May 9, 2011
By Alton K. Marsh
Piper Aircraft reports billings of $26.16 million during the first quarter of 2011, a 40-percent gain over the first quarter of 2010. While Piper sold only two of its flagship Meridians in the first quarter of 2010, it delivered seven in the most recent quarter. The Meridian costs $2.07 million.
“Strenuous efforts to rationalize cost structure against the delivery pace, coupled with excellent individual and team performances as we continue to broaden our international reach, contributed to maintaining the company’s momentum so far in 2011,” said Piper President and CEO Geoffrey Berger.
Total new aircraft deliveries declined from 30 in the first quarter of 2010 to 26 last quarter, but the decline was offset by revenue from higher-priced models. A company press release said all targets were met. As a private company, Piper does not report total revenues and expenses.
The 26 aircraft delivered included four Warriors, four Seneca V aircraft, eight Mirage aircraft, three Matrix aircraft, and seven Meridians.
AOPA Pilot Senior Editor Alton Marsh has been a pilot since 1970 and has an airline transport pilot certificate and instrument and multiengine flight instructor certificates, aerobatic training, and a commercial seaplane certificate.
Pilots and aircraft owners have volunteered to transport hundreds of sea turtles rescued in Massachusetts to facilities equipped to care for them.
The FAA is working to automate a contingency plan developed on the fly when Chicago Center was taken out by arson from within Sept. 26.
AOPA has urged College Park, Maryland, to make approval of a hotel construction project near the city airport conditional on reducing the building’s height.
VOLUNTEER AT AN AOPA FLY-IN NEAR YOU!
SHARE YOUR PASSION. VOLUNTEER AT AN AOPA FLY-IN. CLICK TO LEARN MORE >>>
VOLUNTEER LOCALLY AT AOPA FLY-IN! CLICK TO LEARN MORE >>>
BE A PART OF THE FLY-IN VOLUNTEER CREW! CLICK TO LEARN MORE >>>