25 Apr 2024, 11:48 [ UTC - 5; DST ]
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Post subject: Re: CJ3, Lear 40XR, Excel , other? Posted: 22 Jul 2017, 12:50 |
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Joined: 06/23/09 Posts: 2300 Post Likes: +707 Location: KIKK......Kankakee, Illinois
Aircraft: TBM 850
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Curious........why so little love for the Lear 40?
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Post subject: Re: CJ3, Lear 40XR, Excel , other? Posted: 22 Jul 2017, 12:59 |
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Joined: 11/08/12 Posts: 12799 Post Likes: +5226 Location: Jackson, MS (KHKS)
Aircraft: 1961 Cessna 172
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Username Protected wrote: Curious........why so little love for the Lear 40? My read of the comments (no experience) - narrow support ecosystem - shops, pilots, suppliers, etc. All significant cost/hassle burdens without a compensating upside.
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Post subject: Re: CJ3, Lear 40XR, Excel , other? Posted: 22 Jul 2017, 15:19 |
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Joined: 05/23/13 Posts: 6787 Post Likes: +7340 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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I wouldn't be so quick to dismiss the Lear, operating cost is not that much different than the Excel, in fact it is lower in some cases. Yes, both are a lot higher than the CJ3, but as said above it's a different airplane.
The Lear 40XR is faster by a smidge and has a lot more range. With the exception of seats, I like the cabin better in the Lear, and as Jason said neither are standup.
If you need to carry 8 people then the Lear 45XR would be the comp to the Excel.
I haven't had any issues finding Lear pilots, in fact in my experience it is easier to find a Lear pilot than an Excel pilot who is available.
_________________ It’s a brave new world, one where most have forgotten the old ways.
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Post subject: Re: CJ3, Lear 40XR, Excel , other? Posted: 22 Jul 2017, 15:38 |
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Joined: 05/23/13 Posts: 6787 Post Likes: +7340 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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There are two reasons Lears are no longer the private jet everyone buys and neither are operating cost. One is that Cessna has simply won the battle of the brands, when you have entry level airplane and single pilot jets you feed your brand. Lear never had that and once Cessna started building faster airplanes they took over.
The second and really the major reason is that Bombardier has been a bad owner, they turned sales of new airplanes over to Bombardier salesmen... that just doesn't work. The Bombardier salespeople didn't know how to sell Lears... and didn't really care. Why not just talk that Lear 75 buyer into a Challenger 300?
If you understand the history and how Cessna has tiptoed around Lear's very limited product line, you'll understand why Learjets are still very viable. The reality is that Cessna never really built an airplane to directly compete with the Lear 40/45 and 70 /75 and now 75, they just let Lear have those niches. If you understand the airplane and it fits your mission the Cessnas can't compete.
The reason the Lear 40XR is so cheap, and a LOT cheaper than a comparable Excel is because the 40XR didn't sell well when it was new. It was almost as much as the 45XR, the 45XR had two more seats... why buy a 40XR? So many of the Lear 40XR's went into fractional deals, mainly Bombardier Flexjet, and over the last few years they have been selling them off.
The 45XR is still around $3M and the Lear 40XR is around $2M... so now the 40XR makes a lot of sense! I haven't ran the market in over 9 months, but last year we found a 2008 Lear 40XR for a Texas based client, it was 5700TT, MSP, New Elliott paint and interior, with ADS-B Out, and WAAS LPV all for less than $2M... it was a way better deal all the way around than an Excel and we looked at all possible aircraft that would do his mission.
_________________ It’s a brave new world, one where most have forgotten the old ways.
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Post subject: Re: CJ3, Lear 40XR, Excel , other? Posted: 22 Jul 2017, 23:43 |
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Joined: 11/24/13 Posts: 27 Post Likes: +1
Aircraft: BE77, C90A
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We have one of the last 45XR's built. Never flown a more unreliable airplane. There is going to be a big AD coming Out on the engines, don't ask how I know. Dave
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Post subject: Re: CJ3, Lear 40XR, Excel , other? Posted: 23 Jul 2017, 00:21 |
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Joined: 06/23/09 Posts: 2300 Post Likes: +707 Location: KIKK......Kankakee, Illinois
Aircraft: TBM 850
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I have always thought Lears look fast sitting on the ramp!!
