How Learjet Failed…
Ask anyone to name a private jet, and they will respond with the same company: Learjet. Yet despite having created the modern business jet, the company's recent ceasing of aircraft production clearly signals how Learjet as a company, has failed...
In its nearly 60 year history, the company delivered a total of 3058 aircraft to customers on every inhabited continent, becoming an icon in the process. But alas, the company is little more than a shell of its once-great self.
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History
Before we can discuss how and why Learjet has failed, we must first look at the background of the company and how it has evolved over the years.
Founding
In 1962, self-taught American engineer Bill Lear decided enough was enough. ...
