Private jets that will fly you half-way around the world

A group of the latest models let you fly halfway around the world, opening fresh possibilities in business and personal travel.

By Nick Copley 10/10/2017

The latest group of ultralong-range and extralong-range business jets lets you fly halfway around the world, opening fresh possibilities in business and personal travel.

Key new models in this elite market include the Gulfstream G650ER, the upcoming Bombardier Global 7000, and the Dassault Falcon 8X. Other models to consider are the Gulfstream G550 and the future Bombardier Global 8000; the latter is targeted to have the longest range in this group, with the ability to fly almost 9100 miles (14,640km).

Market

Several factors are driving the demand for ultralong-range aircraft, which range in price from about $US57 million ($73.2 million) to more than $US70 million ($A90 million). The two biggest contributors are the continuing globalisation of international business and the growth in the number of ultrahigh-net-worth families. But there are additional factors at play.

“A handful of customers buy purely based on need,” says Colby McDowell of the VanAllen Group, an aviation consulting firm. However, he adds, “Some are sitting on more money than sense, and there is certainly an ego play.”

Kevin O’Leary, a Robb Report Private Aviation Board member and the president and CEO of Jet Advisors, supports McDowell’s assertion. “Human nature certainly plays a part,” he says. “There’s always a group who wants to have something bigger and better and just wants to have the best and latest. It’s also the ability to make those long trips that no other plane can do, but they are not being used for New York to Beijing every day.”

Beyond the ultralong-range market the options consist of much larger Boeing Business Jets or Airbus Corporate Jets, which are basically converted airliners. But these bigger aircraft do not sell in anything close to the numbers of the dedicated business aircraft, partly because they are more expensive to operate. Buyers of ultralong-range business jets also prefer their ability to take off from, and land in, considerably more airports than their commercial cousins can.

The biggest market for ultralong-range business aircraft is North America, but in Asia and the Middle East they represent a higher share of the local market for business jets. Forecasts from Jetcraft suggest that nearly 50 per cent of the market by value will be sales of ultralong-range jets, such as Gulfstream G650s, and extralong-range jets, such as the Bombardier Globals. As an example of the demand in this space, Gulfstream delivered its 550th G550 — slightly smaller and slower, with a range of more than 7,750 miles—in July of this year.

Models

The Gulfstream G650ER is the most established of the ultralong-range group. The original G650 was first delivered in 2012, and the newer ER (extended range) version came out in late 2014. (The original G650s can undergo a $US2 million modification, including making internal adjustments to existing fuel tanks and updating the Flight Management System, to convert to the ER version.) Gulfstream is also working on a 7100-mile-range G600 that will come out in 2018.

The first Dassault Falcon 8X was delivered to a customer in 2016, and it is one of the few business jets with three engines, which helps with short takeoffs. The delayed Bombardier Global 7000 (above) is currently undergoing flight testing and is expected to enter service in the second half of 2018.

There is a wait list for all these planes, so if you make a purchase today, you can expect to receive it in a couple of years. But demand has eased a bit since the first G650s (some of which changed hands for above list price) came out.

Cabins

The newer aircraft as a group offer larger, more spacious cabins than their predecessors, as well as the ability to travel more than 6000 miles. These two go hand in hand, as owners and passengers are demanding more space and comfort for flights that can last more than 12 hours.
The Global 7000 and G650 each hold a maximum of 19 passengers, as does the slightly smaller 8X (above), but few ever fly at full load. “The average number on board is typically six to eight people for the ultralong-range planes,” says William Quin, president of Aviation Management Systems and a member of Robb Report’s Private Aviation Advisory Board.

The Global 7000 (above) wins easily in the cabin-space category, with an overall length of 54 feet, 7 inches (16.6 metres), compared to 46 feet, 10 inches (14.28m), for the G650ER (below) and 42 feet, 8 inches (13.0m), for the Falcon’s cabin. But compare any of these to, say, a super midsize G280 at 25 feet, 10 inches (7.9m), and you begin to see how much room they offer.

