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PiperJet Development Suspended
Caldecott also indicated that after an evaluation, planned development costs for the Altaire had “risen above the point that would be recoverable under foreseeable light jet market projections.” Given that the program was “on budget”, their market projections were likely counting on significant orders from VLJ charter operations that would be an alternative to airlines, which have not materialized. Combined with the weak economy and anti-aviation policies of the Obama administration, the… (airinsight.com) Más...Sort type: [Top] [Newest]
One cool lookin jet I believe we won't ever see again.......that's too bad
That's very bad news to hear. I was really looking forward to it.
This is truly sad! More jobs lost for Piper/Vero Breach and America! My father was a Electrical Engineer for Piper in Vero Beach for over 35 yrs. I remember a time when the plant in the mid 60's up to the mid 70's was producing 17 aircraft a day! Now they only produce 3 or 4 aircraft a week! I blame all of our politicians and lawyers for the downfall of General Aviation and America! We are a fallen country! All for GREED!
Scott you are missing one important and distinguished group of Americans who are laughing all the way to the bank: the damn bankers and Wall St. who made off with millions and Uncle Sam had to step in to save the country´s financial system, if not the world´s.
Here we go again......
Ashamed the political climate comes into play. The current administration apparently think they need jets but not private industry or individuals. Reminds me of "animal farm".
Very true! Unfortunately, that work of literature is no longer required reading in our educational system.