"Founded in Orange County, California, in 2008, Otto Aviation is an offshoot of Bill Otto’s Otto Laboratories. The aviation company claims that the plane can fly between 18 to 25 miles on a gallon of fuel compared to two to three miles in a similarly sized jet.
Owners of the Celera 500L will be able to fly the rear-engined plane for an operating cost of $328 per hour. This number is around six times lower than similar-sized aircraft. The Celera 500L also has a very generous 4,500 nautical mile range and can cruise at more than 460 miles per hour."
Meet The Celera