Vero Beach, Fla.-based Piper Aircraft on Tuesday said it is delaying first deliveries of the single-engine PiperJet from the fourth quarter of 2012 until the second quarter of 2013. “Our successful efforts to engage a strategic, long-term ownership group coincided with a drastically weakened business environment,” Piper president John Becker wrote in a letter sent to PiperJet customers this week. “This forced us to temporarily redirect resources from the jet, but the end result is that we are today a better company with a brighter future.” To compensate for the delay, Piper favorably changed contract terms for PiperJet customers, including maintaining the price at $2.19 million and changing the CPI escalator date from Oct. 1, 2007, to the beginning of this month. Meanwhile, flight testing of the proof-of-concept PiperJet is continuing, with the aircraft already logging more than 230 hours to date. Piper has recently started testing stall speeds and stall handling characteristics with the proof-of-concept airplane. Last week at the NBAA Convention, the company announced that the PiperJet would be equipped with the new Garmin G3000 touchscreen avionics system.
PiperJet Deliveries Delayed Six Months to Mid-2013
- October 29, 2009, 11:09 AM