Sport Aviation and Jet Aircraft
Do you want a little business jet with a lot of power? Well hold on, as we are almost here. There are many new little Biz Jets about to come to the market place. So what is happening in the Biz Jet marketing the last 2-years? Oh not much, except Cessna now has a new little Biz Jet. This little model will mean aircraft washing businesses may have to adjust their prices down a little or may just make a hefty profit as it can be washed in less than 30 minutes. Meanwhile in Biz Jet markets we are seeing many changes.
The new Cessna Citation Mustang is doing great already with orders and just incase you think things are slowing down, remember there are lots of orders right now, just about anyone who is anyone is buying these newest technologies. Lots of new choices out there from the leaders in the industry and who is getting orders and who is buying now? Lots of talk in the Industry, lots of money flow. And also NASA decides it cannot do without the idea of fractional jet costs to share their resources and save money, it is a deal they cannot pass up as the NASA we use to know is purely business and watching it’s costs these days;
Look at the new Eclipse 500 a little six seater, 2300 pre-orders, wow. That is a lot of jets to wash. As Airlines get hammered it appears there is a whole new market, which has been given a boost. Eclipse Order Book Tops 2,000. With 1,357 pre-paid no refund Orders and 715 Options; $65 million Deposited. Indeed this is an interesting recent press release as well:
“Eclipse Aviation Corporation wanted everybody at the NBAA convention to know that the order book for its lightweight, six-place twinjet totals 2,072 aircraft. With 1,357 firm orders and 715 options, the company has secured more than $65,000,000 in non-refundable deposits, stating “Demand for the Eclipse 500 jet has been exceptionally strong, demonstrating the market creation and expansion made possible through not only the compelling purchase price, but more importantly, the low direct operating cost of this aircraft,” said Vern Raburn, president and CEO of Eclipse Aviation. “To our knowledge, the Eclipse 500 [pre-delivery] order book is greater than that of any single civilian jet in the history of aviation.” Nonrefundable deposits secure all orders for the Eclipse 500 jet. Each order includes payment schedules that increase the amount of the customer’s total deposit as the aircraft reaches certification and delivery milestones”
This is far out man. Included in the order book are deposits from individual customers for the purchase of 530 owner-flown aircraft. Can you believe how well this company has done. First customer deliveries are scheduled to occur in January 2004. To date, approximately the first two-and-a-half years of production aircraft have been sold out. An order placed today will be granted a mid-2006 delivery position. Fleet customer aircraft delivery commitments extend through 2008. You know these are very sexy little planes and the kind you would like to own.
The Eclipse 500 is a six-person jet aircraft that sells for $837,500 (in June 2000 dollars). At this price, it costs approximately a quarter of today’s small jet aircraft. The Eclipse 500 flies at 355 knots, and the company says it will travel 1300 nautical miles (about the distance between Boston and Miami) at a cost of approximately 56 cents a mile to operate. This cost to operate is nil considering the excellent performance. Production Rates are a little bit of a snag, I would say with all these orders, surely they will be quite busy for sometime to come.