How much does a private jet cost?
Many are extremely curious to know the real cost of a private jet, some look for general knowledge, while others are interested in buying one.
And why would you like to know?
Whatever your reason, continue reading this article and we will answer your curiosity!
Let's start from the basics and see who are the usual buyers of this exclusive means of transport.
Who usually buys a private jet and looks to know the cost?
Here are the main buyers of a Private Jet (perhaps you fit among them):
- Entrepreneurs and Business Men
- Prominent political figures
- Prestigious families
- Celebrities from the entertainment world
Private jet travel is mainly for those who choose to move frequently, often purely for business needs, in a convenient and fast way.
This is the medium to use to reach different destinations in complete privacy. A factor which definitely contributes to making jet ownership so coveted and desired.
Flying in total privacy is not just a desire, in most cases it is a real need. Which is why so many professionals prefer this medium to travel from one country to another.
By its means, work commitments become much more accessible. Remaining rested and focused during transfers, can be the needed edge for professionals who need to constantly perform at their best.
This said, what is the cost of a private jet?
Here's how much a private jet would cost you
Usually the costs of a private jet vary. As a matter of fact, they do not even depend exclusively on the model.
Often, it is necessary to verify the base price of a private jet directly with the manufacturer, because it is extremely difficult to find a fixed price list.
Consequently, the prices you will read here are indicative costs. Keep in mind, every jet has its own history, its customization, and the price can absolutely vary.
To at least give you an idea of how much a private jet costs, we will look to the most prestigious and well-known models.
An Embraer Phenom 300, classified as a light jet and capable of accommodating up to 7 passengers, has a base price of $ 9.2 million.
Another well known jet is the Phenom 100, capable of flying up to 4 or 6 passengers. Its price is of around 4.4 million dollars.
The Bombardier Challenger 605, a business jet ideal for 10 passengers and perfect for long-haul travel, and costs $ 27 million.
The Bombardier Global Express is Bombardier's most important long-range aircraft. It offers up to 14 seats and 8 beds, its price is of around 45 million dollars.
The most exclusive model on the market is certainly the Gulfstream 550: it is the best selling private jet in the world designed for long flights. It can accommodate up to 14 passengers, with a price ranging from 39 to 46 million dollars.
What does the cost of a private jet depend on?
There are countless factors contributing to the cost of a private jet. Among these:
- The size of the aircraft
- If it is full ownership or fractional ownership (shared with other owners)
- If the aircraft is new or second-hand
- Any customizations requested by the customer
The cost of ownership will also depend on the intended use of the aircraft. More specifically, at the time of purchase the owner must take into consideration the following factors:
- Aircraft management
- Fuel and maintenance
- Operating costs
- Wages of the crew, etc.
Is it possible to buy a used private jet?
As in many other markets, the market for used private jets also exists. Through it you can "save" and find your ideal private jet at a slightly lower price than new.
In the case of previously owned jets, the cost can still vary based on different factors. Such as: the year of manufacture, the state of the aircraft, its required maintenance, etc.
The international market offers a vast variety of new or used aircraft, and when it comes to it, it is all about finding the right model to fit your needs.
Or alternatively, your ideal solution could be to charter of a private jet!
Thanks to private jet charters, you can skip the investment of a purchase. You will also have at your disposal (at any time) your piloted jet; even if you are planning for multiple destinations.
What are you waiting for? Book your private flight now and fly with ease, wherever you need!