Cost guide
What does it cost to own a private jet?
Beyond the purchase price there are fixed costs and costs that depend on flight hours. Here is what to know.
Fixed costs (even when not flying)
Flight crew
Pilots and sometimes a flight attendant: salaries, training and yearly checks.
Hangar
Protected parking at an airport. Prices vary a lot between airports.
Insurance
Depends on the aircraft value, pilot experience and the regions flown.
Management and records
Registration, airworthiness, maintenance programme and records, usually through a management company.
Variable costs (per flight hour)
Fuel
Often the biggest cost, and it grows with every flight hour.
Maintenance and engines
Routine maintenance, major inspections every few years, and a reserve for engine overhauls.
Landing and ground fees
Landing fees, handling, ground services and crew accommodation.
Roughly how much
As a general estimate only: about $1M a year for a light jet and $3M–$5M a year for a heavy jet, depending on how much you fly. The real figure depends on each case.
When to buy and when to charter
Flying more than roughly 200 hours a year usually favours ownership. Below that, leasing or charter can make more financial sense.
How to reduce the cost
A well-kept pre-owned aircraft, a management company that shares costs, and chartering the aircraft out when you are not using it, subject to licensing rules.
All figures are general estimates only, not a quote.