Dassault launches 10X ‘flying penthouse’ jet, yours for $75 million By Reuters

© Reuters. FILE PHOTO: The brand of French plane producer Dassault Aviation is seen on a hangar in Merignac close to Bordeaux, France, October 8, 2019. REUTERS/Regis Duvignau By Tim Hepher and Allison Lampert PARIS (Reuters) – Dassault Aviation launched a brand new long-range “flying penthouse” on Thursday in a bid to problem rivals serving



© Reuters. FILE PHOTO: The brand of French plane producer Dassault Aviation is seen on a hangar in Merignac close to Bordeaux, France, October 8, 2019. REUTERS/Regis Duvignau

By Tim Hepher and Allison Lampert

PARIS (Reuters) – Dassault Aviation launched a brand new long-range “flying penthouse” on Thursday in a bid to problem rivals serving the ultra-wealthy and heads of state on the high finish of the posh jet market.

The Falcon 10X would be the French planemaker’s strongest mannequin, with a variety of seven,500 nautical miles (13,890 km), and compete with high-end fashions supplied by Canada’s Bombardier (OTC:) and Normal Dynamics (NYSE:) unit Gulfstream.

It’s going to enter service in late 2025 and – in a primary for a industrial jet – come outfitted with Rolls-Royce (OTC:) Pearl engines designed to run completely on sustainable aviation gas, Dassault stated.

Additionally it is the primary time Rolls-Royce has been picked to energy any jet from Dassault, which had fallen out with France’s Safran (PA:) over a earlier engine improvement drawback.

Regardless of the coronavirus pandemic and persistent volatility in demand for smaller enterprise jets, the marketplace for the trade’s largest fashions has been propelled by the rising wealth of Asia.

Well being has risen to the highest of considerations of the focused elite, alongside safety and privateness.

“All of the executives of the businesses, the VIPs, they wish to journey in a really secure approach. They wish to save time. And enterprise aviation is basically the reply,” Dassault Aviation Chief Government Eric Trappier stated in a webcast.

“Vaccines must be the answer to be able to easy down the results of such a virus. However we’ve got to know we must reside a very long time with viruses, whether or not COVID-19 or one other. So it is also good to have a enterprise jet to be able to fly safely.”

Dassault’s gamble drew a fast riposte from rival Bombardier, whose best-selling 19-seat World 7500 sells for a similar worth: $75 million in immediately’s {dollars}.

“We will have much more (order) backlog and extra airplanes in service,” Chief Government Eric Martel stated.

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