How much does a Learjet 85 cost?
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.
What happened to the Learjet 85?
On January 15, 2015, Bombardier announced their decision to suspend the Learjet 85 program and cut 1000 associated jobs. On October 29, 2015, Bombardier chief executive Alain Bellemare announced a 2015 $4.9 billion third quarter loss, including the cancellation of the Learjet 85 program.
Is Learjet going out of business?
With the end of major aircraft manufacturing there, the Learjet 75 model will cease production by the end of 2021, and the Learjet 85 program will be discontinued. The news came within a mixed report on the previous year.
Why is Learjet ending?
Bombardier is ending production of its iconic Learjet in the fourth quarter, saying in its quarterly earning report Thursday that the move would allow it to focus on its more profitable Challenger and Global business jet lines. There have been telltale signs leading to this decision for years.
What’s the price of a Lear Jet 85?
This is a mock-up of the Learjet 85 in flight. The actual Learjet 85 is scheduled to have its inaugural flight sometime later this year. The price tag for such luxury: $20.8 million. And it’s not even considered a high-end private jet.
Who was the first customer for the Learjet 85?
Computer software design tools were used on the project, including CATIA and HyperSizer, and similar wing technology employed as on the Bombardier CSeries. Bombardier reported nearly 60 Learjet 85 orders at a price of US$17.2 million (2008 dollars). Flexjet announced it would be the initial launch customer with seven orders in 2011.
Where are Learjet 85 aircraft manufactured in Mexico?
Flexjet announced it would be the initial launch customer with seven orders in 2011. On October 21, 2010, Bombardier opened a Learjet 85 aircraft component manufacturing facility in Querétaro, Mexico. The plant was inaugurated by President Felipe Calderón. Some parts of the wing would have been manufactured in Belfast in Northern Ireland.
How much does a Learjet 45XR cost?
The average Bombardier Learjet 45XR costs between $1.7m for a 2003 model and $3.5m for a 2012 edition, per Aircraft Bluebook’s spring 2021 data. Prices for individual aircraft serial numbers will vary, depending on a number of factors, including how well maintained they are, the number of hours on their airframes and engines, and more.