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In July 2006, a partnership with Honda was announced to market the model new HA-420 HondaJet. In September 1964, Piper flew the prototype of its new PA-31 Navajo cabin-class twin for the first time, after two-and-a-half years of growth. The Cherokee changed the Tri-Pacer and Colt, which ended their production runs in 1961 and 1964 respectively. The outbreak of the Korean Warfare in 1950 helped to stimulate manufacturing at Piper, which again gained large orders for navy versions of the Cub. Piper introduced the Taxicub gentle charter idea at 1500 dealers and 52 distributors. That 12 months, Piper led the American business in mild aircraft production.
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- The Cherokee replaced the Tri-Pacer and Colt, which ended their production runs in 1961 and 1964 respectively.
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Throughout his 4 years at Piper, Bass oversaw growth of the PiperJet, the Meridian G1000 and the Matrix, and negotiated a new enterprise partnership with Honda. On 1 Could 2009, American Capital Strategies offered the corporate to Singapore-based funding technique company Imprimis, making a revenue of US$31 million on the sale. Piper is celebration to an settlement with the state of Florida that will see the company benefit from $32 million in incentives in trade for rising its work drive to 1400 individuals and constructing the PiperJet in the state. In response to the late 2000s recession, the corporate announced in November 2008 that it was lowering its work-week to economize whereas avoiding lay-offs.
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