How is Piper Aircraft doing business wise? | FerrariChat
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How is Piper Aircraft doing business wise?

Discussion in 'Aviation Chat' started by wang, Nov 9, 2011.

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  1. wang

    wang Formula 3

    Feb 23, 2004
    1,998
    Brunei
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    H. Wang
    #1 wang, Nov 9, 2011
    Hi guys, just out of curiosity I'm wondering how Piper are doing as a business recently. I know that the Brunei investment agency bought into the company a couple of years ago so was wondering how well their doing or not.....

    Thanks
     
  2. Jeff Kennedy

    Jeff Kennedy F1 Veteran
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    Oct 16, 2007
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    #2 Jeff Kennedy, Nov 9, 2011
    The have stopped the single engine jet project and laid off people. Doesn't sound like indications of good health.

    Jeff
     
  3. wang

    wang Formula 3

    Feb 23, 2004
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    Brunei
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    H. Wang
    #3 wang, Nov 9, 2011
    Yeah I read that too. I think something funny went on in the background.... Apparently when the sale went thru someone made a $31million profit!!

    Thanks Jeff
     
  4. Ney

    Ney F1 Veteran
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    Apr 20, 2004
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    #4 Ney, Nov 10, 2011
  5. Jeff Kennedy

    Jeff Kennedy F1 Veteran
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    #5 Jeff Kennedy, Nov 10, 2011
    Although they put a real good PR spin with this article I continue to believe that there have to be issues or at least dissention on corporate direction. The press has reported managment changes and I believe that the jet program cancellation after working on it for several years are both indicative of something.

    Jeff
     
  6. GuyIncognito

    GuyIncognito Nine Time F1 World Champ
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    Jun 30, 2007
    99,795
    #6 GuyIncognito, Nov 10, 2011
    the VLJ market got really crowded really fast, and for the most part those planes aren't significantly better than similarly-priced turboprops; a number of competitors have already gone under. Honda and Cessna/Citation can weather the storm, the smaller players can't. I think getting out of that market was a wise decision. maybe they will re-enter the market when the dust settles.

    no idea on the management changes, I haven't followed that.
     
  7. Jeff Kennedy

    Jeff Kennedy F1 Veteran
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    #7 Jeff Kennedy, Nov 10, 2011
    Cancellation of the program might be prudent but not after what must be 3 years of work.

    Jeff
     

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