FOR IMMEDIATE RELEASE

PIPERJET LINKAGE PROGRAM PROVIDES

SUBSTANTIAL INCENTIVES

PALM SPRINGS, Calif., AOPA Expo, Nov. 9, 2006 – Piper Aircraft, Inc. is offering substantial incentives on purchase of the revolutionary PiperJet to customers who buy a factory-new Piper 6X/6XT, Saratoga HP/TC, Seneca V, Mirage, or Meridian before December 31, 2006.

For those who purchase a factory-new Meridian between now and the end of the year, Piper will provide a $100,000 credit toward the purchase of a PiperJet. For those who buy a factory-new Piper 6X/6XT, Saratoga HP/TC, Seneca V or Mirage between now and the end of the year, Piper will provide a $50,000 credit toward the purchase of a PiperJet. The credit will apply provided customers place their orders for the PiperJet within 12 months of their qualifying purchase.

"In addition to linking the purchase of a new aircraft today with the PiperJet, customers assure themselves an early place in delivery of the PiperJet," said James K. Bass, President & CEO of Piper Aircraft. "To date, sales of the PiperJet have been brisk, with scores of deposits already placed. At this rate, our order book for the first year of production is rapidly filling up."

For incentives on any aircraft other than the PiperJet, Piper will offer a credit of $50,000 toward the purchase of any factory-new Piper aircraft of greater value than those purchased by customers who buy a factory-new Piper 6X/6XT, Saratoga HP/TC, Seneca V and Mirage between now and the end of the year. The credit will apply provided customers place their orders within 24 months of their 2006 year-end purchase.

This additional linkage program is in keeping with Piper’s long-standing practice of encouraging and helping its customers move safely through the Piper model lineup. It further complements Piper’s roadmap for reaching PiperJet ownership.

Piper announced last month at the National Business Aviation Association’s Annual Meeting and Convention that it would expand into the jet market with the all-new PiperJet, a revolutionary new aircraft that will offer customers a class-setting combination of performance, style, utility, capability and pricing. Priced from $2.199M (in 2006 USD with a CPI-W escalator), the PiperJet will provide unbeatable value while delivering Piper’s legendary uncompromising standards.

Capable of reaching a cruising speed of 360 knots* and a maximum operating altitude of 35,000 feet*, the PiperJet will accommodate six passengers – with an option for either a seventh seat or enclosable lavatory – as well as offer a mission-capable profile and sensuous luxury that sets the standard in its class, with a range of 1,300 nautical miles* and a full-fuel payload of 800 lbs.*

"The PiperJet breaks the mold in o