The market for large executive cabin class aircraft (bizliners) began long ago in 1959 with the introduction of the Boeing 707. Indeed, aftermarket conversions of Boeing, McDonnell Douglas, Airbus and BAC airliners for corporate use have been occurring for decades.
Then in the late 1990s, Airbus and Boeing saw a market to build derivatives of their aircraft specifically for corporate or business use – thus, the BBJ (Boeing Business Jet) and ACJ (Airbus Corporate Jet) product lines were launched.
In 1998, Boeing delivered the first Boeing Business Jet - an ultra-long-range twin-turbofan jet using the fuselage of the 737-700 with the strengthened wings and landing gear of the larger 737-800. Airbus followed with the Airbus Corporate Jet (ACJ) a year later.
Today, there are three narrow-body Boeing Business Jet aircraft, the BBJ, BBJ2 and BBJ3. The BBJ2 is greater in length than the original BBJ, and its fuselage is from the 737-800 commercial airline model. The BBJ3 model meanwhile is even larger utilizing the fuselage of the 737-900. These spacious jets are commonly used by sports teams, governments and a variety of global corporations worldwide.
There are 22 wholly-owned BBJ2 business jets in operation worldwide. The percentage for sale is 13.6% (3 units) with all of those under an exclusive broker agreement. The average time on the market is 598 days. Two BBJ2s are leased, according to JETNET.
Asia and the Middle East account for the largest BBJ2 fleet percentage (68%, or 15 units), followed by Europe (18%, 4 units) and North America (9%, 2 units) accounting for a combined fleet total of 95%. As many as 32% of the BBJ2 business jets operating worldwide are under fleet ownership, the largest fleet being three BBJ2 aircraft owned by Dubai Air Wing (UAE).
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