Piperjet Altaire Program Suspended ‘Indefinitely’
Piper Aircraft has cancelled its single-engine jet program.
PiperAircraft today "indefinitely suspended" the PiperJet Altaire program.
PiperAircraft today "indefinitely suspended" the PiperJet Altaire program.

Piper Aircraft “indefinitely suspended” the PiperJet Altaire today, just one week after announcing that the single-engine jet program was put “under review.” The Vero Beach, Fla.-based aircraft manufacturer also announced that it will lay off 150 of its 850 employees and 55 contract workers due to the program’s cancellation.

“Following an evaluation of Altaire development and light jet forecasts we determined the best course of action for the company going forward is to suspend the program indefinitely, preserving intellectual property and progress to date,” said Simon Caldecott, who was named Piper’s interim president and CEO last Monday. “This will have serious consequences for…Piper employees and for our Piper Altaire customers.” It is unknown how many customers will be affected, as Piper never disclosed how many copies of the jet single were on order.