Aircraft Overviews

Product Overview

The Challenger 601-3R is a twin turbofan large-cabin wide-body business jet. The cabin is uncharacteristically large with a quiet interior for passenger comfort, and offers a surprisingly high performance considering its size and weight. It is similar to its predecessor, the Challenger 601-3A model, but has upgraded engines, a fuselage tailcone fuel tank, and 2,000 lb. gross weight increase.

As of June 2017, 91% of the Challenger 601-3R were purchased pre-owned by their current owners, the other 9% new. 12.1% are for sale with the majority of those (86%) under an exclusive broker agreement. When for sale, the average time on the market is 314 days.

Brief History

The Challenger 601 series is an improvement over the Challenger 600 aircraft and consists of 3 versions – 1A, 3A and 3R. The Challenger 601-3R, which uses the -3A1 General Electric CF34 engine, replaced the Challenger 601-3A in 1993 as the most recent variation in the 601 series. A total of 60 Challenger 601-3R aircraft have been manufactured with 58 in operation today.

Worldwide Appeal

There are 58 Challenger 601-3R aircraft in operation today. Most of these are wholly owned (56) with 2 in shared ownership. 3.4% of the 58 are currently leased. North America has the largest percentage of Challenger 601-3R aircraft (84%), followed by Asia (5%) and Africa (5%).

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Product Overview

The Phenom 100 is a very light twin-engine jet that is produced by Embraer. It was developed from scratch as Embraer’s first Light jet. Embraer’s larger aircraft models have automated and simplified systems, rugged construction, and the ability to fix failures quickly when they do occur. These features are designed into the Phenom as well. The Phenom 100 is approved for single pilot flight.

As of April 2017, 44% of Phenom 100 aircraft in operation were purchased pre-owned by their current owners, the other 56% new. 12.1% are for sale with the majority of those (78%) under an exclusive broker agreement. When for sale, the average time on the market is 229 days.

Brief History

In 2005 Embraer announced that it would begin development of Light Jets and at the NBAA annual convention in November 2005 Embraer announced that the light jet would be called the Phenom 100. The Phenom 100 first flew on July 26, 2007. It was awarded a type certificate from Brazil’s National Civil Aviation Authority on December 9, 2008 and the first aircraft was delivered days later on December 24, 2008. A total of 355 Phenom 100 aircraft have been manufactured with 338 in operation today.

Worldwide Appeal

There are 338 Phenom 100 aircraft in operation today. Most of these are wholly owned (316) with 7 in shared and 15 in fractional ownership. 6.5% of the 316 are currently leased. North America has the largest percentage of Phenom 100 aircraft (54%), followed by South America (29%) and Europe (12%).

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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 (only Falcon 900 is wider; by 1 inch). 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 April 2017, 100% of the Challenger 600 aircraft were purchased pre-owned by their current owners. Currently, 24.6% are for sale with a fraction of those (25%) under an exclusive broker agreement. When for sale, the average time on the market is 679 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. A total of 85 Challenger 600 aircraft have been manufactured with 65 in operation today.

Worldwide Appeal

There are 65 Challenger 600 aircraft in operation today. 64 of these are wholly owned with 1 in shared ownership. 1 of the 65 is currently leased. North America has the largest percentage of Challenger 600 aircraft (75%), followed by Asia (14%).

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Product Overview

The Legacy 650 is an upgraded Legacy 600, which was initially based on the platform of regional commercial airliner passenger jet ERJ-145. Embraer improved upon the Legacy 600 by adding extra power and range, and enhanced avionics. An enhanced version of the Legacy 650 (Legacy 650E) was announced at the 2016 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) and is scheduled for introduction in 2017. It will include a synthetic vision system, auto throttle, and a restyled three-zone interior.

As of February 2017, 16% of the Legacy 650 aircraft were purchased pre-owned by their current owners, the other 84% new. Currently, 16.1% are for sale with the majority of those (67%) under an exclusive broker agreement. When for sale, the average time on the market is 294 days.

Brief History

Announced at NBAA-BACE in 2009 and certified in 2011, the Legacy 650 is a longer-range version of the Legacy 600. A total of 96 Legacy 650 aircraft have been manufactured with 93 in operation and three with the manufacturer.

Worldwide Appeal

There are 93 Legacy 650 aircraft in operation today. All of these are wholly owned with 0 in shared or fractional ownership. 3 of the 93 are currently leased. Asia has the largest percentage of Legacy 650 aircraft (46%), followed by Europe (29%) and North America (13%).

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Product Overview

The Challenger 850 is derived from the Bombardier CRJ200 commercial airliner. It can accommodate up to 50 standard class seats as a corporate shuttle, but is often configured to accommodate 14-16 passengers with an executive configuration.

