Market Intelligence: Asia Pacific

United States headquartered training aircraft manufacturer Piper Aircraft sustained solid new aircraft deliveries and revenue performance throughout the first half of 2024. Reflecting a strong global demand, Piper is on track to deliver approximately 300 aircraft this year, a 22% increase from the previous year.

Deliveries in the first half of 2024 increased by 16% compared to the same period in 2023. Despite a marginal dip in Q1 2024, attributable to the launch and late Q1 FAA certification of Piper’s new flagship M700 FURY, the second quarter saw deliveries rise by 30% and revenue by nearly 9%.

Among the approximately 300 aircraft scheduled for this year, Piper is set to deliver nearly 50 of its new M700 FURY aircraft, with international validations and certifications expected to further boost deliveries in the second half of the year.

“Our trainer and M-Class markets remain robust and we are pleased with our delivery performance this year and the positive reception from our customers with the launch of the M700 FURY,” said Ron Gunnarson, VP of Marketing, Sales & Customer Support at Piper Aircraft. “Our dealer and factory team’s dedication to excellence and our focus on customer satisfaction have been key drivers of our success.”

As Piper Aircraft continues to expand its operations and product offerings, it remains committed to delivering exceptional value and performance to its customers worldwide.

About Piper Aircraft
Piper Aircraft Inc., headquartered in Vero Beach, Fl., offers aviators throughout the world efficient and reliable single and twin-engine aircraft and is the first general aviation aircraft manufacturer in the world to certify Garmin® Emergency Autoland. The single-engine M-Class series – the M700 FURY, M500, and M350 – offers businesses and individuals elegant performance, value and a superior ownership experience. The Personal Class Archer LX and Archer DLX balance proven performance, efficiency, and simplicity in a piston-powered aircraft. The Trainer Class Pilot 100i, Archer TX, Archer DX, and Seminole aircraft form the most complete technically advanced line of pilot training aircraft in the world. Piper is a member of the General Aviation Manufacturers Association. To learn more about Piper Aircraft, visit the company’s website at www.piper.com.

About the Piper M700 FURY
The Piper M700 FURY™ certified in March of 2024 and comes standard with the HALO Safety System, featuring Garmin Emergency Autoland. This revolutionary system includes digital technology that safely lands the aircraft at the nearest 2 suitable airport in the event that the pilot is incapacitated. Additionally, the M700 FURY G3000® avionics suite includes; Autothrottle, Emergency Descent Mode, Electronic Stability Protection (ESP™), SurfaceWatch™, SafeTaxi®, and Garmin PlaneSync™, all of which are designed to enhance safe operation of the aircraft. Beyond the flight deck, the six-seat M700 FURY is powered by a Pratt & Whitney PT6A-52 700 SHP engine. The aircraft has a maximum cruise speed of 301ktas/557 km/hr, a max range of 1852 nm/3,430 km, and a standard useful load of 2,320 lbs/1,052 kg.

Source: Piper Aircraft
Photo Credit: Piper Aircraft