5 Luxury Jets For Under 10 Million Dollars
Listen To The Article:
One of the most important lessons learned from the coronavirus epidemic is the importance of freedom and protection, particularly during flying. When hundreds of passengers witnessed flights getting postponed and canceled in massive numbers owing to unexpected government restrictions, many had little choice but to abandon their flights, leaving them stuck abroad.
While most people are reclaiming authority of their journeys by preferring road journeys or not planning to travel whatsoever, private personal aircraft is an alternative for the wealthy jet-setters. These small aircraft, unlike standard private aircraft, some of those private jets are designed to be piloted by a single pilot, some need two flight crew members, and are famous for their convenience, especially while flying in difficult airspace.
Businessmen and professionals who formerly had to make their journeys on commercial airliners may now change to the latest jets from Cessna, Embraer, and Cirrus. And, rather than packing the SUV for such a lengthy road journey, a family may board a plane or get to the far part of the world in a couple of hours.
A private aircraft is among the most highly-priced things to buy and operate, thus acquiring and utilizing one is not cheap. Having a personal jet is a multi-million dollar expenditure, between the initial acquisition of the jet, the expense of housing it in a hangar, and all the other expenses involved in operating the aircraft. Despite private aircraft being pricey, there are those that are “affordable.” We’re referring to aircraft that cost less than 10 million dollars when we say “affordable.” Obviously, it’s still a great deal of money, but when compared to some of the $80 million aircraft on the market, the aircraft on this list begins to look quite reasonable.
1. Cirrus Vision Jet-A Light Jet Aircraft
Cirrus Aircraft, based in Minnesota, produced the Vision Jet, a very light-category business jet. The SF50 type obtained FAA approval on October 28, 2016, with the maiden delivery on December 20, 2016. Vision Jet is the commercial identifier for the company’s SF50 type. On January 8, 2019, Cirrus introduced the G2 Vision Jet, a 2nd generation variant of the Vision Jet with enhanced avionics, interior, and performance.
Around $2-2.5 million, the smallest but most powerful private plane in the industry is the Cirrus Vision Jet. The Vision Jet is said to be the world’s 1st single-engine private jet that produces a thrust of 1,800 pounds and is equipped with a Williams International FJ33-5A turbofan engine. It took 9 years to develop and manufacture the Cirrus Vision Jet.
Instead of a conventional rudder, it has a distinctive V-tail. The range of Cirrus Vision Jet is 1150 miles and it can fly at a maximum altitude of 28,000 feet with a cruise speed of 300 knots. Although the aircraft is built for the owners to fly, a pilot can also be employed for added efficiency. The Vision Jet has a takeoff distance of 2,036 feet, a takeoff distance over a 50-foot obstacle of 3,192 feet, and a landing ground roll of 1,628 feet, according to Cirrus.
You will like the spacious cabin, which stands 4 feet 1 inch in height and 5 feet 1 inch wide and has substantial windows and seats for up to five people and two kids. The in-flight entertainment systems, ambient illumination, and USB recharging ports are among the premium features. A panorama windscreen, and also a cutting-edge Garmin Perspectives Touchscreen avionics system and sidestick technology, can be found in the cockpit. The Cirrus Vision Jet even has a flight envelope and emergency parachute equipment, putting travelers at peace when flying on this jet.
Because of its cheap direct operational costs, which are expected to be about $1,000 an hour, this jet aircraft is a preferred substitute for commercial airlines. It’s also simple to operate and adaptable, which are two more plus points. Because of its small size, it may be easily parked in a hangar when not being used, just like every other light jet aircraft.
2. Eclipse 550- Light Business Jet
The Eclipse 550 is a twin-engine, low-wing light business jet produced and constructed collaboratively by Sikorsky Aircraft Corporation (SAC) and Eclipse Aerospace (EA) for use on regional and worldwide routes. It’s based on the Eclipse 500 corporate jet. The Eclipse 500’s structure, engines, and incorporated glass cockpit are used in this aircraft.
The Eclipse 550 includes a variety of new innovations, including revised avionics, improved cabin furnishings, advanced microprocessors, side joystick control, auto-throttles, digital engine control (FADEC), and synthetic and enhanced vision systems. The price to own a new Eclipse 550 ranges between $2.9 million to $3.2 million.
The jet accommodates two crew members in the cockpit. It has a multipurpose display, 2 LCD simpatico primary flight screens, and a navigator display for the pilots to see data on navigation, flight instruments, fuels, and engine.
The Eclipse 550 luxury jet’s wide interior can accommodate 6 passengers in parallel seating. Luxurious seating, a Satellite phone, onboard oxygen generating systems, LED illumination, a cabin pressurization system, and an in-flight entertainment system with Wi-Fi are all the features of Eclipse 550 Jet. The cabin measures 12-feet in length, 4.6 feet in width, and 4.1 feet in height.
The Eclipse 550 is able to ascend at a speed of 34 knots. The aircraft’s maximum speed and the stall speed are 374 knots per hour and 69 knots, respectively, with a range of 1295 miles. With a single-engine, the service ceiling is 35000 feet, and the highest altitude is 41000 feet. The takeoff and landing distances of this jet are 2345 feet and 2250 feet, respectively.
