First Jet Deliveries Expected In 2014

It's no secret that Piper sees the PiperJet Altaire as the natural next step for owners of their "M-Class" airplanes... the Meridian, Mirage, and Matrix. The company announced Thursday that brand loyalty can make that step up to the jet a bit less expensive.

PiperJet Altaire, File Photo

"Piper created the Altaire Advance program to make it easier for our customers to move up to the PiperJet Altaire from any new single-engine M-Class aircraft," says Piper Executive Vice President Randy Groom. "Under Altaire Advance, Piper will discount the purchase price of the Altaire or defer a portion of the initial deposit required, depending on the new M-Class airplane being purchased."

For new single-engine turboprop Meridian buyers, Piper offers $100,000 off the $2.5 million base purchase price of the PiperJet Altaire. Buyers of new pressurized single-engine piston Mirages get $50,000 off the price of a new Altaire, while buyers of unpressurized single-engine piston Matrixes can defer $25,000 of the initial deposit of $75,000 on a new PiperJet Altaire.

Piper will escrow the initial deposit until first flight. Subsequent deposits are tied to first flight of the PiperJet Altaire conforming flight test article and nine months prior to first delivery or type certification, Groom adds. For full details, Groom encourages interested buyers to contact their Piper dealer.

The PiperJet Altaire single-engine business jet is being developed for certification and first deliveries in 2014.

FMI: www.piper.com