Half the range cuts you off from many markets. See, range below some 700km is better handled by a helicopter than a jet because of the time it takes to get to and from the airport. There isn't so much market between 700 and 1100 km ranges... And the speed is ridiculously low - typical for turboprops say Pilatus PC-12.

And as others have pointed, it is really an abuse of jet engine. Operating it at this speed and altitude means deeply sub-optimal fuel use. The thing will be costly and scary (one engine) to operate.

I don't think this will get anywhere at all. It is much worse than even the Eclipse, that offered a much better plane at a similar cost (1.5M initially in 2007 dollars ~$2M now), and still bankrupted. And there are many more good light jets on the market now than in 2007.

I know very little about this - but casual Googling suggests helicopters aren't necessarily better.

This Quora answer from 2015 [0], suggests $6m for the Augusta 109 [1], that has range of 982 km but has a speed of 285 km/h.

So that is 3x the price for half the speed?

[0]: https://www.quora.com/What-is-the-best-private-helicopter-to...

[1]: https://en.wikipedia.org/wiki/AgustaWestland_AW109

700km is around 2 hours with a high speed train.

There are railway stations in every city center and it doesn't take an hour trip to get to it, contrary to an airport.

I don't know which land you're from, but in the US (I assume the main market) almost all trains have a max of 177 km/h [0]. There are about 4 lines in western Europe that go faster than 300 km/h [1].

[0]: https://en.wikipedia.org/wiki/High-speed_rail#/media/File:Hi...

[1]: https://en.wikipedia.org/wiki/High-speed_rail#/media/File:Hi...

I am from Europe.

Well, your trains are terrible. Our have a cruise speed > 300 km/h.

So am I.

If you check the second map from my previous comment it's of Europe from 2011 [0].

There were 5 >300 km/h trains, and 4 of those are in France.

But I think the market they're aiming at is more US - it's more sparse than Europe and more normal to travel long distances.

Nevertheless if someone was rich enough to own one and based themselves in Switzerland - with a range of 1000km you can get as far as Madrid, Malmo, any where in Italy and nearly Greece. With 2000km (which it is capable of) you can go anywhere in Europe in one go - no changing trains.

[0]: https://en.wikipedia.org/wiki/High-speed_rail#/media/File:Hi...

The speed isn't ridiculously low compared to the Phenom is the only point I was making, certainly considering that it's half the price.

The range can be extended to 2,200 km if it's just one person flying.