Featured Aircraft Blog – Bombardier Learjet 60 / 60XR
The Learjet 60 was produced in the early 1990s for a niche market, as a private jet that could climb quickly, and have fast cruise speed while being relatively low cost to operate. It is technically a derivative of the Learjet 55 that was introduced in the early 1980s. The Learjet 60XR was subsequently produced with upgraded Avionics and a restyled interior.
As of July 2015, 11 % of the active fleet of Lear 60s are available for resale. This includes 33 on-the-market options, along with one off-market option. The Lear 60XR has just over 16 % of the active fleet for resale, and this includes all 19 that are available on the open market. This mid-size jet has been one of the most stagnant markets in the category, with 21 retail transactions for the Lear 60s and 6 retail transactions for the 60XRs in the first two quarters of 2015 (AMSTAT Premier / Hatt & Associates Market Research). The average sale price for the last six months is $2,346,000 for the 60s and $5,238,000 for the 60XRs.
This aircraft was first introduced as the Model 60 Learjet in 1993, and is the similar to the design adapted by Bill Lear from a Swiss military trainer in the early 1960s. The Learjet 60XR came as a derivative aircraft which took its first flight in 2006. The aircrafts are powered by two Pratt & Whitney PW305A engines that produce 4,600 lbs of thrust at takeoff. The cabin is the biggest of all the Learjet models, and can feature seven or eight passengers depending on the size of the divan.
The Learjet 60 is equipped with Pro Line 4 Avionics and is controlled by an Integrated Avionics Processing System (IAPS). The Learjet 60XR is an improved version and is equipped with Rockwell Collins Pro Line 21 avionics. It is a fully integrated suite with many key upgrades that truly separate the two aircrafts (see specifications for similarities).
Some of the key factors that set this aircraft apart from the rest of the class come from its cruise performance. It can climb to a cruise of 43,000 feet in less than 14 minutes when loaded at maximum takeoff weight. It also boasts an aerodynamic design that was built from utilizing NASA and Boeing Tranair computational fluid dynamics to locate points of drag. Using this technology helped reduce the overall drag by 4%. It is also one of the most fuel-efficient jets in the category; while other models have caught up on speed, the Learjet 60 claims a substantial advantage over other models in fuel burned per hour.
This aircraft has certainly shown its value in the mid-size class. With inventory levels rising, we have been seeing a drop in asking prices. These two Learjets are dependable options for customers interested in mid-size models.
For a full list of the Learjet 60 / 60XRs that Hatt & Associates has in its inventory click here.
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