jet aircraft
A jet aircraft (or simply jet) is an aircraft (nearly always a fixed-wing aircraft) propelled by one or more jet engines.
Whereas the engines in Propeller (aircraft), propeller-powered aircraft generally achieve their maximum efficiency at much ...
designed for transporting small groups of people, typically
business executive
A business executive is a person responsible for running an organization, although the exact nature of the role varies depending on the organization.
Executives run companies or government agencies. They create plans to help their organizations gr ...
s and high-ranking associates. Business jets are generally designed for faster
air travel
Air travel is a form of travel in vehicles such as airplanes, jet aircraft, helicopters, hot air balloons, blimps, Glider (aircraft), gliders, Hang gliding, hang gliders, parachuting, parachutes, or anything else that can sustain flight.
and more personal comfort than
commercial aircraft
An airliner is a type of airplane for transporting passengers and air cargo. Such aircraft are most often operated by airlines. The modern and most common variant of the airliner is a long, tube shaped, and jet powered aircraft. The largest o ...
, and may be adapted for other roles, such as
casualty evacuation
Casualty evacuation, also known as CASEVAC or by the callsign Dustoff or colloquially Dust Off, is a military term for the emergency patient evacuation of casualty (person), casualties from a combat zone. Casevac can be done by both ground and ...
public bodies
A statutory corporation is a government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, but they are corporations owned by a government or controlled by national or sub-national government to the (in ...
military
A military, also known collectively as armed forces, is a heavily armed, highly organized force primarily intended for warfare. Militaries are typically authorized and maintained by a sovereign state, with their members identifiable by a d ...
jet trainer
A jet trainer is a jet aircraft for use as a Trainer (aircraft), trainer, whether for basic or advanced flight training. Jet trainers are either custom designs or modifications of existing aircraft. With the introduction of military jet-powered ai ...
. First flown in 1954, the MS.760 Paris differs from subsequent business jets in having only four seats arranged in two rows without a center aisle, similar to a
light aircraft
A light aircraft is an aircraft that has a Maximum Takeoff Weight, maximum gross takeoff weight of or less.Crane, Dale: ''Dictionary of Aeronautical Terms, third edition'', page 308. Aviation Supplies & Academics, 1997.
Light aircraft are use ...
, under a large sliding
canopy
Canopy may refer to:
Plants
* Canopy (biology), aboveground portion of plant community or crop (including forests)
* Canopy (grape), aboveground portion of grapes
Religion and ceremonies
* Baldachin or canopy of state, typically placed over an a ...
type certificate
A type certificate signifies the airworthiness of a particular category of aircraft, according to its manufacturing design (''type design''). Certification confirms that the aircraft of a new type intended for serial production is in compliance w ...
was awarded in July 1958, but commercial sales were limited, with most examples going to the military; an improved civilian version similar to a modern very light jet, with a six-seat enclosed cabin and a conventional door, never proceeded past the prototype stage. The commercial failure of the MS.760 Paris prompted the cancellation of projects by
Cessna
Cessna () is an American brand of general aviation aircraft owned by Textron Aviation since 2014, headquartered in Wichita, Kansas. Originally, it was a brand of the Cessna Aircraft Company, an American general aviation aircraft manufactu ...
and
Douglas Aircraft
The Douglas Aircraft Company was an American aerospace and defense company based in Southern California. Founded in 1921 by Donald Wills Douglas Sr., it merged with McDonnell Aircraft in 1967 to form McDonnell Douglas, where it operated as a di ...
to market similar jets.
The development of center-aisle cabin business jets was accelerated by an August 1956
United States Air Force
The United States Air Force (USAF) is the Air force, air service branch of the United States Department of Defense. It is one of the six United States Armed Forces and one of the eight uniformed services of the United States. Tracing its ori ...
(USAF) letter of the requirement for two " off-the-shelf" aircraft, the larger UCX (cargo) and smaller UTX (trainer). These requirements differed from standard USAF procurement contracts in that no formal competitions would occur, and manufacturers were expected to develop the aircraft without government funds; despite this, a substantial USAF purchase would offset the large investment necessary to develop prototypes. Both
Lockheed Corporation
The Lockheed Corporation was an American aerospace manufacturer. Lockheed was founded in 1926 and merged in 1995 with Martin Marietta to form Lockheed Martin. Its founder, Allan Lockheed, had earlier founded the similarly named but otherwise-u ...
and
McDonnell Aircraft
The McDonnell Aircraft Corporation was an American aerospace manufacturer based in St. Louis, Missouri. The company was founded on July 6, 1939, by James Smith McDonnell, and was best known for its military fighters, including the F-4 Phantom II ...
began the development of UCX aircraft, while
North American Aviation
North American Aviation (NAA) was a major American aerospace manufacturer that designed and built several notable aircraft and spacecraft. Its products included the T-6 Texan trainer, the P-51 Mustang fighter, the B-25 Mitchell bomber, the F- ...
gross weight
In science and engineering, the weight of an object is a quantity associated with the gravitational force exerted on the object by other objects in its environment, although there is some variation and debate as to the exact definition.
Some st ...
of , initially powered by two
Turboméca Marboré
Safran Helicopter Engines, previously known as Turbomeca, is a French manufacturer of low- and medium-power gas turbine turboshaft engines for helicopters. The company also produces gas turbine engines for aircraft and missiles, as well as turbi ...
turbojet
The turbojet is an airbreathing jet engine which is typically used in aircraft. It consists of a gas turbine with a propelling nozzle. The gas turbine has an air inlet which includes inlet guide vanes, a compressor, a combustion chamber, and ...
s of thrust, although most aircraft were later upgraded to units. The aircraft seated a single pilot and up to three passengers under a sliding canopy, and was first flown on 29 July 1954; 219 were built.
The Lockheed JetStar, designed to meet USAF UCX requirements and seating 10 passengers and 2 crew, first flew on 4 September 1957. In total, 204 aircraft were produced from 1957 to 1978 powered by several different engines; four
Pratt & Whitney JT12
The Pratt & Whitney JT12 (US military designation J60) is a small turbojet engine. The Pratt & Whitney T73 (Pratt & Whitney JFTD12) is a related turboshaft engine.
Design and development
The J60 conception and project design began in July 1957 ...
maximum take-off weight
The maximum takeoff weight (MTOW) or maximum gross takeoff weight (MGTOW) or maximum takeoff mass (MTOM) of an aircraft
An aircraft ( aircraft) is a vehicle that is able to flight, fly by gaining support from the Atmosphere of Earth, air. I ...
