Aircraft Overviews

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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Product Overview

The Learjet 45 was Learjet’s first clean sheet design since the company’s first aircraft – all other models until that point had evolved from the original 1963 Learjet design of Model 23. This new model changed the Learjet line by combining the efficiency and price of a light jet with the interior space and range of a medium jet. It features lower maintenance costs due to longer inspection intervals.

As of March 2019, 96% of the Learjet 45 aircraft were purchased pre-owned by their current owners, the other 4% new. 10.7% 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 289 days.

Brief History

Bombardier announced it was developing the Learjet 45 at the US National Business Aircraft Association’s annual convention in Dallas in September 1992. The Learjet 45 received FAA Certification in 1997 and ended production in 2007. It was the Learjet Division’s principal product from the 1990s until the introduction of the Model 75 variant in 2012. A total of 248 Learjet 45 business jets were built, 6 are retired.

Worldwide Appeal

There are 242 Learjet 45 business jets in operation today. Most of these are wholly owned (232) with 10 in shared ownership. 5% are currently leased. North America has the largest percentage of wholly owned Learjet 45 aircraft (76%), followed by Europe (9%) and South America (8%).

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Product Overview

The Global 7500 has recently entered service making it the largest and longest range business jet on the market. It features an improved design over the Global 6000 aircraft. The length of the aircraft is 33.71m, overall height is 8.14m and wingspan is 31.79m. The aircraft features a new high-speed transonic wing, which significantly optimizes its aerodynamic efficiency. The aircraft features an onboard maintenance system (OMS), datalink, high-speed SATCOM, next generation cabin management system (CMS) and controller pilot data link communication (CPDLC).

As of March 2019 there have been 22 Global 7500 business jets built and all have received a Certificate of Airworthiness – one is in operation and 21 are at the manufacturer waiting to be completed. One Global 7500 is in production. Two Global 7500 delivery positions are for sale and both of those positions are under an exclusive broker agreement. One delivery position has been on the market for 41 days, the other for 1,603 days.

Brief History

Originally named the Global 7000, the model was renamed the Global 7500 after its extended range was announced in 2018. Type certification with Transport Canada was completed in September 2018, the FAA in November 2018, and the European Aviation Safety Agency signed off on the new model in early February 2019. The Global 7500 had 100 secured orders as it entered service on 20 December 2018. VistaJet Charter operator (30), and NetJets fractional provider (20) have a combined total of 50 orders.

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Product Overview

Dassault launched the Falcon 900 in 1987 and introduced the Falcon 900EX in 1996. In 2003 Dassault began offering the 900EX with the EASy digital cockpit calling the model the 900EX EASy. Based on the Honeywell Primus Epic system, EASy (Enhanced Avionics System) offers improved safety via information management features to improve overall crew situational awareness.

As of January 2019, 60% of the Falcon 900EX EASy aircraft were purchased pre-owned by their current owners, the other 40% new. 7.6% are for sale with the majority of those (89%) under an exclusive broker agreement. When for sale, the average time on the market is 288 days.

Brief History

The Falcon 900EX EASy received certification from the FAA and EASA in November 2003 and production ended in 2010. A total of 122 Falcon 900EX EASy business jets were built, 3 are retired.

Worldwide Appeal

There are 119 Falcon 900EX EASy business jets in operation today. Most of these are wholly owned (117) with 2 in shared ownership. 12.6% are currently leased. North America has the largest percentage of wholly owned Falcon 900EX EASy aircraft (69%), followed by Europe (20%).

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Product Overview

The Cessna Citation XLS+ is the third aircraft in the Citation Excel series (also including the Excel and the XLS models). It is the updated version of the Citation XLS and features improved Pratt & Whitney PW545C engines and an upgraded Collins Pro Line 21 avionics suite. Exterior and interior restyling is also integrated into the new model, most prominently the extended contour of the nose and expanded seat widths.

As of January 2019, 36% of Citation XLS+ aircraft were pre-owned by their current owner, the other 64% new. 4% are for sale with more than half of those (64%) under an exclusive broker agreement. When for sale the average time on the market is 123 days.

Brief History

Certification for the Citation XLS+ came in the first quarter of 2008 with the first customer delivery in the final quarter of 2008. A total of 261 Citation XLS+ aircraft were built, 1 is retired and 4 are with the manufacturer.

Worldwide Appeal

There are 256 Citation XLS+ aircraft in operation today. Most of these are wholly owned (251) with 5 in shared ownership. 10% are currently leased. North America has the largest percentage of wholly owned Citation XLS+ aircraft (61%), followed by Europe (26%), and Asia (7%).

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Product Overview

The Gulfstream GIV/GIV-SP is a midsize cabin business jet with significant improvements including a larger cabin, longer-range and advanced development over the earlier GII and GIII. The biggest improvement with the GIV/GIV-SP over the earlier Gulfstream models is the Rolls-Royce Tay engines which bring more efficient fuel burn and lowered noise emission.

The GIV/GIV-SP is the first in the Gulfstream family to employ Goodyear Aerospace’s brake-by-wire system and a Dowty fail-passive steer-by-wire system, making maneuverability easier. The Gulfstream GIV-SP gross takeoff weight is a 1,400 pound increase over the GIV.

As of October 2018, 85% of Gulfstream GIV-SP aircraft were purchased pre-owned by their current owners, the other 15% new. 8.9% are for sale with the majority of those (86%) under an exclusive broker agreement. When for sale, the average time on the market is 339 days.

Brief History

The Gulfstream GIV-SP (SP stands for Special Performance) replaced the GIV in September 1992. The GIV-SP has higher payload and landing weights and improved payload range performance. There is an Aircraft Service Change (ASC) 190 modification which allows an owner/operator to upgrade a GIV to a GIV-SP. A total of 304 GIV-SP business jets were built, 2 are retired.

Worldwide Appeal

There are 302 Gulfstream GIV-SP business jets in operation today. Most of these are wholly owned (295) with 4 in shared ownership and 3 in fractional ownership. 11% are currently leased. North America has the largest percentage of wholly owned Gulfstream GIV-SP aircraft (86%), followed by Asia (6%).

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