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Piper reports increased deliveries, revenues

written by australianaviation.com.au | November 8, 2011

Piper Aircraft has reported an increase in deliveries and revenue this year, defying a generally downward trend across the industry.

Revenues through the end of the third quarter grew to US$92.5 million, up from US$77.6 million last year, a 19 per cent increase, the Florida based light aircraft maker said.

Piper said the growth was driven by stronger deliveries of its M-Class single engine business planes, which rose from 17 in the September quarter of 2010 to 21 this September quarter. In all it delivered 32 aircraft for the quarter.

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For the year to date, the company reported delivering 93 new aircraft and said it had its strongest backlog of orders in four years.

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