Aircraft Overviews

Product Overview

The Challenger 3500 features the most technologically advanced cabin in its class and introduces productivity enhancing features such as the industry’s first voice-controlled cabin and the revolutionary Nuage seat as well as the lowest direct operating costs in its class. The Challenger 3500 has outstanding field performance and steep-approach capabilities and can operate in and out of some of the most challenging airports around the world.

As of August 2023, the Challenger 3500 market had no pre-owned aircraft for sale.

Brief History

The Challenger 3500 was introduced in September 2022 as an updated version of the Challenger 350 in the super midsize business jet market.

Worldwide Appeal

There are 33 Challenger 3500 jets in operation worldwide. The majority of those (19) are wholly owned with one in shared ownership and 12 in fractional ownership. 2.9% are currently leased. By continent, all Challenger 3500 are in North America. Flexjet owns the largest fleet of Challenger 3500 aircraft with 10.

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Product Overview

Based on feedback from PC-12 customers, the PC-24 features increased range, speed, and short runway capability. As compared to other business jets in this class, the Pilatus PC-24 achieves this goal with less than 3,000 feet of takeoff distance and 2,120 feet of landing distance.

As of August 2023, 17% of Pilatus PC-24 ownership comes from the pre-owned market, the other 83% from new. 6.3% of those are currently for sale, with the majority (85%) under an exclusive broker agreement. For those on the market, the average sale time is eight months.

Brief History

The Pilatus PC-24 received FAA and EASA type certifications in December 2017 and is certified for single pilot operation. The introduction of the PC-24 was the first entry by Pilatus into the Business Jet Market.

Worldwide Appeal

There are 206 Pilatus PC-24 jets in operation worldwide. The majority of those (177) are wholly owned with five in shared ownership, and 24 in fractional ownership. 6% are currently leased. North America has the largest percentage of wholly owned Pilatus PC-24 aircraft (56%), followed by Europe (29%). Jetfly Aviation SA, Luxembourg owns the largest fleet of Pilatus PC-24 aircraft with 12.

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Product Overview

The Cessna Citation CJ4, like its predecessor the Citation CJ3, is a stretch extension of the previous Citation Jet model. It differs most significantly from the previous models in its moderately swept wing design which it borrows from the Citation Sovereign.

As of April 2023, 51% of the Citation CJ4 ownership comes from the pre-owned market, the other 49% from new. 2.4% of those are currently for sale, with 100% under an exclusive broker agreement. For those on the market, the average sale time is 2.9 months.

Brief History

The first flight of the Citation CJ4 took place on May 5, 2008. Deliveries began in 2010 and production ended in 2020.

Worldwide Appeal

There are currently 340 Citation CJ4 aircraft in operation worldwide. The majority of those (321) are wholly owned with 19 in shared ownership and none in fractional ownership. 13% are currently leased. North America has the largest percentage of wholly owned Citation CJ4 aircraft (79%), followed by Europe (14%). 11% of the CJ4 jets in operation today are in fleet ownership with the government in Japan – Ministry of Land, Infrastucture.

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Product Overview

The G-IV is an upgraded evolution of the G-III with a 54-inch cabin stretch and six cabin windows. The aircraft is fitted with two Rolls-Royce Tay MK 610-8 engines which are more powerful and fuel-efficient than the Spey MK 511-8 model that the G-II and G-III were powered by. The Gulfstream G-IV also became the first business jet to have an entire glass cockpit with an advanced EFIS avionics suite and six-color CRT displays.

As of April 2023, 94% of the Gulfstream G-IV ownership comes from the pre-owned market, the other 6% from new. 12.4% of those are currently for sale, with the majority under an exclusive broker agreement (79%). For those on the market, the average time on the market is 10.4 months. Over the past 12 months, the Gulfstream G-IV has averaged 2 full retail transactions per month.

Brief History

Design work on the G-IV began in early 1983, with the first of four production prototypes making first flight on September 19, 1985. FAA certification was awarded on April 22, 1987.

The G-IV began operational service with serial number 1000 in 1987 and was upgraded to the special purpose G-IV-SP version at serial number 1214 in 1993. A total of 196 Gulfstream G-IV aircraft have been produced.

Worldwide Appeal

There are currently 153 Gulfstream G-IV aircraft in operation worldwide. The majority of those (149) are wholly owned with 4 in shared ownership and none in fractional ownership. 7.8% are currently leased. North America has the largest percentage of wholly owned Gulfstream G-IV aircraft (86%) followed by Asia (7%).

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Product Overview

The Challenger 600 is a twin turbofan large-cabin wide-body business jet best recognized for its very wide cabin. It was one of the first business jets designed with a supercritical wing. The Challenger 600 has four backup power systems, thrust reversers and APU. It is known to be a spacious, comfortable cabin with low noise and vibration levels.

As of December 2022, 98% of the Bombardier Challenger 600 aircraft were purchased pre-owned by their current owner, the other 2% new. 6% are for sale with the majority of those (67%) under an exclusive broker agreement. When for sale the average time on the market is 413 days.

Brief History

The Challenger 600 was originally developed in the mid-1970s to be the Learstar 600 in collaboration between Canadair and Bill Lear of Learjet. In 1976 Canadair purchased the Learstar rights and redesigned it to be the Challenger. It was then certified in 1980. 34 challenger 600 business jets have been retired.

