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71-630: The Cessna Citation Excel is an American midsize business jet in the Cessna Citation family . Announced in October 1994, the Model 560XL first flew on February 29, 1996, certification was granted in April 1998, and over 1,000 have been delivered. The 2,100 nmi-range (3,900 km), 20,200 lb (9,200 kg) MTOW jet is powered by two 3,650–4,080 lbf (16.2–18.1 kN) PW545 turbofans, has
142-457: A FAR Part 135 charter operation. NetJets announced in September 2023, that it will be purchasing up to 1,500 Cessna Citation jets from Textron Aviation . Deliveries for this 15-year deal are expected to begin in 2025. NetJets Europe, also known by its corporate legal name, NetJets Transportes Aéreos, S.A., was launched in 1996 as a sister company of NetJets and is now a subsidiary. It
213-608: A Gulfstream G750 ; in 2021 the Dassault Falcon 6X , Learjet 70 XR/75XR and Global 7500 XR; in 2022 the Bombardier Challenger 350XRS ; in 2023 the Citation Hemisphere , an Embraer Legacy 700, Phenom 100 V+, Dassault Falcon 9X, Bombardier Challenger 750 and Gulfstream G400NG ; in 2025 a Citation Mustang 2+. Most production business jets use two jet engines as a compromise between
284-471: A cruciform tail or T-tail to reduce interference drag and increase exhaust clearance. Practical limits on the ground clearance of these smaller aircraft have prompted designers to avoid the common jetliner configuration of a low wing with underslung podded engines. The sole business jet to use this layout, the early McDonnell 119, was rejected by the USAF due to foreign object damage concerns, leading to
355-601: A fighter . A U.S. type certificate was awarded in July 1958, but commercial sales were limited, with most examples going to the military; an improved civilian version similar to a modern very light jet , with a six-seat enclosed cabin and a conventional door, never proceeded past the prototype stage. The commercial failure of the MS.760 Paris prompted the cancellation of projects by Cessna and Douglas Aircraft to market similar jets. The development of center-aisle cabin business jets
426-466: A 44,500 lb (20.2 t) maximum take-off weight (MTOW), then two General Electric CF700 turbofans. The smaller, 17,760 pounds (8.06 t) MTOW North American Sabreliner , tailored to the USAF UTX requirement, first flew on 16 September 1958. Powered by two Pratt & Whitney JT12 turbojet engines then Garrett TFE731s , more than 800 were produced from 1959 to 1982. Designed in 1957 for
497-573: A business jet, Embraer derived the Legacy 600 from the Embraer ERJ family of regional jet airliners. Powered by two 8,800 pounds-force (39.2 kN) Rolls-Royce AE 3007s , the first flight of the 50,000 pounds (22.5 t) aircraft was on 31 March 2001. On 14 August 2001, the Bombardier Challenger 300 made its first flight. The 38,850 pounds (17.62 t) aircraft is powered by two 6,825 pounds-force (30.36 kN) HTF7000s . The 500th example
568-477: A five-year old aircraft is at 56% of the list price. A new business aircraft typically depreciates by 50% in five years before depreciation flattens between years 10 and 15, and the owner of a 15-to-20 year old aircraft is often the last, matching luxury cars . Business jets have varying value retention, between the leading Embraer Phenom 300 E, sold for $ 9.45 million in 2018 and expected to retain 68% of its value 15 years later for $ 6.46 million in 2033, and
639-654: A flat cabin floor, enlarged windows and swiveling passenger seats. The Ascend is expected to enter into service in 2025. To produce the Excel, Cessna took the X's cabin fuselage (itself inherited from the Citation III ), shortened it by about 2 feet (0.61 m), and mated it with an unswept wing utilising a supercritical airfoil based on the Citation S/II 's wing and the tail from the Citation V. The Excel has
710-401: A more traditional market, where it would chiefly compete with twin- turboprop aircraft. The project was announced at the annual NBAA convention in October, 1994, and the prototype aircraft took off on its first flight on February 29, 1996. Federal Aviation Administration certification was granted in April 1998, by which time Cessna had over 200 orders for the aircraft. Its unit cost in 1999
