What Is The Average Price Of A Private Jet? Source Bing.com
Private jets are commonly seen as a symbol of luxury and success. Owning a private jet is a dream for many people, but with the high price tag many feel it is an unachievable goal. The reality is that there is a wide range of private jet prices, and not all of them are so expensive that they are out of reach. It all comes down to the type of jet you want, and how new it is.
Types of Private Jet
The majority of private jets fall into one of three categories. The first is the very light jet (VLJ). This kind of aircraft is typically used for short flights and can hold up to six passengers. The light jet is a bit bigger and can hold up to nine passengers and travel a bit farther. The third type is the midsize jet, which can hold up to twelve passengers and travel longer distances.
Used vs New
The price of a private jet will also vary depending on whether it is used or new. A used jet can cost anywhere from a few million to tens of millions of dollars, depending on the age and condition of the aircraft. On the other hand, a new aircraft can cost anywhere from $3 million to over $100 million. The cost of a new jet can also be affected by the type of aircraft, as well as the features and amenities.
Operational Costs
When it comes to the cost of owning a private jet, there is more to consider than just the purchase price. The cost of operating a private jet can add up quickly. This includes fuel, maintenance, crew, hangar rental, and other miscellaneous costs. It is important to factor in these costs when determining the true cost of owning a private jet.
Chartering a Private Jet
If you don’t want to commit to buying a private jet, you can always charter one. There are several companies that offer private jet charter services. The cost of chartering a private jet will vary depending on the type of aircraft and the length of the flight. Generally speaking, chartering a private jet is more expensive than flying commercial, but it can still be a cheaper option than buying a private jet.
Conclusion
The cost of a private jet can vary greatly depending on the type of aircraft, whether it is new or used, and the cost of operating the aircraft. VLJ’s can be relatively affordable, while larger aircraft can cost well into the millions. If you don’t want to commit to buying a private jet, you can always charter one, which is often a more affordable option.
The Bottom Line
The cost of a private jet can range from a few million to over $100 million, depending on the type of aircraft and whether it is new or used. It is important to factor in the cost of operating the aircraft when determining the true cost of ownership. Alternatively, you can always charter a private jet, which may be more affordable than buying one outright.
