New business jet was presented in Savannah and brings updated cockpit, extended cabin and Honeywell engines

Business jet is part of the 560XL series and awaits FAA certification in 2025

Milestone was achieved with a Praetor 500 handover at the company's Florida center; model shows strong demand in corporate aviation

Corporate jets division accounts for two-thirds of deliveries in 2024, but order book fell 4% compared to the 2nd quarter

The single-engine aircraft had 96 shipments to customers, the highest number ever achieved. Corporate jet market grew 2.5% compared to 2022, according to GAMA

Growth was 13% compared to 2022, but the total was below guidance. Phenom 300 remains its most popular aircraft

Planemaker admits to developing a new aircraft larger than the Praetor, but designed specifically for the corporate market

According to General Aviation Manufacturers Association, 712 new aircraft were sent to customers, just two more than in 2021

With a 44% increase, "super midsize" models were the highlight in the year with 809 jets sent to their customers