Editing Piper Aircraft (section)

===2000s===
In July 2003, American Capital Strategies, Ltd. bought 94% of Piper's voting equity.<ref name="Sale of Piper Aircraft">{{cite web|url = https://aviationweek.com/new-piper-under-new-ownership-bought-out-american-capital|title = American Capital Acquires Piper Aircraft | website = Aviationweek.com |access-date = 2022-10-02|date=June 2009}}</ref><ref name="Sale of Piper">{{cite web|last = mergr.com | url = https://mergr.com/american-capital-acquires-piper-aircraft|title = American Capital Acquires Piper Aircraft |access-date = 2022-10-02|date=June 2009}}</ref>

In July 2006, a partnership with [[Honda]] was announced to market the new [[Honda HA-420 HondaJet|HA-420 HondaJet]].<ref>{{cite news |title=Honda Enters the Aviation Market |author=Micheline Maynard |url=https://www.nytimes.com/2006/07/25/business/25cnd-honda.html |newspaper=The New York Times |date=July 25, 2006 |access-date=12 August 2012}}</ref> The following month, the firm dropped the "New" from its name, reverting to '''Piper Aircraft'''.

In response to the [[late 2000s recession]], the company announced in November 2008 that it was reducing its work-week to save money while avoiding lay-offs. Piper is party to an agreement with the state of [[Florida]] that will see the company benefit from $32 million in incentives in exchange for increasing its work force to 1400 people and building the PiperJet in the state.<ref name="Avweb14Nov08">{{cite web|url = http://www.avweb.com/avwebflash/news/eclipse_paycheck_payroll_cirrus_cessna_piper_beechcraft_layoff_199208-1.html|title = Eclipse Promises Paychecks By Tuesday |access-date = 2008-11-15|last = Pew|first = Glann|date=November 2008}}</ref>

In December 2008, the company announced it would defer the $10 million incentive that required hiring 400 new workers by 2012 for the PiperJet project and retain 1,417 employees through 2015. The company stated the move was precautionary. Piper spokesman Mark Miller said: "While this year has been a good one for Piper, we have taken measures to keep the company healthy and to weather any future adversity."<ref name="AvWeb26Dec08">{{cite web|url = http://www.avweb.com/avwebflash/news/piperjet_mooney_layoffs_employee_199466-1.html|title = Piper, Mooney See Cutbacks |access-date = 2008-12-29|last = Pew|first = Glenn|date=December 2008}}</ref>

In February 2009, the company announced it was laying off an additional 300 workers without notice immediately and the 650 remaining workers would be given unpaid weeks off in April and July to reduce unsold inventory. Piper spokesman Mark Miller stated company regretted the pain caused by the layoffs and indicated the employees would be rehired when the economy improves. He also said: "Even the willing buyers that we have find it incredibly difficult to get financing...We can't keep a full workforce on at this point when people aren't buying planes...If market conditions continue to deteriorate, it may be necessary for the company to take additional actions". On 24 February 2009, the company announced it would add two more weeks of unpaid furlough for its employees in May and June, bringing the total to four weeks in 2009, citing a need to reduce inventory and cut expenses. In June 2010, the company announced it would shut down for a further week in August to save money. The lay-off affected all workers except those on the PiperJet program and some critical company business functions.<ref name="AvWeb10Feb098">{{cite web|url = http://www.avweb.com/avwebflash/news/PiperCutsAnother300Jobs_199742-1.html|title = Piper Cuts Another 300 Jobs  |access-date = 2009-02-12|last = Grady|first = Mary|date=February 2009}}</ref><ref name="PalmBeachPost10Feb098">{{cite web|url = http://www.palmbeachpost.com/news/content/business/epaper/2009/02/10/1002piper.html?cxtype=rss&cxsvc=7&cxcat=6|title = Piper Aircraft lays off Vero Beach 300 workers, plans to close for 2 weeks  |access-date = 2009-02-12|last = Samples|first = Eve|date=February 2009}}</ref><ref name="AvWeb24Feb09">{{cite web|url = http://www.avweb.com/avwebflash/news/PiperAddsTwoMoreWeeksOfShutdown_199839-1.html|title = Piper Adds Two More Weeks Of Shutdown |access-date = 2009-02-26|last = Grady|first = Mary |date=February 2009}}</ref><ref name="AvWeb29Jun10">{{cite web|url = http://www.avweb.com/avwebflash/news/AtPiperRecoveryIsRocky_202796-1.html|title = Piper To Shut For A Week|access-date = 1 July 2010|last = Grady|first = Mary|date=June 2010}}</ref>

On 1 May 2009, American Capital Strategies sold the company to [[Singapore]]-based investment strategy company [[Imprimis (holding company)|Imprimis]], making a profit of US$31 million on the sale. Imprimis is funded by the [[Government of Brunei]] and has offices in [[Bangkok]], Singapore and [[Brunei Darussalam]].<ref name="AvWeb01May09">{{cite web|url = http://www.avweb.com/avwebflash/news/piper_sold_imprimis_200303-1.html|title = Piper Has Been Sold|access-date = 2009-05-04|last = Pew|first = Glenn|date=May 2009}}</ref><ref name="PRnewswire05May09">{{cite web|url = http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/05-05-2009/0005019863&EDATE=|title = American Capital Realizes $31 Million Gain From Sale of Piper Aircraft|access-date = 2009-05-07|last = American Capital Strategies, Ltd.|date = May 2009|url-status = dead|archive-url = https://web.archive.org/web/20090510041423/http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=%2Fwww%2Fstory%2F05-05-2009%2F0005019863&EDATE=|archive-date = 2009-05-10}}</ref><ref name="FlightGlobal18Jul09">{{cite web|url = http://www.flightglobal.com/articles/2009/07/18/329788/new-owner-brightens-outlook-for-piper.html|title = New owner brightens outlook for Piper |access-date = 2009-07-27|last = Sobie|first = Brendan|date=July 2009}}</ref>

In June 2009, James Bass, CEO of Piper Aircraft since 2005, announced he would step down effective that same month. He was succeeded by VP of operations Kevin Gould. During his four years at Piper, Bass oversaw development of the [[Piper PA-47 PiperJet|PiperJet]], the [[Piper Meridian|Meridian G1000]] and the [[Piper Meridian|Matrix]], and negotiated a new business partnership with Honda. He also negotiated $32 million in incentives from the state and county that retained Piper's factory in Vero Beach, Florida.<ref name="AvWeb10Jun09">{{cite web|url = http://www.avweb.com/avwebflash/news/BassToStepDownAsPiperCEO_200533-1.html|title = Bass To Step Down As Piper CEO |access-date = 2009-06-11|last = Grady|first = Mary|date=June 2009}}</ref>

On 2 November 2009, company president John Becker announced his resignation effective 1 December 2009 "to pursue other career opportunities". Becker was replaced as president by CEO Kevin Gould.<ref name="Vanderhoof02Nov09">{{cite web|url = http://www.tcpalm.com/news/2009/nov/02/pipers-president-john-becker-resigning/|title = Piper President John Becker is resigning |access-date = 2009-11-02|last = Vanderhoof|first = Nadia|date=November 2009}}</ref><ref name="AvWeb05Nov09">{{cite web|url = http://www.avweb.com/avwebflash/news/PiperNamesNewPresident_201470-1.html|title = Piper Names New President, VPs|access-date = 2009-11-06|last = Niles|first = Russ|date=November 2009}}</ref>