New owners have a wide selection of choices in how they configure their cabins. These aircraft can have three or four separate living areas, plus an additional dedicated crew rest area. The spaces can include bedrooms with ensuites and stand-up showers—nice features if you’re traveling 6500 miles and are in the air for 12 or more hours. They can also include conference spaces or individual work areas, and they all feature a large galley area for meals and drinks.

As you might expect, the electronic systems include Wi-Fi, digital audio, and large high-definition TVs, while the cabin-management systems let passengers control all the electronics, LED lighting, window shades, and environment from their seats. New technology also allows some planes, such as Dassault models, to have a lower cabin pressure than other aircraft, helping passengers feel less fatigued and potentially reducing jet lag.

Capabilities

The potential range of these planes is a big part of the selling proposition. The Global 7000 promises to fly from New York to Mumbai, or Sydney to San Francisco. The G650ER can fly nonstop from Dubai to Atlanta.

The Falcon 8X, meanwhile, is known for getting in and out of airports that are too small and challenging for its slightly bigger competitors. “Dassault does well in shorter fields and high altitude,” says McDowell of the VanAllen Group. “For instance, summer-time in Aspen has challenges for some bigger aircraft, but not for Falcons.” The model also has a solid range, with the ability to fly non-stop from Vail, Colorado to Geneva, Switzerland.

So what are most customers doing with all that range? When William Quinn and his team surveyed owners of ultralong-range aircraft, they found that only 20 to 30 per cent of even the longer flights exceeded 6000 miles. The average flight length was between 3 and 5 hours, which would equate to about 1400 to 2500 miles.

All these aircraft have a maximum operating altitude of 51,000 feet, well above commercial aircraft levels and out of the way of adverse weather. Each of them also typically operates with a pilot, a co-pilot, and one other crew member.

Costs

Another factor driving the migration to these new planes is the incorporation of new technology in their design and build. Changes to wing designs and aerodynamics, updated and newer engines, and improved avionics mean they are more economical to maintain and operate than earlier models.

“Operating economics are coming down, particularly if you are coming out of an older plane,” says McDowell. “Across a lot of our client base, the conversation revolves around the 10-year life-cycle cost of operation and not so much the initial capital cost.”

According to the aviation research firm Conklin & de Decker, the well-regarded — but older, slower, smaller, and shorter-range — Gulfstream GIV has a total cost to own and operate of $US2,589,042 a year ($A3,326,626), assuming an owner flies 175,000 miles. In comparison, the longer-range G650ER comes in at $US2,694,522, and the Falcon 8X just $US2,321,886 a year. There are no numbers out yet for the upcoming Global 7000, but the Global 6000 has total annual costs of $US2,689,243.

If you are flying an older Gulfstream like the GIV, it can be pretty appealing to move into a newer, bigger, faster model for the same annual cost.

In essence, these planes are built and outfitted to support all aspects of daily life and to act as a platform for doing business globally. With compelling economics, demand is expected to remain strong for the category.

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Watch of the Week: TAG Heuer Formula 1 | Kith

The legendary sports watch returns, but with an unexpected twist.

By Josh Bozin 02/05/2024

Over the last few years, watch pundits have predicted the return of the eccentric TAG Heuer Formula 1, in some shape or form. It was all but confirmed when TAG Heuer’s heritage director, Nicholas Biebuyck, teased a slew of vintage models on his Instagram account in the aftermath of last year’s Watches & Wonders 2023 in Geneva. And when speaking with Frédéric Arnault at last year’s trade fair, the former CEO asked me directly if the brand were to relaunch its legacy Formula 1 collection, loved by collectors globally, how should they go about it?

My answer to the baited entreaty definitely didn’t mention a collaboration with Ronnie Fieg of Kith, one of the world’s biggest streetwear fashion labels. Still, here we are: the TAG Heuer Formula 1 is officially back and as colourful as ever.

As the watch industry enters its hype era—in recent years, we’ve seen MoonSwatches, Scuba Fifty Fathoms, and John Mayer G-Shocks—the new Formula 1 x Kith collaboration might be the coolest yet. 

TAG Heuer
TAG Heuer

Here’s the lowdown: overnight, TAG Heuer, together with Kith, took to socials to unveil a special, limited-edition collection of Formula 1 timepieces, inspired by the original collection from the 1980s. There are 10 new watches, all limited, with some designed on a stainless steel bracelet and some on an upgraded rubber strap; both options nod to the originals.

