From The Archives: Piper To Offer Three New Piston Aircraft
Piper Aircraft ended 1982 with an announcement that it would be offering three new piston aircraft, including a six seater, single engine and a seven seater twin engine aircraft.
The announcement came during a recession and a time of high interest rates that have forced aircraft deliveries down to levels last experienced in the 1950s.
The article explains that Piper had been one of the manufacturers hardest hit due to not having a business jet "to soften the initial downturn in piston-powered aircraft sales", and Piper lost more than $22 million in its fiscal year ending Sept. 30.
Read on to find out more about the reasons behind launching these new aircraft at this time.
If you're a subscriber you can read the full article on page 129 of the Dec. 06, 1982 issue of Aviation Week & Space Technology.
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