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Originally Posted by Monolithic Anyway, I have a question - a private jet makes sense for those who absolutely need it. |
There are two sides to this question. I believe that for those who need it, yes it makes sense.
Sometimes I have a lot of work to do, and other times, circumstances require me to fly in a jet. If I fly commercial, I just can't get any work done. So I use the Lear and catch up with left over work so that I can spend sometime with my family. Obviously, the cost to fly private is not recovered in a direct manner but if I get four hours of work done on the flight, that's four hours of family time I recover. For me, it is worth it.
On the other hand, private jet ownership has a LOT of issues. There are costs without actually flying anywhere. The hangar for parking the jet. Continuous certifications and testing. Insurance policy. Depreciation cost. Staff wages etc. I enjoy travelling on the LR60 because I do not own it and I do not have to pay for it, the organization I work for pays for it.
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Originally Posted by Monolithic How does Learjet compare with Gulfstream G150? And what parameters do you consider for a private jet? |
Buying Criteria
The most important thing to understand while buying a private jet is not to look at a budget. Never try to get the best plane for a specific budget, try to get the best one suiting your criteria. Unlike a car, a wrong jet can land you with multiple problems. Generally, the first step is to find your usage profile and then select or shortlist a couple of models. Earlier models are cheaper to buy, but will cost longer in terms of maintenance.
Your aircraft selection primarily depends on the following factors, in order of importance.
1. Range required ( I fly locally from Dulles Intl. Washington to Sky Harbor, Phoenix, AZ and Heathrow, London to Stockholm Intl, so the 60XR suffices for me.)
2. Maintenance (i.e where the aircraft is based is very important). Private jets do not fly halfway round the world for maintenance issues.
3. Seats required (Also consider headroom, very important on private jets).
4. Luggage space required.
Comparison with G150
In general, the G150 is considered to be marginally better than the LR60xr. It has more headroom, which makes a lot of difference, since you can actually stand up and walk around the cabin without bending your head. It has longer range, although we don't do transatlantic flights on either of them. The G150 has better residual value.
The G150 falls short on the service ceiling, performance and operating costs. Variable operating costs for G150 reach $2,400/hr by 3-4 years of service, while our LR60xr comes under $2100/hr. But again, this is a debatable figure which depends on an individual air-frame's maintenance etc. The big differentiator here is the service ceiling, which is 45000 ft. for the G150 and 51000 ft. for the LR60xr. This makes a whole lot of difference in crowded airspaces like Europe where FL410-FL450 is also congested. Also, a higher service ceiling allows you to avoid turbulent weather completely. This is a significant advantage over the G150. And last but not the least, the LR60XR is one crazily fast aircraft. It does have higher approach speeds though.
Maintenance wise, the G150 is okay, while the LR60Xr is considered to be a highly reliable aircraft. Most fleets are still running 20 year old LR60's. But it has a couple of problems too, particularly with the fuel atomizer in the APU and starter generators sometimes. Nothing that an AOG check can't sort out though.
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Glossary:
APU: A small engine to power up the main engine
AOG: Aircraft on ground
Service Ceiling: The maximum height an aircraft can fly at.
FlXXX: XXX00 feet altitude above Mean Sea Level