Piper May Acquire Maker of SportCruiser S-LSA
January 14, 2010 — Piper Aircraft may soon enter the light-sport aircraft (LSA) market if various media reports and chatter on Internet message boards are true. FlightGlobal.com was the first to relay reports from a Czech business daily newspaper that reported Piper had signed a $30 million deal to acquire Czech Aircraft Works, which makes the SportCruiser S-LSA. Piper’s possible move to acquire the bankrupt aircraft maker would be in line with the new direction Piper signaled last May when it was acquired by the Singapore-based investment firm Imprimus.
Dan Johnson, president of the Light Aircraft Manufacturers Association, said that if a deal happens most larger producers would welcome Piper's legacy brand as it adds further to the sector validation. “Some smaller producers of low-wing aircraft might be negatively impacted but the more common hope is that a rising tide lifts all boats,” he added.
The SportCruiser would be rebranded under the Piper name and would shift some of Piper’s focus back into the light aircraft market. Piper has yet to confirm any of these details and it is not known if the company will make any announcements at the Sebring U.S. Sport Aviation Expo set to begin next week in Sebring, Florida. At press time, Piper had not returned calls to EAA regarding this story.