger. “In a very challenging year for our overall
industry, Piper demonstrated measurable improvement in all
meaningful categories.”
Piper
Aircraft, Inc., is a manufacturer of general aviation aircraft,
located at the
Between
its founding in 1927 and the end of 2009 the company has
produced 144,000 aircraft in 160 certified models, of which
90,000 are still flying. Manufacture ceased in the mid 1980's
when increasing insurance premiums made continued operation
financially impossible for Piper Aircraft and other American
sellers of light aircraft.
Upon
limitation of liability provided by new legislation in the early
90's, manufacturing re-commenced in 1995. The firm was
re-branded New Piper Aircraft at that time. |
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