Aircraft Overviews

Product Overview

The Cessna Citation Latitude is a low-wing aircraft with retractable tricycle landing gear and a cruciform tail. The turbofan engines are pylon-mounted on the rear fuselage and fuel stored in the wings offers generous range for missions. The spacious interior offers a flat floor and circular cabin with space for baggage provided with the integrated steps in the tail cone with additional storage space available in the cabin.

As of June 2022, 14% of the Citation Latitude aircraft were purchased pre-owned by their current owners, the other 86% new. 1.6% are for sale with the majority of those (60%) under an exclusive broker agreement. When for sale the average time on the market is 82 days.

Brief History

The Cessna Citation Latitude (Model 680A) was first announced at the 2011 NBAA convention. The prototype first flew on February 18, 2014 and FAA certification came on June 5, 2015. First deliveries began in August 2015. NetJets purchased a large fractional fleet of 162 Latitude business jets as of June 2022.

Worldwide Appeal

There have been 309 Citation Latitude business jets built and all are in operation today. More than half of those (141) are wholly owned with 6 in shared and 162 in fractional ownership. 3.2% are currently leased. North America has the largest percentage of wholly owned Citation Latitude aircraft (79%), followed by Europe (13%). NetJets owns the largest fleet of Citation Latitude aircraft with 138.

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Product Overview

The Challenger 850 is derived from the Bombardier CRJ-200 commercial airliner. The Challenger 850 has transcontinental range and a high-speed cruise. With the option of auxiliary fuel tanks, the Challenger 850 can have an increased range capacity.

As of July 2022, 77% of the Challenger 850 aircraft were purchased pre-owned, the other 23% new. 9.6% are for sale with the majority of those (86%) under an exclusive broker agreement. When for sale the average time on the market is 252 days.

Brief History

The Challenger 850, formerly the Challenger SE and then the Challenger 800, was first manufactured in 1996 as the Challenger SE (Special Edition) and rebranded in 2006 as the Challenger 850. Production of the Challenger 850 ended in 2017. A total of 74 Challenger SE/800/850 aircraft were produced with one since retired.

Worldwide Appeal

There are 73 Challenger 850 aircraft in operation today. The majority of those (72) are wholly owned with one in shared ownership. 13.7% are currently leased. Europe has the largest percentage of wholly owned Challenger 850 aircraft (41%), followed by North America (31%) and Asia (25%).

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Product Overview

The Falcon 8X has extra range—due to an additional center-fuselage fuel tank and a lighter, redesigned wing compared to the Falcon 7X. The reworked wing also keeps the 8X competitive on short runways; it needs 5,880 feet to take off fully loaded but can stop in 2,245 feet.

The Pratt & Whitney Canada PW307D engines have been optimized offering an increase in thrust with lower emissions. The 8X has a cabin altitude of just 3,900 feet at a cruising altitude of 41,000 feet. The 8X has a service ceiling of 51,000 feet

As of June 2022, 12% of the Falcon 8X aircraft were purchased pre-owned by their current owners, the other 88% new, and there are no Falcon 8X for sale on the pre-owned market.

Brief History

Unveiled in May 2014, the latest addition to the growing Falcon business jet family entered into service in October 2016 after receiving both EASA and FAA certifications in June 2016.

Worldwide Appeal

There are currently 81 Falcon 8X aircraft in operation today. All of those (81) are wholly owned. 3.7% are currently leased. Europe has the largest percentage of wholly owned Falcon 8X aircraft (59%), followed by North America (16%) and Asia (13%).

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Product Overview

The Bombardier Learjet 75 is the newest derivative of the popular Learjet 45XR. Compared to the Learjet 45XR, the Learjet 75 has improved avionics, redesigned winglets yielding better fuel efficiency, and upgraded engines.

As of May 2022, 32% of Learjet 75 aircraft were purchased pre-owned by their current owners, the other 68% new. 1.5% are for sale with half of those (50%) under an exclusive broker agreement. When for sale the average time on the market is 98 days.

Brief History

Bombardier received FAA certification for the Learjet 75 on November 14, 2013 and it entered service shortly thereafter. The aircraft received the European Aviation Safety Agency (EASA) certification in September 2014 and the 100^th Learjet 75 was delivered in June 2017. A total of 137 Learjet 75 aircraft have been built with 135 in operation.

The new Learjet 75 Liberty model, a lower-cost version, is now in production with the first delivery in October 2020. The Liberty lower cost is achieved by replacing 2 seats in the forward cabin with two-fold down ottomans and fold-out tables, creating an “executive suite” and an aft 4-place club.

Worldwide Appeal

There are 137 Learjet 75 in operation today. The majority of those (125) are wholly owned, with 1 in shared and 9 in fractional ownership. 8.1% are currently leased. North America has the largest percentage of wholly owned Learjet 75 aircraft (83%), followed by Europe (10%) and South America (6%).

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Product Overview

The Legacy 650 is in the family of Embraer business jets that were based on the regional commercial airliner passenger jet ERJ-145. The Legacy 650 is a derivative of the Legacy 600 model but offers a longer range and a lower alley with increased headroom. An enhanced version, the Legacy 650E, was announced at the 2016 NBAA.

As of February 2022, 55% of all Legacy 650 aircraft were purchased pre-owned by their current owners, the other 45% new. 3.2% are for sale with all of those (100%) under an exclusive broker agreement. When for sale the average time on the market is 69 days.

