PIPER UNVEILS THE REVOLUTIONARY PIPERJET

PiperJet Will Be Best-In-Class Blend of Performance, Luxury, Utility and Value

ORLANDO, Fla., NBAA, October 17, 2006 /PRNewswire/ -- Piper Aircraft, Inc. announced that it will expand into the jet market with the all-new PiperJet, a revolutionary new aircraft that will offer customers a class-setting combination of performance, style, utility, capability and pricing.

In making the announcement here today at the National Business Aviation Association's Annual Meeting and Convention, Piper revealed that the PiperJet's clean-sheet design incorporates single-engine turbofan power for optimum cost efficiency, state-of-the-art safety measures, and a strong, smooth all-metal body.

The PiperJet will be capable of reaching a cruising speed of 360 knots* and a maximum operating altitude of 35,000 feet*. The six passenger PiperJet – with an option for either a seventh seat or enclosable lavatory – offers a mission-capable profile and sensuous luxury that sets the standard in its class, with a range of 1,300 nautical miles* and a full-fuel payload of 800 lbs.*

"The PiperJet breaks the mold in offering an unparalleled blend of performance and luxury," said Piper President & CEO James K. Bass. "In designing this revolutionary aircraft, we have assembled the finest team of engineers and designers and conducted an extensive consumer research effort to ensure that the PiperJet will be second to none. In effect, every measure has been taken to make sure that the PiperJet answers what our customers have told us they want and need in a jet, because at the end of the day, it's not about being first to market, it's about getting it right in the first place."

Built using state-of-the-art design and manufacturing processes, the PiperJet will feature the latest in integrated glass avionics, a luxurious interior and advanced manufacturing techniques pioneered by Piper. Priced from $2.199M (in 2006 USD with a CPI-W escalator), the PiperJet will provide unbeatable value while delivering Piper's legendary uncompromising standards.

The PiperJet is designed with the owner in mind.

"Whatever the mission – short trip, long trip, business or vacation – the PiperJet has the ability to get you there quickly and easily," said Bass. "With a full-fuel payload of 800 pounds*, the PiperJet can fly across the U.S. with only one stop for fuel, and it does it at a price that no competitor can beat without sacrificing passengers and cargo. It's this blend that makes the PiperJet an aircraft to be reckoned with."

* See official performance guarantees as referenced in PiperJet Aircraft Purchase Agreement.

For further information, contact:

Related Links: