“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
Hawker 4000 Earns Its Wings
Raytheon's Hawker 4000 has won FAA certification. It took a little more than 10 years, but in a booming market, the company now has orders for 74 of the aircraft, including 50 from fractional operator NetJets. Of the 24 others, three quarters are going to buyers outside the U.S. The $20 million twinjet has a range of 2,777 nm with a typical payload of six passengers and baggage.