Piper Aircraft has reported significant increases in billings and deliveries during 2010, highlighted by the company’s solid performance in the pilot training sector.
Piper delivered 160 new aircraft in 2010, an increase of more than 75 per cent from 90 aircraft in 2009, with 53 aircraft delivered in the fourth quarter alone. The new deliveries generated more than $120 million in billings during 2010, up nearly 38 per cent from $86 million in 2009, with international exports accounting for more than half of the company’s volume by deliveries and dollars – a first for Piper in recent history.
“Piper Aircraft is very pleased with 2010 progress and performance in terms of market penetration, deliveries and dollar volume. The increases reflected our aggressive efforts towards globalizing the profile of the company,” Piper CEO Geoffrey Berger said.
“In a very challenging year for our overall industry, Piper demonstrated measurable improvement in all meaningful categories.”
Deliveries in 2010 consisted of 25 Meridian turboprops and 135 single and twin-engine aircraft.