Swiss aircraft manufacturer Pilatus closed 2025 with stable financial results despite an exceptionally challenging global environment marked by trade tensions, supply chain disruptions and volatile currency exchange rates. According to the company’s annual report, operations were further complicated by fluctuating US trade tariffs, a sharp decline in the value of the US dollar and temporary delivery stoppages and delays, all of which affected planning and production.
According to figures presented in the annual report, the company generated total revenue of 1.672 billion Swiss francs (around €1.75 billion) in 2025, while operating profit reached 170 million francs (around €178 million). New aircraft orders were valued at 1.869 billion francs (around €1.96 billion), confirming continued strong demand for Pilatus aircraft.
During the year, a total of 147 aircraft were delivered to customers, including 82 PC-12 turboprops, 50 PC-24 business jets, 14 PC-21 trainer aircraft and one example of the new PC-7 MKX. At the same time, the company continued expanding its workforce, creating 352 new full-time positions across the Group, including 254 in Switzerland.
Significant order activity was recorded in the government aviation segment, where several European air forces selected the new PC-7 MKX basic trainer aircraft. The Royal Netherlands Air and Space Force ordered eight aircraft together with simulators, the French Air and Space Force followed with an order for 23 aircraft, while the Belgian Air Force selected 18 aircraft along with a complete training system. All three countries became first-time customers for the new PC-7 MKX.
In the business aviation segment, Pilatus introduced the upgraded PC-12 PRO in March through a fully digital launch. The aircraft features a newly redesigned cockpit developed in cooperation with Garmin. The online presentation attracted more than two million viewers worldwide and generated significant customer interest, resulting in a steady flow of new orders.
Despite strong demand for both the PC-12 and PC-24, the business aviation unit faced a challenging year due to supply chain disruptions and delivery delays, which complicated production planning.
Pilatus also implemented several strategic organizational changes aimed at strengthening its international presence. At the end of 2025, Pilatus Business Aircraft Ltd and Skytech Inc. merged to form Pilatus Aircraft USA Ltd. In January 2026, construction began on a new sales, service and PC-12 assembly center in the US state of Florida.
Changes were also made in other regions. In Australia, two Pilatus subsidiaries were merged to increase operational efficiency, while in Europe the production network was expanded through the successful integration of the Emmen site. The Spanish subsidiary, Pilatus Aircraft Ibérica, continued its expansion and now employs 75 people.
Changes also took place at the management level. Former Deputy CEO Bruno Cervia was elected to the Board of Directors, while Igor Medici took over as Vice President Research & Development at the beginning of 2026 and became a new member of the management team.
Pilatus CEO Markus Bucher emphasized that the strong order backlog reflects the confidence customers have in the company and provides a solid foundation for the coming years. Despite the turbulence of the past year, he said the company remains on a steady development path thanks to innovation and a clear strategic vision focused on customers.
Chairman of the Board of Directors Hansueli Loosli noted that 2025 once again demonstrated the importance of stability and a clear long-term strategy. Despite geopolitical uncertainty and fluctuating trade policies, Pilatus managed to secure key contracts and advance important future projects, entering the next period with optimism.
At the conclusion of the report, Pilatus summarized the 2025 financial year in three short sentences: “Financial 2025: A Smooth Departure. A Challenging Flight. A Successful Landing.”