Pratt & Whitney JT12
The Pratt & Whitney JT12 (US military designation J60) is a small turbojet engine. The Pratt & Whitney T73 (Pratt & Whitney JFTD12) is a related turboshaft engine.
Design and development
The J60 conception and project design began in July 1957 ...
turbojet engines then Garrett TFE731s, more than 800 were produced from 1959 to 1982.
Designed in 1957 for the UCX requirement, the McDonnell 119 was delayed by the cancellation of the Fairchild J83 engine program, and first flew on 11 February 1959 powered by four Westinghouse J34 turbojets. The 119 was certified for a MTOW with four Pratt & Whitney JT12 or General Electric CF700 engines, but no firm orders were received, and only the single prototype was completed.
1960s first flight
The MTOW British Aerospace 125 first flew on 13 August 1962 as the de Havilland DH.125, powered by two
Armstrong Siddeley Viper
The Armstrong Siddeley Viper is a British turbojet engine developed and produced by Armstrong Siddeley and then by its successor companies Bristol Siddeley and Rolls-Royce Limited. It entered service in 1953 and remained in use with the Ro ...
turbojets. Its engines were replaced by Garrett TFE731s, then Pratt & Whitney Canada PW300 turbofans. Almost 1,700 aircraft of all variants, including the
Hawker 800
The Hawker 800 is a mid-size twinjet corporate aircraft. It is a development of the British Aerospace 125, and was assembled by Hawker Beechcraft.
Development
In April 1981, the British Aerospace (BAe) board sanctioned the programme to improve t ...
, were produced between 1962 and 2013.
The Aero Commander 1121 Jet Commander, which later became the IAI Westwind, first flew on 27 January 1963, powered by two General Electric CJ610 turbojets, then Garrett TFE731s. Production of Jet Commanders and Westwinds from 1965 to 1987 came to 442 aircraft, and it was developed as the IAI Astra, later rebranded as the Gulfstream G100.
The MTOW
Dassault Falcon 20
The Dassault Falcon 20 is a French business jet developed and manufactured by Dassault Aviation. The first business jet developed by the firm, it became the first of a family of business jets to be produced under the same name; of these, both t ...
first flew on 4 May 1963, powered by two General Electric CF700s, then Garrett ATF3 turbofans and Garrett TFE731s. In total, 508 were built from 1963 to 1988, and it is the basis of the Dassault Falcon family.
The first light jet first flew on 7 October 1963 - the Learjet 23. Powered by two General Electric CJ610s, its MTOW complies with FAR Part 23 regulations. The first member of the
Learjet
Learjet was a manufacturer of business jets for civilian and military use based in Wichita, Kansas, United States. Founded in the late 1950s by William Powell Lear as Swiss American Aviation Corporation, it became a subsidiary of Canadian Bomba ...
family, 104 were built between 1962 and 1966.
The forward wing-sweep, MTOW Hamburger Flugzeugbau HFB 320 Hansa Jet first flew on 21 April 1964, powered by two General Electric CJ610s; 47 were built between 1965 and 1973.
The joint Piaggo-Douglas, MTOW Piaggio PD.808 first flew on 29 August 1964, powered by two
Armstrong Siddeley Viper
The Armstrong Siddeley Viper is a British turbojet engine developed and produced by Armstrong Siddeley and then by its successor companies Bristol Siddeley and Rolls-Royce Limited. It entered service in 1953 and remained in use with the Ro ...
s; 24 were built for the Italian Air Force.
On 2 October 1966 the first large business jet first flew, the MTOW
Grumman Gulfstream II
The Gulfstream II (G-II) is an American twin engine business jet designed and first built by Grumman, then Grumman American and finally Gulfstream American. It was succeeded by the Gulfstream III. The first Gulfstream II flew on October 2, 1966 ...
, powered by two
Rolls-Royce Spey
The Rolls-Royce Spey (company designations RB.163 and RB.168 and RB.183) is a low-bypass turbofan engine originally designed and manufactured by Rolls-Royce that has been in widespread service for over 40 years. A co-development version of the ...
turbofans. From 1967 to the late 1970s, 258 were built, and it led to the ongoing
Gulfstream Aerospace
Gulfstream Aerospace Corporation is an American aircraft company and a subsidiary of General Dynamics.
Gulfstream designs, develops, manufactures, markets, and services business jet aircraft. Gulfstream has produced more than 2,000 aircraft sinc ...
long-range family.
The MTOW Cessna Citation I first flew on 15 September 1969, powered by two Pratt & Whitney Canada JT15D turbofans. Produced between 1969 and 1985, for a total of 689 examples, it is the first of the
Cessna Citation family
The Cessna Citation is a family of business jets manufactured by Cessna that entered service in 1972. In the fifty years following the type's first flight in 1969, more than 7,500 Citations were delivered, forming the largest business jet flee ...
.
1970s first flight
The trijet Dassault Falcon 50 made its first flight on 7 November 1976. The MTOW airplane is powered by three TFE731 engines. With the cross-section of the Falcon 20, it is the basis of the larger
Falcon 900
The Dassault Falcon 900, commonly abbreviated as the F900, is a French-built corporate trijet aircraft made by Dassault Aviation.
Development
The Falcon 900 is a development of the Dassault Falcon 50, Falcon 50, itself a development of the e ...
.
On 8 November 1978, the prototype Canadair Challenger took off. The MTOW craft, usually powered by two
General Electric CF34
The General Electric CF34 is a civilian high-bypass turbofan developed by GE Aviation from its TF34 military engine. The CF34 is used on a number of business and regional jets, including the Bombardier CRJ series, the Embraer E-Jets, and ...
s, formed the basis of the long range
Bombardier Global Express
The Bombardier Global Express is a large cabin, long-range business jet designed and manufactured by Bombardier Aviation.
Announced in October 1991, it first flew in October 1996, received its Canadian type certification in July 1998 and ente ...
family and of the
Bombardier CRJ
The Bombardier CRJ/Mitsubishi CRJ or CRJ Series (for Canadair Regional Jet) is a family of regional jets introduced in 1991 by Bombardier Aerospace. The CRJ was manufactured by Bombardier Aerospace with the manufacturing of the first CRJ gene ...
regional airliners. The 1000th Challenger entered service in 2015.
