Average Cost for a Private Jet

As soon as you have completed the sales of your new Citation Q plane, your first order of engagement is to take out insure. This is the amount of the premium you will be paying; the average going rate is 14% of the same. Default acceptable coverage is $200,000,000,000, but this varies slightly according to the airplane's ages, nature of property and use.

For a CitationX aircraft worth approximately $10,000,000,000, your $30,000 in annually earned insurances are available. As a result of pricing battles between underwriters, the time of low premium rates is likely to persist, and this is good news indeed for all airplane operators. Ever since the property bubble, there' been an array of aircraft owner hangars; rates have varied according to the area you choose to build your plane on.

The cost of premium Fixed Based Operators (FBO's) convenience will be up to $5,000 per monthly, but away from such hotspots you can find a cost of $3,000 per year. Therefore, your yearly cost is $36,000 per year. Zero Flight per year still guarantees the exchange of components every 3, 12, 24, 36, 72, 120 and 144 monthly.

Continual servicing may not enhance the value of your aircraft, but it will preserve it as well as save your lives. There' not much to say on this topic except to say that you need a master and co-pilot for your Citation X. The remainder will depend on how much you are willing to fight for your luxuries.

Obviously, if you choose to travel with a cabin crew member, the cost must be included in the overall cost. It is regarded as a direct cost, which strongly depends on the aircraft model. As the aircraft becomes less heavy, it burns less and less propellant. In addition, for every single minute the aircraft travels, all the less energy is consumed.

Our Citation Jet will have a propellant usage of about 360 usa per flying hours. Overall, the annual running costs will amount to around 2,500,000 US dollars. It is also a good idea to find out about the fiscal advantages of ownership of your airplane.