Piper delivers 42 planes in Q3
Piper Aircraft announced its aircraft sales and delivery results for the third quarter of 2017, ending September 30th. Aircraft sales continued to grow in both the Trainer class and M-class product lines with the flagship M600 and the single-engine Archer TX trainer leading the sales expansion for the company.
The company delivered 42 aircraft in Q3 worth $48.6M. The 2017 year to date performance also grew over the same period in 2016 with a nearly $45M or 57% increase. Additionally, Piper product deliveries have grown by 19 units, when compared to the same period in 2016, which represents a 24% increase. Piper Archer deliveries continue to expand with 55% more units delivered vs. 2016.
"In Q3, our continued investments across all of our products, as well as our commitment to a made-to-order business model has helped drive another quarter of strong growth and sales expansion and has also resulted in the lowest dealer inventory levels that we have seen in 5 years," said President and CEO, Simon Caldecott. "As we look forward to the last quarter of the year, deliveries of our value leading products are expected to continue to increase with deliveries of our robust primary aircraft trainers expected to reach their highest level in 14 years."
Wizz Air A321neo performs incredibly low landing in Greece: video
Holidaymakers on Skiathos island in Greece witnessed an incredibly low landing of the Wizz Air brand new Airbus A321neo...
Ryanair boss Michael O’Leary says era of ultra-low fares is over: BBC
Ryanair’s boss said the era of ultra-low fares is over and the ticket prices will have to increase. ...
More than 1,400 US flights canceled, 2,000 delayed due to severe thunderstorms
More than 1,400 flights were canceled, and a further 2,000 flights experienced delays in the United States after severe...