781-592: A result of these orders NetJets became Cessna 's largest business jet fleet owner. In September 2014, NetJets acquired approval to launch its aircraft charter service in China , having worked with Chinese authorities since 2012 to secure the operating certificate. In 2015, the company's pilots picketed the Wynn resort in Las Vegas where company owner Warren Buffett was hosting some of his wealthiest customers. The event
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#1732794011566852-455: A single pilot and up to three passengers under a sliding canopy, and was first flown on 29 July 1954; 219 were built. The Lockheed JetStar , designed to meet USAF UCX requirements and seating 10 passengers and two crew, first flew on 4 September 1957. In total, 204 aircraft were produced from 1957 to 1978 powered by several different engines; four 3,300 lbf (15 kN) Pratt & Whitney JT12 turbojets, then Garrett TFE731 turbofans for
923-633: A subsidiary, the American Contract Company, which he was president of. EJA initially began operations in 1964 with a fleet of ten Learjet 23 aircraft. The company soon moved to acquire competitors and larger aircraft, including two 707 jets and two 727 jets from Boeing , but these could not be operated without approval from the Civil Aeronautics Board . The Pennsylvania Railroad argued its majority stake in EJA
994-579: A surge in demand for private aviation during the COVID-19 pandemic , NetJets suspended its card program in August 2021. Sales restarted in March 2023. This program features "blackout" days, when service is not available due to expected high demand, such as on holidays or during major sporting events. NetJets is the largest private jet operator in the world. The data below is limited to aircraft registered on
1065-673: A total of 689 examples, it is the first of the Cessna Citation family . The trijet Dassault Falcon 50 made its first flight on 7 November 1976. The 40,000 lb (18 t) MTOW airplane is powered by three 3,700 pounds-force (16 kN) TFE731 engines. With the cross-section of the Falcon 20, it is the basis of the larger Falcon 900 . On 8 November 1978, the prototype Canadair Challenger took off. The 43,000–48,000 lb (20–22 t) MTOW craft, usually powered by two 9,200 pounds-force (41 kN) General Electric CF34s , formed
1136-423: Is a jet aircraft designed for transporting small groups of people, typically business executives and high-ranking associates . Business jets are generally designed for faster air travel and more personal comfort than commercial aircraft , and may be adapted for other roles, such as casualty evacuation or express parcel deliveries , and some are used by public bodies , government officials , VIPs , or even
1207-412: Is an American company that sells fractional ownership shares in private business jets . Founded as Executive Jet Airways in 1964, it was later renamed Executive Jet Aviation . NetJets became the first private business jet charter and aircraft management company in the world. It launched its fractional ownership business in 1986 and became a subsidiary of Berkshire Hathaway in 1998. The company
1278-618: Is an operator. NetJets is also a major operator in the United States offering fractional ownership and charter flights. The 560's ICAO aircraft type designator is C56X. As of September 2021, the Citation Excel had been involved in eleven aviation accidents and incidents including six hull losses , with eleven fatalities stemming from two of the crashes. On 13 August 2014, a Citation 560XLS+ transporting Brazilian presidential candidate Eduardo Campos and his entourage in
1349-620: Is based in Oeiras, Portugal , and serves more than 5,000 airports globally. Also among NetJets subsidiaries is Executive Jet Management (EJM), based in Cincinnati, Ohio, which offers aircraft management and charter services. QS Partners is the whole-aircraft brokerage arm of NetJets, launched in 2016 and officing in Columbus, Ohio; Boulder, Colorado; and London; it also exclusively resells used aircraft from NetJets' fleet. QS Security Services