On 30 May 1979 the all-new MTOW Cessna Citation III took off for the first time, powered by two TFE731s.
The Mitsubishi MU-300 Diamond made its first flight on 29 August 1978. The MTOW jet was powered by two JT15D. The design was later sold and was renamed Beechjet 400 then Hawker 400, with a total of 950 produced of all variants.
1980s first flight
The 1980s only saw the introduction of derivatives and no major new designs. The late 1980s saw the advent of fractional ownership for business jets. For much of the 1980s, sales of new aircraft slumped.
1990s first flight
On 29 April 1991, the
Cessna CitationJet
The Cessna CitationJet/CJ/M2 (also known as the Model 525) are a series of light business jets built by Cessna, and are part of the Citation family.
Launched in October 1989, the first flight of the Model 525 was on April 29, 1991. Federal Avi ...
was first flown. Powered by two Williams FJ44 engines, the light jet used a modified Citation II fuselage with a new wing and tail, and was subsequently developed into the CJ series and M2, ultimately replacing the Citation I, Citation II and Citation V series. The 2,000th CitationJet was delivered in 2017.
The first flight of the all-new Learjet 45 was on 7 October 1995. All of the 642 aircraft built since then have been powered by two TFE731 engines.
Powered by two Williams FJ44s, the Beechcraft Premier I light jet made its first flight on 22 December 1998. Nearly 300 had been made before production stopped in 2013.
2000s first flight
In the opposite way compared to Bombardier, which developed airliners from a business jet, Embraer derived the Legacy 600 from the Embraer ERJ family of regional jet airliners. Powered by two Rolls-Royce AE 3007s, the first flight of the aircraft was on 31 March 2001.
On 14 August 2001, the Bombardier Challenger 300 made its first flight. The aircraft is powered by two HTF7000s. The 500th example was delivered in 2015.
The first very light jet, the MTOW
Eclipse 500
The Eclipse 500 (model EA500) is a very light jet (VLJ) originally produced by Eclipse Aviation of Albuquerque, New Mexico, United States.
The company was founded in 1998 to develop the 1997 Williams V-Jet II demonstrator.
The prototype first ...
, took off for the first time on 26 August 2002, powered by two Pratt & Whitney Canada PW600s. Between then and the end of production in 2008, 260 were produced.
Another new small jet, the Honda HA-420 HondaJet, first flew on 3 December 2003 powered by two GE Honda HF120 engines mounted above the wing in a configuration unique amongst business jets. As of March 2020, 150 had been delivered.
It was followed by the MTOW Cessna Citation Mustang on 23 April 2005, powered by two Pratt & Whitney Canada PW600s and with more than 450 produced.
The Embraer Phenom 100 made its maiden flight on 26 July 2007. The MTOW airplane is powered by two Pratt & Whitney Canada PW600s. With its Phenom 300 development, nearly 600 have been built.
2010s first flight
The first flight of the midsize,
fly-by-wire
Fly-by-wire (FBW) is a system that replaces the conventional aircraft flight control system#Hydro-mechanical, manual flight controls of an aircraft with an electronic interface. The movements of flight controls are converted to electronic sig ...
political instability
Political decay is a political theory, originally described in 1965 by Samuel P. Huntington, which describes how chaos and disorder can arise from social modernization increasing more rapidly than political and institutional modernization. Huntin ...
but the industry hopes to revive demand by introducing more attractive and competitive new models, four in 2018:
* the range Bombardier Global 7500 large-cabin jet, before the Global 8000 in 2019;
* the large-cabin
Gulfstream G500
The Gulfstream G400, G500, and G600 (GVII) are American twin-engine business jets designed and produced by Gulfstream Aerospace.
The aircraft are designated ''Gulfstream GVII-G500'' and ''GVII-G600'' in their type certificate.
The two larger ...
jet engine
A jet engine is a type of reaction engine, discharging a fast-moving jet (fluid), jet of heated gas (usually air) that generates thrust by jet propulsion. While this broad definition may include Rocket engine, rocket, Pump-jet, water jet, and ...
s as a compromise between the operating economy of fewer engines and the ability to safely continue flight after an engine failure. Exceptions include the early Lockheed JetStar with four engines; the Dassault Falcon 50 and derivatives with three; and the
Cirrus Vision SF50
The Cirrus Vision SF50, also known as the Vision Jet, is a single-engine very light jet designed and produced by Cirrus Aircraft of Duluth, Minnesota, United States.
After receiving deposits starting in 2006, Cirrus unveiled an aircraft mock- ...
with one, a configuration also used in several similar very light jet design concepts. Most business jets use
podded engine
A podded engine is a jet engine that has been built up and integrated in its nacelle. This may be done in a podding facility as part of an aircraft assembly process. The nacelle contains the engine, engine mounts and parts which are required to ...
s mounted on the rear fuselage with a
cruciform tail
The cruciform tail is an aircraft empennage configuration which, when viewed from the aircraft's front or rear, looks much like a cross. The usual arrangement is to have the tailplane, horizontal stabilizer intersect the vertical tail somewhere ...
or
T-tail
A T-tail is an empennage wikt:configuration, configuration in which the tailplane of an aircraft is mounted to the top of the vertical stabilizer, fin. The arrangement looks like the capital letter T, hence the name. The T-tail differs fr ...
to reduce interference drag and increase exhaust clearance. Practical limits on the ground clearance of these smaller aircraft have prompted designers to avoid the common
jetliner
A jet airliner or jetliner is an airliner powered by jet engines (passenger jet aircraft). Airliners usually have two or four jet engines; three-engined designs were popular in the 1970s but are less common today. Airliners are commonly cla ...
configuration of a low wing with underslung podded engines. The sole business jet to use this layout, the early McDonnell 119, was rejected by the USAF due to foreign object damage concerns, leading to the failure of the program. The recent HondaJet uses wing-mounted engines but mitigates this problem with its unique over-the-wing engine pods.
As with jetliners,
swept wing
A swept wing is a wing angled either backward or occasionally forward from its root rather than perpendicular to the fuselage.
