Product overview

The Embraer Lineage 1000 is an ultra-large executive jet known for its spacious cabin, capable of accommodating up to 19 passengers in various configurations, from lavish lounges to private bedrooms. It boasts long-range capabilities and advanced avionics, offering a comfortable and opulent travel experience for discerning passengers. The aircraft is equipped with modern technology, high-end amenities, and customizable interiors, making it a preferred choice for those seeking premium air travel.

The advanced engineering and sound insulation techniques used contribute to a quieter flight experience for passengers and reduced noise impact on the surrounding environment.

Brief history

The Embraer Lineage 1000 is a variant of the Embraer E190 regional jet, which was launched in 2006. It was specifically developed to cater to the ultra-large executive jet market. Embraer began production of the Lineage 1000 in 2008, and the first aircraft was delivered in May 2009. The Lineage 1000 features include a modified fuselage, extended range, and a luxurious interior suitable for VIP and executive travel. Production of this model was later stopped in 2013. The aircraft was upgraded to the Lineage 1000E model and was later discontinued in 2019.

Worldwide appeal

A total of 14 Lineage 1000E aircraft were produced by Embraer with the majority of those still in operation today. 7.1% of those are for sale. North America has the largest percentage of wholly owned Lineage 1000 aircraft with 43%, followed by Western Europe with 29%. Hamburg owns the largest fleet of Lineage 1000E aircraft with 8 jets.

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The International Air Transport Association (IATA) has announced that 2023 exceeded initial profit expectations, and the outlook for 2024 is even more promising with projections indicating a record $964bn revenue for the airline industry in the coming year.

In fact, 2023 was a near-historic year with a surge in aircraft purchases, including during the Dubai Airshow with Emirates ordering 95 Boeing and 15 Airbus planes, Air Baltic firming 30 additional A220-300s and Turkish Airlines signing a momentous deal for 220 Airbus aircraft in December. As reported in November, these deals are part of a record -breaking 2,370 aircraft orders placed with the two manufacturers in 2023.

As this year’s activity shows, there is industry-wide confidence in the future, with travel now back to pre-pandemic levels. This trend is likely to continue, even if demand might dampen slightly in response to a recession forecast in the US in the first half of 2024.

While the confidence on display is good ne...

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Jetcraft Commercial, the commercial division of the global aircraft trading firm Jetcraft®, has closed a credit facility to support the company’s strategic growth strategy as it works with airlines across the globe to optimize their fleets.

Provided by Pan-African banking firm Absa Group Limited, the new credit facility will ensure Jetcraft Commercial builds upon its strong track record in facilitating multi-layered, complex transactions with airlines worldwide.

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With younger entrepreneurs in the technology and financial sectors now wielding significant purchasing power, we’ve seen that the number of Jetcraft buyers under 45 years old has risen by 20% in the last five years. Additionally, our 2023 Pre-Owned Business Jet Market Forecast also found these younger buyers fly their aircraft 19% more on average than those aged over 50.  

It’s no surprise either that new research from Bain & Co shows that millennials and Generation Z are increasingly driving the ultra-luxury sector, accounting for all of the luxury market’s growth last year.  

Connecting with our audience is how we’re successful. We know our customers. And our regional presence gives us a cultural understanding that many other aircraft specialists can’t match. This insight also applies to the different generations that now make up our customer base. 

So how do you engage with the next generation when it comes to selling luxury assets? 

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At Jetcraft Commercial, we have decades of experience in commercial aircraft transactions. Over the years, we’ve worked with every type of customer across the globe and have seen airlines succeed and fail.

The current landscape provides ample opportunity for this combination of success and failure. On the one hand, commercial aviation has been forced to contend with significant headwinds over the last few years and the post-Covid recovery remains underway. On the other, in adversity there is opportunity, which is why we’ve seen many new carriers enter the market, including Norse Atlantic Airlines, Canada Jetlines, and Bonza in the past year alone, as well as existing smaller operators such as Provincial Airlines in Canada rapidly expanding to replace legacy carriers who have exited markets.

While the prospects for start-up airlines can be exciting, our experience indicates there are several key considerations that will prove key to success.

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Today Jetcraft unveils its virtual hangar, giving visitors 24/7 year-round access to a range of aircraft in a 360-degree immersive experience.

The hangar launch brings together Jetcraft’s full Beyond the Globe experience, following on from the opening of its Decentraland-based lounge, where it became the first business aviation specialist to establish a permanent presence in the Metaverse.

Peter Antonenko, President, Jetcraft noted: “In a world dominated by mobile technology and constant activity, having a virtual space at your fingertips is convenient for all our customers, both new and returning. Over the past five years, we’ve witnessed a remarkable increase in Jetcraft buyers aged under 45, who are embracing business aviation while already being well-versed in up-and-coming tech. We recognized early on the potential of the Metaverse and that offering virtual reality experiences meets the evolving needs of our clients.

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Product Overview

The Hawker 750 is a distinguished light-midsized business jet that combines advanced technology with luxurious comfort. The Hawker 750 shares its fuselage and wings with the renowned midsize Hawker 800 series, providing a sleek and aerodynamically efficient design. Offering the largest cabin in its class, the Hawker 750 prioritizes passenger comfort with a spacious interior. It provides an impressive 79 cubic feet of luggage storage, ensuring ample space for passenger’s belongings.

A fraction of the Hawker 750 aircraft (19%) is currently for sale, with 33% under an exclusive broker agreement. The average sale time for those on the market, is 395 days.

Brief History

The Hawker 750 embarked on its inaugural flight on August 23, 2007, marking a significant milestone in its development. The aircraft later received certification on February 19, 2008. Production of the Hawker 750 concluded in 2012, culminating in a total of 48 deliveries.

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Massimo Burotti, Sales Director, Central Europe, Jetcraft
Location: London, UK

What are your responsibilities within the global Jetcraft team?

Essentially, my primary responsibility is representing Jetcraft towards our clients and our client towards Jetcraft to meet their aviation needs.

Describe a typical day or week in your role.

A typical day in the role of a sales director, is essentially prospecting clients, speaking with principles and family offices and working with banks. The aim is always to always find solutions for their aviation needs.

Describe the company culture at Jetcraft and what it means to you?

One of the primary reasons I decided to join Jetcraft is because the culture of the company is aligned with my personal values. We are professional, honest, trustworthy, and transparent. This is the basis of a transaction that I really believe in doing.

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Jetcraft Asia has won the Asian Business Aviation Association’s (AsBAA) Best Aircraft Sales Broker award for a sixth consecutive year.

Presented during AsBAA’s Icons of Aviation 2023 gala dinner on Saturday 11th November, Jetcraft Asia’s president David Dixon accepted the award on behalf of everyone in the company, which Jetcraft first won in 2015.

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