Do you fly a lot? Or does your job or profession require you to make use of airplanes a lot? So, if you are sick of the frustrations and drama that accompany flying first-class, then you can go ahead and purchase a private jet. But if are curious about a private jet price, you have come to the right place. I am going to need you to keep scrolling because I have got the answers for you. And then, just by having one, you can experience freedom and comfort throughout your journey in the air.
But the cost and price of a private jet also depend on the features, size, model, and range of the jet. Equally important, if you are making plans to purchase a jet, you need to think about various factors like the maintenance costs, and many more. So, if you have thought about all of those and you are financially capable to maintain and purchase it, then go ahead. In addition, you need to be aware that second-hand jets are less expensive just like cars.
How Much Does A Private Jet Cost?
The price of a private jet varies but the cost of a new one is within the range of $3,000,000 to $660,000,000. Moreover, the maker, engine, size, and range customization also determine the price of these jets as well.
Here is a table that will illustrate more and give you well-detailed information:
|Type Of Jet||Average Cost||Total Number Of Passengers|
|Very light jets||$1.5 Million – $5.5 Million||4-7 Passengers|
|Light||$900,000 – $6 Million||8 Passengers|
|Midsize Business Jets||$ 9.9 Million – $20 Million||5-10 Passengers with more storage space + larger cabin.|
|Super Mid Jets||$5.4 Million – $26.7 Million||Up to 10 Passengers|
|Heavy Business Jets||$27 Million – $39 Million||At least 10 Passengers|
|Ultra-Long Range Heavy Jets||$35 Million – $62 Million||17 Passengers|
|Airliners||$418.4 Million – $500 Million||20 Passengers + cocktail lounge and a full bathroom|
How Much Does A Second Hand Private Jet Cost?
Similarly, to cars, purchasing a jet that has already been used will cost less, unlike a brand-new one. So, the average cost of a second-hand private jet is roughly around $14,000,000.
How Much Does It Cost To Maintain?
As mentioned earlier, maintenance cost is one of the things that you need to look out for if you are looking to buy a private jet for personal use. Furthermore, the highest cost for a business jet is Fuel.
What’s more, you also need to think about the cost of storing your jet, staffing it, and regular maintenance as well. But the average cost of maintaining a private jet is between $500,000-$1,000,000 per year. Plus, this depends on the model of your airplane as well.
How Much Does It Cost To Charter A Private Jet?
If you are not financially able to purchase a private airplane, then charter one is a good alternative. However, the only thing that may discourage to from taking this action is that renting a private jet is more expensive than flying a commercial or an economic flight.
But that does not change the fact that is it cheaper and less expensive than purchasing a new jet for your personal use. Further, flying on private jets is usually charged per hour. Moreso, the price of renting one also depends on the size, number of people, and the length of the flight as well. So, the average cost of renting a private jet is between $1200 and $12,000 each hour. In addition, the cost of chartering one also depends on your route and season.