WHO KNEW THAT the dark clouds gathered by a glob- al pandemic would have such a silver lining? Not that we would wish the past three years on anyone to live back through, but the resiliency of the turbine-powered busi- ness and owner-flown aviation markets has defied the pains of workforce fluctuations and supply chain disrup- tions. Case in point: Bombardier. Though the Montreal- based company has contracted over the past five years through divestment of its Q400 and de Havilland product lines and shifted its focus away from commercial aviation, it appears to be coming through all right, having made sound decisions. The first delivery of the Challenger 3500 took place in September 2022, going to launch customer Les Goldberg, chairman and CEO of Entertainment Tech- nology Partners. “As a previous owner of a Challenger 350 business jet, I can say with confidence that Bombardier has hit all the right notes in creating a next-generation aircraft," Goldberg says. "The cabin interior is spectacular, and I appreciate the added comfort and productivity that these new features will bring to our worldwide travels." According to the latest projection by Bombardier CEO Éric Martel, the company is taking advantage of the contin- ued attractiveness of business aviation through Q3 2022 to both private individuals and corporations looking to avoid based company has contracted over the past five years through divestment of its Q400 and de Havilland prod- uct lines and shifted its focus away from commercial aviation, it appears to be coming through all right, having made sound decisions. The first delivery of the Challenger 3500 took place in September 2022, going to launch customer Les Goldberg, chairman and CEO of Entertainment Technology Partners. “As a previ- ous owner of a Challenger 350 business jet, I can say with confidence that Bombardier has hit all the right notes in creating a next-generation aircraft," Goldberg says. "The cabin interior is spectacular, and I appreci- ate the added comfort and productivity that these new features will bring to our worldwide travels." According to the latest projection by Bombardier CEO Éric Martel, the company is taking advantage of the continued attractiveness of business aviation through Q3 2022 to both private individuals and cor- porations looking to avoid the squeeze of airline travel. WHO KNEW THAT the dark clouds gathered by a global pandemic would have such a silver lining? Not that we would wish the past three years on any- one to live back through, but the resiliency of the tur- bine-powered business and owner-flown aviation markets has defied the pains of workforce fluctuations and supply chain disruptions.
the squeeze of airline travel. In fact, the company expects to deliver more than 120 units by the end of the year. The 3500 is distinguished by its autothrottle system—which received approval under Transport Cana- da in April—and the fact that Bombardier has published an Environmental Product Declaration for the model, making it the first of the super midsize jets to launch with this transparent life-cycle impact statement that outlines its projected potential for smog creation, ozone depletion, and water pollution. Those key drivers—the pivot to business and per- sonal travel by private aviation, the focus on sustain- ability, and the targeting of niche segments within the turbine market—are reflected in the owner-flown tur- bine segment as well. Those key drivers—the pivot to business and personal travel by private aviation, the focus on sustainability, and the targeting of niche segments within the turbine market—are reflected in the owner-flown turbine segment as well. Owner-Flown Mounts Historically low interest rates recently have seen upward pressure, and those rising mortgage rates will surely slow the market as access to capital wanes. At press time, the federal funds rate bumped up to 3.25 percent, with an an- ticipated rise to up to 4 or 4.25 percent at meetings in No- vember and December, according to kiplinger.com. But Jim Blessing, president of AirFleet Capital—which writes loans on all models of owner-flown aircraft from pistons to jets—hasn’t seen the needle move just yet, Historically low interest rates recently have seen up- ward pressure, and those rising mortgage rates will surely slow the market as access to capital wanes. At press time, the federal funds rate bumped up to 3.25 percent, with an anticipated rise to up to 4 or 4.25 per- cent at meetings in November and December, accord- ing to kiplinger.com. In fact, the company expects to deliver more than 120 units by the end of the year. The 3500 is distinguished by its autothrottle system—which received approval under Transport Canada in April—and the fact that Bombardier has pub- lished an Environmental Product Declaration for the model, making it the first of the super midsize jets to launch with this transparent life-cycle impact state- ment that outlines its projected potential for smog creation, ozone depletion, and water pollution. But Jim Blessing, president of AirFleet Capital— which writes loans on all models of owner-flown aircraft from pistons to jets—hasn’t seen the needle
AIRCRAFT MAKE/MODEL MFG BASE PRICE ENGINE
SEATS MAX TAKEOFF WEIGHT FULL FUEL PAYLOAD
JETS Bombardier Challenger 3500 $26.7 million Bombardier Challenger 650 $32.4 million
2 x Honeywell HTF7350
up to 10 40,600 lb.
1,800 lb. 1,150 lb. 2,639 lb. 2,470 lb. 1,890 lb. 514 lb. 1,122 lb. 1,000 lb. 1,600 lb.
2 x General Electric CF34-3B MTO up to 12
48,200 lb.
Bombardier Global 5500
$46 million
2 x Rolls-Royce Pearl 15 2 x Rolls-Royce Pearl 15
up to 16 92,500 lb.
Bombardier Global 6500 $56 million
up to 17
99,500 lb.
Bombardier Global 7500 Cessna Citation M2 Gen2
$75 million
2 x General Electric Passport 2 x Williams FJ44-1AP-21
up to 19 114,850 lb.
$5.855 million
7
10,700 lb. 17,110 lb. 30,800 lb. 39,500 lb. 6,000 lb. 70,000 lb. 73,000 lb. 10,703 lb. 18,552 lb. 37,567 lb. 42,858 lb.
Cessna Citation CJ4 Gen2 $11.290 million
2 x Williams FJ44-4A
10
Cessna Citation Latitude Cessna Citation Longitude Cirrus Vision Jet G2+ Dassault Falcon 7X Dassault Falcon 8X Embraer Phenom 100EV Embraer Phenom 300E Embraer Praetor 500 Embraer Praetor 600
$19.305 million $29.965 million $2.98 million $53.8 million $62.5 million $4.495 million $10.295 million $17.995 million $21.495 million $24.5 million $49.5 million $59.5 million $6.5 million $11.05 million
2 x Pratt & Whitney PW306D1 2 x Honeywell HTF7700L 1 x Williams FJ33-5A 3 x Pratt & Whitney PW307A 3 x Pratt & Whitney PW307D
9
12
7
1,400 lb. mx pyld 6,000 lb. mx pyld 4,900 lb. mx pyld 647 lb. mx pyld 1,586 lb. mx pyld 1,610 lb. mx pyld 2,194 lb. mx pyld 4,050 lb. mx pyld 5,250 lb. mx pyld 6,540 lb. mx pyld
12 - 16 12 - 16
2 x Pratt & Whitney PW617F1-E 6 or 8
2 x Pratt & Whitney PW535E1 2 x Honeywell HTF7500E 2 x Honeywell HTF7500E 2 x Honeywell HTF7250G
8 or 11 2 + 9 2 + 12
Gulfstream G280 Gulfstream G500 Gulfstream G600 HondaJet Elite S
8 - 10 + 2 39,600 lb.
2 x Pratt & Whitney PW814GA up to 19 79,600 lb. 2 x Pratt & Whitney PW815GA up to 19 94,600 lb.
2 x GE Honda HF120 2 x Williams FJ44-4A
1 + 5/7
10,900 lb. 18,300 lb.
883 lb. 715 lb.
Pilatus PC-24
1 + 11
20
50
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