This is a mock-up of the Learjet 85 in flight. The actual Learjet 85 is scheduled to have its inaugural flight sometime later this year. The price tag for such luxury: $20.8 million. And it's not even considered a high-end private jet.
The Learjet 85 is made up of primarily composite materials, as opposed to the more traditional use of metals. This allows it to fly faster, burn less fuel, and run faster than other planes in its class. This plane has two pilots and seats as many as eight people. It's long-range cruising speed is 515 miles per hour, while its high-speed cruising speed is 541 mph.
Learjet celebrates the 50th anniversary of the first private jet. FlexJet took advantage of that milestone on Monday night to hold its event at the Intrepid Museum in Manhattan, which included test-drives in Aston Martins, a tasting of high-end scotch, and fireworks.
The Learjet 85 features a move toward digital controls rather than physical ones. In the past, the steering column of a plane would control a system of cables and pulleys that would move the flaps and rudders. Now, electronic signals are sent via wires to steer the plane. That makes for less heavy equipment and a lighter load.
Talk about luxury. While the planes go for $20.8 million a pop, FlexJet sells a fractional ownership, so you can own a piece for as "little" as $1.18 million, which gets you 50 hours a year for five years. After that, Flexjet will buy back your ownership stake.