Aircraft
After a profitable FY2009, Pilatus confirms new model
In Pilatus’ 2009 annual report, chairman and CEO Oscar Schwenk had good news for shareholders who might have expected negative results as a consequence of

In Pilatus’ 2009 annual report, chairman and CEO Oscar Schwenk had good news for shareholders who might have expected negative results as a consequence of the economic crisis. In addition to reporting a record delivery of 100 PC-12s, the Swiss company announced it had achieved its highest profit ever, and had received its largest single order ever–for 25 PC-21 trainers with associated ground equipment for the United Arab Emirates Air Force.

While the outlook is more subdued, Schwenk said Pilatus had a substantial order backlog at year-end. Also, for the first time, he publicly mentioned the company is developing a new aircraft for the civilian market, declaring that it is “not a replacement for the PC-12, but a contender in a higher market segment.”