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The hamstrung economy has affected almost all aviation projects, and the developmental single-engine PiperJet is no exception. Piper now plans first deliveries for 2013 - a schedule based partly on available funding, but also on when the company expects the economic recovery to occur. Piper initially announced program delays, then enjoyed a funding infusion from Asian investor Imprimus. According to the company, it lost a limited number of position holders, and currently holds orders for more than 200 of the jets.
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Mark PhelpsAuthor
Mark Phelps is a senior editor at AVweb. He is an instrument rated private pilot and former owner of a Grumman American AA1B and a V-tail Bonanza.
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