Q2 2023 aircraft delivery and revenue results for Piper Aircraft surpassed that of the same quarter in 2022. Deliveries increased over same time last year by nearly 14 per cent and revenue has increased by more than 19 per cent.
Piper's Q2 2023 deliveries are up by seven aircraft, and revenue increased by over $9 million, driven by a strong demand for both M-Class and trainer aircraft. The M-Class retail backlog reaches well into 2024, and the trainer backlog extends in to late 2025 and 2026, depending on the model.
“The demand for our high-performance M-Class family, featuring the turboprop M600/SLS and M500 as well as the piston powered M350, is evident in our steady growth. While new deliveries continue to be strong in Q2 2023, near new, used model availability remains at record lows of about two per cent,” says president and CEO John Calcagno. “At the same time, Seminole, Archer and Pilot 100i sales increased 20 per cent versus Q2 2022. We continue to see unprecedented demand for our robust trainers that are built for the rigours of real-world training environments, meeting the demands of world-class training academies all over the world.”
In addition to domestic success, growth in international markets continues with 50 per cent more international deliveries in this quarter versus the same period in 2022.