- 11 Jun 2021
- GA Buyer Europe
Tracing its roots back to 1927, Piper Aircraft is one of the most recognized manufacturers of General Aviation aircraft today. The company produces a selection of single- and twin-piston engine aircraft, and turboprops. Since it began operations, the company has produced over 150 different aircraft models, the majority of which still fly today. Piper is based at Vero Beach, Florida.
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A new Piper single-engine turboprop costs between $2.154m for a Piper M500, and $3.112m for a Piper M600/SLS (according to Aircraft Bluebook’s summer 2021 data). Buyers can buy a used Piper turboprop for less, with the price ultimately depending on the model, age and condition of the aircraft. For example, Aircraft Bluebook’s summer 2021 data shows that a 2010-model Piper Meridian retails for an average of $1.075m, while a 2001-model Piper Meridian costs $550k. A much older 1980-model Piper Cheyenne costs $360k.
As of April 2021 there were 785 Piper Meridian and M Class turboprops in operation worldwide (excluding Piper Malibu JetProp conversions), according to JETNET data in April 2021. The Piper Meridian has the largest fleet, with 542 units in operation. At the time of writing, there had been 34 fleet retirements (again excluding Malibu JetProps) from a total 845 units built.
According to Piper, the M600 has a maximum range of 1,658 nautical miles, while the Piper Meridian and M500 have top ranges of 1,000nm. Carrying four passengers and available fuel, the Piper Meridian offers a range of 754nm, while the M600 flies up to 1,278nm, according to Conklin & de Decker.
The Piper M500 provides an excellent step-up aircraft for operators seeking an entry into turboprops operations. It fills the gap between the leading piston products (including Piper’s M350, and the next level of performance offered by Piper’s M600/SLS and Daher’s TBM 940. For model-specific comparisons, check out AvBuyer’s Turboprop Comparison articles.