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February 15, 2021
MONTREAL (Reuters) - Learjet, the sleek private jet used by celebrities for decades, is ending production this year, following a slump in demand due to competition from newer and less-expensive rivals.
Still, Learjet lost ground, with just 11 deliveries last year, compared with 112 deliveries in 2001, according to JETNET data and Bombardier.
“At the end of the day there were more current options out there,” said Guardian Jet managing partner Don Dwyer.
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