Why no 4th Gen Aircraft?
Many readers will ask why 4th Gen platforms are not already on contract. First, a generational leap in platforms brings supportability challenges, the issue of composites, fly-by-wire and an absolute must for active OEM and design authority support to your operation as a private entity. Second, the acquisition and subsequent operating costs are likely to place you close to, if not above the magical $25,000 per flight hour. Third, and most importantly, relates to any US Defense Article on the US Munitions List which is governed by the US International Traffic in Arms Regulations (ITAR).
For any private entity to acquire an F-16 capability, it would require approval from the Department of Defense Trade Controls (DDTC) in the State Department that issue Third Party Transfer (TPT) approval and the Defense Technology Security Agency (DTSA). Likely provisos may well include for use within the CONUS and non-acquisition by a non-US private entity. Finally the reader will be aware that most nation states operate a 4th Gen fighter as their primary combat capability.