Dassault has unveiled the Falcon 2000S with the goal of creating a full-size Falcon with a midsize price ideally suited for an eight-hour flight.

With a price tag of under $25 million, Dassault claims the Falcon 2000S will feature the largest cabin, longest range and best performance in its class .

New inboard wing slats and high-Mach blended winglets enhance aerodynamic efficiency, so the 2000S can get in and out of small, convenient airports.

After years of waiting for China to lift heavy restrictions on airspace, wealthy travellers and aircraft manufacturers have reason to celebrate — the country’s skies are opening up to private flights.

The makers of helicopters and small business jets are predicting a major bump in sales — France’s Dassault Falcon just moved its Asia office from Kuala Lumpur to Beijing, which it called the new “centre of gravity” for the market.

The private air travel industry “will be one of the fastest-growing sectors in the next 10 years”, Frank Lee, chairman of China Private Aviation Company, a consultancy offering aircraft acquisition and charter services, told AFP.

Nicolas Sarkozy’s ‘bling bling’ reputation reached new heights last week when it emerged his new 80 million jet has been named ‘Carla’ after his wife.

The French President defied the recession last year to order $390 million worth of planes, including an Airbus designed to be bigger than any flown by other European leaders, and two corporate run-arounds for shorter trips.

The first, a hugely luxurious Dassault Falcon 7X, has now been delivered complete with the hand-painted legend ‘Carla One’ glistening on its side, in honour of First Lady Carla Bruni.

Royal Bank of Scotland cancelled a $45 million order for a luxury private jet that would have been used by its ousted chief executive and other executives if the bank had not needed a taxpayer bailout.

R.B.S. is majority-owned by the British government and is mired in a high profile row over a £16.6 million ($23.7 million), pension pot for the chief, Sir Fred Goodwin.

R.B.S. placed the order for the ultra-modern long-range Falcon 7X worth $45 million about five years ago, and the plane was due to be delivered this year.

The New York Post’s Jennifer Keil and Chuck Bennett reported in Monday’s paper that Citigroup is about to upgrade to a new $50 million, twelve-seat corporate jet.

The New York Post, citing “a source familiar with the deal,” reported today that Citigroup executives authorized the purchase of a new Dassault Falcon 7X, which seats 12 in leather seats and sofas and includes a custom entertainment center.

Citigroup received $45 billion from the government last year, including a $20 billion emergency infusion in November.

French aircraft manufacturer Dassault has introduced a jet that changes the playing field for business jet manufacturers operators and pilots. That jet is the $50 million Falcon 7X.

The Falcon 7X is perhaps the most coveted ultra-long range private jet in all of Europe and flies faster, further and higher than its predecessors.

It is the largest Falcon tri-jet business aircraft produced, and Dassault states that the Falcon 7X is the world’s first fly-by-wire business jet.