The Private Jet Boom : The Slew of New Flashy Air Birds
October 12, 2008
Once upon a time, there was a commercial airline industry, busy catering to everyone who wanted to fly. Now there is something called as a private jet. Just as you would cook at home and eat if you did not like the idea of going to a hotel, you can now fly your own plane, if you did not want the normal way of flying planes, that is, commercially.
Eclipse Aviation located at Albuquerque, New Mexico, has recently won a certification from the U.S Federal Aviation Administration of its brand new minijet. The Eclipse 500 is only the beginning in the spurt of mini jet sales that seems to have grappled the ultra rich niche market in the U.S.
The Eclipse 500 priced at 1.5 Million Dollars can seat about 6 people and flies really high at about 40000 and also flies very fast at about 425 mph. It has the ability of landing and taking off from any landing pad which can be as small as a length of about 2245 feet.
In yet another development, Private Jet King, Cessna of Wichita, Kansas, is about to certifying its own mini jet The Mustang. A little more on the luxurious side and also larger than the Eclipse, it can seat about 6 people and will cost about 2.5 million USD.
We haven’t even started talking about the Denver Based Adam Aircraft’s Adam 700 which would be sold for a little over 2 million dollars. Also, the Brazilian made Phenom 100, which would sell at $2.9 million or the uber exquisite Honda’s mini jet.
The plethora of new products on display is only an indication of the boom in the industry. Though it has been a dirty industry, due to lack of an effort on the part of the buyer to shop around for prices afraid that it might be something of an integrity issue, it has led to premium pricing by almost all players, and it has been a steady climb, owing to the ever increasing number of deep pockets.
The slew of new models introduced by so many manufacturers is only testimony to the fact that the big boys still favor pretty little birds they can so cozily fly in. There has been an increase of sales in private luxury jets by almost 35% and the trend is also catching up in Europe and other parts of the world.
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