Hold it! If you are about to looking at new private jets with the intention to buy, it may be worth waiting for one of the newest models coming on to the market in 2014 and 2015.
Despite a tough market, aircraft manufacturers have invested in new private jets and have upgraded existing ones to give prospective buyers plenty of options. Corporate Jet Investor has rounded-up of list of new private jets coming in the next year or two that we think are well worth waiting for.
Aircraft type: Turboprops
A turboprop aircraft is powered by a turbine engine which drives a propeller. Although turboprops are different to private jets, they still form an integral part of business aviation.
The pitch: A souped-up entry-level King Air 90 that feels and flies like a new aircraft.
The background: After Nextant created a new category in the Aircraft Bluebook with the Nextant 400XT (and the upgraded 400XTi), which was essentially a re-built Hawker 400, the company chose the King Air 90 to form the basis of its next re-manufacturing project.
The G90XT was launched by Nextant at NBAA 2013 as a joint-venture with the GE. No surprises that Nextant are adding brand new GE H80 engines to the airframe to match Garmin G1000 avionics and a new interior. The cosy cabin may cause problems for the larger passenger, but it’s hard to argue with the price tag.
— J Kulp (@JulpK) November 5, 2013
How much will it cost? Around $2 million.
Who wants it? Regular fliers looking for a low entry-point into business aviation.
When can I have one? Before the end of 2014.
Aircraft type: Light jets
The pitch: The ‘official’ upgrade of the Hawker 400 from the company that knows it better than anyone.
The background: Having been in production for over 30 years, Beechcraft is returning to the private jet market in 2014, by taking the familiarity of the Hawker 400 jet (initially designed and built by Mitsubishi) and fitting it with new Williams FJ-44-4A-32 engines, a completely different interior and a whole host of upgrades to give it the fresh feel of a brand new aircraft.
Beechcraft is not too happy about Nextant launching a rival product with the re-manufactured Nextant 400XT (or for that matter, its $202 million aircraft order from Travel Management), but it is confident that its new take on the Hawker 400 has an edge that will see the company shift between 15 and 20 units per year.
How much will it cost? $2.9 million.
Who wants it? Existing Hawker 400 owners.
When can I have one? The first delivery will be made in January 2014.
The pitch: A modestly-priced, game-changing VLJ from one of the world’s biggest brands.
The background: Barring the Gulfstream G650, the HondaJet is probably the most eagerly anticipated aircraft in the history of business aviation. It made its first flight way back in 2003, but momentum has picked up again in the past year, with engine certification nearing, FAA-conforming aircraft featuring at air shows and adverts for the aircraft even beginning to appear on television.
The HondaJet boasts new engines from a GE-Honda joint venture and an innovative design that includes over-the-wing engine mounts. It is the fastest light jet on the market and Honda claims the cabin is quieter and more spacious than its competitors.
How much will it cost? $4.5 million.
Who wants it? The aircraft is expected to prove popular in the US, where Honda will offer financing. Formula One driver Jenson Button ordered the first two HondaJets (believed to be for an air charter company he was launching) and was pictured with Honda Aircraft’s CEO at EBACE 2008, however it is no longer clear whether he will receive the aircraft.
When can I have one? The first HondaJet is expected to be delivered in early 2015 or before the end of 2014.
The pitch: A mid-sized jet that promises large-sized comfort.
The background: The Learjet 85 is a mid-size jet, which Bombardier promises will include a larger and more spacious cabin than any aircraft in the mid-sized segment.
The aircraft will come with a Collins Pro-Line Fusion avionics suite, Pratt & Whitney PW307B turbofans and roughly 3,000 nautical miles of range.
— Business Insider AUS (@BusInsiderAU) October 9, 2013
How much will it cost? $20.75 million.
Who wants it? Flexjet ordered 30 Learjet 85s and added a top-up to the order in October 2013, turning 30 options into firm orders and adding an additional 20 options.
When can I have one? Originally expected in late-2013, the Learjet 85 was hit by delays of six to nine months, pushing the aircraft’s entry date back to the third quarter of 2014.
Aircraft type: Medium jets
Medium or mid-sized jets are often used to carry around 12 people from one side of a continent to another. You can a list of medium jets already in production in our comprehensive aircraft guide section.
Cessna Citation Latitude
The pitch: A NetJets-endorsed mid-sized business jet that won’t break the bank.
The background: The Citation Latitude is a nine passenger twinjet priced between the popular Cessna Sovereign and the Citation XLS+.
