Back in June, my colleague Deidre Woollard first reported that the Queen of England was in the market for a new private jet. Now the London Sun reports that her budget for the plane, the first intended solely for her own use in her 50-year-reign, has been set at $12.5 million.

Since that's several million shy of the price of a Gulfstream IV, an appropriate aircraft for a head of state, we consulted an expert as to what she should spend the money on. Adam Katz, founder / owner of luxury private jet charter and management service Talon Air, says for that kind of money she may have to consider pre-owned.

"She should buy a late model midsized aircraft like a Hawker 850," Katz tells Luxist, "because it has had its roots in England for more than 50 years. The Hawker 850 is exquisitely efficient and low in cost to operate. It can fly for six hours with eight passengers; it's ultra luxurious, tried and true. The $12.5 million can buy her an almost new Hawker 850 and will serve her very well." Katz recently took delivery of the first Hawker 4000 super-midsized business jet for commercial service to add to Talon Air's burgeoning fleet.

Back in May we quoted Adam Katz, founder of on-demand luxury private jet charter and management service Talon Air, to the effect that despite the sluggish economy the luxury travel sector would continue to grow. That seems to be holding true in Katz's case, anyway; the company just added a $4 million Sikorsky S-76B helicopter to its fleet. The S-76 is a twin-engine craft designed to provide premium comfort and privacy for up to six passengers and two pilots in a "jet-like environment." The interior features first-class leather seats, wood paneling and a 4.5-foot tall cabin with more headroom than a typical helicoptert. In October, Katz plans to branch out even further - to sea, with the launch of a 135-foot, 6-bedroom, 5-bath, Serqué yacht.

As some business jet services like MAXJet and Eos are folding, while fuel costs and other annoyances plague private plane owners, a company called Talon Air apparently sees nothing but clear skies ahead. The on-demand luxury private jet charter and management service just added the ultra-luxe Legacy 600 (pictured here) to its fleet in order to meet increasing demand. We asked Adam Katz, Talon's owner and founder (and full-rotation pilot) to explain his apparently incongruous bullish outlook.

"The luxury travel sector will continue to improve," Katz tells Luxist. "The absence of those jets in the market just increases the demand for ultra high-end services like ours. Operators providing safe, luxury travel with all the amenities that are associated with these services will continue to prosper." As for onerous tariffs, "The government's inclination to impose further taxes on the general aviation and corporate or luxury travel operators will not change the broad demand for high end services," he insists. "People will always be willing to pay a fair price for exquisite, safe and convenient travel."

The twin-engine Legacy 600 (see the gallery below) can accommodate up to 13-passengers in its plush, Wi-Fi equipped 6-ft. tall cabin. It cruises at a speed of up to Mach 0.80 and has a range of 3,250 nautical miles, enough to fly nonstop from New York to London, from London (or Geneva) to Dubai, and from Singapore to Beijing. And judging from the glowing testimonial on Talon Air's website, tennis ace Pete Sampras is a big fan.