Piper's Growth Accelerates With Good Q2 Performance Despite the recent FAA Airworthiness directive against Piper's flagship M600 the company should be in good spirits after enjoying a good second quarter performance overall. The overall performance for Q2 is up 65-percent over the same period last year. The company posted Q2 2018 aircraft revenue of $62.3M on 53 deliveries versus $52.1M revenue on 32 aircraft deliveries in 2017. Piper’s growth in both aircraft deliveries and revenue was aided across all segments during the period with M-Class deliveries growing 11% and Trainer class deliveries more than doubling from 15 aircraft in Q2 2017 to 34 in Q2 2018, a 126% increase.
"Piper’s offering of the only complete trainer product line continues to help expand sales and long-term commitments from many of the world’s leading flight schools." said President and CEO, Simon Caldecott. "Additionally, demand for our M-Class products continues to be strong. As we look forward to the second half of the year, we anticipate continued strong performance across both primary segments with a strategic focus on the International market and robust product development." For more information: Piper 2926 Piper Drive Vero Beach, FL 32960 www.piper.com ***
