Pilatus reports successful 2016

Notwithstanding a drop in sales revenue compared to the record years of 2014 and 2015, 2016 was a successful year for Pilatus, and exceeded expectations.

Total sales amount to 821m Swiss francs (CHF), with operating earnings at 89m CHF. Orders in hand as of the end of the year under report are at a comfortable 1.7bn CHF – not including sales revenue from the PC-24! 117 aircraft were delivered to customers.

In 2016, Pilatus' General Aviation operations contributed 56 percent of total sales - the first time this business unit has accounted for the largest share since 2012. Sales of the PC-12 NG were up 30 percent on the previous year, with 91 aircraft compared to 70 in 2015. This in an environment in which all the major business aircraft manufacturers have had to contend with stagnating or declining sales figures.

The French Air Force opted for the PC-21 Training System towards the end of the year. The 17 PC-21s on order will be used for pilot training in preparation for stepping up to the Rafale fighter. The Royal Jordanian Air Force also ordered a further two PC-21s, as did QinetiQ, the British firm behind the “Empire Test Pilots’ School”. These three orders for Government Aviation, our other business pillar, represent a total value of over 300m CHF.

PC-24 development programme on target

The three PC-24 prototypes have flown 1,500 hours to date. Finalisation of the PC-24's aerodynamic design and systems was the last step in selecting the definitive PC-24 configuration for certification. This was then used as the basis for the P03, the first representative prototype, and for the start of series production, which is already underway.

PC-24 Maiden Flight

Continued expansion

In view of the upcoming series production of the PC-24 Super Versatile Jet, Pilatus continues to expand at its headquarters in Stans, and at its site in the USA.

In Stans, a start was made on the construction of a new assembly hall with a surface area of 10,000 square metres, plus a new surface treatment centre, representing some 60m CHF. The company also invested in new milling machines - worth around 40m CHF - which will pave the way for new innovative production processes allowing production to remain in Switzerland in spite of high labour costs.

In the USA - one of the most important markets for Pilatus - investment has been made in a new plant in order to bring final assembly and administration together at Pilatus Business Aircraft Ltd, its subsidiary in Broomfield, Colorado. The interior design will be discussed with the PC-12 and PC-24 customers on site before implementation.

PC-12 NG

56 new jobs were created over the year under report. The Pilatus Group employed 1961 employees as of the end of 2016. A further 150 employees are expected to join the company in 2017. Additionally, apprenticeship training will be available in two further professions from summer 2017, bringing the total choice of training programmes to 13. Pilatus currently trains 115 apprentices.

Chairman of the Board of Directors, Oscar J. Schwenk, commented: “Pilatus is committed to sustainable long-term business development. We knew that 2016 results would be somewhat lower in terms of EBIT. But we have purposefully invested in the future to create a solid basis for the coming years.

"The current year, 2017, will take us into the decisive phase of the PC-24 development programme. We have already seen the achievement of yet another important milestone with the successful maiden flight of P03, the first PC-24 prototype made to series specifications, on 6 March 2017. Our goal for 2017 is certification in the 4th quarter, followed by the first customer delivery immediately thereafter, and we shall work consistently towards that objective.”

BlueSky Business Aviation News | 4th May 2017 | Issue #415