LIFESTYLE

Flying High: How Much Does a Private Jet Cost?

Did you know that a whopping 45,000 flights are handled by the Federal Aviation Administration every single day?

Instead of being cramped in an economy flight with sick strangers and crying babies, it’s worth learning about private jet costs. That way, you can fly in style. After all, a private jet makes first-class look like nothing.

Are you wondering what it’ll run you? Keep reading to learn all about the average private jet cost so that you can plan a special occasion like no other.

The Cost Per Flight

If you’re unsure whether or not owning a private jet is right for you, then it might be best to take a few rides here and there until you’re ready to make the full investment. The average cost to rent a private jet will vary based on all kinds of factors, including the length of the trip, the type of jet, the business that’s renting it out, the amenities provided, and more.

To give you a better idea of the costs involved, you can expect to pay around $1,000 to $3,000 an hour. As you can see, buying your own private jet could definitely be an economical decision if you want to fly in a private jet on a regular basis. As a rule of thumb, you should get a private jet if you fly for around 240 hours a year on average.

That way, you can save money on the private jet cost per flight.

Financing Options

If you need to fly in a private jet on a regular basis but still can’t foot the bill, then you should consider getting aircraft loans. Just like you’d get a loan for your car, these loans make getting a private jet that much easier.

Another option for reducing the private jet flight cost is by going with a timeshare option. Believe it or not, people share jets like you would a condo.

The Cost Of Full Ownership

If you’re ready to pay the cost of owning a private jet, then you should know that it could end up being around $2 million to $500 million.

Did your jaw drop to the floor? If so, you’ll be glad to know that buying a used jet is always an option as well. However, depending on the make and model, a used jet could still be price-tagged somewhere in the millions.

Now You Know The Average Private Jet Cost

Now that you’ve learned all about the average private jet cost, you can start making plans for an event that you and your special guests will remember for a lifetime. After you do it the first time, you’ll love it so much you won’t want to go anywhere without a private jet.

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