Jetcraft is celebrating the completion of the world’s first transaction of a pre-owned Embraer Praetor 600.

The sale of the super-midsize jet completes a landmark triple crown for Jetcraft, after the company facilitated transactions for the first pre-owned Gulfstream G500, and one of the first pre-owned Bombardier Global 7500s not long after certification.

Chad Anderson, President at Jetcraft, says: “The Praetor 600 is one of the world’s newest, and most disruptive private jets, capable of flying further than any other super-midsize with non-stop travel between London to New York, or Oslo to Dubai.

“As we continue to see fresh innovations from OEMs, we’re witnessing a step-change in ownership patterns. Some buyers are seeking to quickly upgrade their aircraft to the latest model, meaning a pre-owned jet can now be available a year or two after its original certification.”

The Praetor 600 transaction builds upon positive momentum for the company. Jetcraft’s 20...

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Adrian Parcell-Jones, Tax Director, Martyn Fiddler Aviation

How long have you been at your current organization?

I have worked at Martyn Fiddler Aviation for over six years.

What are your responsibilities within your organization?

I am responsible for overseeing our tax advisory service – making sure that the tax advice we provide to our clients is up-to-date and relevant as well as overseeing the integrity of our in-house products and services.

Describe a typical day or week in your role.

With lockdown in place for much of last year in the UK my days do follow a routine.  I normally start with a run around my local park before settling down in my home office (my kitchen!) to catch up with overnight e-mails from the US and other countries, before catching up with the tax team and starting work on advice requested by our clients.  After that, the work is very varied. Lately I have been involved with developing and presenting webinars, but there are often client meetings by video, or work on tax changes and more recently the challenges of understanding the impact of Brexit and the UK’s departure from the EU.

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Well, we did it. Together with our clients we navigated our way through a turbulent year for business aviation. We met some significant hurdles, with aircraft sales that all but halted during 2020’s second quarter. Despite the global shutdown in Q2, Jetcraft’s sales of private jets were consistent with previous year deal counts. As CJI London recently debated, the industry is likely to see a ‘vaccine bounce’ emerge in 2021, and, along with well-established Covid-19 testing programs already in place, signals a growing confidence and need to travel. This new year brings a fresh optimism, with vaccines now deploying, and increased market stability as we plot the path towards recovery.

On behalf of everyone at Jetcraft, we would like to thank all our clients, employees, partners, vendors, and friends for their continued support. Now, let’s look ahead to business aviation in 2021.

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Product Overview

The Praetor 600 is derived from the Legacy 500 model but has more fuel capacity and more powerful engines. It features a six-foot-tall, flat-floor cabin, stone flooring and a vacuum service lavatory. The eight fully reclining club seats may be berthed into four beds, and the baggage space is the largest in the class. The Praetor 600 is the first super-midsize jet with full fly-by-wire.

High-capacity, ultra-high-speed connectivity for all aboard is available through Viasat’s Ka-band with speeds of up to 16Mbps and unlimited streaming. An optional in-flight entertainment system consists of a high-definition video system, surround sound, and multiple audio and video input options.

As of December 2020, the Praetor 600 market is comprised of all New deliveries and none are for sale in the pre-owned market.

Brief History

First announced at NBAA in October 2018, the Praetor 600 was certified on April 18, 2019 with Brazil’s Civil Aviation Authority (ANAC) and on May 20, 2019 with EASA and FAA. The Praetor 600 super-midsize business jet is a replacement for the Legacy 500 with the first aircraft being delivered in June 2019.

Worldwide Appeal

There are 21 Praetor 600 jets in operation today. All of these are wholly owned. 14.2% are currently leased. North America has the largest percentage of wholly owned Praetor 600 aircraft (60%), followed by Europe (25%).

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Massimo Burotti, Sales Director
Location: London, United Kingdom

How long have you been at Jetcraft?

I recently joined Jetcraft in September 2020.

What are your responsibilities within the global Jetcraft team?

