Five Private Jets Under $5 Million

  • Prices for 5 private jets under $5 million
  • Specs for each aircraft

The Honda HA-420 HondaJet, priced around $4.7 million is a light business jet produced by the Honda Aircraft Company of Greensboro, North Carolina, United States. Original concepts of the aircraft started in 1997 and were completed in 1999. It took its maiden flight on December 3, 2003, received its FAA type certificate in December 2015 and was first delivered that same month. By March 2020, 150 jets had been delivered. The seven- to eight-seat aircraft has a composite fuselage and an aluminum wing, and is powered by two GE Honda HF120 turbofans unusually mounted on pylons above the wing. It can reach a 420 kn (780 km/h) speed, and has a 1,400 nmi range. The HondaJet has received several aeronautic design and innovation accolades. The current price of the Phenom 100 is US$ 2.85 million. The Embraer EMB-500 Phenom 100 is a very light jet developed by Brazilian aircraft manufacturer Embraer, type certificate is EMB-500. It has capacity for four passengers in its normal configuration, but it can carry up to seven passengers with a single crew, with an optional side-facing seat and belted toilet. The aircraft is fitted with two rear-mounted Pratt & Whitney Canada PW617-F turbofan engines rated at a takeoff thrust of 7.2 kN to ISA+10 °C. The engines have dual full authority digital engine control (FADEC). 

The Stratos 714, priced around $3 million,  is an American very light jet aircraft under development by Stratos Aircraft of Redmond, Oregon. Predominantly made of carbon composite, the single turbofan aircraft would seat four to six at 400 kn over up to 1,500 nmi. Stratos decided to stretch the fuselage by 31 in to better accommodate six adults with bags. The 716X was unveiled at the July 2018 EAA AirVenture, to be available as a kit in the fourth quarter with a stretched and 2 in (51 mm) wider fuselage than the 714. The Cessna Citation   Mustang, priced at about $2 million,  is a very light jet that was built by Cessna. Launched at the 2002 NBAA convention, the Model 510 first flew on April 23, 2005. The airplane received full type certification from the Federal Aviation Administration on September 8, 2006. Cessna received FAA certification to fly into “known icing conditions” on November 9, 2006. The Mustang is a low-wing cantilever monoplane with a swept wing, T-tail and retractable tricycle gear. One main door is located in the forward left section of the aircraft, with an additional emergency exit on the center right section of the fuselage

The Cirrus Vision Jet, priced at a little under $2 million, is the most affordable private jet on sale today. In fact, it’s about half the price of its nearest jet-powered competitor. The Vision Jet has been 10 years in the making, The production model of the Vision Jet made its first flight in May 2016. The Vision SF50 is a low-wing cantilever monoplane powered by a single Williams FJ33-4A-19 turbofan, producing 1,900 lbf, mounted above the rear fuselage. It has a V-tail and retractable tricycle landing gear. 


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