… in price. Eclipse announced last week that they are raising the price of their original model from $1.65M to $2.15M June 2008 dollars (aero-news.net story). A Cessna Mustang ordered today would deliver in mid-2011 at a fixed $3.14M (maybe $2.5M in today’s dollars the way that inflation is going). The Mustang is a much larger plane, comes from a company with a history of meeting commitments, and is certified for flight into known icing conditions (i.e., the Mustang is useful for instrument flight).
Separately, Eclipse announced a four-seat single-engine jet that should be very fuel-efficient. They are promising to deliver the thing in “late 2011” for $1.35M (inflation from June 2008). If their company history proves to be a useful guide, the plane will be delivered in 2015 and cost closer to $2M. What about the fuel burn? The company says less than one pound of Jet-A, which is similar to diesel fuel, per nautical mile. That should be just under 10 mpg or about the same as an SUV when you consider that the jet flies in a straight line and doesn’t idle in traffic jams. Not too bad for carrying four people at nearly 400 mph.
[This price increase comes on the heels of Dow and Kodak announcing increases of up to 20 percent on thousands of products. Loose related to this posting on inflation in the price of luxury items, there is a New York Times story about the struggles of the no longer quite as rich.]