Wed, Feb 23, 2011
International Markets Provide Large Share Of Increases
Piper Aircraft Inc. significantly increased its new aircraft
market share, billings and deliveries during 2010, highlighted by
the company's performance in the pilot training sector. And for the
first time in recent Piper history, international exports accounted
for more than half of the company's volume by deliveries and
dollars.
For the year 2010, Piper delivered 160 new aircraft, up more
than 75 percent from 90 aircraft in 2009. The new deliveries
contributed more than $120 million in billings, up nearly 38
percent from $86 million in the previous year. Within the combined
turboprop and piston markets where it currently competes, overall
Piper market share for new aircraft deliveries grew from 10.5
percent in new aircraft unit volume in 2009 to 20.1 percent market
share during 2010. Leading Piper's resurgence in 2010 were
worldwide deliveries of 47 training aircraft to pilot training
institutions in Australia, Malaysia, South Korea, Qatar and the
United States.
"Piper Aircraft is very pleased with 2010 progress and
performance in terms of market penetration, deliveries and dollar
volume. The increases reflected our aggressive efforts towards
globalizing the profile of the company," said Piper Chief Executive
Officer Geoffrey Berger. "In a very challenging year for our
overall industry, Piper demonstrated measurable improvement in all
meaningful categories."
During the fourth quarter of 2010, Piper delivered 53 aircraft
accounting for $42.6 million, up from 21 aircraft valued at $18.8
million the previous year. Included in the total deliveries for
2010 were 25 turboprops and 135 single and twin-engine
aircraft.
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