Private Jet for 1 million

Suitable for up to 5 adult and 2 child, it has a reach of 1380 miles and a top velocity of 345 miles per hour.

multi-million Dollar Jet

One private jet for $1 million? If you consider that a Gulfstream G6 costs 65 million US Dollar, you can see why it could be hard to make a private jet for 1 million US Dollar. I was one of the lawyers who represented Safire Aircraft in the early 2000s. Together with several other manufacturers, they tried to launch a $1 million private jet on the US jet scene.

This has long been regarded as the sacred grain of private jet flying. Proven but never reached, a private jet at this cost would mean that those who routinely flew in first grade would now consider having a private jet as an option. Unfortunately, Safire ran out of cash before they could reach their destination, and no one was able to construct a $1 million private jet.

But there are 3 producers that produce cheap very lightweight jet airplanes near this quantity. Initially, the Eclipse 500 was enthusiastically heralded as a six-seat jet for less than a million US dollars. Made by Eclipse Aviation in Albuquerque, New Mexico, shipments began in 2006 and the cost quickly increased to over $2 million.

Some 206 planes were shipped when the airline stopped manufacturing in 2008. It is currently planned to resume delivery this year with the upgraded Eclipse 550, which will cost just under $3 million, making the Eclipse still the cheapest price on the low weight jet available.

The four occupant cruise ranges 1,125 nm, the Max Altitude 41,000 feet, the Cruise Fuel Flow 59 grams and the Max Cruise Velocity 375 ktas/430 mm. Citation Mustang is a twin-jet jet produced by the Cessna Aircraft Company in Independence Kansas. The price is $3.29 million, with six seated passengers with four seated passengers and two seated passengers in the flight deck (designed for single-pilot operation) and a bathroom.

With five passengers, the cruising distance is 1,155 nm, the maximum height is 41,000 feet, the fuel flow is 100 g/ph and the maximum cruising speed is 340 ktas/391 km/h. The maximum cruising speed is 340 km/h. Phenom 100 is currently valued at $4.4 million, with eight seater beds with six passengers and twin seater beds in the dashboard (designed for one pilots operation) and a rigid doorside cloakroom.

With seven passengers, the cruising distance is 1,178 nm, the maximum height is 41,000 feet, the fuel flow is 77 g/ph and the maximum cruising speed is 390 ktas/449 km/h. The maximum fuel flow is 77 g/km. A number of other vendors that you may want to track in this class of jet engines have already indicated that they will be supplying low-cost jets in the near-term.

This includes the single-engine Jet Cirrus Vision SF50 with seven seats and an expected cost of around US$2 million and the twin-engine Honda HA-420 HondaJet with eight seats and an expected cost of around US$4.5 million. As the Safire, no producer seems to be able to supply the $1 million jet in the near future.

But as the cost of private jet airliners falls and the annoyance of business aviation increases, it is more appealing than ever to become the owners of a private jet. Novela is a Novela Law company attorney who helps customers around the world buy and register their airplanes, boats, real estates and companies.