Swept wings have been flown since the pioneer days of aviation. Wing sweep at high speeds was first investigated in Ge ...
s are often used to increase cruise speed, but straight wings are also commonplace; notably, Cessna deliberately prioritized docile low-speed handling in choosing straight wings for many models in its popular Citation family, envisioning that owners transitioning from slower
piston engine
A reciprocating engine, more often known as a piston engine, is a heat engine that uses one or more Reciprocating motion, reciprocating pistons to convert high temperature and high pressure into a Circular motion, rotating motion. This article ...
d or
turboprop
A turboprop is a Gas turbine, gas turbine engine that drives an aircraft Propeller (aeronautics), propeller.
A turboprop consists of an intake, reduction drive, reduction gearbox, gas compressor, compressor, combustor, turbine, and a propellin ...
aircraft would want to maintain the ability to use relatively short runways, and that lower approach speeds would ease single-pilot operations, particularly by relatively inexperienced owner-pilots.
Rolls-Royce plc
Rolls-Royce Holdings plc is a British multinational aerospace and defence company incorporated in February 2011. The company owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for ...
powers over 3,000 business jets, 42% of the fleet: all the
Gulfstream
The Gulf Stream is a warm Atlantic Ocean current.
Gulf Stream or Gulfstream may also refer to:
Businesses
*Gulf Stream Hotel, an historic hotel in Lake Worth Beach, Florida
*Gulfstream Aerospace, manufacturer of private jet aircraft
*Gulfstream C ...
s and
Bombardier Global
The Bombardier Global Express is a large cabin, long-range business jet designed and manufactured by Bombardier Aviation.
Announced in October 1991, it first flew in October 1996, received its Canadian type certification in July 1998 and enter ...
s, the
Cessna Citation X
The Cessna 750 Citation X is an American mid-size business jet produced by Cessna; it is part of the Cessna Citation family, Citation family.
Announced at the October 1990 National Business Aviation Association, NBAA convention, the Model 750 m ...
About 70% of the fleet was in North America at the end of 2011, the European market is the next largest, with growing activity in the Middle East, Asia, and Central America.
On 1 April 2017, there were 22,368 business jets in the worldwide fleet, of which 11.2% were for sale.
By October 2018, the entire private jet fleet was dominated by
Textron
Textron Inc. is an American industrial Conglomerate (company), conglomerate based in Providence, Rhode Island. Textron's subsidiaries include Arctic Cat, Bell Textron, Kautex, Textron Aviation (which itself includes the Beechcraft and Cessna b ...
(
Beechcraft
Beechcraft is an American brand of civil aviation and Military aircraft, military aircraft owned by Textron Aviation since 2014, headquartered in Wichita, Kansas. Originally, it was a brand of Beech Aircraft Corporation, an American manufacture ...
,
Cessna
Cessna () is an American brand of general aviation aircraft owned by Textron Aviation since 2014, headquartered in Wichita, Kansas. Originally, it was a brand of the Cessna Aircraft Company, an American general aviation aircraft manufactu ...
and Hawker branded aircraft) with 43.9%, then Bombardier with 22.4%, Gulfstream with 13.0%, Dassault with 9.6% and Embraer with 5.8%, mostly in North America (64.6%), followed by Europe (13.0%) South America (12.1%) and Asia-Pacific (5.9%).
As on March 31, 2019, there are 22,125 business jets in the worldwide fleet and top 20 country markets account for 89% of this total fleet.
Market shares
In 2015 the total airplane billing amounted to US$21.9 billion, and 718 business jets were delivered to customers across the globe: 199 (%) by
Bombardier Aerospace
Bombardier Aviation, a division of Bombardier Inc., is headquartered in Dorval, Quebec, Canada. The company currently produces the Global and Challenger series of business jets.
At its peak, Bombardier operated manufacturing plants in 27 c ...
, 166 (%) by
Textron Aviation
Textron Aviation Inc. is the general aviation business unit of the conglomerate Textron that was formed in March 2014 following the acquisition of Beech Holdings which included the Beechcraft and Hawker Aircraft businesses. The new business uni ...
, 154 (%) by
Gulfstream Aerospace
Gulfstream Aerospace Corporation is an American aircraft company and a subsidiary of General Dynamics.
Gulfstream designs, develops, manufactures, markets, and services business jet aircraft. Gulfstream has produced more than 2,000 aircraft sinc ...
, 120 (%) by
Embraer
Embraer S.A. () is a Brazilian multinational aerospace corporation. It develops and manufactures aircraft and aviation systems, and provides leasing, equipment, and technical support services. Embraer is the third largest producer of civil air ...
and 55 (%) by
Dassault Aviation
Dassault Aviation SA () is a French Aerospace manufacturer, manufacturer of military aircraft and business jets. It was founded in 1929 by Marcel Dassault, Marcel Bloch as Société des Avions Marcel Bloch (Marcel Bloch Aircraft Company). After ...
.
In 2017, 676 business jets were shipped, led by Gulfstream with $6.56 billion for 120 aircraft, Bombardier with $5.2 billion for 140, Textron with $2.87 billion (including propeller aircraft and jets), Dassault with $2.42 billion for 49 and Embraer with $1.35 billion for 109.
In 2022, 712 business jets were shipped, led by Gulfstream with $6.60 billion for 120 aircraft, Bombardier with $6,04 billion for 123, Textron Aviation with $3,62 billion, Dassault Aviation with $1,76 billion for 32, Embraer with $1,36 for 102 and Pilatus with $900 million for 123 aircraft.
Second hand
The residual value level for a five-year old aircraft is at 56% of the list price.
A new
business aircraft
Business aircraft are aircraft typically used by companies and corporations to transport people or goods related to the needs of said businesses. Most business aircraft are general aviation aircraft variants of piston or turboprop or busin ...
typically depreciates by 50% in five years before
depreciation
In accountancy, depreciation refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation i ...
flattens between years 10 and 15, and the owner of a 15-to-20 year old aircraft is often the last, matching
luxury car
A luxury car is a passenger automobile providing superior comfort levels, features, and equipment. More expensive materials and surface finishes are used, and buyers expect a correspondingly high quality (business), build quality.
The term is ...
s.
Business jets have varying value retention, between the leading Embraer Phenom 300E, sold for $9.45 million in 2018 and expected to retain 68% of its value 15 years later for $6.46 million in 2033, and the trailing $24.5 million Gulfstream G280, predicted to retain 42% of its value for $10.25 million.
Forecasts
In October 2017 Jetcraft forecast 8,349 unit deliveries in the next decade for $252 billion, a $ million average. Cessna should lead the numbers with 27.3% of the deliveries ahead of Bombardier with 20.9%, while Gulfstream would almost lead the revenue market share with 27.8% trailing Bombardier with 29.2%.