Seven are exclusive to Kith and its global stores (New York, Los Angeles, Miami, Hawaii, Tokyo, Toronto, and Paris, to be specific), and are made in an abundance of colours. Two are exclusive to TAG Heuer; and one is “shared” between TAG Heuer and Kith—this is a highlight of the collection, in our opinion. A faithful play on the original composite quartz watch from 1986, this model, limited to just 1,350 pieces globally, features the classic black bezel with red accents, a stainless steel bracelet, and that creamy eggshell dial, in all of its vintage-inspired glory. There’s no doubt that this particular model will present as pure nostalgia for those old enough to remember when the original TAG Heuer Formula 1 made its debut. 

TAG Heuer
TAG Heuer

Of course, throughout the collection, Fieg’s design cues are punctuated: the “TAG” is replaced with “Kith,” forming a contentious new brand name for this specific release, as well as Kith’s slogan, “Just Us.”

Collectors and purists alike will appreciate the dedication to the original Formula 1 collection: features like the 35mm Arnite cases—sourced from the original 80s-era supplier—the form hour hand, a triangle with a dot inside at 12 o’clock, indices that alternate every quarter between shields and dots, and a contrasting minuterie, are all welcomed design specs that make this collaboration so great. 

Every TAG Heuer Formula 1 | Kith timepiece will be presented in an eye-catching box that complements the fun and colour theme of Formula 1 but drives home the premium status of this collaboration. On that note, at $2,200 a piece, this isn’t exactly an approachable quartz watch but reflects the exclusive nature of Fieg’s Kith brand and the pieces he designs (largely limited-edition). 

TAG Heuer
TAG Heuer

So, what do we think? It’s important not to understate the significance of the arrival of the TAG Heuer Formula 1 in 1986, in what would prove integral in setting up the brand for success throughout the 90’s—it was the very first watch collection to have “TAG Heuer” branding, after all—but also in helping to establish a new generation of watch consumer. Like Fieg, many millennial enthusiasts will recall their sentimental ties with the Formula 1, often their first timepiece in their horological journey.  

This is as faithful of a reissue as we’ll get from TAG Heuer right now, and budding watch fans should be pleased with the result. To TAG Heuer’s credit, a great deal of research has gone into perfecting and replicating this iconic collection’s proportions, materials, and aesthetic for the modern-day consumer. Sure, it would have been nice to see a full lume dial, a distinguishing feature on some of the original pieces—why this wasn’t done is lost on me—and perhaps a more approachable price point, but there’s no doubt these will become an instant hit in the days to come. 

The TAG Heuer Formula 1 | Kith collection will be available on Friday, May 3rd, exclusively in-store at select TAG Heuer and Kith locations in Miami, and available starting Monday, May 6th, at select TAG Heuer boutiques, all Kith shops, and online at Kith.com. To see the full collection, visit tagheuer.com

 

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8 Fascinating Facts You Didn’t Know About Aston Martin

The British sports car company is most famous as the vehicle of choice for James Bond, but Aston Martin has an interesting history beyond 007.

By Bob Sorokanich 01/05/2024

Aston Martin will forever be associated with James Bond, ever since everyone’s favourite spy took delivery of his signature silver DB5 in the 1964 film Goldfinger. But there’s a lot more to the history of this famed British sports car brand beyond its association with the fictional British Secret Service agent.

Let’s dive into the long and colourful history of Aston Martin.

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What Venice’s New Tourist Tax Means for Your Next Trip

The Italian city will now charge visitors an entry fee during peak season. 

By Abby Montanez 01/05/2024

Visiting the Floating City just got a bit more expensive.

Venice is officially the first metropolis in the world to start implementing a day-trip fee in an effort to help the Italian hot spot combat overtourism during peak season, The Associated Press reported. The new program, which went into effect, requires travellers to cough up roughly €5 (about $AUD8.50) per person before they can explore the city’s canals and historic sites. Back in January, Venice also announced that starting in June, it would cap the size of tourist groups to 25 people and prohibit loudspeakers in the city centre and the islands of Murano, Burano, and Torcello.

