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I think the interesting element is what it says about the market for private jets in that there isn’t a perceived market for light jets, but that the super-mids
by cascom 4y ago
I think the interesting element is what it says about the market for private jets in that there isn’t a perceived market for light jets, but that the super-midsized to large cabin+ is still very viable, any thoughts on what’s driving that? Interest rates, Engine efficiency, fractional ownership, customer preference?
- tnorthcutt 4y agoNot totally sure what you mean by "there isn’t a perceived market for light jets", but both Honda and Cirrus produce quite popular light jets.
- cascom 4y agoFrom a taxonomy standpoint, I think those are very light jets. To be clear, I’m not saying the light jet market is dead or anything definitive like that, but the fact that Bombardier is shutting down their well established light jet offering would seem to indicate they don’t have a rosy outlook for the segment.
- ac29 4y agoAs the article mentions, Bombadier is still making small jets like the Challenger: https://businessaircraft.bombardier.com/en/aircraft/challenger-350#bba-pdp-section-1 https://businessaircraft.bombardier.com/en/aircraft/challeng...
- cascom 4y agoSee my original comment - those are super-midsized (challenger 350/3500) to large cabin ( challenger 650 and Globals) The market is: very light jet, light jet, midsize, super-midsize, large, large/long range, private airliner Bombardier is exiting the light jet market, and staying in the super-midsize, large, large/long range parts of the market.
- t0mas88 4y agoThe Cirrus Vision jet is a very different market, that's made for owners that want to fly it themselves. They made it for hobby pilots that learn in the SR20/SR22 and then upgrade to the jet. It is designed to make that transition relatively easy and it is a single-engine jet so you don't need to get a multi-engine rating first. Some of the smaller Citation jets can also be flown single pilot (like the 510), but they still require a multi-engine rating and the avionics are a bit more complex than the more straightforward switch from the SR22 to the Vision jet