The Gulfstream G650ER, which retails for $70.15 million fully outfitted, can travel 7,500 nautical miles/13,890 kilometers at Mach 0.85. When flying even faster at Mach 0.90, it can carry eight passengers 6,400 nm/11,853 km. Hodge adds that it is important to know the general travel mission when determining the size of the plane. If certain airports are used, a broker can help buyers understand if a plane can regularly take off and land there with a full payload. Gulfstream
Ms. Broder frequently books private jets for clients and gets a weekly list from several private jet companies of empty leg availability for the coming week (other agents specializing in private jet travel also get similar lists). Recent flights included an $8,500 trip from Naples to Cleveland on a Beechjet 400A, a plane that seats seven people, and a $6,500 trip from Scottsdale, Ariz., to Colorado Springs on a Learjet 45XR, accommodating eight fliers.
In October 2017 Jetcraft forecasts 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 forecasted Pratt & Whitney Canada should be 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 avionics $16B revenue ahead of Rockwell Collins with 37% and Garmin.
A single-entity charter is one in which an individual or company charters a plane and bears the entire cost of the flight, so that the passengers do not pay their own airfare. There is no minimum passenger requirement, since the cost is per flight, not per person. Single-entity charters are typically used for business purposes -- for example, travel to meetings and conferences, incentive travel or VIP leisure travel.
Though the early Lockheed Jetstar had four, most production business jets have two jet engines, mostly rear-mounted podded engine. If mounted below their low wing, it wouldn't allow sufficient engine clearance without a too long landing gear. The HondaJet is the exception with its over the wing engine pods. Dassault Falcon still builds three-engine models derived from the Falcon 50, and the very light jet market has seen several single-engine design concepts and the introduction of the Cirrus Vision SF50 in 2016.