Aircraft Overviews

Product Overview

The Cessna Citation X, a medium-sized long-range business jet, marked the launch of the all-new 750 series, taking over the well established 650 series. It was considered a completely new aircraft, made from scratch in all major aspects and not an upgraded version of previous Citation Jet aircraft.

As of February 2018, 75% of Citation X aircraft were purchased pre-owned by their current owners, the other 25% new. 10.4% are for sale with more than half of those (69%) under an exclusive broker agreement. When for sale, the average time on the market is 373 days.

Brief History

The Citation X was announced at the NBAA Convention in October 1990 with the first prototype taking flight in December 1993. The first delivery of the Citation X occurred in July 1996 to golfer and devoted Cessna customer, Arnold Palmer. A total of 315 Citation X aircraft have been manufactured with 309 currently in operation worldwide. An updated version called the New Citation X+ was launched in 2010 featuring upgraded engines and advanced avionics systems. Deliveries of the new Citation X+ started in 2013 and there are currently 27 in operation worldwide.

Worldwide Appeal

There are 309 Citation X aircraft in operation today. Most of these are wholly owned (276), with 26 in fractional and 7 in shared ownership. 11% are currently leased. North America has the largest percentage of wholly owned Citation X aircraft (88%), followed by Europe (5%).

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Product Overview

The Challenger 605 was introduced as an upgrade to the Challenger 604. With the success of the Challenger line, Bombardier continues to use the general design while offering updated technology and improvements. The 605 offers larger and higher positioned windows, an upgraded galley, a revamped cabin and cockpit, and upgraded avionics, along with an increased payload.

As of September 2017, 42% of the Challenger 605 aircraft were purchased pre-owned by their current owners, the other 58% new. 6.3% are for sale with the majority of those (89%) under an exclusive broker agreement. When for sale, the average time on the market is 251 days.

Brief History

Bombardier introduced its Challenger 604 in 1995 as a major upgrade on the Challenger 601 design that incorporated more powerful engines, larger fuel supply, a completely new undercarriage, structural improvements to its wings and tail and a new avionics system. Ten years later the Challenger 605 was introduced with upgrades to the 604 design. Production ended in 2016 with a total of 290 Challenger 605 aircraft manufactured.

Worldwide Appeal

There are 287 Challenger 605 aircraft in operation today. Most of these are wholly owned (281) with 3 in shared and 3 in fractional ownership. 9.4% are currently leased. North America has the largest percentage of wholly owned Challenger 605 aircraft (58%), followed by Asia (21%), and Europe (17%).

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Product Overview

The Global 5000 is an ultra-long range, wide-body business jet with the advantage of having short takeoff and landing performance. The cabin is divided into three zones with optional rear stateroom, and features a large galley, forward and aft lavatories, and a generously sized baggage compartment. Overall it offers comfort, flexibility, and innovation.

As of September 2017, 70% of the Global 5000 aircraft were purchased new by their current owners, the other 30% pre-owned. 8.3% are for sale with the majority of those (89%) under an exclusive broker agreement. When for sale, the average time on the market is 489 days.

Brief History

The Global 5000 is a slightly smaller and faster derivative of the Global Express, which was the second ultra long-range large-cabin business jet produced and started delivering to customers in 1997. The Global 5000 made its maiden flight in March 2003 with FAA and JAA type certification awarded in October 2004. In 2008 Bombardier announced an increased certified gross weight, which permitted increased fuel load and an increased projected maximum range. A total of 221 Global 5000 aircraft have been manufactured with 218 in operation worldwide.

Worldwide Appeal

There are 218 Global 5000 aircraft in operation today. Most of these are wholly owned (204) with 1 in shared and 13 in fractional ownership. 13% are currently leased. North America has the largest percentage of Global 5000 aircraft (43%), followed by Europe (29%), and Asia (25%).

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Product Overview

The Gulfstream GIV is an updated version of the Gulfstream GIII. It was given a 54-inch cabin stretch (allowing for a 6th window on each side), upgraded engines that are more powerful and fuel efficient than their predecessors, and an aerodynamically and structurally improved wing which allows for additional fuel capacity. Upgraded avionics made it the first business jet to have an entire glass cockpit with an advanced EFIS avionics suite and six color CRT displays.

As of September 2017, 93% of Gulfstream GIV aircraft were purchased pre-owned by their current owners, the other 7% new. 10.1% are for sale with the majority of those (72%) under an exclusive broker agreement. When for sale, the average time on the market is 371 days

Brief History

Design work on the GIV began in early 1983 and the first flight took place on September 19, 1985. The GIV entered into service in 1987 after receiving FAA certification on April 22 of that year. A total of 196 GIV aircraft were manufactured with 179 currently in operation worldwide. It was upgraded to the special purpose GIV-SP version in 1993 and was later re-designated the G400.

Worldwide Appeal

There are 179 Gulfstream GIV aircraft in operation today. Most of these are wholly owned (175) with three in shared and one in fractional ownership. 11% are currently leased. North America has the largest percentage of wholly owned Gulfstream GIV aircraft (86%) followed by Asia (7%).

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Product Overview

The Falcon 7X is a fly-by-wire ultra-long range business jet which flies further and faster than any of its Falcon predecessors. It features a completely new wing design including winglets, which makes the longer range possible.

As of September 2017, 27% of the Falcon 7X aircraft were purchased pre-owned by their current owners, the other 73% new. 7.7% are for sale with the majority of those (67%) under an exclusive broker agreement. When for sale, the average time on the market is 284 days.