1420-454: Is charged only when an owner or guest is on board, not for ferry flights . NetJets is the largest fractional aircraft provider. In 2021 its fleet flew 478,444 hours. For companies or individuals that require less than the minimum 50 flight hours and the five-year commitment of fractional ownership, they can buy flight hours in 25-hour increments via the NetJets jet card programs. Due to
1491-654: Is expected to come from North America for 61%, 16% from Europe, 12% from Latin America, 7% from Asia-Pacific and 4% from Middle East and Africa. For the next decade, Aviation Week predicts 8,683 business jets and 2,877 turboprops deliveries, from 792 jets in 2019 to 917 in 2028, and mostly in North America with 5,986 jets and 2,024 turboprops worth $ 126.1 billion. Most value will come from ultra-long-range jets with $ 104.7 billion, followed by super-midsize jets for $ 33.3 billion and large jets for $ 30.6 billion. The fleet
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#17327940115661562-443: Is powered by two 1,600 pounds-force (7.2 kN) Pratt & Whitney Canada PW600s. With its Phenom 300 development, nearly 600 have been built. The first flight of the midsize, fly-by-wire , 7,000 lbf (31 kN) Honeywell HTF7000 -powered Embraer Legacy 500 was on 27 November 2012. It was followed by the shorter Legacy 450 on 28 December 2013. After peaking in 2008, deliveries slowed due to political instability but
1633-538: The Cessna CitationJet was first flown. Powered by two 1,900 pounds-force (8.5 kN) Williams FJ44 engines, the 10,500 lb (4.8 t) light jet used a modified Citation II fuselage with a new wing and tail, and was subsequently developed into the CJ series and M2, ultimately replacing the Citation I, Citation II and Citation V series. The 2,000th CitationJet was delivered in 2017. The first flight of
1704-681: The Learjet 23 . Powered by two 2,850 pounds-force (12.7 kN) General Electric CJ610s , its 12,500 lb (5.7 t) MTOW complies with FAR Part 23 regulations. The first member of the Learjet family, 104 were built between 1962 and 1966. The forward wing-sweep, 20,280 lb (9.20 t) MTOW Hamburger Flugzeugbau HFB 320 Hansa Jet first flew on 21 April 1964, powered by two General Electric CJ610s; 47 were built between 1965 and 1973. The joint Piaggo-Douglas, 18,000 lb (8.2 t) MTOW Piaggio PD.808 first flew on 29 August 1964, powered by two Armstrong Siddeley Vipers ; 24 were built for
1775-463: The cruciform tail and unswept supercritical wing of the Citation V (560), and a slightly shortened Citation X stand-up cabin. The XLS 2004 update had upgraded engines and a glass cockpit and the 2008 XLS+ had upgraded engines and a revised nose. With the success of Cessna's high-end Citation VII , the manufacturer saw a market for an aircraft with the Citation X 's features but aimed at
1846-536: The military . The first small, jet-powered civilian aircraft was the Morane-Saulnier MS.760 Paris , developed privately in the early 1950s from the MS.755 Fleuret two-seat jet trainer . First flown in 1954, the MS.760 Paris differs from subsequent business jets in having only four seats arranged in two rows without a center aisle, similar to a light aircraft , under a large sliding canopy similar to that of
1917-680: The Air Mission Squadron, an air taxi service for the Air Force. The idea was to run a similar service for private companies, with a pool of corporate jets providing transportation instead of each company having to purchase and maintain their own plane. The founding members of the board of directors included US Air Force generals Curtis E. LeMay and Paul Tibbets , Washington lawyer and former military pilot Bruce Sundlun , and entertainers and pilots James Stewart and Arthur Godfrey , with Lassiter serving as president and chairman of
1988-814: The Citation Sovereign and Citation X. The Citation XLS+ features Collins Pro Line 21 Avionics and a four screen LCD EFIS display as opposed to the three tube (CRT) Honeywell display in the XL and the three screen LCD Primus 1000 in the XLS. In 2023, its equipped price was $ 16.11M. At the EBACE industry conference in May 2023, Cessna announced an updated model, the Cessna Citation Ascend , with new avionics, engine improvements, and an upgraded interior featuring
