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Piper revenue climbs as aircraft deliveries recover



Piper Aircraft’s financial picture is steadily improving, with almost $70 million in revenue from new aircraft deliveries in the first half of 2012. The company has delivered 76 planes so far this year, compared with just 59 deliveries in the first half of last year, an increase of 28 percent. The most popular models are the Meridian and Mirage high-performance single-engine planes, which together accounted for almost half of Piper’s sales so far this year. The company sold a dozen of its Warrior trainers, though other models like the Archer, Arrow, Seneca and Matrix each brought in single-digit sales figures. Overall, Piper says its sales outlook is positive, and the company noted that is sales figures, both in terms of number of aircraft and in terms of revenue, have increased year-over-year since 2009.