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PIPER DISPLAYS SINGLE-ENGINE BUSINESS AIRCRAFT LINE AT NBAA

Las vegas, Nev. - October 4, 2011

Piper Aircraft Inc. is exhibiting its single-engine business aircraft product line and a mockup of its new Altaire business jet at the 2011 National Business Aviation Association (NBAA) Annual Meeting and Convention held here Oct. 10 through Oct. 12.

Piper will exhibit its M-Class business aircraft at a special outdoor static display area that provides NBAA attendees with unprecedented access to airplanes near the indoor exhibits and education sessions at the Las Vegas Convention Center. The single-engine M-Class lineup includes the turboprop Meridian and piston-powered Mirage and Matrix.

In addition, inside the convention center at Exhibit C6610, the company is displaying a mockup of the Altaire single-engine business jet that has been on an extensive North American tour. Piper announced the Altaire business jet at NBAA 2010.

 

Timing Right for Single-Engine Business Aircraft
“The timing is perfect to show Piper’s range of efficient single-engine business aircraft at NBAA this year, including our turboprop and jet aircraft,” said Piper Executive Vice President Randy Groom.

“Looking at how single-engine turboprops have evolved in the business aircraft market, a cabin-class single engine corporate jet is the next logical step. Reliable turbine-powered business aircraft like the Piper Meridian have already paved the way,” said Groom.

“The Altaire business jet will build on that legacy, while adding jet speed and overall performance. In my view, the corporate market appears to be primed and ready for the value proposition the single-engine jet has to offer. In addition, with the deadline looming for expiration of bonus depreciation tax incentives, we are looking forward to the last few months of 2011.”

Piper Aircraft Inc. is making the transition from any new aircraft in its M-Class lineup – the Meridian, Mirage and Matrix – to the new PiperJet Altaire attractive to company loyalists. Piper created the Altaire Advance program to make it easier for customers to move up to the Altaire business jet from any new single-engine M-Class aircraft. Under Altaire Advance, Piper discounts the purchase price of the Altaire business jet.

Bonus Depreciation and Jet Incentives
“There is a limited time to put an order down for an Altaire business jet with a reduced price for delivery in a couple years and at the same time take advantage of accelerated depreciation on one of the Piper M-Class aircraft you can fly in the meantime,” Groom said.

For new single-engine turboprop Meridian buyers, Piper offers $100,000 off the base purchase price of the Altaire. Buyers of new pressurized single-engine piston Mirages get $50,000 off the price of a new Altaire, while buyers of unpressurized single-engine piston Matrixes can receive a $25,000 discount. Piper escrows the initial deposit until first flight. Subsequent deposits are tied to first flight of the conforming flight test article and nine months prior to first delivery or type certification. For full details, Piper encourages interested buyers to contact a Piper dealer.

 

About Piper Aircraft
Piper Aircraft, Inc. is headquartered in Vero Beach, Fla. A global force in aviation, Piper offers efficient single-engine and twin-engine trainer, personal and business aircraft. Piper Aircraft designs, manufactures, sells and supports the strongest and broadest single-engine product line in the industry, from high-performance pistons to turboprops to the world’s most fuel-efficient seven-person business jet, the PiperJet Altaire. With economical acquisition and operating costs, Piper airplanes deliver the best value available today and into the future. 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
Mail to: Jackie.Carlon@piper.com
piper.com