Press Release

Issued by Piper Aircraft.

February 6, 2018

Piper Aircraft Inc. has named Fan-Mei Aviation Technologies Ltd, as its dealer for the sales of new aircraft in greater China, including mainland China, Hong Kong, Macau and Taiwan. Fan-Mei Aviation Technologies joins a growing network of dealers and representatives throughout the region.

"We welcome Fan-Mei Aviation into the worldwide Piper family," said Piper president and CEO Simon Caldecott. "As China opens up its airspace there will be many opportunities there for the sale of M-class products. With its extensive aviation background, Fan-Mei Aviation Technologies is well situated to take advantage of the anticipated growth in China of this segment as well as the growing demand in China for Piper pilot training aircraft."

"Fan-Mei Aviation Technologies has the reach and passion throughout China to become a dominant player in the sales of new Piper airplanes in this key region," said Piper vice president international sales, Drew McEwen. "I am pleased that Fan-Mei Aviation Technologies has agreed to be Piper's dealer in the area."

"China's fast-paced growth as well as the burgeoning pilot training market offer great opportunities to grow general aviation as well as support the professional pilot hiring needs for China's many airlines. Fan-Mei Aviation Technologies is delighted to be able to represent a company of Piper's prestige and global reputation in this region, said president of Fan-Mei Aviation Technologies, Don Li."