Cessna brought a mock-up of the Latitude to Las Vegas for NBAA 2013 and announced that it had increased the aircraft’s range by 500 miles, improved the size of the cabin and installed an electronically-operated door.
— Algernon Trotter (@algernontrotter) October 23, 2013
How much will it cost? $14.9 million.
Who wants it? NetJets placed 25 firm orders for the Latitude with options for another 125 in June 2012.
When can I have one? Certification is expected in 2015, with a prototype due to fly in the first quarter of 2014.
Embraer Legacy 500
The pitch: The fastest, furthest-flying mid-sized business jet that even Jackie Chan wants to own.
The background: The Legacy 500 was officially launched alongside the smaller Legacy 450 (expected 2015) at NBAA 2007 in Atlanta, after it was tentatively announced as Embraer’s MSJ (mid-size jet) Concept at the previous year’s NBAA convention. The Legacy 500 is a mid-sized fly-by-wire business jet that can carry up to 12 passengers, but typically between four and eight, over 3,000 nautical miles.
How much will it cost? $19.995 million.
Who wants it? Jackie Chan, a long-term customer and brand ambassador for Embraer, was promised the first Legacy 500 at NBAA 2013.
When can I have one? The aircraft made its international debut at EBACE 2013, with Embraer saying that expect it to enter into service in the first half of 2014.
Bombardier Challenger 350
The pitch: The leading super-mid-sized business jet just got better.
The background: The surprise launch of the Challenger 350 at EBACE 2013 initially confused aircraft brokers who felt Bombardier was already dominating the mid-sized market with the Challenger 300, but the 350 features a number of improvements, including new engines, new winglets and avionics, a more comfortable and user-friendly cabin (although no bigger than the 300) and crucially, an extra 145 nautical miles of range.
Despite a heftier price tag, Bombardier expects the 350 to outsell (and eventually replace) the Challenger 300, but the manufacturer will continue to build and offer customers both types.
How much will it cost? $25.9 million.
Who wants it? The Challenger 350 was treated to a high profile launch with Bombardier flying John Travolta in to Geneva. NetJets in the US and VistaJet in Europe have also placed significant orders.
When can I have one? Deliveries should begin in 2014.
New Cessna Citation X
The pitch: The world’s fastest business jet.
The background: As its name would suggest, the New Citation X (originally marketed as the Citation Ten) sees Cessna upgrade its iconic Citation X business jet, by fitting it with upgraded Rolls-Royce AE3007C2 turbofan engines, a Garmin G500 avionics suite, in-flight Wifi and USB ports and a nifty cabin management system, which looks and functions like an iPad.
In October 2013, the aircraft completed all the required tests needed to validate its speed of Mach 0.935 and crucially, establish its title as the world’s fastest private jet.
Having one of those “Is this my actual life?!” moments. Just flew Mach 0.935 in Cessna’s amazing Citation X. So cool! pic.twitter.com/CCVNTF8zQD
— Amanda Buckiewicz (@AmandaBuckie) November 18, 2013
How much will it cost? $22 million.
Who wants it? NetJets cardholders, private jet passengers that are going somewhere in a hurry.
When can I have one? Early 2014.
More private jets coming later
Embraer Legacy 450 (2015): Slightly smaller than the Legacy 500, the Legacy 450 will be able to carry seven to eight passengers over 2,300 nautical miles.
Bombardier Global 7000 (2016): The Global 6000 is the next in line from Bombardier’s immensely popular series of Global transatlantic series of business jet, which has already earned significant orders from fractional jet providers.
Cessna Citation Longtitude (2017): The Citation Longitude is the latest super mid-size jet project from Cessna priced higher than the Latitude due its extra range.
Dassault Falcon 5X (2017): The extremely spacious two-engine Falcon 5X, which was launched at NBAA 2013, has the potential to be a real game changer for Dassault.
Pilatus PC-24 (2017): One of the most exciting new launches of 2013, the Pilatus PC-24 has a cargo door and the ability to land on grass, dirt or snow runways. Pilatus hopes to create a new market for utility jets.
Bombardier Global 8000 (2017): When it arrives, the Global 8000 will fly faster than any business jet, with engines that deliver more efficiency with low fuel burn and low emissions.
As well as reading Corporate Jet Investor’s business jet guides and daily coverage, we recommended using Bombardier’s annual market forecasts to keep up with the new private jets currently in development.