Piper Aircraft Inc. on Monday announced it will lay off 150 employees and release 55 contract personnel as a result of a decision to indefinitely suspend its Piper Altaire light business jet program...
...While the Altaire program was on schedule and budget, Carlon said "the market for light business jets is not recovering sufficiently enough or quickly enough for us to continue developing the program under the economic conditions we currently face."
Alert reader D sent the link, along with a question: "Good or bad for HondaJet?"
That one's above my pay grade, so I asked an authority.
"Good or bad for HondaJet?"
The bigger question would be, what does this say about the business climate as a whole?
Posted by: Billy Jones | Oct 25, 2011 at 06:03 PM
Honda has the ability to ride it out. Survival of the fittest.
Good for Honda Jet.
Posted by: Craftyboro | Oct 25, 2011 at 06:26 PM
Some in the private jet enthusiast crowd think single engine aircraft like the Piper are not the ticket.
Posted by: bubba | Oct 25, 2011 at 06:37 PM
The 1% want bigger jets.
Posted by: Stephen | Oct 25, 2011 at 08:18 PM