Piper Moves Business Plan Forward in 2010

While fourth quarter and full-year Piper deliveries will not be announced until February 2011, production activity during 2010 was up by more than 75 percent compared to 2009.

This long-term investment approach, funded with equity rather than debt, is providing Piper with a more stable capital backing compared to some of its peers. Simultaneously, Piper made significant strides in realigning costs through targeted cutbacks at a time when the company was overall growing employment and accelerating PiperJet Altaire development. Collectively, the company’s substantial accomplishments in 2010 were impressive in a challenging industry environment.

2010 Chronological Accomplishments

By quarter, Piper’s 2010 accomplishments are enumerated here.

First Quarter

Piper selected Aviall Services Inc., a wholly-owned subsidiary of The Boeing Co., as its global parts distributor, providing supply chain support for the company’s global dealer network and individual customers.

Piper began distributing the PiperSport light sport aircraft manufactured by Czech Sport Aircraft.

Piper announces commitment to globalization of the company at the Singapore Air Show.

Second Quarter

Piper names industry veteran Randy Groom as executive vice president to head sales, marketing and customer support.

The company celebrates 50th anniversary of Piper Cherokee at Sun’n Fun in Lakeland, Fla.

Piper appoints Chuck Glass head of global fleet sales, based in Brunei.

Piper selects advanced vision systems – Forward Vision Systems’ EVS-100 and EVS-600 Enhanced Vision Systems (EVS) – for its M-class models, the Malibu, Matrix and Mirage.

Third Quarter

PiperJet chooses DeCrane Aerospace and Propel Designs to develop more spacious interior improvements for the PiperJet Altaire.

Piper picks Mecaer Aviation Group, Borgomanero, Italy, to design and manufacture the landing gear system for the PiperJet Altaire.

Piper names Geoffrey Berger as CEO of the company; he is experienced as CEO, CFO and COO at a number of companies and led businesses involved in sophisticated manufacturing operations.

Piper launches PiperMatch™ program to make aircraft ownership more affordable.

Piper announces establishment of regional sales offices to serve the Americas, Asia/Pacific and the Europe/Middle East/Africa regions.

Piper names Drew McEwen director of Sales, Americas, located in Vero Beach.

Piper selects seat manufacturer Millennium Concepts to design and produce seats for the PiperJet Altaire.

Fourth Quarter

Piper names Enrico Evers director of Sales for Europe, Middle East and Africa, based at Lelystad Airport, near Amsterdam.

Piper displays broad, strong single-engine product line at National Business Aviation Association Annual Meeting and Convention in Atlanta (NBAA).

PiperJet officially renamed PiperJet Altaire, complete with much larger round fuselage design that gives customers a more spacious cabin to complement efficient acquisition and operating costs; unveiled at NBAA.

Piper picks Vero Beach contractor Summit Construction Management Inc. to modify manufacturing campus for assembly and completion of the PiperJet Altaire.

Piper selects L-3 Avionics Systems Trilogy™ ESI-2000 Electronic Standby Instrument as standard equipment for new PiperJet Altaire.

Piper supports Malibu/Mirage Owners & Pilots Association Convention with senior representatives and aircraft displays, including mockup of PiperJet Altaire.

PiperJet Altaire Advance introduced to make transition from any new M-Class to the new PiperJet Altaire attractive to company loyalists through reduced purchase price or deposit.

Piper exhibits mockup of PiperJet Altaire, displays other aircraft, at Aircraft Owners and Pilots Association’s Aviation Summit in Long Beach, Calif.

Piper promotes Simon Caldecott to vice president, responsible for Manufacturing Operations, Manufacturing Engineering, Sustaining Engineering and Supply Chain.

Piper sells fleet of six Piper Seminole advanced training aircraft to Airline Transport Professionals (ATP), a nationwide firm specializing in airline pilot training and pilot career development.

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