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First Piper M500 Delivered Into Switzerland

April 20, 2016

FREIDRICHSHAFEN, Germany, April 20, 2016 –Piper Aircraft has confirmed the sale of the first Piper M500 into Switzerland to Mr. Michael Hoerler and will be based at Wangen-Lachen. The customer is expected to take delivery of the aircraft within the next few months.   Mr. Hoerler is upgrading from a 2011 Piper Mirage and will use the M500 for personal travel throughout Europe.

“Piper is thrilled that Mr. Hoerler is stepping up from a Mirage and has selected the M500 to meet his travel requirements,” said Piper President and CEO Simon Caldecott. “This is the first new Piper M500 to see service in Switzerland and we are confident that it will perform its mission with established Piper economy and reliability.”

“The M500 is a unique aircraft,” said Simon Caldecott, President and CEO at Piper Aircraft. “We cannot emphasize enough the value, performance, and safety that defines this plane. We continue to increase our international presence by providing a compelling product line that is economically and operationally advantageous to aviators around the world. We are pleased to work with Piper Deutschland for this initial European sale of the M500.”

Piper announced the new M500 product during the first quarter of 2015. With the latest advancements in Garmin avionics for increased flight safety, as well as additional functionality improvements, the M500 is characterized by multiple performance enhancements not typical of this class of turbine aircraft. Piper has received increased positive acclaim for improving upon the company’s existing exceptional flagship aircraft, the Meridian.

“We have witnessed great enthusiasm and increased interest in the M-Class series upon the announcement of the M500, “ said Drew McEwen, Vice President of Sales and Marketing at Piper Aircraft. “This aircraft, while the first in Switzerland, will join a growing number of M500 aircraft in Europe. We are pleased to deliver another M500 into the European market, and anticipate additional requests for this aircraft.”

About Piper M500

The Piper M500 features the latest in Garmin G1000 avionics, enhanced safety features, and a number of other significant product improvements. The six-place M500 is powered by a Pratt & Whitney PT6A-42A 500shp engine, sports a 260 KTAS / 482 km/h max cruise speed and has a range of 1,000 nm / 1,852 km. Equipped with an improved Garmin G1000 avionics suite featuring the most advanced safety features available in any single engine turboprop aircraft, the 2016 M500 is listed at a competitive price of $1.99 million.

About Piper M-Class Aircraft

Piper M-Class aircraft offer Piper performance and safety built upon a proven airframe that has been an industry standard for years. Three refined, cabin class derivatives comprise the full line: the M600, M500, and the M350; the Matrix is also part of the M-Class family. Each product fits its own niche and price point, and each aircraft provides a seamless step-up to the next level. Created to maximize the business and private travel experience, the M-Class line offers market-leading safety, as well as performance, efficiency, and value.

About Piper Germany

Piper Deutschland AG, more commonly known as Piper Germany Group, has been in operation since 1968. Operating out of Kassel Airport in the center of Germany and has locations in the United Kingdom and France. Piper Germany operates in three distinct business units: Aircraft Sales, Aircraft Parts and Aircraft Maintenance. The company is also a leading supplier of parts and components to the general aviation industry being the largest distributor of original Piper spare parts in Europe. Piper Germany is a public-traded company listed on the stock exchange employs approximately 60 people and lists various clients, business partners and staff members as shareholders of the company.

About Piper Aircraft
Piper Aircraft Inc., headquartered in Vero Beach, Fla., offers aviators throughout the world efficient and reliable single- and twin-engine aircraft. The single-engine M-Class series – the M600, M500, M350, and Matrix – offers businesses and individuals elegant performance and value. The Twin Class Seneca and Seminole balance proven performance, efficiency, and simplicity in twin-engine aircraft. The Trainer Class Warrior, Archer TX, Archer DX, Arrow, Seminole, and Seneca aircraft form the most complete technically-advanced line of pilot training aircraft in the world. Unparalleled service and support is offered through a network of 38 dealers and nearly 100 service centers worldwide. All Piper airplanes feature advanced Garmin avionics in the cockpit. Piper is a member of the General Aviation Manufacturers Association.

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Piper Aircraft Inc.
For further information, contact:
Jackie Carlon
Phone: (772) 299-2900
Fax: (772) 978-6585
Jackie.Carlon@piper.com
piper.com