I am the Sales Director for Germany, Austria, Switzerland, Italy and Hungary. Although Sales Director is the official title, my primary responsibility is to represent Jetcraft within the territory and to represent my clients.

Describe a typical day or week in your role.

I generally start my day at 5:30am where I take 30-40 minutes and look at my emails that came in overnight. This is followed by walking my dog, a fitness workout and breakfast with my family which is very important to me. My goal is to try to make a new connection every day – meeting someone new in the region. My workday is generally spent on the phone speaking with customers or potential customers. The conversations vary between a casual conversation, introducing Jetcraft or discussing the current market. I also spend time studying the market in preparation for the following day.

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Jetcraft is strengthening the company’s presence in the Americas with the appointment of Todd Spangler as Sales Director covering Florida, Central and South America.

Spangler joins Jetcraft following a 25-year career in business aviation, with senior level sales positions at Bombardier, Elliott Jets, Hawker Beechcraft and NetJets. As Sales Director for the Americas, Spangler will oversee Jetcraft’s strategic partnerships in the region, including Aerolineas Ejecutivas which operates as a Jetcraft authorised representative in Mexico, Central America, the Caribbean and the Latin market in Florida and Texas.

Chad Anderson, President at Jetcraft, says: “While 2020 was undoubtedly challenging, the surge in aircraft transactions we witnessed in Q4 demonstrates the resilience of business aviation and the ability of our industry to attract a new generation of users during the Covid-19 recovery.

“We’re confident 2021 will continue to see positive momentum, particularly in the ...

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Jetcraft recently released its annual Market Forecast, which explores the resilience of business aviation and predicts a return to strength for the industry post-Covid-19. If you have not yet downloaded your copy, this video hits the highlights of the market forecast. Take a peek here and then download your copy of the forecast at https://www.jetcraft.com/knowledge/market-forecast/

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Product Overview

The Cessna Citation CJ2 and CJ2+ (Model 525A) are an upgrade of model 525 (CJ/CJ1/M2). They vary most significantly from the Citation 525 series in respect to their markedly increased range and payload capacity. The CJ2+ is an improved version of the CJ2, featuring upgraded engines which provide a slight increase of engine thrust, range, and speed. Both the CJ2 and CJ2+ can be single pilot operated.

As of October 2020, 71% of all Citation CJ2+ aircraft were purchased pre-owned by their current owners, the other 29% new. 7.6% are for sale with more than half of those (71%) under an exclusive broker agreement. When for sale the average time on the market is 264 days.

Brief History

The first delivery of the Cessna Citation CJ2+ occurred in 2005 and the series ended production in 2014. A total of 226 aircraft were produced with 3 now retired. The CJ2+ is the follow-on aircraft of the CJ2, which started production in 2000 and ended in 2006.

Worldwide Appeal

There are 223 Citation CJ2+ jets in operation today. The majority of these (209) are wholly owned with 9 in shared ownership and 5 in fractional ownership. 4.9% are currently leased. North America has the largest percentage of wholly owned Citation CJ2+ aircraft (56%), followed by Europe (30%), and South America (9%).

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Tim Fagan – Director, Industrial Design & Head of Cabin Development, Aerion Supersonic

How long have you been at your current organization?

I have been part of the Aerion team for just over a year now, based at our Reno, NV headquarters.

What are your responsibilities within your organization?

I am directing the Industrial Design activity for the AS2 development and leading the overall development of the Cabin as an overall system and user experience.  This involves defining the cabin configuration (sizing , dimensions, system layout) as part of the overall aircraft integration, the various ways we can arrange and customize the cabin interior, and defining with our internal team and our supplier/partners the individual systems that comprise the cabin: seating, cabinetry, lighting, cabin technology, etc.  We are also planning the tools that we will need to meet with our customers to configure and customize their own AS2 aircraft.

Describe a typical day or week in your role.

One of the exciting aspects of Aerion is the breadth and variety of activity – we are building both a company and a revolutionary aircraft from the ground-up so there’s plenty of variation and collaboration with different stakeholders every day.

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