2059-479: The IRS assessments were unlawful. In 2019, a former NetJets pilot filed a lawsuit alleging that in March 2017, the company violated US Civil Right and Ohio anti-discrimination law when she was fired for being too short (5 feet 2 inches (157 cm)) to properly control the rudders of an Embraer Phenom 300. She states that male pilots who were too tall were reassigned to different aircraft, while her employment
2130-623: The Italian Air Force. On 2 October 1966 the first large business jet first flew, the 65,500 lb (29.7 t) MTOW Grumman Gulfstream II , powered by two 11,400 lbf (51 kN) Rolls-Royce Spey turbofans. From 1967 to the late '70s, 258 were built, and it led to the ongoing Gulfstream Aerospace long-range family. The 11,850 lb (5.38 t) MTOW Cessna Citation I first flew on 15 September 1969, powered by two 2,200 pounds-force (9.8 kN) Pratt & Whitney Canada JT15D turbofans. Produced between 1969 and 1985, for
2201-570: The NetJets fleet. On 11 June 2012, NetJets placed the largest aircraft order in private aviation history totaling US$ 17.6B. The company placed a firm order for 30 Bombardier Global 5000/6000 jets, 25 Bombardier Challenger 650 jets, 75 Bombardier Challenger 350s, 25 Cessna Citation Latitudes and 50 Embraer Phenom 300s. As a part of this purchase agreement, it also placed conditional orders for an additional 40 Bombardier Global 5000/6000s, 50 Bombardier Challenger 650, 125 Bombardier Challenger 350s, 125 Cessna Citation Latitudes and 75 Embraer Phenom 300s. As
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2272-665: The UCX requirement, the McDonnell 119 was delayed by the cancellation of the Fairchild J83 engine program, and first flew on 11 February 1959 powered by four Westinghouse J34 turbojets. The 119 was certified for a 45,328 lb (20.6 t) MTOW with four Pratt & Whitney JT12 or General Electric CF700 engines, but no firm orders were received, and only the single prototype was completed. The 25,000 lb (11 t) MTOW British Aerospace 125 first flew on 13 August 1962 as
2343-428: The XLS featured the upgraded PW545B engines with increased performance. It was produced in 330 units. By 2018, ten year old XLS models were trading near $ 4 million. The Citation XLS+ , or simply "Plus" configuration was another upgraded version of the aircraft which began delivery in 2008, with the inclusion of FADEC engine controls, improved PW545C engines, and a completely revised nose design similar to that found on
2414-551: The ability to use relatively short runways, and that lower approach speeds would ease single-pilot operations, particularly by relatively inexperienced owner-pilots. Rolls-Royce plc powers over 3,000 business jets, 42% of the fleet: all the Gulfstreams and Bombardier Globals , the Cessna Citation X and Embraer Legacy 600 , early Hawkers , and many small jets with the Williams-Rolls FJ44 . About 70% of
2485-470: The all-new Learjet 45 was on 7 October 1995. All of the 642 aircraft built since then have been powered by two 3,500 pounds-force (16 kN) TFE731 engines. Powered by two 2,300 pounds-force (10 kN) Williams FJ44s, the 12,500 pounds (5.7 t) Beechcraft Premier I light jet made its first flight on 22 December 1998. Nearly 300 had been made before production stopped in 2013. In the opposite way compared to Bombardier, which developed airliners from
2556-504: The basis of the long range Bombardier Global Express family and of the Bombardier CRJ regional airliners. The 1000th Challenger entered service in 2015. On 30 May 1979 the all-new 22,000 lb (10.0 t) MTOW Cessna Citation III took off for the first time, powered by two 3,650 lbf (16.2 kN) TFE731s. The Mitsubishi MU-300 Diamond made its first flight on 29 August 1978. The 16,100 lb (7.3 t) MTOW jet
2627-611: The board. Shortly after its founding, EJA began receiving regular investments from the Pennsylvania Railroad , which were managed by accountant David Bevan. In June 1965, the railroad purchased a majority of shares in EJA, despite the fact that rail carriers were barred from owning air carriers by the Federal Aviation Act of 1958 . To hide the investments from the PRR board, Bevan made the payments through
