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News of May 10, 2009

Piper Aircraft Sold to Imprimis, Asia-Based Finance House

American Capital has sold its 100 percent interest in Piper Aircraft to Imprimis, a corporate finance and management company with offices in Bangkok, Singapore and Brunei Darussalam. Piper President James Bass said he is confident the change in ownership is a highly positive development for the airframer. Imprimis has revealed it expects to leverage its ownership in Piper to stimulate general aviation outside North America, specifically in Asia. At the same time, it is expected that Piper will be well supported in its core business here in the United States, with a stated commitment to retaining company headquarters in Vero Beach, Florida. Also, Imprimis has pledged to continue development of the single-engine PiperJet. Imprimis Managing Partner Stephen Berger said, "Imprimis sees this acquisition as a perfect fit as we develop plans for Piper's continued growth in its existing markets and for significant expansion within the Asian markets where much of our focus lies." He also said that Imprimis had been looking for some time to invest in an aviation company. Piper's Bass said, "Imprimis' commitment to grow Piper in both existing and emerging markets comes at a time when we are poised to enter a new era in aviation history." (Flight International 5/7/09)
Comments: Piper never was interested in aero diesel despite the fact that several PA28 were converted to Thielert and one PA28 Dakota demonstrator was converted to SMA and has shown very promising performances. All efforts were concentrated on the PiperJet. A change of ownership may revive an interest in developing a PA28 trainer with a simplified diesel (SMA or 2-stroke?) for specific needs of flight academies, and a conversion of the Seneca to diesel.

posted at 2:09 AM

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Mission Statement

Every month: news, facts, and comments on the coming revolution for piston-engines aircrafts between 130 and 400 HP: Retrofitting a diesel engine to run on Jetfuel or Kerosene, reduce Gallons/Hour by some 30%, eliminate ignition systems (magnetos, spark plugs) and their problems, eliminate mixture control, increase TBO to 2,400-3,000 hours, increase performance between 6,000 and 12,500 ft., and drastically reduce Operating Costs.

The letter is intended for piston engines aircraft owners, manufacturers, fleet operators and FBOs, re-manufacturers of engines for these aircrafts, manufacturers of engine components and ancillaries, and all professionals acting in decisions of engine exchange or refitting at TBO, in North and South America, Pacific Rim, African continent, and all parts of the world were Avgas, Mogas, Kerosene and Jetfuel are available.

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