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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Jetcraft Commercial, the commercial aircraft division of Jetcraft, has been retained to exclusively market the sub-lease of 11 Dash 8-400 NextGen aircraft from airBaltic.

Following the Latvian airline’s decision to focus its fleet solely on the Airbus A220, Jetcraft Commercial will offer an immediate sub-lease of 11 out of a total 12 aircraft listed.

Raphael Haddad, President, Jetcraft Commercial, says: “We are proud to support airBaltic in its decision on the future of its fleet, and look forward to securing placement for these aircraft in the commercial leasing market.

“With expertise in facilitating complex transactions across multiple parties and regions,  Jetcraft Commercial is well-placed to support the commercial airline community, including structuring aircraft financing and leases. Our global, dynamic team is well-resourced and ready to execute this, our largest single-mandate to date.”

Jetcraft Commercial launched in 2015, capitalizing on Jetcraft’s exi...

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This month we are releasing our 5-Year Pre-Owned Business Aviation Market Forecast. With the impact of Covid-19 touching many lives and industries, including our own, forecasting the future has certainly been more challenging against this backdrop. However, it doesn’t mean we shouldn’t attempt to do so.

This year, we are focusing our predictions solely on the pre-owned market, an area often excluded from other industry outlooks and which is a particular strength of ours. Moreover, for the first time, our forecast is enriched by the introduction of trends from our own past transactional data and customer insights.

In our previous forecasts, we did predict a downturn. Although it has taken place sooner than we thought, we were prepared and, as a result, are in a stronger position than 2008, the last big downturn for our industry.

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