Aircraft Overviews

Product Overview

The Cessna Citation CJ2 (Model 525A) is an upgrade of model 525 (CJ/CJ1/M2) including a stretched cabin and wingspan along with increased range and payload capacity. The CJ2 can be single pilot operated.

As of December 2019, 91% of Citation CJ2 aircraft were purchased pre-owned by their current owner, the other 9% new. 12.3% are for sale with the majority of those (79%) under an exclusive broker agreement. When for sale the average time on the market is 319 days.

Brief History

The first delivery of the Cessna Citation CJ2 occurred in 2000 and the series ended production in 2006. A total of 243 Citation CJ2 aircraft were built with 7 retired. The CJ2+ was the follow-on aircraft that started production in 2005 and ended in 2016.

Worldwide Appeal

There are 236 Citation CJ2 business jets in operation today. Most of these are wholly owned (224) with 12 in shared ownership. 11 are currently leased. North America has the largest percentage of wholly owned Citation CJ2 aircraft (69%), followed by Europe (20%).

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Product Overview

The Challenger 604 is a super mid-sized class aircraft introduced as a major upgrade to the Challenger 601 design. This updated model incorporated more powerful engines, larger fuel supply, completely new undercarriage, structural improvements to wings and tail, and a new electronic flight instrumentation system. The Challenger 604 is a longer-range derivative of the 601-3R with a larger fuel capacity and upgraded engines.

As of October 2019, 87% of Challenger 604 aircraft were purchased pre-owned by their current owner, the other 13% new. 6.2% are for sale with the majority of those (82%) under an exclusive broker agreement. When for sale the average time on the market is 320 days.

Brief History

The Challenger 604 started deliveries in 1995 when it replaced the Challenger 601 and was one of the first business jet designs with a super-critical wing. Several variants of the Challenger 604 have been manufactured to meet demanding missions of various military entities around the world. A total of 365 Challenger 604 business jets have been built with 10 retired.

Worldwide Appeal

There are 355 Challenger 604 business jets in operation today. Most of these are wholly owned (344) with 11 in shared ownership. 6% are currently leased. North America has the largest percentage of wholly owned Challenger 604 aircraft (66%), followed by Europe (17%), and Asia (9%).

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Product Overview

The Cessna Citation XLS is the second aircraft in the Citation Excel series. It is an updated version of the original Citation Excel (Model 560 XL). Upgraded Pratt & Whitney PW545B engines allow for an enhanced powerplant performance.

As of October 2019, 64% of Citation XLS aircraft were purchased pre-owned by their current owner, the other 36% new. 3.7% are for sale with the majority of those (75%) under an exclusive broker agreement. When for sale the average time on the market is 231 days.

Brief History

The first delivery of the Citation XLS occurred in 2003 and production ended in 2008. The Citation XLS was replaced by the XLS+ model which was another upgraded model in the Excel series. A total of 330 Citation XLS business jets have been built with 1 retired and 1 still at the manufacturer.

Worldwide Appeal

There are 328 Citation XLS business jets in operation today. Most of these are wholly owned (236) with 12 in shared ownership and 80 in fractional ownership. 7% are currently leased. North America has the largest percentage of wholly owned Citation XLS aircraft (70%), followed by Europe (15%). NetJets – US has the largest fleet of Citation XLS aircraft (56) followed by NetJets – Europe with 24 aircraft, for a total of 80 in fractional ownership.

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Product Overview

The Gulfstream G500 came about as a replacement to the Gulfstream G450, flying faster, further, and carrying more passengers and baggage than its predecessor. According to Gulfstream, the G500 has a top speed of 0.925 Mach or the speed of sound. It is equipped with a ventilation system that can replace the air in the cabin with fresh air in just 2 minutes and also has active side-stick control technology.

As of September 2019, 1 of the Gulfstream G500 aircraft were purchased pre-owned by their current owner, the other 22 new. One G500 aircraft is currently for sale and is under an exclusive broker agreement. Jetcraft brokered the world’s first transaction of a pre-owned Gulfstream G500 aircraft.

Brief History

The GIV and G450 were produced by Gulfstream to offer greater safety, technology, and performance. The Gulfstream G500 has now replaced those models with even more improvements to these key factors. The Gulfstream G500 first flight was in May 2015 with service entry in September 2018. A total of 60 Gulfstream G500 business jets have been built, these serial numbers begin with a 7.

Before the G500 model, was the G-500 model. The G-500 was built from 2006 to 2008 but production ended due to poor sales. Only 9 units were produced, all of these are still in operation and their serial numbers start with a 5.  Gulfstream made this model less expensive than the G-550 by reducing the Basic Operating Weight (BOW) by 400 pounds. The G-500 is powered by two Rolls Royce BMW/RR BR-700-C4-11 engines.

Worldwide Appeal

There are 23 Gulfstream G500 business jets in operation today and all are wholly owned. 13% are currently leased. North America has the largest percentage of Gulfstream G500 aircraft (74%), followed by Asia (17%).

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Product Overview

The Falcon 2000LXS was designed as a replacement for its predecessor, the Falcon 2000LX. One of the biggest differentiating features of the 2000LXS is the model’s improved short field capability. The reduced landing distance allows for more access to airports for takeoff and landings compared to other aircraft in its class.

As of September 2019, 17% of Falcon 2000LXS aircraft were purchased pre-owned by their current owner, the other 83% new. 7.9% are for sale with the majority of those (71%) under an exclusive broker agreement. When for sale the average time on the market is 129 days.

Brief History

The Falcon 2000 model initially launched in 1994 with a few variants following. In 2009 the 2000LX model was released as a longer range variant with a range capability of 4,000 nautical miles. The Falcon 2000LXS debuted in 2014 bringing the rare combined ability to travel long-range distances and also to land on short and challenging runways. A total of 96 Falcon 2000LXS aircraft have been produced to date with 89 currently in operation.

