[1][2] The M350 is the only pressurized piston engined airplane in current production, as of 2025, allowing it an extended range (1,343 nmi) versus the majority of its certified light aircraft peers in addition to a more comfortable cabin experience.

The type was announced in November 1982, apparently to compete with Cessna's newest creation of the era, the P210 Centurion.

[6] 404 aircraft with Continental TSIO-520 engines were built before this model was replaced in production by the PA-46-350P Malibu Mirage.

[8] 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.

In 1997, Piper announced its intention to market a turboprop-powered version of the Malibu, and flew a prototype the following year powered by a Pratt & Whitney Canada PT6A-42A of 500 shp (370 kW).

[3] The M350 is fitted with the same 350 hp (261 kW) turbocharged Lycoming TIO-540-AE2A engine and Hartzell three-bladed propeller as the Mirage.

The G1000 NXi system includes an automatic wings-level function and control override to prevent exceeding the plane's flight envelope.

Its purpose is to maintain a safe, stable flight condition in the case of pilot disorientation or incapacitation.

It offers nearly the range of the TBM 900 for much less cost, and can operate from shorter runways than very light jets like the Eclipse 500 or the Citation Mustang.

[20] Starting in 2020, Piper offered an emergency autoland system by Garmin, which initiates at the push of a button.

Built into the G3000 integrated avionics for the new SLS model, the system will be a first in general aviation, along with the Cirrus Vision Jet.

[1][4] The M700 is powered by a 700 hp (522 kW) PT6A-52 engine and retains the Garmin G3000 avionics and HALO system of its predecessor.

[26] In August 2024, Piper Aircraft announced that its M700 FURY received FAA certification for unpaved field operations.

This approval marks a significant expansion in the aircraft's operational capabilities, allowing it to operate in more diverse and challenging environments, including remote and undeveloped airstrips[27] In October 2007 Piper announced the Matrix, an unpressurized version of the Mirage.

[28][29] Standard equipment on the Matrix includes a built-in oxygen system, Avidyne Entegra glass cockpit, S-Tec 55X autopilot and air conditioning.

[31] ZeroAvia, a Cranfield University partner, is a U.S./UK startup developing a Hydrogen fuel cell power train targeting to halve a turbine operating costs.

It flight-tests a pair of 130 kW (170 hp) electric motors replacing the piston engine of a Piper Malibu Mirage in California.

Other partners, including the Orkney Isles-based EMEC, Cranfield Aerospace Solutions, and fuel-cell developer Intelligent Energy should match this funding.

[33] As of January 2019[update], 225 accidents had been reported in the Aviation Safety Network wiki database, including 106 hull losses, causing 219 fatalities.