How is Piper Aircraft doing business wise? | FerrariChat

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

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    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 Owner Silver Subscribed

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    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

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    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 Silver Subscribed

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  5. Jeff Kennedy

    Jeff Kennedy F1 Veteran Owner Silver Subscribed

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    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 Silver Subscribed

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    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 Owner Silver Subscribed

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    Cancellation of the program might be prudent but not after what must be 3 years of work.

    Jeff
     

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