UK charter company London Executive Aviation (LEA) has added a second Bombardier Challenger 300 business jet to its managed fleet. The super midsize business jet - owned by UK property investor Andreas Panayiotou - is available for charter from its base at London Luton airport.
George Galanopoulos, managing director of LEA, says: "We have an established relationship with Andreas, for whom we have previously managed aircraft. When he decided to buy another business jet, we identified the Challenger 300 as ideally suited to his needs."
The aircraft was purchased "at a deep discount" to current list prices, says Galanopoulos. He adds: "Now is a great time to buy a used private aircraft, as prices remain low in the prevailing economic climate. However, the smart money is beginning to act on this opportunity, leading to increased activity in the used market. It won't be long before used aircraft values rise again, so potential buyers would do well to make their acquisitions soon."
The eight-seat Challenger 300 - registration G-MRAP - has a 5,796km (3.133nm) range and can operate from runways as short as 1,300m. It can serve destinations as far from London as Dubai and Moscow.