As of February 2017, 43% of the Challenger 850 aircraft were purchased pre-owned by their current owners, the other 57% new. Currently, 8.7% are for sale with the majority of those (67%) under an exclusive broker agreement. When for sale, the average time on the market is 744 days.

Brief History

The Challenger 850 was first manufactured in 1996 as the Challenger SE (Special Edition) and rebranded in 2006 as the Challenger 850. Production ended in 2012 following completion of 71 deliveries.

Worldwide Appeal

There are 69 Challenger 850 aircraft in operation today. All of these are wholly owned with none in shared or fractional ownership. 11.9% of the Challenger 850 aircraft are currently leased. Europe and Asia have the largest percentage (39% each), followed by North America (19%).

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Product Overview

The Gulfstream G450 is a direct descendent of the Gulfstream G400/GIV-SP series. It comes with upgraded engines (Rolls-Royce Tay 611-8C) with FADEC, and redesigned thrust reverser, nacelle and pylon that, coupled with aerodynamic improvements, increase range and payload.

As of November 2016, 33% of the Gulfstream G450 aircraft were purchased pre-owned by their current owners, the other 67% new. Currently 8.5% are for sale with the majority of those (76%) under an exclusive broker agreement. When for sale, the average time on the market is 244 days.

Brief History

Flight-testing of the Gulfstream G450 started in April 2003 and FAA certification was completed in August 2004. A total of 342 Gulfstream G450 aircraft have been manufactured, all are still in operation today. Production of the G450 will end in early 2018 as Gulfstream transitions production to its new G500.

Worldwide Appeal

There are 342 Gulfstream G450 aircraft in operation today. Most of these are wholly owned (321) with 5 in shared and 16 in fractional ownership. 15% of the 342 are currently leased. North America has the largest percentage of G450 aircraft (58%), followed by Asia (29%) and Europe (9%).

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Product Overview

The Hawker 850XP is identical to the Hawker 800XP except it has upgraded avionics, a redesigned cabin interior (within the same 551 cubic foot space), and includes winglets that have increased its range by 140 nautical miles with four passengers and available fuel. The balance field length is shorter at 5,640 feet and the long range cruise speed has increased to 402 kts from 389 kts over the Hawker 800XP.

As of December 2016, 67% of the Hawker 850XP aircraft were purchased pre-owned by their current owners, the other 33% new. Currently, 8.1% are for sale with a portion of those (50%) under an exclusive broker agreement. When for sale, the average number of days on the market is 450 days.

Brief History

Certified in 2006, the Hawker 850XP is the third member of the 800 series. A total of 100 Hawker 850XP aircraft have been manufactured with all but one in operation.

Worldwide Appeal

There are 99 Hawker 850XP aircraft in operation today.  Most of these are wholly owned (97) with 2 shared. 17% of the 99 are currently leased. North America has the largest percentage of Hawker 850XP aircraft (63%), followed by Asia (17%) and Europe (11%).

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Product Overview

The GV was the first ultra-long-range business jet produced by Gulfstream. Most notable about the GV is its 6,500 nm range made possible in part by the new BMW Rolls-Royce BR710A1-10 engines, which offer increased thrust. The GV is capable of non-stop flight from New York to Tokyo.

As of October 2016, 74% of the Gulfstream GV aircraft were purchased pre-owned by their current owners, the other 26% new. Currently, 4.2% are for sale with all of those (100%) under an exclusive broker agreement. When for sale, the average number of days on the market is 197.

Brief History

The Gulfstream GV began production in 1996 and ceased production in 2002. A total of 193 Gulfstream GV aircraft have been produced with all but two currently in operation.

Worldwide Appeal

There are 191 Gulfstream GV aircraft in operation today. Most of these are owned outright (180) with 12% currently leased. North America has the largest percentage of GV aircraft (82%), followed by Asia (10%).

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Product Overview

The Falcon 900 was designed as a bigger, faster, longer, range version of the 50 model. It is 5.5 feet longer with a taller tail and longer wing and holds 544 additional gallons of fuel allowing it to go 700 nautical miles further.

In 1991 the standard production model transitioned from the 900 to the 900B which included more powerful engines for increased range, Category II visibility approach clearance, and the ability to operate on unprepared air strips that its predecessor could not. Earlier production 900s can be retrofitted to 900B standard.

As of October 2016, 94% of the Falcon 900/900B aircraft were purchased pre-owned by their current owners, the other 6% new. 10% are currently for sale with the majority of those (61%) under an exclusive broker agreement. When for sale, the average number of days on the market is 483.

Brief History

The Falcon 900 began production in 1987 and ceased production in 1999. A total of 177 Falcon 900 aircraft have been manufactured with all but one in operation.

Worldwide Appeal

There are currently 176 Falcon 900/900B aircraft in operation today. Most of these are owned outright (168) with 8% currently leased. North America has the largest percentage of Falcon 900/900B aircraft (69%), followed by Europe (17%).

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