3. Embraer Phenom 300E
Embraer’s Phenom 300E is an updated business aircraft designed to increase flight performances and passengers’ convenience. In Las Vegas, during the Business Aviation Conference and Exhibition, the Phenom 300E jet was first exhibited in October 2017 The aircraft went into service in March of next year. This jet costs $9.45 million, however, most clients pay approximately $10 million due to personalized upgrades and luxury features.
In the category of business aircraft, The Phenom 300E stands prominent in terms of long-range and speed. The maximum speed of this jet is 530 knots as well as a maximum range of 2313 miles. The cabin of Embraer Phenom 300E is 17.2 feet in length, 5.1 feet in width, and 4.9 feet in height.
To lower the total weight of the aircraft, carbon fiber elements are utilized in the interior. The Gogo Avance L5 sophisticated technology with increased 4G speed in-flight internet has been introduced aboard the business aircraft, allowing business travelers to watch video and audio in addition to the standard animated map data and flight data.
The jet features an advanced cockpit and is equipped with a Prodigy Touch flight deck. The pilot’s and co-seat pilot’s seat tracking has been raised by 40% to provide more legroom. The cockpit incorporates 14.1-inch interchangeable monitors with soft keys to minimize navigational time. To reduce landing overrun incidents, the modernized aircraft is fitted with a runway overrun awareness and alerting system (ROAAS).
The Embraer Phenom 300E is equipped with two engines- Pratt and Whitney PW535E1. Each engine produces a thrust of 3,578 pounds. The take-off and landing distances are 3180 feet and 2217 feet, respectively. The business jet has a maximum altitude of 45000 feet.
4. Honda Jet HA-420
The twin-engine business jet, Honda HA-420 is built by Honda Aircraft Company (HAC) in the United States for use on regional and international flights. It is HAC’s first-ever general aviation aircraft.
The HA-420 is stated to have a 35% better fuel efficiency than traditional business jets because of its streamlined and aerodynamics structure. The aircraft’s over-the-wing podded engine layout minimizes drag and increases passenger room during flying.
To reduce the total aircraft weight, the fuselage is composed of lighter-weight carbon fiber or honeycomb sandwich components. The wings are made of aluminum single sheets giving them a streamlined surface than traditional business jet wings.
The HA-420’s cabin is 17.10 feet in length, 5 feet in width, and 4.10 feet in height. The total volume of baggage is 1.87m3. The cabin can hold up to five people and has lots of legroom. It has four executive seats for passengers. Multifunctional leather club-style seating, stylish drink slots, and trays tables are the features of this jet aircraft,
Two GE Honda HF120 turbofan engines with a maximum thrust of 2037 pounds each drive the Honda HA-420. It has a top speed of 420 knots. The aircraft’s service ceiling is 43000 meters while the range is 792 miles. The take-off and landing distances are 3934 feet and 2795 feet, respectively.
5. Cessna Citation CJ3+ – Light Jet Aircraft
The Cessna Citation CJ3 belongs to the Citation group of business jets. It’s a category of the CJ2, which was originally a category of the CJ1 business jet. The airplane was revealed at the National Business Aviation Association (NBAA) meeting in September 2002. On April 17, 2003, it took its 1st and 2nd flights. It received FAA certification in October 2004 and began delivering in December of the same year.
The Citation CJ3 is the 6th generation of the popular Citation series of high and cost-effective business jets. The elegance of the CJ3, which delivers both performance and durability, appeals to business jet customers. As per Aircraft Bluebook’s 2022 data, the Citation CJ3+ is priced at around $6.95 million for the model of 2018 and $9.91 million for the 2022 model.
The CJ3 jet is notable for being the world’s largest, fastest, and most technologically developed aircraft. The CJ3 is a significantly larger, quicker, and more capable business aircraft than the CJ2. The cabin has been extended by two feet, as well as the wingspan has been increased by three feet. The CJ3 is a very fuel-efficient aircraft, burning about 150 gallons per hour. It is equipped with the Williams/Rolls-Royce FJ44-3A turbofans and each engine delivers 2,780 pounds of power during takeoff.
It now has a maximum take-off weight of 13,870 pounds and a maximum fuel weight of 4,710 pounds. As a result of these improvements, the maximum range/payload has increased. The interior is equipped with 8 passenger seats and many 110v AC power sockets as well as foldable working tables.
The Citation CJ3 Light Jet was first produced by Cessna in 2004 and is still in production today. The cabin measures 14.1 feet in length, 4.8 feet in width, and 4.8 feet in height. The characteristics make it suitable for seven persons, with a maximum passenger capacity of eight. If your typical suitcase is smaller than 5 cubic feet, the luggage section can store up to 9 bags. The Citation CJ3 does have a maximum range of approximately 2002 miles with a top speed of 415 (depending on headwind, higher elevations, hot weather, or greater capacity).
What is in it for an Aircraft Broker?
As an Aircraft broker, you are going to help people buy and sell planes, and unlike other sorts of deals, aircraft transactions can be complicated. It might be difficult to find buyers or sellers prepared to engage in reasonable market value transactions if you are not a qualified and experienced broker. So, when it comes to aircraft brokerage, knowledge and information truly are power. If you have deep knowledge about the different aircraft and their models, you will understand the need of your customers which will make it easier for you to locate, buy, and sell aircrafts being a broker. The more you understand aviation, aircraft, and other related information that are key to aircraft brokerage, the easier it will be to provide excellent service to your customers. You’ll need to develop competence in valuing numerous types of aircraft depending on current market conditions in addition to a broad aircraft knowledge base.