Piper Aircraft has delivered 116 aircraft in the first six months and is on track to deliver approximately 300—including nearly 50 of its recently certified M700 Fury turboprop singles—by year-end, the company said yesterday at EAA AirVenture 2024. If that target is reached, it would mark a 22% increase in shipments this year for Piper. The Vero Beach, Florida-based aircraft manufacturer noted strong global demand.
Deliveries in the first half increased by 16% from a year ago, despite a marginal dip in the first three months due to the launch and late first-quarter FAA certification of the M700 Fury, Piper’s new flagship that replaced the M600/SLS in its lineup. In the second quarter, aircraft shipments soared by 30% while revenue rose by nearly 9%.
International validations and certifications for the M700 are expected to further boost deliveries in the second half of the year, according to Piper. However, the expected 50 M700 shipments this year would be slightly below the 52 M600/SLSs handed over to customers last year.
“Our trainer and M-Class markets remain robust and we are pleased with our delivery performance this year and the positive reception from our customers with the launch of the M700 Fury,” said Piper Aircraft v-p of marketing, sales, and customer support Ron Gunnarson.