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Design of the Premier I began early in 1994 at the Raytheon Aircraft Company, and the aircraft was officially launched at the NBAA in September 1995. Construction of the first prototype commenced in late 1996, the first flight took place on 22 December, 1998 and FAA certification was granted in March 2001.
The Premier I has a composite fuselage and traditional metal wings. It is powered by two Williams International FJ44-2A engines each rated at 2,300 lb of thrust.
The Premier I was upgraded as the Premier IA in 2006; same engines but improved brakes, avionics and a redesigned cabin. The Premier I and IA can be certified as light aircraft for operation by a single pilot.
2008 saw the release of the Premier II, rebranded in 2010 as the Hawker 200 following the acquisition of Raytheon by Hawker Beechcraft. The Hawker 200 was powered by a pair of Williams International FJ44-3AP turbofan engines, each rated at 3,050 lb of thrust, and was fitted with winglets.
Production of Hawker Beechcraft business jets ceased in 2013.
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| World fleet | Charter fleet | Typical pax | Cabin volume | Cruise | Range | Years | |
| Premier 1 | ●●● | ●● | ● | ●●●●●●●●● | ●●●●●●● | ●●●●●● | ●●●●●●●●●● |
| Premier 1A | ●●● | ●● | ● | ●●●●●●●●● | ●●●●●●● | ●●●●●● | ●●●●●●●●●● |
| February 13, 2023 | Aerocor maintains top position in VLJ sales |
| June 23, 2022 | Peregrine STC improves Premier I and IA lighting |
| December 16, 2021 | Aerocor launches new Premier I/IA owner's guide |
| March 22, 2021 | Premier fleet update is a first for Aerocor |
| July 20, 2020 | PWI's LEDs to light up more business aviation cabins |
| March 3, 2020 | FAI doubles Premier 1A light fleet |
| July 14, 2019 | German expansion adds options for Dutch Exxaero |
| October 4, 2016 | Nomad's Premier 1 clients to enjoy more space with five seat format |
| September 15, 2016 | Two further aircraft for Bookajet as it overhauls company branding |
| December 3, 2014 | Me & My Aircraft – Small jets: Buyers are spoilt for choice in crowded small jet segment |
| October 15, 2012 | Manhattan corners the market in Premier 1s |
| July 9, 2012 | Me & My Aircraft: Fresh contenders will bring the best technology to the light jet arena |
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