For 2016–2025, Jetcraft forecast
Pratt & Whitney Canada
Pratt & Whitney Canada (PWC or P&WC) is a Canada-based aircraft engine manufacturer. PWC's headquarters are in Longueuil, Quebec, south of Montreal. It is a division of the larger US-based Pratt & Whitney (P&W), itself a business unit of RTX ...
should be the first engine supplier with 30% of the $24 billion revenue, in front of the current leader
Rolls-Royce
Rolls-Royce (always hyphenated) may refer to:
* Rolls-Royce Limited, a British manufacturer of cars and later aero engines, founded in 1906, now defunct
Automobiles
* Rolls-Royce Motor Cars, the current car manufacturing company incorporated in ...
at 25%. Honeywell will hold 45% of the $16 billion in
avionics
Avionics (a portmanteau of ''aviation'' and ''electronics'') are the Electronics, electronic systems used on aircraft. Avionic systems include communications, Air navigation, navigation, the display and management of multiple systems, and the ...
revenue ahead of
Rockwell Collins
Rockwell Collins, Inc. was a multinational corporation headquartered in Cedar Rapids, Iowa, providing avionics and information technology systems and services to government agencies and aircraft manufacturers. It was formed when the Collins Radi ...
with 37% and
Garmin
Garmin Ltd. is an American multinational technology company based in Olathe, Kansas. The company designs, develops, manufactures, markets, and distributes GPS-enabled products and other navigation, communication, sensor-based, and information ...
.
For 2019–2028,
Honeywell
Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building automation, industrial automa ...
predicts 7,700 aircraft to be delivered for $251 billion. Its breakdown is 62% big (87% in value) – super-midsize to business liner, 10% midsize (7% in value) – light-medium to medium, and 28% small (6% in value). The global demand is expected to come from North America for 61%, 16% from Europe, 12% from Latin America, 7% from Asia-Pacific and 4% from Middle East and Africa.
For the next decade, ''
Aviation Week
''Aviation Week & Space Technology'', often abbreviated ''Aviation Week'' or ''AW&ST'', is the flagship magazine of the Aviation Week Network, a division of Informa. The weekly magazine is available in print and online, reporting on the aeros ...
'' predicts 8,683 business jets and 2,877 turboprops deliveries, from 792 jets in 2019 to 917 in 2028, and mostly in North America with 5,986 jets and 2,024 turboprops worth $126.1 billion.
Most value will come from ultra-long-range jets with $104.7 billion, followed by super-midsize jets for $33.3 billion and large jets for $30.6 billion.
The fleet was predicted to grow from 31,300 aircraft to nearly 35,600 with Textron leading the market with 25% of deliveries worth $32.1 billion.
For the decade starting in 2018, 22,190 engine deliveries were forecast (including several
turboprop
A turboprop is a Gas turbine, gas turbine engine that drives an aircraft Propeller (aeronautics), propeller.
A turboprop consists of an intake, reduction drive, reduction gearbox, gas compressor, compressor, combustor, turbine, and a propellin ...
Pratt & Whitney Canada
Pratt & Whitney Canada (PWC or P&WC) is a Canada-based aircraft engine manufacturer. PWC's headquarters are in Longueuil, Quebec, south of Montreal. It is a division of the larger US-based Pratt & Whitney (P&W), itself a business unit of RTX ...
Dassault Falcon 7X
The Dassault Falcon 7X is a large-cabin, range business jet manufactured by Dassault Aviation. Unveiled at the 2001 Paris Air Show, its first flight took place on 5 May 2005 and it entered service on 15 June 2007. The Falcon 8X, first delivered ...
and
Dassault Falcon 8X
The Dassault Falcon 7X is a large-cabin, range business jet manufactured by Dassault Aviation. Unveiled at the 2001 Paris Air Show, its first flight took place on 5 May 2005 and it entered service on 15 June 2007. The Falcon 8X, first delivered ...
trijets and Dassault Falcon 2000 twinjet.
The 10,000–20,000 lbf (45–89 kN) PW800 was launched in 2008 but was selected for the Cessna Citation Columbus, cancelled a year after. It was then chosen for the
Gulfstream G500/G600
The Gulfstream G400, G500, and G600 (GVII) are American twin-engine business jets designed and produced by Gulfstream Aerospace.
The aircraft are designated ''Gulfstream GVII-G500'' and ''GVII-G600'' in their type certificate.
The two larger ...
launched in 2014 and due to enter service in 2018/2019, and picked in 2018 for the Dassault Falcon 6X 2021 first flight.
The Safran Silvercrest was rejected for the cancelled Falcon 5X, it is still selected for the Cessna Citation Hemisphere, but the aircraft development is suspended until the turbofan is perfected.
GE Aviation
General Electric Company, doing business as GE Aerospace, is an American aircraft engine supplier that is headquartered in Evendale, Ohio, outside Cincinnati. It is the legal successor to the original General Electric Company founded in 1892, wh ...
produces the
Passport
A passport is an official travel document issued by a government that certifies a person's identity and nationality for international travel. A passport allows its bearer to enter and temporarily reside in a foreign country, access local aid ...
Rolls-Royce plc
Rolls-Royce Holdings plc is a British multinational aerospace and defence company incorporated in February 2011. The company owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for ...
was revealed as the engine supplier for the
Global
Global may refer to:
General
*Globe, a spherical model of celestial bodies
*Earth, the third planet from the Sun
Entertainment
* ''Global'' (Paul van Dyk album), 2003
* ''Global'' (Bunji Garlin album), 2007
* ''Global'' (Humanoid album), 198 ...
5500/6500 with the
Rolls-Royce Pearl
The Rolls-Royce BR700 is a family of turbofan engines for regional jets and corporate jets. It is manufactured in Dahlewitz, Germany, by Rolls-Royce Deutschland: this was initially a joint venture of BMW and Rolls-Royce plc established in 1990 t ...
Gulfstream G650
The Gulfstream G650, G700, and G800 are large Business jet, business jets produced by the American company Gulfstream Aerospace.BR725.
The AE3007C powered
Cessna Citation X
The Cessna 750 Citation X is an American mid-size business jet produced by Cessna; it is part of the Cessna Citation family, Citation family.
Announced at the October 1990 National Business Aviation Association, NBAA convention, the Model 750 m ...