2698-456: The company made initial moves to reduce its carbon footprint . The company committed to buying "up to 3 million gallons" (11.4 million litres) of sustainable aviation fuel to be used at two of its bases, San Francisco and Columbus, Ohio. The company is also encouraging its customers to buy carbon offsets for their flights. The company will also buy its own offsets for its administration and training flights. As of November 2020, almost half of
2769-611: The company's fleet was manufactured by Textron, and the rest by Bombardier Inc. and Embraer . After reducing its delivery target for 2021 by more than half, due to decreased demand caused by the COVID-19 pandemic in 2020, the company expected to take delivery of 40 new aircraft in 2021 in anticipation of industry recovery. In February 2021, the company purchased a stake in WasteFuel, a business that will convert landfill waste into sustainable aviation fuel (SAF). NetJets plans to purchase 100 million gallons of SAF from WasteFuel over
2840-699: The de Havilland DH.125, powered by two 3,000 pounds-force (13 kN) Armstrong Siddeley Viper turbojets. Its engines were replaced by Garrett TFE731s, then Pratt & Whitney Canada PW300 turbofans. Almost 1,700 aircraft of all variants, including the Hawker 800 , were produced between 1962 and 2013. The Aero Commander 1121 Jet Commander, which later became the IAI Westwind , first flew on 27 January 1963, powered by two General Electric CJ610 turbojets, then Garrett TFE731s . Production of Jet Commanders and Westwinds from 1965 to 1987 came to 442 aircraft, and it
2911-519: The failure of the program. The recent HondaJet uses wing-mounted engines but mitigates this problem with its unique over-the-wing engine pods. As with jetliners, swept wings are often used to increase cruise speed, but straight wings are also commonplace; notably, Cessna deliberately prioritized docile low-speed handling in choosing straight wings for many models in its popular Citation family, envisioning that owners transitioning from slower piston engined or turboprop aircraft would want to maintain
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2982-481: The first engine supplier with 30% of the $ 24B revenue, in front of the current leader Rolls-Royce at 25%. Honeywell will hold 45% of the $ 16B in avionics revenue ahead of Rockwell Collins with 37% and Garmin . For 2019–2028, Honeywell predicts 7,700 aircraft to be delivered for $ 251 billion. Its breakdown is 62% big (87% in value) – super-midsize to business liner, 10% midsize (7% in value) – light-medium to medium, and 28% small (6% in value). The global demand
3053-784: The fleet was in North America at the end of 2011, the European market is the next largest, with growing activity in the Middle East, Asia, and Central America. On 1 April 2017, there were 22,368 business jets in the worldwide fleet, of which 11.2% were for sale. By October 2018, the entire private jet fleet was dominated by Textron ( Beechcraft , Cessna and Hawker branded aircraft) with 43.9%, then Bombardier with 22.4%, Gulfstream with 13.0%, Dassault with 9.6% and Embraer with 5.8%, mostly in North America (64.6%), followed by Europe (13.0%) South America (12.1%) and Asia-Pacific (5.9%). As on March 31, 2019, there are 22,125 business jets in
3124-567: The industry hopes to revive demand by introducing more attractive and competitive new models, four in 2018: In October 2018, consultant Jetcraft expected 20 variants or new designs to enter service before 2023 (seven large, seven midsize and six small): in 2019 the Global 5500/6500 , Gulfstream G600 , Citation XLS ++ and a CitationJet CJ4+ /, while the Embraer Praetor 500/600 to be introduced in 2019 were predicted for 2021/2022; in 2020
3195-545: The large investment necessary to develop prototypes. Both Lockheed Corporation and McDonnell Aircraft began the development of UCX aircraft, while North American Aviation pursued the UTX requirement. The Morane-Saulnier MS.760 Paris had a gross weight of 7,650 lb (3.47 t), initially powered by two Turboméca Marboré turbojets of 880 lbf (3.9 kN) thrust, although most aircraft were later upgraded to 1,058 lbf (4.71 kN) units. The aircraft seated
