Hawker Beechcraft, the business jet spinoff of Raytheon has released their latest jet, the Premier II.

Evolving from the successful Premier IA, the Premier II will feature higher cruise speeds, a 20 percent longer range with four passengers and an increased payload… while still offering the largest cabin and most technologically advanced single-pilot business jet in the world.

The Premier II will be a twin turbofan, swept wing, light jet aircraft featuring a high-strength, state-of-the-art all-composite fuselage that allows for a medium-jet sized cabin at light jet costs.

The planes will use new FJ44-3AP turbofan engines from Williams International which offer more than 23 percent more thrust from the Premier IA (and have lower emissions than those of the Premier I). Combined with new elliptical winglets which offer reduced drag, the new engines let the business jets hit a maximum cruising altitude of 45,000 feet and fly farther.

The Hawker Beechcraft Premier II is expected to be put into service in 2010 with orders being taken at present.

The biggest, fastest and the longest-range plane to date has been unveiled. The makers of the private jet that became a must-have accessory for super-rich folks and czars of corporate world, the Gulfstream V, have announced their new model, the Gulfstream 650.

A mock-up of the jet was unveiled yesterday at Gulfstream’s Savannah, Ga., factory, but the designers clearly have their eye on northern New Jersey’s Teterboro Airport, the hub for business aviation in the New York area.

It will have a range of 7,000 nautical miles (about 12,950 km) at a speed of 0.85 Mach, which means it would be able to fly non-stop from Los Angeles to London.

A popular pastor, Mac Hammond of Living Word Christian Center in Minnesota is having to give up one of his pricey toys, his own private jet.

Hammond is reportedly marketing the Cessna 650 business jet aggressively and plans to reinvest the money in the ministry.

The Minnesota Star-Tribune also reports that the Living Word has also cut its hourlong TV show on Sunday mornings in half to save money.

This is the Aerion Supersonic Business Jet, the first private plane that will fly at 1.6 Mach.

The first unit has just been purchased by Sheikh Rashid, the ruler of Dubai. This bird will be able to fly the Ellisons, Jobs and Gores of this world from Paris to New York in just over 4 hours, so even while it has a $80,000,000 price tag, there will be no demand problems for it.

The aircraft specs are amazing: Thanks to its design, the Aerion Supersonic Business Jet will be able to cruise at 1.15 Mach over land without producing any boom on the ground.