Cessna Mustang Will Not Prompt Piper Jet

Will Cessna’s newly announced Mustang light jet spur Piper to action? Though the company has contemplated introducing a jet for years, the official answer is still “no immediate plans for a turbofan.” But at the NBAA Convention in Orlando, Fla., last month, Piper president Chuck Suma said the Mustang “validates that segment of the market,” and could lure investors to back Piper in such a project.