3266-443: The lead up to elections in October crashed in the city of Santos, São Paulo , killing all 7 on board. This was the first fatal crash of a Citation Excel since entering service in 1996. Data from Cessna Citation XLS+ web site General characteristics Performance Related development Aircraft of comparable role, configuration, and era Business jet A business jet , private jet , or bizjet
3337-630: The next 10 years as part of the deal. In March 2021, NetJets announced that it had ordered 20 Aerion AS2s supersonic business jets. The memorandum of understanding between NetJets and Aerion called for the two companies to operate a larger "Aerion Connect" network. Aerion abruptly announced its closure on 21 May 2021, due to the inability to raise the needed capital to continue. The company announced in March 2022, that it would partner with Lilium GmbH to establish an eVTOL network in Florida . NetJets will buy 150 Lilium Jets and operate them under
3408-519: The office with armed guards of his own shortly after, but they were stopped by Sundlun's guards. Lassiter was later sued for his role in diverting $ 21 million of PRR money into EJA, much of which had gone to his personal expenses. Sundlun, Robert L. Scott Jr. and Joseph S. Sinclair bought out the Penn Central interest in EJA in 1972 and stabilized the company's finances. Paul Tibbets became president in 1976. In 1984, Executive Jet Aviation
3479-483: The operating economy of fewer engines and the ability to safely continue flight after an engine failure. Exceptions include the early Lockheed Jetstar with four engines; the Dassault Falcon 50 and derivatives with three; and the Cirrus Vision SF50 with one, a configuration also used in several similar very light jet design concepts. Most business jets use podded engines mounted on the rear fuselage with
3550-422: The optics of opulence and the environmental issues of private jet transport, but NetJets President of Sales, Marketing and Service, Patrick Gallagher noted in May 2020, that the health risks associated with flying on commercial airlines during the pandemic had trumped those concerns. The company introduced regular employee COVID-19 testing to try to contain the risks of an outbreak on its aircraft. In October 2020,
3621-471: The owner's aircraft is unavailable for some reason, another aircraft of the same type, or a larger aircraft, will be provided. Fractional owners pay monthly maintenance fees for a minimum of 50 annual flight hours and a five-year commitment, as well as operating fees by the hour for use of aircraft. Alternatively, customers may buy flight hours in 25-hour increments by way of jet card programs. Fractional owners also pay an occupied hourly operating fee, but it
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#17327940115663692-451: The roomiest cabin in its class of light corporate jets and can seat up to 10 passengers (in high-density configuration; typically the number is six to eight in a corporate configuration), while being flown by a crew of two. To power the aircraft, Cessna chose the Pratt & Whitney Canada PW500 turbofan . The original version had two cockpit configurations involving where the landing gear
3763-448: The search for a buyer continued. Penn Central and EJA were ultimately fined $ 70,000 by the CAB in 1969. In 1970, the trustee for Penn Central's EJA shares voted to oust Lassiter and replace him with Bruce Sundlun . On July 1, the day before he was voted in as president, Sundlun led a midnight raid on EJA's corporate offices with the assistance of Pinkertons . Lassiter attempted to retake
3834-485: The trailing $ 24.5 million Gulfstream G280 , predicted to retain 42% of its value for $ 10.25 million. In October 2017 Jetcraft forecast 8,349 unit deliveries in the next decade for $ 252 billion, a 30.2 $ M average. Cessna should lead the numbers with 27.3% of the deliveries ahead of Bombardier with 20.9%, while Gulfstream would almost lead the revenue market share with 27.8% trailing Bombardier with 29.2%. For 2016–2025, Jetcraft forecast Pratt & Whitney Canada should be
