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TOKYO -- Honda Motor delivered 43 of its business jets, the HondaJet, to customers in 2017, up 20 from a year before, becoming the top-selling model for the first time by beating out U.S. rival Cessna Aircraft.
Cessna delivered 39 of its mainstay Citation M2 jets during the year.
Honda - Aircraft - Business - Market - Europe
Honda said its aircraft business improved mainly due to the strong North American market and Europe. It said about half of the aircraft it delivered went to individuals, and half to corporate clients.
The HondaJet is priced at $4.9 million. That would put annual sales at about $210.7 million, based on simple calculations.
Slowdown - Business - Jet - Market - World
Despite an overall slowdown in the business jet market around the world, demand for "very light" business jets such as the HondaJet grew by 50% last year from the year before.
According to data released Wednesday by the Washington-based General Aviation Manufacturers Association, a total of 676 business jets were delivered in 2017, up 1.3% from a year before, the first rise in three years. It was just half the figure for the peak year of 2008, however.
Very-light jets carry fewer than...
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