Industry News

April 2008 Issue

VLJ Insurance? Yes, With Lots of Training

Initial worries about insurance have proved unfounded. But itís not generous or cheap, especially for jet-newbies

The long-awaited age of the VLJ has begun. The Eclipse 500 and the Cessna 510 Mustang are the vanguard of the new movement. Eclipse is now building almost one new jet airplane each work day. Cessna delivered 45 airplanes in 2007 and is ramping up to build two Mustangs a week. There are already close to 200 VLJs out there. By this time next year that number will have more than doubled, and soon other manufacturers will be swelling the ranks of Jet-A consumers. One of the looming worries for VLJ builders and potential owner-pilots is what the cost of insuring these jets will be, or if it will be available at all for budding jet pilots.

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