What better way to
interpret the economic tea leaves than a peek at the end-of-year numbers. For
Piper Aircraft, data released yesterday showed a company-reported, double-digit
growth in aircraft revenue and deliveries in 2017. Prominent in those numbers
was the increase in demand for Piper’s training and M-class aircraft.
While GAMA’s 2017 year-end
data on Piper is not yet available, 3rd quarter shipments
indicate the company was on track to exceed 2016’s 127 aircraft delivered.
Following GAMA’s November report that showed Piper had already delivered 99
aircraft this year, a Piper spokesman told Flying the
company expects total deliveries this year to reach 160 airframes.
Piper said increased demand resulted in a rise
in production volume significant enough that employee count at the Vero Beach
aircraft builder climbed to more than 900, 300 of which joined the company in
the past 18 months, representing a 20 percent increase in workers.
Company CEO Simon
Caldecott said, “With aircraft orders in place for 2018 and several long-term
contracts for trainer aircraft, the near-term forecast is stable. Additionally,
our commitment to a level-loaded, build to order business model further
enhances stability and creates consistent work load for the team.”
Level-loading balances production to ensure the company has adequate staff on
site.
Piper’s fleet ranges from
single and twin-engine piston powered aircraft to single-engine turboprops.
(Evangle Luo of TTFLY shared with you)
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