Decision ‘Soon’ on Piper Aircraft Relocation

AINalerts » December 18, 2007
December 18, 2007, 11:46 AM

After the PiperJet was announced at NBAA 2006, Piper was besieged with unsolicited offers by officials from more than 60 cities to move production of the single-engine jet to their communities. This spring Piper whittled down the site selection to three cities–Vero Beach, Fla., where the manufacturer is currently located; Oklahoma City; and Albuquerque, N.M.–and a decision is expected soon. According to company president and CEO James Bass, Piper is doing final reviews of the incentive packages, which “come in different forms–grants, tax incentives and cash. Some of the tax abatements are just to even the field since a competing location doesn’t have this tax, so we really need to look hard at all of the details.” While he wouldn’t specify exactly when the decision to move or stay in Vero Beach would be made, he said Piper “would like to make a decision as soon as possible.” Piper Aircraft vice president of sales Bob Kromer hinted to AIN that a decision is imminent.

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