Is Learjet out of business?

On February 11, 2021, Bombardier announced the end production of all Learjet aircraft. Bombardier also announced they would continue to fully support the Learjet fleet well into the future, and launched the Learjet RACER re-manufacturing program for the Learjet 40 and Learjet 45 aircraft.

Why is Learjet going out of business?

Canada’s Bombardier announced Thursday that it will stop production of the Learjet later this year to focus on more profitable planes. That means the elimination of 1,600 jobs in Canada and the United States, another blow to aircraft manufacturing, which has withered in the pandemic.

How Much is Learjet worth?

While the Learjet 85 is the largest, fastest, and longest-ranging plane in the Learjet fleet, it and its $20.8 million price tag aren’t even considered high-end private jets. Learjet Bombardier also manufactures two other families of jets, Challenger and Global, which go up as high as $70 million.

How much does a used Learjet cost?

Buyers can purchase a used Learjet for less, however, with the price depending on its age and condition. For example, Aircraft Bluebook’s Spring 2022 data shows that a 2012-model Learjet 45XR retails for approximately $4.1m, while an older 2000-model Learjet 31A costs $1.0m.

Which is better Learjet vs Gulfstream?

Overall, the Learjet 75 provides more cabin volume (415cu. ft) than the Gulfstream G100 (304cu. ft), thanks to its cabin length being longer (19.75ft vs 17.1ft). Typical executive seating for the Learjet 75 is for eight seats, though the aircraft is certified for up to nine seats.

Why was the Learjet 85 Cancelled?

The development was “paused” in January 2015 as the aircraft development was consuming too much money and orders were lacking. The company suspended the Learjet 85 to concentrate on the CSeries and Global 7000/8000 instead. On October 29, 2015 the project was cancelled.

Who builds Learjet?

The last ever Learjet will be built in 2021, its manufacturer, Bombardier, has announced, signalling the end for an aircraft that was once shorthand for the luxury private jet travel of the super-rich.

How much is a 2020 Learjet?

$9.9 million U.S.
The Learjet 75 Liberty is expected to enter service in 2020 The Learjet 75 Liberty will be offered at a list price of $9.9 million U.S., with first deliveries expected in 2020. This exceptional value proposition represents a new frontier for the Learjet brand.

Can a Learjet 75 cross the Atlantic?

The short answer to this question is yes. Private jets can cross the Atlantic.