Dassault Falcon 900
The Dassault Falcon 900, commonly abbreviated as the F900, is a French-built corporate trijet aircraft made by Dassault Aviation.
Development
The Falcon 900 is a development of the Dassault Falcon 50, Falcon 50, itself a development of the e ...
Cirrus Vision SF50
The Cirrus Vision SF50, also known as the Vision Jet, is a single-engine very light jet designed and produced by Cirrus Aircraft of Duluth, Minnesota, United States.
After receiving deposits starting in 2006, Cirrus unveiled an aircraft mock- ...
single-engine business jet.
Operators
There are three basic types of operators that own, manage and operate private jets.
Flight departments
Flight departments are corporate-owned operators that manage the aircraft of a specific company.
Ford Motor Company
Ford Motor Company (commonly known as Ford) is an American multinational corporation, multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. T ...
,
Chrysler
FCA US, LLC, Trade name, doing business as Stellantis North America and known historically as Chrysler ( ), is one of the "Big Three (automobile manufacturers), Big Three" automobile manufacturers in the United States, headquartered in Auburn H ...
, and
Altria
Altria Group, Inc. (previously known as Philip Morris Companies, Inc. until 2003) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes, and medical products in the treatment of illnesses ca ...
are examples of companies that own, maintain and operate their own fleet of private aircraft for their employees. Flight departments handle all aspects of aircraft operation and maintenance. In the United States, flight-department aircraft operate under FAR 91 operating rules.
A 2010 study by the United States
National Business Aviation Association
The National Business Aviation Association (NBAA) is a professional association and lobbying group for private business aviation.
Overview
NBAA is set up as a 501(c)(6) non-profit entity. NBAA organizes conferences and seminars.
Edward M. ...
found that small and midsize companies that use private jets produce a 219% higher earnings growth rate than those that strictly use airlines.
Charter companies
Charter operators own or manage private jets for multiple clients. Like traditional flight departments, charter companies handle all aspects of aircraft operation and maintenance. However, they are not aligned with just one corporation. They manage aircraft for a private owner or corporation and also handle the sales of available flight time on the aircraft they own or manage. Maintenance services can also be provided.
In the United States, business aircraft may be operated under either FAR 91 as private operations for the business purposes of the owner, or under FAR 135 of the Federal Aviation Regulations as commercial operations for the business purposes of a third party. One common arrangement for operational flexibility purposes is for the aircraft's owner to operate the aircraft under FAR 91 when needed for its own purposes, and to allow a third-party charter-manager to operate it under FAR 135 when the aircraft is needed for the business purposes of third parties (such as for other entities within the corporate group of the aircraft's owner).
Aircraft charter brokers have entered the marketplace through the ease of setting up a website and business online. Aircraft charter operators are legally responsible for the safe operation of aircraft and charter brokers require no economic authority and are largely unregulated. The Department of Transportation requires that air charter brokers disclose to the consumer that they do not operate aircraft and cannot use terms like "our fleet of aircraft", "we operate", "our charter service" and others.
Fractional ownership
Since 1996 the term "fractional jet" has been used in connection with business aircraft owned by a consortium of companies. Under such arrangements, overhead costs such as
flight crew
Aircrew are personnel who operate an aircraft while in flight. The composition of a flight's crew depends on the type of aircraft, plus the flight's duration and purpose.
Commercial aviation
Flight deck positions
In commercial aviation, ...
, hangarage and maintenance are split among the users.
Fractional ownership of aircraft involves an individual or corporation that pays an upfront equity share for the cost of an aircraft. If four parties are involved, a partner would pay one-fourth of the aircraft price (a "quarter share"). That partner is now an equity owner in that aircraft and can sell the equity position if necessary. This also entitles the new owner to a certain number of hours of flight time on that aircraft, or any comparable aircraft in the fleet. Additional fees include monthly management fees and incidentals such as catering and ground transportation. In the United States, fractional-ownership operations may be regulated by either FAA part 91 or part 135.
Buying blocks of time in predetermined increments involves buying blocks of time in hours. This model usually depends on how many flight hours a client will be needing. Pay as you fly resembles the business model used by
commercial airline
An airline is a company that provides air transport services for traveling passengers or freight (cargo). Airlines use aircraft to supply these services and may form partnerships or alliances with other airlines for codeshare agreements, in ...
s where a client only pays for a flight they use. The downside to this model is that clients find it difficult to secure flights because most private flights are usually booked in advance.
Paying a flat rate for unlimited usage as the name implies, uses a business model where clients pay a flat rate, and then the jet is made available to them for the duration that payment lasts. This model makes it possible for a client to pay a certain amount for unlimited access and usage to a jet, or a fleet of jets for the duration. This model has been discontinued by most private jet hire companies because clients have exploited the usage in the past. This model now employs a fair usage policy.
Surveillance
With smaller equipment, long-range business aircraft can be modified as
surveillance aircraft
Surveillance aircraft are aircraft used for surveillance. They are primarily operated by military forces and government agencies in roles including intelligence gathering, maritime patrol, battlefield and airspace surveillance, observation (e. ...
to perform specialized missions cost-effectively, from ground surveillance to maritime patrol:
* The , 6,000 nmi
Bombardier Global 6000
The Bombardier Global Express is a large cabin, long-range business jet designed and manufactured by Bombardier Aviation.
Announced in October 1991, it first flew in October 1996, received its Canadian type certification in July 1998 and ente ...
Elint
Signals intelligence (SIGINT) is the act and field of intelligence-gathering by interception of ''signals'', whether communications between people (communications intelligence—abbreviated to COMINT) or from electronic signals not directly u ...
/
Sigint
Signals intelligence (SIGINT) is the act and field of intelligence-gathering by interception of ''signals'', whether communications between people (communications intelligence—abbreviated to COMINT) or from electronic signals not directly u ...
for the
United Arab Emirates
The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab E ...
; it is also the base for the proposed
Saab AB
Saab AB (originally , , acronym SAAB), with subsidiaries collectively known as the Saab Group (), is a Swedish aerospace and defense company, defence company primarily operating from Sweden. The company is headquartered in Stockholm, but its de ...
Swordfish MPA and the USAF
Lockheed Martin
The Lockheed Martin Corporation is an American Arms industry, defense and aerospace manufacturer with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta on March 15, 1995. It is headquartered in North ...
