How much does a private jet cost?
No matter who you are, there is no question that you associate private jets with the wealthiest of people… But flying in a private jet is not just reserved for rockstars and billionaires anymore! There are several ways you can take a flight on a private jet for an affordable price…
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So how much does a private jet cost? A simple search online will give you access to prices for both chartering ones and owning one. Chartering is the easiest way to go if you are not wanting to spend millions of dollars on your own plane, but still want that personal luxury.
Charter a private jet Costs
you would have to contact a plane charter service to get firm numbers, prices do vary depending upon travel needs and time of year. A good baseline for plane costs is at least $5,000 an hour which covers a light jet or a small prop plane. Larger jets can be more expensive so if you need a larger plane at $10,000 an hour and up. If you need to be somewhere fast the cost will go up to $15,000 and over.
Own a private jet costs
Owning your own plane is like anything else you buy that depreciates in value. The Aero Commander 500S aircraft by Cessna for example dropped 30% in price from 2012 to 2013. Your own plan can cost you up to $6 million dollars and uber-wealthy celebrities have been known to drop as much as $20 million on a jet.
How Much it Costs and What is the lifespan of a private jet?
How much is a 10 person private jet?
A 10-seat private jet (Citation V or Hawker 400XP) can cost $4 million to $5.6 million new.
How much is a 12 person private jet?
The Gulfstream G150 has 1–2 crew and seating for up to 11 passengers. It lists at $13,950,000 and the more tricked-out version with a range of 4,000 nautical miles can cost $17,200,000.
How much is a 14 person private jet?
The Gulfstream G650ER has 1–2 crew and seating for up to 14 passengers. It lists at $66,450,000 and the more tricked-out version with a range of 7,000 nautical miles can cost $75,200,000.
How much is a 16 person private jet?
The Boeing Business Jet 2 has a 1–2 crew and seating for up to 16 passengers. It lists at $72,500,000.
A typical private jet or turboprop can last 25 years, a light jet 20–25 years, and a larger jet 15 years. It really depends on the type of use, who uses it, and how well-maintained it is.
Can you buy a seat on a private jet?
You can buy a seat on a private jet, but it’s not as easy as buying a first-class or business-class ticket. You have to have a personal relationship with the owner of the plane who offers you space on their flight.
Conclusion
The cost of a private jet is a more difficult question than one might expect. There are several different types of private jets, each requiring the pilot to take the aircraft in another direction. The cost of these jets varies so greatly that trying to determine the “average” price is near impossible.
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