Worldwide Appeal

There are 89 Falcon 2000LXS business jets in operation today and all are wholly owned. 19% are currently leased. North America has the largest percentage of wholly owned Falcon 2000LXS aircraft (66%), followed by Europe (26%).

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Product Overview

The twin-engine, seven-seat HondaJet HA-420 is the first aircraft developed by Honda Aircraft Company. The over-the-wing engine mount is the major differentiating feature of the HondaJet and was engineered and proven by Honda after more than 20 years of extensive research and development. The HondaJet’s over wing engine mount configuration was designed to maximize cabin space and achieve lower wave drag at a high Mach number. The nose and wing are designed for laminar flow, and the main fuselage has a constant profile.

As of June 2019, 16% of the HondaJet HA-420 aircraft were purchased pre-owned by their current owners, the other 84% new. 23.3% are for sale with the majority of those (81%) under an exclusive broker agreement. When for sale, the average time on the market is 298 days.

Brief History

Honda began to research compact business jets in 1986. The design of the first HondaJet was years in the making, but the concept was locked-in in 1999. The first proof-of-concept version of the HondaJet flew in 2003 with the first FAA-conforming/production ready HondaJet having its first flight in December 2010. The GE Honda HF120 engine received FAA type certification on 13 December 2013, and production certification in 2015. The HondaJet HA-420 was certified in December 2015 with the first delivery happening that same month. A total of 120 HondaJet HA-420 aircraft have been built with 2 retired/stored and 28 at the manufacturer.

Worldwide Appeal

There are 90 HondaJet HA-420 aircraft in operation today. All of these are wholly owned and 3% are currently leased. North America has the largest percentage of wholly owned HondaJet HA-420 aircraft (82%), followed by Europe (11%).

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Product Overview

The Global Express XRS is an improved version of the Global Express aircraft, offering higher cruise speed, increased range, and improved cabin layout and lighting. The range increase is achieved by the addition of a 1,486 lb. (674 kg.) fuel tank at the wing root.

As of June 2019, 60% of Global Express XRS aircraft were purchased pre-owned by their current owner, the other 40% new. 10.7% are for sale with the majority of those (88%) under an exclusive broker agreement. When for sale the average time on the market is 191 days.

Brief History

The Global Express XRS was the third business jet aircraft model built by Bombardier to compete in the ultra-long range large-cabin market. It is reported that the letters have no significance but were chosen simply to improve the brand image. The Global Express XRS entered into service in 2004 and production was stopped in 2012. A total of 163 Global Express XRS business jets were built with 2 still at the manufacturer and 2 retired.

Worldwide Appeal

There are 159 Global Express XRS business jets in operation today. Most of these are wholly owned (157) with one in shared ownership and one in fractional ownership. 7% are currently leased. North America has the largest percentage of wholly owned Global Express XRS aircraft (44%), followed by Europe (28%), and Asia (15%).

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Product Overview

The Cessna Citation Sovereign+ is the successor to the Citation Sovereign model. The Sovereign+ features upgraded engines, which provide a longer range, and winglets as a standard offering versus an option on the original Sovereign. The Sovereign+ also has improved take-off and landing capability and the addition of the Garmin G5000 avionics. The range is the strongest feature of both the Sovereign and Sovereign+ with Coast-to-Coast capabilities and the ability to take-off and land at short distances thanks to a moderately swept high-aspect ratio wing.

As of March 2019, 24% of Citation Sovereign+ aircraft were purchased pre-owned, the other 76% new. 7% are for sale with more than half of those (83%) under an exclusive broker agreement. When for sale the average time on the market is 98 days.

Brief History

Production of the Citation Sovereign ended in 2013 and was replaced by the improved Sovereign+. The Sovereign+ was initially announced at the October 2012 NBAA, it first flew in April 2013 and was certified in December 2013. A total of 84 Sovereign+ business jets have been built.

Worldwide Appeal

There are 84 Citation Sovereign+ business jets in operation today and all are wholly owned. 8.3% are currently leased. North America has the largest percentage of Sovereign+ aircraft (83%), followed by Europe (9%) and South America (7%).

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Product Overview

The Challenger 650 is the updated version of the Challenger 605. The Challenger 650 features 2 additional executive seats to accommodate up to 12 passengers, upgraded engines offering a higher thrust rate to reduce takeoff field length, and larger appliances in the galley to assist with faster meal preparation.

As of March 2019, 6% of Challenger 650 aircraft were purchased pre-owned by their current owner, the other 94% new. 3.5% are for sale with all of those (100%) under an exclusive broker agreement. When for sale the average time on the market is 129 days.

Brief History

The CL-600 platform has evolved over the years with the Challenger 650 being the latest model. The Challenger 604 was introduced in 1995 as a major upgrade to the Challenger 601 – it was given more powerful engines, larger fuel supply, structural improvements to its wings and tail, and a new electronic flight bag. Ten years later (2005), the Challenger 605 was introduced with an avionics and structural upgrade from the 604 design. Ten years after that (2015) came the Challenger 650, which Bombardier first announced at NBAA in 2014 with NetJets being the launch customer. A total of 91 Challenger 650 aircraft have been built with 5 still at the manufacturer.

Worldwide Appeal

There are 86 Challenger 650 business jets in operation today. Most of these are wholly owned (66) with 20 in fractional ownership. 7% are currently leased. North America has the largest percentage of wholly owned Challenger 650 aircraft (56%), followed by Europe (29%) and Asia (10%). NetJets – US has the largest fleet of Challenger 650 aircraft (20).

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