Piper Aircraft “indefinitely suspended” the PiperJet Altaire today, just one week after announcing that the single-engine jet program was put “under review.” The Vero Beach, Fla.-based aircraft manufacturer also announced that it will lay off 150 of its 850 employees and 55 contract workers due to the program’s cancellation.
Piper PA-47 PiperJet
Piper Aircraft announced yesterday that it has placed the PiperJet Altaire program “under review,” clouding the single-engine jet’s future. It also named Simon Caldecott as its interim president and CEO, making him the fifth person to hold the position since Imprimis Brunei acquired the Vero Beach, Fla.
Piper Aircraft named 30-year aerospace veteran Michael Dow as chief of production for the PiperJet Altaire, the company’s in-development single-engine business jet. Dow was most recently group manager of manufacturing, engineering and tooling at Aurora Flight Sciences, and previously worked at Bell Helicopter for 11 years.
Piper Aircraft has selected Millennium Concepts to provide the passenger and crew seats for its new PiperJet Altaire. According to Kevin Reifschneider, Millennium’s president and managing director, the seats have been tested by the National Institute for Aviation Research and proven to withstand loads of up to 30gs while maintaining compliance with FAA requirements.
Taking advantage of the big stage at the NBAA Convention last month, Piper Aircraft introduced its evolved and renamed PiperJet Altaire, showing a mockup of the redesigned fuselage and cabin interior and describing the aircraft as “the next step” in the evolution of its single-engine very light jet program.
The 63rd edition of the National Business Aviation Association Convention & Exhibition exceeded the expectations of attendees and exhibitors alike, registering 24,206 attendees for the three-day event–an increase of more than 5 percent over attendance last year.
The L-3 Avionics Trilogy electronic standby instrument has been selected by Piper Aircraft and Pilatus as standard equipment on the new PiperJet and PC-12 NG, respectively, and as a component of the Sierra Industries G501SP digital avionics upgrade for the Cessna Citation 501. The 3-ATI backup indicator, which operates independently of other aircraft systems, is on display at the L-3 Avionics booth (No. 4308).
Piper Aircraft today is introducing its evolved and renamed PiperJet Altaire, showing a mockup of the redesigned fuselage and cabin interior and describing the aircraft as "the next step" in the evolution of its single-engine very light jet program.
The trajectory for single-engine very light jets is up and to the right. List prices for what were initially envisioned as $1 million pocket rockets are now bumping up against, and in some cases through, $2 million–and likely to go higher.