Learjet, the private plane synonymous with the jet-set, nears end of runway
Learjet, the private plane synonymous with the jet-set, nears end of runway Reuters 2/15/2021 MONTREAL, Feb 15 (Reuters) - Learjet, the sleek private jet used by celebrities for decades, is ending production this year, following a slump in demand due to competition from newer and less-expensive rivals. Long before COVID-19 hit demand in 2020, the arrival of less-expensive similar-sized models from Embraer SA and Textron Inc's Cessna eroded Learjet demand. Created by American entrepreneur Bill Lear, the Learjet 23 first took off from Wichita, Kansas in 1963, forging a new market for modern b...
Source: msn.com