Piper PA-46  The Piper PA-46 Malibu and Matrix are a family of American light aircraft manufactured by Piper Aircraft of Vero Beach, Florida. The aircraft is powered by a single engine and has the capacity for one pilot and five passengers. Early Malibus were all piston-engined, but a turboprop version, introduced as the Malibu Meridian but now called the M500, is also available. Currently, Piper offers the M350, M500, and M600 in the PA-46 family. The PA-46 was the third single-engined piston aircraft with a pressurized cabin to reach the market, after the Mooney M22 and Cessna P210 Centurion, and the only one still in production. Work on the PA-46 began in the late 1970s, with a prototype (the PA-46-300T) first flying on November 30, 1979. The type was announced in November 1982, apparently to compete with Cessna's newest creation of the era, the P210 Centurion. Like the Centurion, the Malibu was to feature cabin pressurization , a feature not included on the prototype. The first example of the initial production version flew in August 1982, and FAA certification was obtained in September 1983. Deliveries started two months later. 404 aircraft with Continental TSIO-520 engines were built before this model was replaced in production by the PA-46-350P Malibu Mirage. The PA-46-310P is powered by a Continental TSIO-520BE engine rated at . The PA-46-310P has lower fuel consumption, greater range, and the ability to cruise at "lean-of-peak." The PA-46-310P has a maximum cruising range of (with reserves), while the PA-46-350P initially had a maximum cruising range of only , although this is now increased to . The PA-46-310P Malibu has set several world speed records: Seattle to New York set November 23, 1987 at ; Detroit to Washington, DC set January 4, 1989 at ; and Chicago to Toronto set on January 8, 1989 at . All three records were set by Steve Stout in his 1986 Malibu N9114B. The Continental TSIO-520-BE powered Malibu was discontinued in 1988 following a series of incidents and accidents attributed to engine failures. One such accident resulted in a settlement in which Teledyne Continental Motors paid $32,125,000 to a pilot injured in the crash of a Malibu.