“We need to find a new balance between the tourists and residents,’ Simone Venturini, the city’s top tourism official, told AP News. “We need to safeguard the spaces of the residents, of course, and we need to discourage the arrival of day-trippers on some particular days.”

During this trial phase, the fee only applies to the 29 days deemed the busiest—between April 25 and July 14—and tickets will remain valid from 8:30 am to 4 pm. Visitors under 14 years of age will be allowed in free of charge in addition to guests with hotel reservations. However, the latter must apply online beforehand to request an exemption. Day-trippers can also pre-pay for tickets online via the city’s official tourism site or snap them up in person at the Santa Lucia train station.

“With courage and great humility, we are introducing this system because we want to give a future to Venice and leave this heritage of humanity to future generations,” Venice Mayor Luigi Brugnaro said in a statement on X (formerly known as Twitter) regarding the city’s much-talked-about entry fee.

Despite the mayor’s backing, it’s apparent that residents weren’t totally pleased with the program. The regulation led to protests and riots outside of the train station, The Independent reported. “We are against this measure because it will do nothing to stop overtourism,” resident Cristina Romieri told the outlet. “Moreover, it is such a complex regulation with so many exceptions that it will also be difficult to enforce it.”

While Venice is the first city to carry out the new day-tripper fee, several other European locales have introduced or raised tourist taxes to fend off large crowds and boost the local economy. Most recently, Barcelona increased its city-wide tourist tax. Similarly, you’ll have to pay an extra “climate crisis resilience” tax if you plan on visiting Greece that will fund the country’s disaster recovery projects.

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Omega Reveals a New Speedmaster Ahead of the Paris 2024 Olympics

Your first look at the new Speedmaster Chronoscope, designed in the colour theme of the Paris Olympics.

By Josh Bozin 26/04/2024

The starters are on the blocks, and with less than 100 days to go until the Paris 2024 Olympics, luxury Swiss watchmaker Omega was bound to release something spectacular to mark its bragging rights as the official timekeeper for the Summer Games. Enter the new 43mm Speedmaster Chronoscope, available in new colourways—gold, black, and white—in line with the colour theme of the Olympic Games in Paris this July.

So, what do we get in this nicely-wrapped, Olympics-inspired package? Technically, there are four new podium-worthy iterations of the iconic Speedmaster.

Omega

The new versions present handsomely in stainless steel or 18K Moonshine Gold—the brand’s proprietary yellow gold known for its enduring shine. The steel version has an anodised aluminium bezel and a stainless steel bracelet or vintage-inspired perforated leather strap. The Moonshine Gold iteration boasts a ceramic bezel; it will most likely appease Speedy collectors, particularly those with an affinity for Omega’s long-standing role as stewards of the Olympic Games.

Notably, each watch bears an attractive white opaline dial; the background to three dark grey timing scales in a 1940s “snail” design. Of course, this Speedmaster Chronoscope is special in its own right. For the most part, the overall look of the Speedmaster has remained true to its 1957 origins. This Speedmaster, however, adopts Omega’s Chronoscope design from 2021, including the storied tachymeter scale, along with a telemeter, and pulsometer scale—essentially, three different measurements on the wrist.

While the technical nature of this timepiece won’t interest some, others will revel in its theatrics. Turn over each timepiece, and instead of a transparent crystal caseback, there is a stamped medallion featuring a mirror-polished Paris 2024 logo, along with “Paris 2024” and the Olympic Rings—a subtle nod to this year’s games.

Powering this Olympiad offering—and ensuring the greatest level of accuracy—is the Co-Axial Master Chronometer Calibre 9908 and 9909, certified by METAS.

Omega

A Speedmaster to commemorate the Olympic Games was as sure a bet as Mondo Deplantis winning gold in the men’s pole vault—especially after Omega revealed its Olympic-edition Seamaster Diver 300m “Paris 2024” last year—but they delivered a great addition to the legacy collection, without gimmickry.

