The Eclipse 500 has taken another step up from that elusive $1 million sticker price. The company announced an across-the-board hike raising the price of the very light jet to $1.295 million in June 2000 dollars. (We don’t know how to do the math either.) When it was introduced in 1999, the price was below $900,000, but new engines, development costs relating to those engines and increasing supply costs have pushed the price up, said the company…
Students from Embry Riddle Aeronautical University took top honors in the National Intercollegiate Flying Association Safety and Flight Evaluation Conference competition held in Salina, Kan., April 26-30. Following the Golden Eagles in second place was the team from University of North Dakota, with Western Michigan taking third…
Two Northwest Airlines planes collided on the ground at Twin Cities Airport Tuesday night, injuring eight people. The Minneapolis Star-Tribune reported that the brakes failed on a DC-9, causing it to collide with an Airbus near a gate at the airport…
Fuel costs are doing nothing to dampen the demand for business jets, according to The New York Times. The fractional market, particularly, is booming with NetJets reporting a 28-percent increase in contracts in 2004 over 2003. (Though its pilots still don’t have one.)
On The Fly…
Key Takeaways:
- The price of the Eclipse 500 very light jet increased significantly to $1.295 million due to new engines, development, and supply costs.
- Embry Riddle Aeronautical University won top honors at the National Intercollegiate Flying Association competition.
- Two Northwest Airlines planes collided on the ground at Twin Cities Airport, injuring eight people, reportedly due to a DC-9's brake failure.
- Despite high fuel costs, demand for business jets, especially in the fractional market, remains strong, with NetJets reporting a 28% increase in contracts.
See a mistake? Contact us.