J-Stars Recap battlefield-surveillance program, while IAI's ELI-3360
MPA
MPA or mPa may refer to:
Academia
Academic degrees
* Master of Performing Arts
* Master of Professional Accountancy
* Master of Public Administration
* Master of Public Affairs
Schools
* Mesa Preparatory Academy
* Morgan Park Academy
* M ...
is based on the Global 5000;
* The , 6,750 nmi
Gulfstream G550
The Gulfstream G550 is an American business jet aircraft produced by the General Dynamics' Gulfstream Aerospace unit in Savannah, Georgia, US. The certification designation is GV-SP. A version with reduced fuel capacity was marketed as the G50 ...
was selected for the IAI EL/W-2085 Conformal Airborne Early Warning
AESA radar
An active electronically scanned array (AESA) is a type of phased array antenna, which is a computer-controlled antenna array in which the beam of radio waves can be electronically steered to point in different directions without moving the ant ...
for Italy, Singapore and Israel (which also has IAI Sigint G550s) while L3 Technologies transfers the U.S. Compass Call electronic-attack system to the G550 CAEW-based EC-37B, like the NC-37B range-support aircraft, and will modify others for Australia's program,
Northrop Grumman
Northrop Grumman Corporation is an American multinational Aerospace manufacturer, aerospace and Arms industry, defense company. With 97,000 employees and an annual revenue in excess of $40 billion, it is one of the world's largest Arms industry ...
proposes the G550 for the J-Stars Recap;
* Dassault Aviation developed the Falcon 900 MPA and Falcon 2000 Maritime Multirole Aircraft for France (which delayed its Avsimar requirement), South Korea and the
Japan Coast Guard
The is the coast guard responsible for the protection of the Geography of Japan#Composition, topography and geography, coastline of Japan under the oversight of the Ministry of Land, Infrastructure, Transport and Tourism. It consists of about ...
with a mission system developed with L3 and
Thales Group
Thales S.A., Trade name, trading as Thales Group (), is a French multinational corporation, multinational aerospace and defence industry, defence corporation specializing in electronics. It designs, develops and manufactures a wide variety of aer ...
;
* Embraer delivered several EMB-145s as a platform for AEW&C, MPA and multi-
intelligence
Intelligence has been defined in many ways: the capacity for abstraction, logic, understanding, self-awareness, learning, emotional knowledge, reasoning, planning, creativity, critical thinking, and problem-solving. It can be described as t ...
;
Classes
Business jets can be categorized according to their size.
Very light jets
The very light jet (VLJ) is a classification initiated by the release of the
Eclipse 500
The Eclipse 500 (model EA500) is a very light jet (VLJ) originally produced by Eclipse Aviation of Albuquerque, New Mexico, United States.
The company was founded in 1998 to develop the 1997 Williams V-Jet II demonstrator.
The prototype first ...
, on 31 December 2006, which was originally available at around US$1.5 million, cheaper than existing business jets and comparable with turboprop aircraft. Its introduction coincided with a
speculative bubble
Speculative may refer to:
In arts and entertainment
*Speculative art (disambiguation)
*Speculative fiction, which includes elements created out of human imagination, such as the science fiction and fantasy genres
** Speculative Fiction Group, a Pe ...
for
air taxi
An air taxi is a small commercial aircraft that makes short flights on demand.
History
The concept of air taxis existed as early as the 1910s. This concept goes back as early as 1917 with Glenn Curtiss’ prototype, the auto-plane. Furthermor ...
services, exemplified by
DayJet
DayJet was an American commercial aviation operation that provided on-demand jet travel using Eclipse 500 very light jets. Founded by Ed Iacobucci, the former leader of the IBM-Microsoft Joint OS/2 development team IBM executive and the fou ...
, which ceased operations in September 2008. Eclipse Aviation failed to sustain its business model and filed for bankruptcy in February 2009.
A
MTOW
The maximum takeoff weight (MTOW) or maximum gross takeoff weight (MGTOW) or maximum takeoff mass (MTOM) of an aircraft, also known as the maximum structural takeoff weight or maximum structural takeoff mass, is the maximum weight at which the p ...
Popular Mechanics
''Popular Mechanics'' (often abbreviated as ''PM'' or ''PopMech'') is a magazine of popular science and technology, featuring automotive, home, outdoor, electronics, science, do it yourself, and technology topics. Military topics, aviation an ...
in 2007, or
GlobalSecurity.org
GlobalSecurity.org is an American independent, nonpartisan, nonprofit organization that serves as a think tank, and research and consultancy group.
Focus
The site is focused on national and international security issues; military analysis, sys ...
.
Cessna
Cessna () is an American brand of general aviation aircraft owned by Textron Aviation since 2014, headquartered in Wichita, Kansas. Originally, it was a brand of the Cessna Aircraft Company, an American general aviation aircraft manufactu ...
simultaneously developed the Citation Mustang, a six-place twinjet (2 crew + 4 passengers), followed by the Embraer Phenom 100 and the Honda Jet. They have a maximum takeoff weight lighter than the FAR Part 23 limit, and are approved for single-pilot operation. They typically accommodate 6–7 passengers over a nmi average range, with a $ million mean price.
Light jets
Light jets have been a staple of the business jet industry since the advent of the Learjet 23 in the early 1960s. They provide access to small airports and the speed to be an effective air travel tool. Aircraft of this class include:
* Beechcraft Premier
*
Cessna CitationJet
The Cessna CitationJet/CJ/M2 (also known as the Model 525) are a series of light business jets built by Cessna, and are part of the Citation family.
Launched in October 1989, the first flight of the Model 525 was on April 29, 1991. Federal Avi ...
These aircraft are suitable for longer-range travel such as transcontinental flights and for travel with larger passenger capacity requirements. Aircraft of this class include:
* Citation Excel/XLS(+),
*
Hawker 800
The Hawker 800 is a mid-size twinjet corporate aircraft. It is a development of the British Aerospace 125, and was assembled by Hawker Beechcraft.
Development
In April 1981, the British Aerospace (BAe) board sanctioned the programme to improve t ...
Learjet 60
The Learjet 60 is a mid-size cabin, medium-range business jet aircraft manufactured by Bombardier Aerospace in Wichita, Kansas. Powered by two Pratt & Whitney Canada PW305A engines, it has a range (with 4 passengers and 2 crew) of with NBAA ...
.
They typically accommodate 9 passengers over a nmi average range, with a $ million mean price.
