Business jet

Gulfstream IV business jet,.

Business jet, private jet or, colloquially, bizjet is a term describing a jet aircraft, usually of smaller size, designed for transporting groups of up to 19 business people or wealthy individuals. Business jets may be adapted for other roles, such as the evacuation of casualties or express parcel deliveries, and a few may be used by public bodies, governments or the armed forces. The more formal terms of corporate jet, executive jet, VIP transport or business jet tend to be used by the firms that build, sell, buy and charter these aircraft.

Background

Bombardier Global 5000 business jet takes off ,.

Almost all production business jets, such as General Dynamics' Gulfstream and the Gates Lear Jet (now built by Bombardier), have had two or three engines, though the Jetstar, an early business jet, had four. Advances in engine reliability and power have rendered four-engine designs obsolete, and only Dassault Aviation still builds three-engine models (in the Falcon line). The emerging market for so-called "very light jets" and "personal jets", has seen the introduction (at least on paper) of several single-engine designs as well.

Almost all business jets have rear-mounted engines, because the wing (mounted low for performance reasons) is too near the ground for engines to be slung underneath it.

Airliners are sometimes converted into luxury business jets. Such converted aircraft are often used by celebrities with a large entourage or press corps, or by sports teams, but airliners often face operational restrictions based on runway length or local noise restrictions.

Private Boeing 737-800 lands at London Luton Airport, England ,.

Cessna 525 CitationJet ,.

A focus of development is at the low end of the market with small models, many far cheaper than existing business jets. Many of these fall into the very light jet (VLJ) category and are used by the air taxi industry. Cessna has developed the Mustang, a six-place twinjet (2 crew + 4 passengers) available for $2.55 million USD. A number of smaller manufacturers have planned even cheaper jets; the first was the Eclipse 500 from the now defunct Eclipse Aviation which was available at around 1.5 million USD. It remains to be seen whether the new jet manufacturers will complete their designs, or find the market required to sell their jets at the low prices planned.

There are approximately 11,000 business jets in the worldwide fleet with the vast majority of them based in the United States or owned by US companies. The European market is the next largest, with growing activity in the Middle East, Asia, and Central America.

Since 1996 the term "fractional jet" has been used in connection with business aircraft owned by a consortium of companies. Costly overheads such as flight crew, hangarage and maintenance can be shared through such arrangements.

Because of their low-volume productions and long lead times, new aircraft orders can take two to three years for delivery. This peculiarity fuels a large pre-owned marketplace, with aircraft for immediate availability.

 classes

The business jet industry groups the jets into five loosely-defined classes:

Heavy jets

The most expensive type of private jet is the heavy jet type, which is designed for the ultimate in large capacity luxury air travel. These aircraft, sometimes referred to as Bizliners (contraction of Business Airliners), are based on or converted from airliner types.Aircraft of this class include:

Airbus

Airbus A318 Elite

Airbus A319CJ

Airbus A380 Flying Palace

Boeing

Boeing Business Jet

Embraer

Lineage 1000

[edit]Large Cabin jets

Bombardier Aerospace

Bombardier Global 5000

Bombardier Global 7000

Bombardier Global 8000

Bombardier Global Express

Bombardier Challenger 850

Dassault

Dassault Falcon 7X

Gulfstream Aerospace

Gulfstream G500

Gulfstream G550

Gulfstream G650

Super mid-size jets

The elite class of the business and private jet aircraft are the super mid-size jets that feature wide body cabin space, high altitude, speed, and ultra long range capabilities. These ultra luxurious private jets combine the long range transatlantic capability with the speed and comfort of a wide body, high altitude aircraft. Aircraft of this class include:

Bombardier Aerospace

Bombardier Challenger 300

Challenger 605

Cessna

Citation X

Dassault

Dassault Falcon 900DX

Dassault Falcon 900EX

Dassault Falcon 2000DX

Dassault Falcon 2000EX

Embraer

Legacy 600

Gulfstream

Gulfstream G350

Gulfstream G450

Hawker Beechcraft

Hawker 4000

Mid-size jets

These aircraft are suitable for longer range travel such as transcontinental flights and for travel with larger passenger capacity requirements. Aircraft of this class include:

Bombardier Aerospace

Learjet 60 XR

Learjet 85

Cessna

Citation Columbus

Citation XLS

Citation Sovereign

Dassault

Dassault Falcon 50EX

Embraer

Embraer Legacy 450

Embraer Legacy 500

Gulfstream

Gulfstream 150

Gulfstream 250

Hawker Beechcraft

Hawker 750

Hawker 850 XP

Hawker 900XP

Light jets

The light jets have been a staple of the business jet industry since the advent of the Learjet 23 in the early 1960s. The light jets provide access to small airports and the speed to be an effective air travel tool. Aircraft of this class include:

Bombardier Aerospace

Learjet 40

Learjet 40 XR

Learjet 45

Learjet 45 XR

Cessna

Citation CJ1

Citation CJ2

Citation CJ3

Citation CJ4

Citation Bravo

Citation Encore

Embraer

Phenom 300

Grob

Grob SPn

Hawker Beechcraft

Beechcraft Premier I

Hawker 400

Sino Swearingen

SJ30-2

Very light jets

Main article: List of very light jets

Very light jets, also known as Microjets or VLJs, are designed to provide air travel, for example, to the more than 5,000 small community airports in the United States.[citation needed] VLJs have a maximum take off weight of not more than 10,000 lb. Aircraft of this class include:

Adam Aircraft Industries

Adam A700

Cessna

Citation Mustang

Cirrus Design

Cirrus Vision SF50

Comp Air

Comp Air Jet

Diamond Aircraft Industries

D-Jet

Eclipse Aviation

Eclipse 500

Eclipse 400

Embraer

Phenom 100

Epic Aircraft

Epic Elite

Epic Victory

Honda

HondaJet

Piper

PiperJet

Spectrum Aeronautical

Spectrum S-33 Independence

Operators

There are three basic types of operators who own, manage and operate private jets.

Flight Departments

Flight departments are traditionally corporate owned operators who manage the aircraft of a specific company. i.e. Ford Motor Company, Chrysler, Altria are all example of companies that own, maintain and operate their own fleet of private aircraft for the exclusive use of their executives. Flight Departments handle all aspects of aircraft operation and maintenance. These aircraft are managed under the FAA rules (FAR's) Part 91.

Charter Companies

Charter operators are traditionally operators who own or simply manage private jets for multiple clients. Like traditional flight departments, charter companies handle all aspects of aircraft operation and maintenance. However, they are not aligned with just one corporation. They manage aircraft for a private owner or corporation and also handle the sales of available flight time on the aircraft they own or manage. These aircraft are usually operated under Part 135 of the FAA regulations.

Fractional Ownership

This is commonly known in the industry as "time share". An individual or corporation pays an up front equity share for the cost of an aircraft, Say 1/4 of the aircraft price, known in the industry as a "quarter share". The individual or corporation is now an equity owner in that aircraft and can sell their equity position if necessary. This entitles the new owner to 100 hours of flight time on that aircraft, or any comparable aircraft in the fleet. Additional fees include monthly management fees and incidentals like catering and ground transportation. These aircraft may operate under part 91 or part 135 of the FAA regulations, depending on the passengers using the aircraft.

(source:wikipedia)