When most people think of airplanes, they envision large commercial airliners. Commercial airliners like the Airbus A380 and Boeing 777 are undoubtedly popular, but there are other types of airplanes in the skies, such as business jets. Also known as corporate jets, business jets are jet engine-powered airplanes that are designed to transport small groups of passengers, typically corporate executives and businessmen and businesswomen. Below are six facts about business jets.
#1) North America Is the Largest Market
While you can find them throughout the world, business jets are particularly common in North America. Research shows North America accounted for over one-third of all business jets sold in 2024. Even in 2011, roughly 70% of all business jets were located in North America.
#2) Can Reach Speeds of 400 to 700 MPH
They may be smaller than large commercial airliners, but business jets are still fast. Some of them, in fact, can reach speeds of 400 to 700 mph. One such business jet that’s known for its superior speed and performance is the Cessna Citation X+. Developed by Cessna in the mid-1990s, it’s one of the world’s fastest subsonic airplanes, boasting a top speed of 700 mph.
#3) Offer Benefits for Companies
Some companies own their own business jets, whereas others lease or rent them. Regardless, business jets offer many benefits for companies, such as the ability to bypass TSA lines and avoid boarding delays and layovers. Executives can also hold meetings mid-flight without worrying about other passengers listening to their conversations.
#4) Not Limited to Fortune 500 Companies
Business jets aren’t limited to Fortune 500 companies. Many smaller companies own and use them as well. Research, in fact, shows that over half of all business jets are operated by companies with fewer than 500 employees.
#5) There Are Different Types
Not all business jets are the same. There are many different types of business jets, each of which has its own features and characteristics. Very Light Jets (VLJs), for instance, are small and fuel efficient, making them ideal for short trips. Light Jets are slightly larger than their VLJ counterparts and typically used for regional flights. Midsize Jets are a step up, offering more cabin space and a longer range. Long-Range Jets, on the other hand, are designed for global travel.
#6) Cost Millions of Dollar
Business jets aren’t exactly cheap. Some of them cost just a few millions of dollars, whereas others can cost up to $100 million. On top of the initial cost, companies will incur maintenance, fuel and storage expenses. Nonetheless, many companies — even small companies — find that business jets are a smart investment.
