Fri, Aug 05, 2011
Revenue From Aircraft Sales Up In The First Half Of 2011
While GAMA's overall shipment figures were down across the
board, Piper Aircraft Inc. reports that it grew its overall
billings, and total deliveries of its banner Meridian, Matrix and
Mirage single-engine aircraft series, during the first six months
of 2011, ended June 30.
Piper Meridian
The company recorded $57,300,885 in new aircraft billings over
the first six months of the year, up nearly 16 percent from the
first six months in 2010, when billings were $49,497,851. In the
first six months of 2011, Piper delivered 38 M-Class aircraft: 14
turboprop Meridians and 24 piston-powered Matrixes and Mirages,
compared with 36 total M-Class aircraft during the first six months
of 2010.
The 14 flagship Meridian turboprop deliveries were up from eight
in the same period during 2010. Second quarter 2011 new aircraft
billings were also up, totaling $31,141,182, a more than 3 percent
increase compared with $31,039,320 in the same period a year
ago.
“The company continued to achieve our internal financial
and delivery targets in the first half of 2011,” said Piper
President & CEO Geoffrey Berger. “Our efforts to align
cost structure to delivery volume have resulted in better
comparative performance year over year,” he added.
“At the same time, Piper is making enormously significant
investments for the future in bringing the PiperJet Altaire to
production.” The company’s overall first half 2011
performance continued a positive trend established during 2010 when
Piper significantly increased new aircraft market share, billings
and deliveries.
Model |
Q1 |
Q2 |
Q3 |
Q4 |
2011 |
Warrior III |
4 |
3 |
|
|
7 |
Archer LX |
0 |
1 |
|
|
1 |
Seneca V |
4 |
6 |
|
|
10 |
Seminole |
0 |
3 |
|
|
3 |
Mirage |
8 |
6 |
|
|
14 |
Matrix |
3 |
7 |
|
|
10 |
Meridian |
7 |
7 |
|
|
14 |
Total Units |
26 |
33 |
|
|
59 |
Total Billings |
$26,159,703 |
$31,141,182 |
|
|
$57,300,885 |
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