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!