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Post subject: Re: CJ3, Lear 40XR, Excel , other? Posted: 23 Jul 2017, 00:24 |
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Joined: 05/29/13 Posts: 13588 Post Likes: +10972 Company: Easy Ice, LLC Location: Marquette, Michigan; Scottsdale, AZ, Telluride
Aircraft: C510,C185,C310,R66
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Username Protected wrote: I have always thought Lears look fast sitting on the ramp!! Well they are if you can find a crew to work the flight !
_________________ Mark Hangen Deputy Minister of Ice (aka FlyingIceperson) Power of the Turbine "Jet Elite"
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Post subject: Re: CJ3, Lear 40XR, Excel , other? Posted: 24 Jul 2017, 06:31 |
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Joined: 01/28/13 Posts: 6053 Post Likes: +4019 Location: Indiana
Aircraft: C195, D17S, M20TN
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Username Protected wrote: You guys are lucky Mike Ciholas doesn't have a Learjet! Too funny Chip!!! Probably fits his mission but two pilots required.
_________________ Chuck KEVV
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Post subject: Re: CJ3, Lear 40XR, Excel , other? Posted: 27 Jul 2017, 12:50 |
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Joined: 07/08/12 Posts: 103 Post Likes: +7
Aircraft: Citation Encore
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Username Protected wrote: A friend of mine has the jet bug. Non pilot, wants me involved and we can work out some arrangement where I manage the aircraft, oversee pilots etc. in exchange for some hours. I don't need the jet, but this scenario might work for me to get into the 'jet game'. I'm not getting rid of the Conquest!! I am leaning towards recommending a CJ3 or Excel, but the Lear 40XR looks like a pretty good deal on the front end. I know the MX cost is higher on the Lear and it eats up more runway, but damn they are fairly inexpensive to buy right now. We're not worried about single pilot vs crew at this point. Anyone have any advice or recommendations? How many people is he planning bringing along?
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Post subject: Re: CJ3, Lear 40XR, Excel , other? Posted: 28 Jul 2017, 07:09 |
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Joined: 01/29/08 Posts: 26431 Post Likes: +13066 Location: Walterboro, SC. KRBW
Aircraft: PC12NG
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Username Protected wrote: I haven't had any issues finding Lear pilots, in fact in my experience it is easier to find a Lear pilot than an Excel pilot who is available.
I share a hangar with a Lear 35. The owner is not a pilot. He ends up flying commercial a lot because they can't find a 2nd pilot. I've volunteered to sit right seat for them if they ever needed it but they haven't taken me up on it.
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Post subject: Re: CJ3, Lear 40XR, Excel , other? Posted: 28 Jul 2017, 07:23 |
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Joined: 05/29/13 Posts: 13588 Post Likes: +10972 Company: Easy Ice, LLC Location: Marquette, Michigan; Scottsdale, AZ, Telluride
Aircraft: C510,C185,C310,R66
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Username Protected wrote: I haven't had any issues finding Lear pilots, in fact in my experience it is easier to find a Lear pilot than an Excel pilot who is available.
I share a hangar with a Lear 35. The owner is not a pilot. He ends up flying commercial a lot because they can't find a 2nd pilot. I've volunteered to sit right seat for them if they ever needed it but they haven't taken me up on it.
You would have to get checked out as an SIC. Day of ground school. 3 take off and landings. Etc. Are you multi commercial? Insurance would have something to say as well.
_________________ Mark Hangen Deputy Minister of Ice (aka FlyingIceperson) Power of the Turbine "Jet Elite"
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Post subject: Re: CJ3, Lear 40XR, Excel , other? Posted: 28 Jul 2017, 07:26 |
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Joined: 01/29/08 Posts: 26431 Post Likes: +13066 Location: Walterboro, SC. KRBW
Aircraft: PC12NG
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Username Protected wrote: You would have to get checked out as an SIC. Day of ground school. 3 take off and landings. Etc. Are you multi commercial? Insurance would have something to say as well.
I'm multi. Not commercial. Sounds like owning that tiny airplane would be awesome.
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