The Learjet 75 is a mid-sized jet with a relatively manageable estimated per-hour cost to fly of $1,785. For reference, heavy-duty private jets can cost up to $7,500 per hour.

He repeated that the decision to abandon the Learjet 85 was strictly related to the absence of demand. “If we saw market potential for the Lear 85, we would have finished it,” he said.

This is the challenge in high-end interior design; ... Learjet 85, became a great opportunity to put right the shortcomings of most private jets of the day. The way it was designed, ...

The end of the Learjet production lines brings the Learjet 75 model to a close, along with the cessation of the Learjet 85 program. Bombardier The news came within a mixed report on the previous ...

Bombardier's decision, announced October 29, to cancel the Learjet 85 comes a year-and-a-half after the all-composite midsize business jet made its first flight in April 2014.

Bombardier Inc. said it would suspend work on a new flagship model for its Learjet unit, resulting in a pretax charge of around $1.4 billion and about 1,000 job cuts.

Calling foul on Bombardier Inc. for citing a weak market as the reason it’s pausing the Learjet 85 program, aviation analyst Richard Aboulafia says the real problems are internal.

Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) has decided to pause its Learjet 85 program due to weak market demand, and will record a pre-tax special charge of approximately $1.4B in Q4 related to the ...