Piper Figures Continue to Climb

Piper Aircraft figures show an increase in new aircraft revenue during the first half of 2013, continuing a steady upward trend.

For the first half of 2013, Piper delivered 86 aeroplanes, up 13% from the 76 total deliveries during the same period in 2012, while generating $US77 million in revenue, up more than 11% from $US69 million during the first half of 2012.

Piper President and CEO Simon Caldecott said the continued improvement in deliveries was pleasing.

"Piper delivered three more M-Class aircraft during the first half of this year compared to this past year," he said. "We also delivered seven more Piper Twin Class and Trainer Class airplanes, primarily as a result of successfully incorporating Garmin G1000 avionics for pilot training applications.

"While we remain cautiously optimistic about the future, we are pleased with Piper's overall improved performance trajectory for the past three-and-a-half years."

Since 2009, when Piper generated $US87 milion in sales, the company's financial performance has improved steadily. In 2010, new aircraft revenue increased to $US120 million, in 2011 $US131 million and in 2012, $US149 million.

Piper recently announced the sale of a further 10 Archer TX trainers to US conglomerate Airline Transport Professionals, taking to 25 the number of Archers ordered by ATP.

Piper Aircraft Deliveries YTD 2013