Private Jet Card Comparisons - Know Before You Buy
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Boston-based jet card broker Magellan Jets is promoting its Phenom 300 jet card ahead of a planned rate increase. The hike is scheduled to go into effect on August 16. Most of all, it’s making the point that its version of Embraer’s popular light jet is still available.
JetSuite, which last year added five Embraer Phenom 300s, is now offering new members in seven Southwestern U.S. states significantly reduced hourly rates as low as $5,795, which is up to 15% off normal pricing.
Regular program rates range from $6,375 to $6,776 per hour, excluding 7.5% FET, based on deposit tiers ranging from $100,000 to $500,000.
Brazilian manufacturer Embraer’s Phenom 300 held the title of the best-selling light private jet in the world from 2011 to 2017, providing seating up to eight (although configurations include six and seven-seat plans) and extended range. The final numbers for 2019 haven’t been announced.
It is now succeeded by the Phenom 300E with advanced avionics and cabin systems, although both share the same dimensions.
The Phenom 300 is widely available in both fractional ownership and leases and jet cards, with NetJets, Flexjet, Airshare, Nicholas Air, Magellan Jets, and others offering the type.
The price for a used Phenom 300 begins at around $7.5 million, according to Controller, although as of Jan. 2022, only 12 were on the market.
Production Start: 2009; Phenom 300E from 2018
Production End: 2017 for Phenom 300
Last Delivery: Currently in production
The light jet Phenom 300 followed the Phenom 100 very light jet and is now succeeded by the Phenom 300E in the Embraer family.
Embraer has delivered 530 Phenom 300s as of January, of which 70 are Phenom 300Es
Light Jet
Height: 4.92 feet
Width: 5.08 feet
Length: 17.17 feet
Seating Capacity: 6 to 9 varies by operator
Full: 1,811 nautical miles
Four Passengers: 2,077 nautical miles
Maximum Cruise Speed: 444 mph
Normal Cruise Speed: 430 mph
Long-Range Cruise Speed: 383 mph
19 cubic feet internal; 66 cubic feet external
Fractional Ownership – Yes
Dedicated Jet Card – Yes
Used Phenom 300s are listed starting at $7.6 million. The current list price for the Phenom 300E starts at $10.5 million.
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