Sixty-One Training Class Airplanes Delivered In The Reporting Period

Piper Aircraft sustained solid new aircraft customer deliveries and revenue performance during the third quarter of 2013, continuing an improving trend in a challenging economy for general aviation aircraft.
 

Reflecting a global recommitment to the pilot training market, 61 Piper Trainer Class aircraft were delivered in the first three quarters of the year, up from 45 in the similar period in 2012, an increase of more than 35 percent. Total new aircraft deliveries during the nine-month period ended Sept. 30 reached 127 aircraft, compared to 116 aircraft in the comparable period a year ago, up more than nine percent.
 
During the third quarter of 2013, Piper delivered 41 aircraft with a value of $37.2 million in sales. Revenue from new aircraft sales through the end of the 2013 third quarter grew to $113.9 million, compared with $106.9 million during the same period in 2012, an increase of 6.5 percent.
 
"While Q1 deliveries were down as a result of the pending certification of the G1000 avionics suite in our trainer products, Piper remains focused on level-loading our production.  We continue to grow our international footprint through the addition of Piper dealers and sales agents, and at the same time concentrate on fleet sales to pilot training organizations throughout the world," said Piper President and CEO Simon Caldecott. "For the future we are closely following the impact of the recent U.S. government shutdown on buying decisions and the overall economy."

FMI: www.piper.com