Aircraft Overviews

Product Overview

The Legacy 450 is a mid-size business jet, filling the gap between Embraer’s smaller Phenom aircraft and the larger Legacy 500 and 650 models. The Legacy 450 has a shorter cabin length (24ft vs. 27.5ft) and a smaller cabin volume (705cu. ft. vs. 823cu. ft.) than the Legacy 500.

As of February 2020, 14% of Legacy 450 aircraft were purchased pre-owned by their current owner, the other 86% new. 3.4% are for sale with all of those under an exclusive broker agreement. When for sale the average time on the market is 102 days.

Brief History

The Legacy 500 and Legacy 450 were announced by Embraer in April 2008. Both models were to be the first of their size with a flat-floor stand-up cabin and fly-by-wire. The Legacy 450’s first flight occurred in December 2013. Brazilian certification and FAA certification came in August 2015 with the first delivery following on 22 December 2015. Embraer increased the range of the Legacy 450 shortly after the first delivery, with a retrofit kit now available for the early build aircraft.

Worldwide Appeal

There are 59 Legacy 450 business jets in operation today. The majority of these are wholly owned (35), with 3 in shared ownership and 21 in fractional ownership. 9 are currently leased with 8 of those leased by fractional provider Flexjet. North America has the largest percentage of wholly owned Legacy 450 aircraft (83%), followed by Europe (14%). FlexJet – US has the largest fleet of Legacy 450 aircraft (22).

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Product Overview

The Global 6500 ultra-long-range business jet gives new life to Bombardier’s Global 6000 series with a re-designed wing, new flight deck features, and a high comfort cabin. The new Rolls-Royce Pearl 15 engines achieve an estimated range of 6,600 nautical miles and a top speed of Mach 0.9. The Global 6500 business jet features Bombardier’s Vision flight deck, which integrates four large display screens, a head-up display (HUD) and a combined vision system (CVS).

The aircraft is also equipped with high-speed SATCOM, graphical flight planning systems, an airport moving map (AMM) and Multi-Scan weather radar. It is integrated with the latest performance-based navigational aids, including a wide-area augmentation system (WAAS), localiser performance with vertical guidance (LPV) and area navigation (RNAV) systems,  en-route required navigation performance (RNP), RNP authorisation required (AR) approaches and controller pilot data link communication (CPDLC).

As of March 2020, only one Global 6500 is in operation and it is registered in the Cayman Islands. One delivery position is for sale with the order holder in the Virgin Islands.

Brief History

The Global 6500 is a new member of the Global family of business jets. The aircraft took its first flight on Jan. 31, 2018, received type certification in September 2019 from Transport Canada, and received FAA certification in December 2019.

There have been 19 Global 6500 business jets built, one is in operation while 17 have a Certificate of Airworthiness and are at the manufacturer waiting to be completed. One Global 6500 is currently in production.

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Product Overview

The Embraer Legacy 600 is a business jet derivative of the Embraer ERJ 145 family of commercial regional jet aircraft. The Legacy 600 is considered a “Super Midsize” category aircraft offering a three-zone cabin, a large aft lavatory with two windows and a 240 cu ft aft baggage compartment.

As of December 2019, 71% of Legacy 600 aircraft were purchased pre-owned by their current owner, the other 29% new. 8.6% are for sale with the majority of those (93%) under an exclusive broker agreement. When for sale the average time on the market is 370 days.

Brief History

The Legacy 600 was first introduced in 2000 at the Farnborough Airshow. JAA certification came in August 2002 and FAA certification followed soon after. The model was originally announced as the “Legacy 2000” and the model name “Legacy 600” was not adopted until 2005. Production ended in 2015 with a total of 175 Legacy 600 aircraft built. One has retired.

Worldwide Appeal

There are 174 Legacy 600 business jets in operation today. Most of these are wholly owned (168) with 6 in shared ownership. 8% are currently leased. Europe has the largest percentage of wholly owned Legacy 600 aircraft (31%), followed by North America (30%) and Asia (22%).

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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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