3905-497: The wing in a configuration unique amongst business jets. As of March 2020, 150 had been delivered. It was followed by the 8,645 pounds (3.921 t) MTOW Cessna Citation Mustang on 23 April 2005, powered by two 1,460 pounds-force (6.5 kN) Pratt & Whitney Canada PW600s and with more than 450 produced. Then the Embraer Phenom 100 made its maiden flight on 26 July 2007. The 10,500 pounds (4.75 t) MTOW airplane
3976-1010: The worldwide fleet and top 20 country markets account for 89% of this total fleet. In 2015 the total airplane billing amounted to US$ 21.9 billion, and 718 business jets were delivered to customers across the globe: 199 (27.7%) by Bombardier Aerospace , 166 (23.1%) by Textron Aviation , 154 (21.4%) by Gulfstream Aerospace , 120 (16.7%) by Embraer and 55 (7.7%) by Dassault Aviation . In 2017, 676 business jets were shipped, led by Gulfstream with $ 6.56 billion for 120 aircraft, Bombardier with $ 5.2 billion for 140, Textron with $ 2.87 billion (including propeller aircraft and 180 jets), Dassault with $ 2.42 billion for 49 and Embraer with $ 1.35 billion for 109. In 2022, 712 business jets were shipped, led by Gulfstream with $ 6.60 billion for 120 aircraft, Bombardier with $ 6,04 billion for 123, Textron Aviation with $ 3,62 billion, Dassault Aviation with $ 1,76 billion for 32, Embraer with $ 1,36 for 102 and Pilatus with $ 900 million for 123 aircraft. The residual value level for
4047-591: Was US$ 8.7M. By the time the 100th Excel was delivered in August 2000, an aircraft was coming off the Wichita production line every three days. A total of 308 were built before production switched to the Citation XLS. The Citation XLS was the first "makeover" that the Excel received, with deliveries beginning in 2004. Besides a glass cockpit based on the Honeywell Primus 1000 EFIS avionics suite,
4118-428: Was accelerated by an August 1956 United States Air Force (USAF) letter of the requirement for two " off-the-shelf " aircraft, the larger UCX (cargo) and smaller UTX (trainer). These requirements differed from standard USAF procurement contracts in that no formal competitions would occur, and manufacturers were expected to develop the aircraft without government funds; despite this, a substantial USAF purchase would offset
4189-498: Was delivered in 2015. The first very light jet, the 5,950 pounds (2.70 t) MTOW Eclipse 500 , took off for the first time on 26 August 2002, powered by two 900 pounds-force (4.0 kN) Pratt & Whitney Canada PW600s . Between then and the end of production in 2008, 260 were produced. Another new small jet, the 10,701 pounds (4.854 t) Honda HA-420 HondaJet , first flew on 3 December 2003 powered by two 2,050 pounds-force (9.1 kN) GE Honda HF120 engines mounted above
4260-523: Was developed as the IAI Astra , later rebranded as the Gulfstream G100 . The 29,000 lb (13 t) MTOW Dassault Falcon 20 first flew on 4 May 1963, powered by two General Electric CF700s , then Garrett ATF3 turbofans and Garrett TFE731s. In total, 508 were built from 1963 to 1988, and it is the basis of the Dassault Falcon family. The first light jet first flew on 7 October 1963 -
4331-414: Was founded in 1964 and originally known as Executive Jet Airways . The name was later changed to Executive Jet Aviation (EJA), and again in 2002 to NetJets, after Berkshire Hathaway purchased it in 1998. NetJets was the first private business jet charter and aircraft management company in the world. The idea came from retired Air Force Brigadier General Olbert F. "Dick" Lassiter, who had experience running
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#17327940115664402-543: Was launched by NetJets in October 2019 with "tiered security packages" based on passenger needs and threat level at destination. Initially only available at Paris Le Bourget and in Mexico, future plans include worldwide coverage by 2023. NetJets sells fractions of specific aircraft, chosen from several available types at the time of purchase. Owners then have guaranteed access (50–400 hours annually, depending on share size) to that aircraft with as little as four hours' notice. If
