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In 2003, Aerion commenced a search for a large aerospace partner, including Bombardier Aerospace and Dassault Aviation. [2] The SBJ project was unveiled at the 2004 NBAA convention, backed by US billionaire Robert Bass, with introduction targeted at 2011 for a $1.2–1.4 billion development cost, anticipating a 250–300 aircraft civil market over 10 years.
The Aerion SBJ was a supersonic business jet project designed by Aerion. Unveiled in 2004, the designer sought a joint venture with a business aircraft manufacturer anticipating a $1.2–1.4 billion development in 7–8 years. [25] Aerion received 50 letters-of-intent before enlarging the design as the Aerion AS2 in 2014. [26]
In April 2020, Aerion unveiled an updated design for the 12 passenger jet, reaching Mach 1.4 in supercruise with nonafterburning engines, over 5,000 nmi (9,300 km). [23] Building on the NASA X-59 experience, cruise could be boomless up to Mach 1.2, as thicker air at lower altitude can refract the boom away, but this was the highest drag region ...
For the first half of 2018, while business jets deliveries were relatively flat, new turboprops were up 10%, pressurized ones were up 12%, and King Airs were up 30%. Charter membership Wheels Up, operated by Gama Aviation, saw its flight hours surge by 18% and expanded its fleet from 99 to 117 with most of the new aircraft being examples of the Beechcraft King Air 350i.
Air transports for heads of state and government are, in many countries, provided by the air force in specially equipped airliners or business jets.One such aircraft in particular has become part of popular culture: Air Force One, used by the President of the United States and operated by the United States Air Force.
A business aircraft is one designed for transporting small groups of business people for commercial reasons at a time convenient to their business needs. While many are jets, turboprop engines offer high efficiency and lower costs. Some aircraft may be adapted for other roles, such as the evacuation of casualties or express parcel deliveries ...
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Business jets have varying value retention, between the leading Embraer Phenom 300E, sold for $9.45 million in 2018 and expected to retain 68% of its value 15 years later for $6.46 million in 2033, and the trailing $24.5 million Gulfstream G280, predicted to retain 42% of its value for $10.25 million. [23]