However, the all-gold Speedmaster is 85K at the top end of the scale, which is a lot of money for a watch of this stature. By comparison, the immaculate Speedmaster Moonshine gold with a sun-brushed green PVD “step” dial is 15K cheaper, albeit without the Chronoscope complications.

The Omega Speedmaster Chronoscope in stainless steel with a leather strap is priced at $15,725; stainless steel with steel bracelet at $16,275; 18k Moonshine Gold on leather strap $54,325; and 18k Moonshine Gold with matching gold bracelet $85,350, available at Omega boutiques now.

Discover the collection here

 

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Here’s What Goes Into Making Jay-Z’s $1,800 Champagne

We put Armand de Brignac Blanc de Noirs Assemblage No. 4 under the microsope.

By Mike Desimone And Jeff Jenssen 23/04/2024

In our quest to locate the most exclusive and exciting wines for our readers, we usually ask the question, “How many bottles of this were made?” Often, we get a general response based on an annual average, although many Champagne houses simply respond, “We do not wish to communicate our quantities.” As far as we’re concerned, that’s pretty much like pleading the Fifth on the witness stand; yes, you’re not incriminating yourself, but anyone paying attention knows you’re probably guilty of something. In the case of some Champagne houses, that something is making a whole lot of bottles—millions of them—while creating an illusion of rarity.

We received the exact opposite reply regarding Armand de Brignac Blanc de Noirs Assemblage No. 4. Yasmin Allen, the company’s president and CEO, told us only 7,328 bottles would be released of this Pinot Noir offering. It’s good to know that with a sticker price of around $1,800, it’s highly limited, but it still makes one wonder what’s so exceptional about it.

Known by its nickname, Ace of Spades, for its distinctive and decorative metallic packaging, Armand de Brignac is owned by Louis Vuitton Moët Hennessy and Jay-Z and is produced by Champagne Cattier. Each bottle of Assemblage No. 4 is numbered; a small plate on the back reads “Assemblage Four, [X,XXX]/7,328, Disgorged: 20 April, 2023.” Prior to disgorgement, it spent seven years in the bottle on lees after primary fermentation mostly in stainless steel with a small amount in concrete. That’s the longest of the house’s Champagnes spent on the lees, but Allen says the winemaking team tasted along the way and would have disgorged earlier than planned if they’d felt the time was right.

Chef de cave, Alexandre Cattier, says the wine is sourced from some of the best Premier and Grand Cru Pinot Noir–producing villages in the Champagne region, including Chigny-les-Roses, Verzenay, Rilly-la-Montagne, Verzy, Ludes, Mailly-Champagne, and Ville-sur-Arce in the Aube département. This is considered a multi-vintage expression, using wine from a consecutive trio of vintages—2013, 2014, and 2015—to create an “intense and rich” blend. Seventy percent of the offering is from 2015 (hailed as one of the finest vintages in recent memory), with 15 percent each from the other two years.

This precisely crafted Champagne uses only the tête de cuvée juice, a highly selective extraction process. As Allen points out, “the winemakers solely take the first and freshest portion of the gentle cuvée grape press,” which assures that the finished wine will be the highest quality.  Armand de Brignac used grapes from various sites and three different vintages so the final product would reflect the house signature style. This is the fourth release in a series that began with Assemblage No. 1. “Testing different levels of intensity of aromas with the balance of red and dark fruits has been a guiding principle between the Blanc de Noirs that followed,” Allen explains.

The CEO recommends allowing the Assemblage No. 4 to linger in your glass for a while, telling us, “Your palette will go on a journey, evolving from one incredible aroma to the next as the wine warms in your glass where it will open up to an extraordinary length.” We found it to have a gorgeous bouquet of raspberry and Mission fig with hints of river rock; as it opened, notes of toasted almond and just-baked brioche became noticeable. With striking acidity and a vein of minerality, it has luscious nectarine, passion fruit, candied orange peel, and red plum flavors with touches of beeswax and a whiff of baking spices on the enduring finish. We enjoyed our bottle with a roast chicken rubbed with butter and herbes de Provence and savored the final, extremely rare sip with a bit of Stilton. Unfortunately, the pairing possibilities are not infinite with this release; there are only 7,327 more ways to enjoy yours.

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