Private Jet Cost

The purchase or charter of an aircraft can be very costly. Pricing for a brand-new private jet is between $3 million and $90 million. Although used jetliners are less costly, they still cost billions of dollar. Gulfstream G-650 is the most costly private jet on the open commercial jet scene with a strike value of 70 million US dollar.

Using extra features and adjustments, the cost can rise to several hundred million dollar. A private jet's cost of ownership is only a small part of the cost. Propellant is one of the highest cost for jet owner. Aircraft with bigger propellant tank for long-haul flight need more propellant.

There' only about 11,000 private jet holders in the United States. In view of the cost, it is easily understood why so few choose private property. Hiring a private jet is much more costly than a scheduled plane, but still much less costly than purchasing your own jet.

Private jet fares are calculated by the hours. Costs typically range from $1,674 to $8,640 per class per person per day to rent a private jet. Hiring a jet for a whole week-end can cost $100,000 or more. Except if you are spending at least 150 hrs a year on flies, hiring is probably a better alternative than purchasing.

A further possibility to travel on a private jet without owning one is to buy a private jet as an investment in a private airline member. Club members begin at US$1,750 per monthly, while those who have a plan that allows individuals to travel an infinite number of flights cost US$9,700 per monthly or more.