Brief History

The Embraer Legacy 650, a longer-range version of the Legacy 600, was announced at the 2009 NBAA annual event and was certified by the FAA in February 2011. Production of the Legacy 650 ended in 2017 with a total of 97 aircraft produced. One is retired and one is with the manufacturer.

Worldwide Appeal

There are 95 Legacy 650 aircraft in operation today, all of which are wholly owned. 6.3% are currently leased. Asia has the largest percentage of wholly owned Legacy 650 aircraft (38%), followed by Europe (34%) and South America (15%).

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Product Overview

The Learjet 60 was replacement for the mid-size Learjet 55C and was a mid-size cabin, medium range business jet. Thrust reversers and single point refueling are standard equipment, and the aircraft features a full galley together with an aft toilet. It also benefits from numerous aerodynamic refinements to its wing and fuselage, as well as larger aft stabilization delta fins.

As of February 2022, 93% of all Learjet 60 aircraft were purchased pre-owned by their current owners, the other 7% new. 5.7% are for sale with the majority of those (62.5%) under an exclusive broker agreement. When for sale the average time on the market is 96 days.

Brief History

The Learjet 60 was announced in October 1990, just a few months after Bombardier acquired Learjet. The first Learjet 60 flight was in 1991 and deliveries began in 1993. Production of the Learjet 60 ended in 2007 with a total of 316 aircraft produced. 36 have since been retired. The Learjet 60XR was launched as the new variant in 2005 and ended production in 2013.

Worldwide Appeal

There are 280 Learjet 60 aircraft in operation today. The majority of those (273) are wholly owned with 7 in shared ownership. 3.9% are currently leased. North America has the largest percentage of wholly owned Learjet 60 aircraft (75%), followed by South America (10%) and Europe (6%).

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Product Overview

The Gulfstream G650 has the distinction of being the fastest and among the longest range business jets ever built. The fuselage cross section is a unique oval shape with 8 large (28 inch) cabin windows on each side and the wing uses greater sweep (36 degrees) than previous Gulfstream models with no leading-edge high-lift devices. Aircraft controls are completely fly-by-wire.

As of February 2022, 33% of all Gulfstream G650 aircraft were purchased pre-owned by their current owners, the other 67% new. 2.5% are for sale with all of those (100%) under an exclusive broker agreement. When for sale the average time on the market is 72 days.

Brief History

The Gulfstream G650 began production in 2012 and is still being produced presently. It had its first flight in November 2009 and received FAA certification in September 2012. A total of 190 Gulfstream G650 aircraft have been produced.

Worldwide Appeal

There are 161 Gulfstream G650 aircraft in operation today. The majority of those (156) are  wholly owned with 3 in shared ownership and 2 in fractional ownership. 10.6% are currently leased. North America has the largest percentage of wholly owned Gulfstream G650 aircraft (47%), followed by Europe (25%) and Asia (24%)

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Product Overview

The Legacy 500 is a mid-size business jet that was the culmination of a six-year development program for the fly-by-wire model. It features a flat floor and stand-up cabin which was a first for this class of aircraft. At the October 2018 NBAA convention Embraer introduced the Praetor 600 model as an upgraded variant of the Legacy 500.

As of November 2021, 35% of all Legacy 500 aircraft were purchased pre-owned by their current owners, the other 65% new. 3.6% are for sale with less than half of those (33%) under an exclusive broker agreement. When for sale the average time on the market is 29 days.

Brief History

The Embraer Legacy 500 had its first flight on November 27, 2012 and was certified in Brazil on August 12, 2014 followed by EASA and FAA approval at the end of September. An assembly line for the Legacy 500 was opened in Melbourne, Florida in June 2016 and production ended in 2020.

Worldwide Appeal

There are 84 Legacy 500 aircraft in operation today. The majority of those (82) are wholly owned with 2 in shared ownership. No Legacy 500 jets are being leased. North America has the largest percentage of wholly owned Legacy 500 (63%) followed by Europe (21%) and South America (10%).

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Product Overview

The Citation Excel is a growth/derivative variant of the Citation V Ultra with a shortened Citation X stand-up fuselage and a lengthened Citation V wing. The Excels upgraded engines make it faster than the V Ultra and give it a higher MGTOW and a longer range. The Cessna Citation Excel (Model 560XL) was the original version in the all new Excel series of aircraft and was designed to compete in the more traditional twin-turboprop market.

As of November 2021, 96% of all Citation Excel aircraft were purchased pre-owned by their current owners, the other 4% new. 5.6% are for sale with more than half of those (55%) under an exclusive broker agreement. When for sale the average time on the market is 144 days. 

Brief History

After being announced in October 1994 at NBAA-BACE, the first flight of a prototype Citation Excel came on February 29, 1996. The series received FAA Certification in 1998 and ended production in 2004 when it was replaced with the Citation XLS. A total of 371 Citation Excel aircraft have been produced with 356 in operation and 15 retired.

Worldwide Appeal

There are 356 Citation Excel aircraft in operation today. The majority of those (337) are wholly owned with one in fractional ownership and 18 in shared ownership. 11% are currently leased. North America has the largest percentage of wholly owned Citation Excel aircraft (83%), followed by South America (7%) and Europe at (5%).

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