Piper Paves Way for M-Class Upgrades with Altaire Advance

Vero Beach, Fla., Nov. 4, 2010 – Piper Aircraft Inc. is making the transition from any new aircraft in its M-Class lineup – the Meridian, Mirage and Matrix – to the new PiperJet Altaire attractive to company loyalists. The PiperJet Altaire single-engine business jet is being developed for certification and first deliveries in 2014.

“Piper created the Altaire Advance program to make it easier for our customers to move up to the PiperJet Altaire from any new single-engine M-Class aircraft,” says Piper Executive Vice President Randy Groom. “Under Altaire Advance, Piper will discount the purchase price of the Altaire or defer a portion of the initial deposit required, depending on the new M-Class airplane being purchased.”

Stepping on Up

For new single-engine turboprop Meridian buyers, Piper offers $100,000 off the $2.5 million base purchase price of the PiperJet Altaire. Buyers of new pressurized single-engine piston Mirages get $50,000 off the price of a new Altaire, while buyers of unpressurized single-engine piston Matrixes can defer $25,000 of the initial deposit of $75,000 on a new PiperJet Altaire.

Piper will escrow the initial deposit until first flight. Subsequent deposits are tied to first flight of the PiperJet Altaire conforming flight test article and nine months prior to first delivery or type certification, Groom adds. For full details, Groom encourages interested buyers to contact their Piper dealer.

About Piper Aircraft

Piper Aircraft Inc. is headquartered in Vero Beach, Fla. A global force in aviation, Piper offers nine efficient models of single-engine and twin-engine trainer, personal and business aircraft. Piper Aircraft designs, manufactures, sells and supports the strongest and broadest single-engine product line in the industry, from high-performance pistons to turboprops to the world’s most fuel-efficient seven-person business jet, the PiperJet Altaire. With economical acquisition and operating costs, Piper airplanes deliver the best values available today and into the future. Piper is a member of the General Aviation Manufacturers Association.