Very Light Jets have gotten a lot of hype in the last few years. Several VLJ startup companies have failed and a few VLJs are starting to hit the market. The current market formed after the release of a new class of small turbofan engines. However, we can hardly say that the VLJ is a new class of aircraft. Depending on who you ask, the first VLJ was built in 1954 and flew as a liaison aircraft for the French military and as a personal jet. That aircraft, the Morane-Saulnier MS760 Parris Jet has been flying ever since. Now, according to Marketwatch.com, a Canadian pilot-entrepreneur named Edward Furtak has formed JetSet International Ltd. and purchased the aircraft's type certificate and associated rights from SOCATA. He is re-releasing the MS760 into the current VLJ market and plans some significant upgrades to the design.
Can you believe that a brand-new VLJ company already has flying aircraft for sale? Imagine owning this proven, high-performance VLJ for only $550,000. Imagine what a 4-seat jet like that will do the to VLJ market!
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I was pretty optimistic when the concept of the Very Light Jet was born. There were several neat designs and costs promised to be impressively low. Since then though, several start-up VLJ companies failed and many other projects are stalled or just creeping along. The VLJ hype has all but disappeared. How then has Cessna reached the impressive milestone of rolling out its 300th Citation Mustang?