Brief History

The Dassault Falcon 7X was first presented to the public at the 2001 Paris Air Show and first flew in May 2005. The type certificate was received in April 2007 from the FAA and EASA and it entered service in June.

Worldwide Appeal

There are 271 Falcon 7X aircraft in operation today. Most of these are wholly owned (267) with 4 in shared ownership. 9.2% are currently leased. Europe has the largest percentage of wholly owned Falcon 7X aircraft (43%), followed by North America (31%) and Asia (16%).

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Product Overview

The Global 6000 is the fourth and latest business jet aircraft model built by Bombardier to compete in the new ultra-long range large-cabin market. The Global 6000 has a large spacious cabin in excess of 2,000 cubic feet and can travel non-stop over 6,100 nm. The ultra-long range market is defined as a new group of large cabin business jets that can fly 6,000 nm or greater distance.

As of July 2017, 91% of the Global 6000 aircraft were purchased new by their current owners, the other 9% pre-owned. 4.7% are for sale with the majority of those (73%) under an exclusive broker agreement. When for sale, the average time on the market is 236 days.

Brief History

The Global 6000, which started delivering to customers in 2012, traces its roots to the Global Express XRS, which was the third ultra long-range large-cabin business jet, produced. A total of 280 Global 6000 aircraft have been manufactured with 241 in operation, 5 in production, and 24 at the manufacturer.

Two new aircraft will follow the Global 6000. They are the Global 7000 and Global 8000 ultra-long-range large cabin business jets.

Worldwide Appeal

There are 241 Global 6000 aircraft in operation today. Most of these are wholly owned (220) with 2 in shared and 19 in fractional ownership. 8% are currently leased. North America has the largest percentage of wholly owned Global 6000 aircraft (36%), followed by Europe (40%), and Asia (18%).

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Product Overview

The large-cabin Falcon 900LX is the latest in the Falcon 900 series. This newest model offers an improved range and less fuel consumption than its predecessor, the Falcon 900EX. The addition of winglets designed by Aviation Partners reduces drag and thereby cuts fuel burn by 5% to 7% while also reducing time to climb as compared to the Falcon 900EX.

As of August 2017, 22% of the Falcon 900LX were purchased pre-owned by their current owners, the other 78% new. 13.6% are for sale with half of those (50%) under an exclusive broker agreement. When for sale, the average time on the market is 401 days.

Brief History

The Falcon 900LX is the seventh Falcon 900 series model built and was introduced as a performance enhanced version of the Falcon 900EX, receiving certification from the FAA and EASA in July 2010. A total of 61 Falcon 900LX aircraft have been manufactured with 59 in operation worldwide.

Worldwide Appeal

There are 59 Falcon 900LX aircraft in operation today. All of these are wholly owned (59). 18.6% of the 59 are currently leased. North America has the largest percentage (55%), followed by Europe (27%) and Asia (16%).

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Product Overview

The Hawker 400XP business jet is a small-cabin business jet produced by Textron Beechcraft in Wichita, Kansas, USA. It is ideal for short trips and strikes a good balance between comfort, performance, and operating costs.

As of June 2017, 61% of the Hawker 400XP were purchased pre-owned by their current owners, the other 39% new. 13% are for sale with the majority of those (76%) under an exclusive broker agreement. When for sale, the average time on the market is 337 days

Brief History

The Beechjet 400A was built from 1990 to 2003. In 2004 the Hawker 400XP replaced the Beechjet 400A starting with serial number RK-354. Upgrades from the 400A model included an increased gross weight, a longer range, and a redesigned fuel system; however, it retained the same Pratt & Whitney Canada JT15-D engines. When production ended in 2010, it became the last small-cabin business jet to be powered by this engine. A total of 225 Hawker 400XP aircraft were manufactured with 223 in operation worldwide.

Worldwide Appeal

There are 223 Hawker 400XP aircraft in operation today. Most of these are wholly owned (210) with 9 in shared and 4 in fractional ownership. 22.4% are currently leased. North America has the largest percentage of wholly owned Hawker 400XP aircraft (70%), followed by Asia (11%) and South America (11%).

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Product Overview

The Challenger 601-3R is a twin turbofan large-cabin wide-body business jet. The cabin is uncharacteristically large with a quiet interior for passenger comfort, and offers a surprisingly high performance considering its size and weight. It is similar to its predecessor, the Challenger 601-3A model, but has upgraded engines, a fuselage tailcone fuel tank, and 2,000 lb. gross weight increase.

As of June 2017, 91% of the Challenger 601-3R were purchased pre-owned by their current owners, the other 9% new. 12.1% are for sale with the majority of those (86%) under an exclusive broker agreement. When for sale, the average time on the market is 314 days.

Brief History

The Challenger 601 series is an improvement over the Challenger 600 aircraft and consists of 3 versions – 1A, 3A and 3R. The Challenger 601-3R, which uses the -3A1 General Electric CF34 engine, replaced the Challenger 601-3A in 1993 as the most recent variation in the 601 series. A total of 60 Challenger 601-3R aircraft have been manufactured with 58 in operation today.

Worldwide Appeal

There are 58 Challenger 601-3R aircraft in operation today. Most of these are wholly owned (56) with 2 in shared ownership. 3.4% of the 58 are currently leased. North America has the largest percentage of Challenger 601-3R aircraft (84%), followed by Asia (5%) and Africa (5%).

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