MEMBER ALERT: AOPA will close at 2:30 p.m. Eastern time for a company-wide activity and will reopen July 23 at 8:30 a.m.We apologize for the inconvenience.
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.
Unable to climb, and unable to lower the nose to accelerate without contacting the ground, he is in a spot.
Baron Services, which provides the digital weather data delivered to many avionics systems and portable devices, is offering new data for world travelers.
July 18, 2014 ePilot Training Tip: A good track
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 >>>