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Spectrum seals Jetpool order for Freedom and Independence jets
Spectrum seals Jetpool order for Freedom and Independence jets

Spectrum Aeronautical has clinched a "large" undisclosed order from US management company Jetpool for its S-40 Freedom mid-size business jet and S-33 Independence light jet. Charlotte, North Carolina-based Jetpool is poised this month to start marketing its new regional shared-ownership programme, which will use Eclipse 500s very light jets, Citation CJ1+ light jets and the Spectrum types.

"We plan to acquire the Eclipse 500s and CJ1s on the secondary market, where we will get better value for money on these types than buying new," says Jetpool chief executive Ryan Stone. "We can pick up a well-maintained, two- to three-year-old CJ1 now for about $ 3.4 million. A new Mustang VLJ, which we did consider early on, will cost around $ 3 million but it has a smaller cabin, a shorter range and a much longer waiting time."

He adds: "The Spectrum types fit our business model as both the acquisition and operating costs of the S-40 and S-33 are far lower than comparable aircraft," says Stone.

The $ 6.2 million S-40, which will compete with aircraft such as the Bombardier Learjet 60XR and Gulfstream G150, is earmarked for certification and first deliveries in 2010. Approval of the $ 3.65 million S-33 stablemate is set for about 12 months later.

According to Flightglobal.com


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