Business: Private-Jet Surge

Then you flew your Lear jet up to Nova Scotia,
to see the total eclipse of the sun . . .
You're so vain.—Carly Simon, singing the rock hit You're So Vain

Learjets, Gulfstreams and Sabreliners were among the conspicuous status symbols of the high-flying 1960s, but as the decade closed, sales of executive jets and other private planes fell as much as 50%. Now, in every category of "general aviation" aircraft, which reaches from the $3,500,000 Grumman Gulfstream II jet to the tiny $14,580 Piper Cherokee, sales are once again on the wing. Manufacturers are pretty much...

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