4473-565: Was legal as it consisted of non-voting stock, and anticipating approval from the CAB, EJA licensed its larger jets to foreign airlines. When the CAB instead ruled against EJA, the company now found itself deeply unprofitable, and the Pennsylvania Railroad attempted to sell off its stake. However, potential buyers lost interest after corporate spies for Pan Am acquired and leaked information on EJA's illegal interests. The Pennsylvania Railroad merged into Penn Central in 1968, and
4544-435: Was officially announced becoming the first fractional aircraft ownership format in history. Around the same time, painted on every NetJets US aircraft is a registration ending with QS, symbolizing the concept of selling quarter shares of an aircraft—a feature that is still representative of the NetJets brand today. In 1998, Berkshire Hathaway acquired EJA and NetJets Inc from Richard Santulli for US$ 725 million, half of which
4615-563: Was on the panel. With the gear on the left hand side, the MFD was moved to the right slightly and both radios were moved to the right of the MFD next to each other. With the gear handle on the right side, the MFD remained centered with the radios on either side. The Excel uses Honeywell avionics and an optional Auxiliary power unit also powered by Honeywell. The aircraft is operated by private individuals, companies, fractionals, charter operators and aircraft management companies. The Swiss Air Force
4686-763: Was paid in stock. NetJets soon expanded to Europe and then Russia, and by 2006, it was the largest operator of business jets in Europe. The company operated a fleet of nine Boeing 737-700 Boeing Business Jets in the mid-2000s, since then sold off. In early August 2009, Santulli resigned as CEO and was replaced by David Sokol . Shortly afterward, NetJets moved its corporate headquarters from New Jersey back to its original home in Columbus, Ohio . In 2010, NetJets acquired Marquis Jet from founders Jesse Itzler and Kenny Dichter . The prepaid Marquis Jet card allowed customers to purchase 25 hours of guaranteed flight time on
4757-416: Was powered by two 2,900 lbf (13 kN) JT15D . The design was later sold and was renamed Beechjet 400 then Hawker 400 , with a total of 950 produced of all variants. The 1980s only saw the introduction of derivatives and no major new designs. Also there was an advent of fractional ownership in the late 1980s for business jets. For much of the 1980s, sales of new aircraft slumped. On 29 April 1991,
4828-530: Was predicted to grow from 31,300 aircraft to nearly 35,600 with Textron leading the market with 25% of deliveries worth $ 32.1 billion. For the decade starting in 2018, 22,190 engine deliveries were forecast (including several turboprop engine models), led by the Honeywell HTF7000 , Williams FJ44 and Pratt & Whitney Canada PW300 . The average utilization was forecast to be 365 flight hours per aircraft per year. NetJets NetJets Inc.
4899-411: Was purchased by mathematician and former Goldman Sachs executive Richard Santulli who owned a business that leased helicopters to service providers of offshore oil operations. When Santulli became chairman and CEO of the corporation, he closely examined 22 years of pilot logbooks, and began to envision a new economic model where several individuals could own one aircraft. In 1987, the NetJets program
4970-501: Was symbolic of deteriorating labor relations within the company at this time. The Internal Revenue Service (IRS) had sought back taxes and penalties of $ 643 million from NetJets for periods beginning in 2003, including on its maintenance and service fees. NetJets filed a lawsuit challenging the IRS assessments. In January 2015, the United States District Court issued a decision in NetJets' favor, holding that
5041-399: Was terminated without the opportunity to fly a different plane. An Ohio federal judge ruled in favor of NetJets in 2022, citing the plaintiff's failure to prove sex discrimination. In the spring of 2020, the company saw a boom in demand, as wealthy individuals sought to avoid the risks of airline flying during the COVID-19 pandemic . Previously, many potential customers had concerns about
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