Super mid-size jets
Super mid-size jets feature wide-body cabin space, high-altitude capability, speed, and long range. These jets combine transatlantic capability with the speed and comfort of a wide-body, high-altitude aircraft. Aircraft of this class include:
* Bombardier Challenger 300/350
* Cessna Citation Sovereign
*
Cessna Citation X
The Cessna 750 Citation X is an American mid-size business jet produced by Cessna; it is part of the Cessna Citation family, Citation family.
Announced at the October 1990 National Business Aviation Association, NBAA convention, the Model 750 m ...
Dassault Falcon 900
The Dassault Falcon 900, commonly abbreviated as the F900, is a French-built corporate trijet aircraft made by Dassault Aviation.
Development
The Falcon 900 is a development of the Dassault Falcon 50, Falcon 50, itself a development of the e ...
* Embraer Legacy 600/650
They typically accommodate 13–14 passengers over a 4,000 nmi average range, with a $ million mean price.
Long range jets
*
Dassault Falcon 7X
The Dassault Falcon 7X is a large-cabin, range business jet manufactured by Dassault Aviation. Unveiled at the 2001 Paris Air Show, its first flight took place on 5 May 2005 and it entered service on 15 June 2007. The Falcon 8X, first delivered ...
*
Bombardier Global Express
The Bombardier Global Express is a large cabin, long-range business jet designed and manufactured by Bombardier Aviation.
Announced in October 1991, it first flew in October 1996, received its Canadian type certification in July 1998 and ente ...
/5000/6000
*
Gulfstream IV
The Gulfstream IV (or G-IV or GIV) and derivatives are a family of twinjet aircraft, mainly for private or Business jet, business use. They were designed and built by Gulfstream Aerospace, a General Dynamics company based in Savannah, Georgia, ...
/G350/G450
*
Gulfstream V
The Gulfstream V (Model GV, pronounced "G-five") is a large, long-range business jet aircraft produced by Gulfstream Aerospace, derived from the previous Gulfstream IV. It flies up to , up to and has a range. It typically accommodates four c ...
/G500/G550
*
Gulfstream G650
The Gulfstream G650, G700, and G800 are large Business jet, business jets produced by the American company Gulfstream Aerospace.G650ER has the widest cabin yet but should be joined by the Falcon 5X (a Global 5000/G500 competitor) and its replacement, and the Citation Hemisphere in 2021; at , the Global 7000/8000 is wider than the Global 5000/6000, the same as the
Gulfstream G500/G600
The Gulfstream G400, G500, and G600 (GVII) are American twin-engine business jets designed and produced by Gulfstream Aerospace.
The aircraft are designated ''Gulfstream GVII-G500'' and ''GVII-G600'' in their type certificate.
The two larger ...
Dassault Falcon 8X
The Dassault Falcon 7X is a large-cabin, range business jet manufactured by Dassault Aviation. Unveiled at the 2001 Paris Air Show, its first flight took place on 5 May 2005 and it entered service on 15 June 2007. The Falcon 8X, first delivered ...
is wide and the G450/G550 .
VIP airliners
''Business airliner'' can be contracted as ''bizliner''.
Airliner
An airliner is a type of airplane for transporting passengers and air cargo. Such aircraft are most often operated by airlines. The modern and most common variant of the airliner is a long, tube shaped, and jet powered aircraft. The largest ...
s converted into business jets are used by sports teams or VIPs with a large entourage or press corps. Such airplanes can face operational restrictions based on runway length or local noise restrictions. They can be the most expensive type of private jet as they provide the greatest space and capabilities.
Aircraft of this class include:
* Airbus Corporate Jets
*
Boeing Business Jet
A Boeing Business Jet (BBJ) is a version of a Boeing Commercial Airplanes, Boeing jet airliner with modifications to serve the private, head of state, and corporate jet market. The first BBJ, based on the 737-700, rolled out on July 26, 1998; a ...
Calculations suggest that people traveling in their own private jets leave a disproportionate
carbon footprint
A carbon footprint (or greenhouse gas footprint) is a calculated value or index that makes it possible to compare the total amount of greenhouse gases that an activity, product, company or country Greenhouse gas emissions, adds to the atmospher ...
relative to those who use commercial jetliners or other means of travel. Some individuals travel over annually, generating thousands of tons of emissions.
Tracking projects
As a reaction to the disproportionate emission of
greenhouse gases
Greenhouse gases (GHGs) are the gases in the atmosphere that raise the surface temperature of planets such as the Earth. Unlike other gases, greenhouse gases absorb the radiations that a planet emits, resulting in the greenhouse effect. T ...
by private jets, projects dedicated to tracking the movement of these airplanes in general, as well as the jets owned by specific celebrities, politicians, entrepreneuers and elite groups, have gained widespread attention by the internet public and the media. The programmer Jack Sweeney became known for his various social media accounts that track jets owned by individuals such as
Taylor Swift
Taylor Alison Swift (born December 13, 1989) is an American singer-songwriter. Known for her autobiographical songwriting, artistic versatility, and Cultural impact of Taylor Swift, cultural impact, Swift is one of the Best selling artists, w ...
,
Elon Musk
Elon Reeve Musk ( ; born June 28, 1971) is a businessman. He is known for his leadership of Tesla, SpaceX, X (formerly Twitter), and the Department of Government Efficiency (DOGE). Musk has been considered the wealthiest person in th ...
,
Jeff Bezos
Jeffrey Preston Bezos ( ;; and Robinson (2010), p. 7. ; born January 12, 1964) is an American businessman best known as the founder, executive chairman, and former president and CEO of Amazon, the world's largest e-commerce and clou ...
,
Mark Zuckerberg
Mark Elliot Zuckerberg (; born May 14, 1984) is an American businessman who co-founded the social media service Facebook and its parent company Meta Platforms, of which he is the chairman, chief executive officer, and controlling sharehold ...
,
Bill Gates
William Henry Gates III (born October 28, 1955) is an American businessman and philanthropist. A pioneer of the microcomputer revolution of the 1970s and 1980s, he co-founded the software company Microsoft in 1975 with his childhood friend ...
,
Donald Trump
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party (United States), Republican Party, he served as the 45 ...
, and
Drake
Drake may refer to:
Animals and creatures
* A male duck
* Drake (mythology), a term related to and often synonymous with dragon
People and fictional characters
* Drake (surname), a list of people and fictional characters with the family ...