Worldwide Appeal

There are currently 51 Bombardier Challenger 600 aircraft in operation worldwide. All of these are wholly owned. 6% are currently leased. North America has the largest percentage of wholly owned Challenger 600 aircraft (49%), followed by South America (18%) and Africa (8%).

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Product Overview

The Embraer Phenom 300 is a light jet aircraft developed by Brazilian aircraft manufacturer Embraer. They launched the phenom 100 entry-level airplane and the 300-light jet as a clean-sheet pair. The larger light jet, the Phenom 300, first flew in 2008. An all-new wing that features powerful and quiet Pratt & Whitney Canada turbofan engines were also designed by Embraer, based on the basic fuselage cross-section of the 100.

As of February 2023, 41% of the Embraer Phenom 300 aircraft were purchased pre-owned by their current owner, the other 59% new. 3.3% are for sale with the majority of those (88%) under an exclusive broker agreement. When for sale the average time on the market is 156 days.

Brief History

The Embraer Phenom 300 received FAA Type Certification on December 14, 2009, as the Embraer EMB-505. The series began production in 2008 and is still being produced presently. A total of 497 Phenom 300 aircraft have been produced with 487 of them in operation. Six Phenom 300 business jets have been retired.

Worldwide Appeal

There are currently 487 Embraer Phenom 300 aircraft in operation worldwide. The majority of those (311) are wholly owned with 14 in shared ownership and 162 in fractional ownership. 6.6% are currently leased. North America has the largest percentage of wholly owned Phenom 300 aircraft (66%), followed by South America (16%) and Europe (15%).Netjets owns the largest fractional fleet with 88 Phenom 300 aircraft.

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Product Overview

The Global 6000 is one of seven business jet aircraft models built by Bombardier to compete in the ultra-long range large-cabin market. Retaining the flexible wing structure of the original Global Express, the aircraft hosts one of the most comfortable rides in rough air of any purpose-built business aircraft. Compared to its predecessor, the Global XRS, it has improved acoustical insulation with cabin noise levels among the lowest in the business aircraft industry. Cabin pressurization is another strong point.

As of July 2022, 40% of the Global 6000 aircraft were purchased preowned, the other 60% new. 3.6% are for sale with the majority of those (75%) under an exclusive broker agreement. When for sale the average time on the market is 180 days.

Brief History

The Global 6000 was first announced in May 2011 and started delivering to customers in 2012. It traces its roots to the Global Express XRS, which was the third ultra long-range large-cabin business jet, produced. A total of 338 Global 6000 aircraft have been manufactured with 329 in operation, and the remainder in production or at the manufacturer.

Worldwide Appeal

There are 329 Global 6000 business jets in operation worldwide. The majority of those (293) are wholly owned with five in shared ownership and 31 in fractional ownership. 7% are currently leased. North America has the largest percentage of wholly owned Global 6000 aircraft (41%), followed by Europe (33%) and Asia (20%). Vista Jet Ltd. Of Malta owns the largest fleet of Global 6000 aircraft with 28.

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Product Overview

The Cessna Citation CJ3 is an upgraded and extended version of its predecessor the Citation CJ2. Its cruise speed outdoes the CJ2 with a significantly reduced fuel burn and uses natural laminar flow wings to further its Fuel-efficiency. These wings delay the onset of flow separation longer, which significantly improves the lift-to-drag performance. The CJ3 is permitted to operate with a single pilot under U.S. registry only.

As of December 2022, 83% of the Citation CJ3 aircraft were purchased pre-owned by their current owner, the other 17% new. 4.4% are for sale with the majority of those (67%) under an exclusive broker agreement. When for sale the average time on the market is 114 days.

Brief History

The first flight of the Citation CJ3 took place on April 17, 2003. The CJ3 received full FAA type certification in October 2004. Delivery began in December of 2004. The 100th CJ3 was delivered in November 2006. The manufacturing of the Citation CJ3 aircraft is carried out on the CJ1, CJ2, CJ3 common production line at Cessna’s manufacturing facilities in Wichita, Kansas.

Worldwide Appeal

There are 409 Citation CJ3 aircrafts in operation today. The majority of those (378) are wholly owned with 31 in shared ownership. 6.6% are currently leased. North America has the largest percentage of wholly owned Citation CJ3 aircraft (84%), followed by Europe (9%), and South America (5%).

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Product Overview

The Falcon 2000S is a twin-engine French-made Business jet and is a slightly smaller development on the Falcon 900 trijet, with United States transcontinental coast to coast market range. The Falcon 2000S jet comes with fault monitoring and digital diagnostic systems, which help the mechanic in troubleshooting and repair work.

As of December 2022, 28% of the Falcon 2000S were purchased pre-owned by their current owners, the other 72% new. 2.1% are for sale with all of those (100%) under an exclusive broker agreement. When for sale the average time on the market is 120 days.

Brief History

In 1995, the Falcon 2000, a super mid-size business jet, entered service and is the first private jet that Dassault designed without a physical model. Its design was completely digital, created by Computer Aided Three-dimensional Interactive Application (CATIA) software. This software helped improve aerodynamic structure and simplified the airplane’s systems.

Falcon 2000S derivative was launched by Dassault in May 2011 at EBACE and received European Aviation Safety Agency (EASA) certification in March 2013 and Federal Aviation Administration (FAA) certification in April 2013.

Worldwide Appeal

There are 47 Falcon 2000S business jets in operation worldwide, all are wholly owned. 15% are currently leased. North America has the largest percentage or Falcon 2000S aircraft (60%), followed by Europe (23%), and Asia (11%).

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