Charter & Fractional
Whole aircraft on offer from Euro frax firm
European fractional ownership provider Jet Republic is now trying to sell whole midsize business aircraft.

European fractional ownership provider Jet Republic is now trying to sell whole midsize business aircraft. Under its new Free to Fly program announced at the end of June, the company is offering Bombardier Learjet 60XRs for $13.5 million, at what it claims is a discount of more than $1 million off the full list price of $14.6 million.

In a June 2008 contract signed with Bombardier, Jet Republic agreed to pay $1.5 billion for 110 Learjet 60XRs, valuing each aircraft at just over $13.6 million. However, according to new market data from U.S. consultants Conklin & de Decker, in today’s depressed market conditions, the actual price for a new example of the aircraft is around $12.9 million.