The one (and only!) PiperJet ever built. The PA-47 was Piper's intended entry into the Very Light Jet (VLJ) market, but the project ever really took off. After a change of ownership, the project was renamed PiperJet Altaire. Although the aircraft was technically a succes, the project was cancelled ion October 2011 due to an economic downturn. The aircraft was put on display at the Florida Air Museum (at Lakeland airport) in 2012.