{"id":28162,"date":"2014-12-15T12:17:15","date_gmt":"2014-12-15T17:17:15","guid":{"rendered":"https:\/\/www.aircharter.com\/?p=28162"},"modified":"2024-02-06T07:39:23","modified_gmt":"2024-02-06T12:39:23","slug":"private-jet-cost","status":"publish","type":"post","link":"https:\/\/www.aircharter.com\/es\/private-jet-cost\/","title":{"rendered":"Private Jet Cost of Ownership vs Private Jet Charter"},"content":{"rendered":"

Private Jet Cost of Ownership versus Charter\u00a0<\/strong><\/em><\/h2>\n

Many customers\u00a0wonder what are the costs of owning or chartering a private jet. Very few realize that a\u00a0private jet’s cost of ownership for is not only a one time payment, but a large challenge. Upkeep costs, fuel costs, parking, registration, refurbishment costs, and of course regular mechanical upkeep can be valued at hundreds of thousand dollars a year, and can quickly add\u00a0up. Below we will explain a few different scenarios by giving real world examples of three different private jet cost estimation calculations.<\/p>\n

\"lear<\/a>

This learjet 45 is an extended range variant of the lear 40. With a purchase price of $11.5 million, it is in the same price range as its lear 40 counterpart.<\/p><\/div>\n

Firstly, let\u2019s look at a Bombardier Learjet 40. A light jet well known for its range, and a great jet to own for regular travelers. The Learjet 40 usually is configured for 7 or 8 passengers and is very\u00a0comfortable to fly in, and is known for being a\u00a0mechanically reliable aircraft. Many prefer the Learjet 35A but the Learjet 35A has been discontinued for 10 years now, which makes buying a new jet is no longer possible. A new Learjet 40 costs approximately $9.5 Million. Where as chartering one costs approximately $2900 an hour, a much more manageable\u00a0aircraft\u00a0rate. We must\u00a0remove the cost of fuel, because a private owner would of course have to pay for his\/her own fuel. A standard fuel burn rate comes to approximately $700 an hour, leaving us with a $2200 an hour private jet cost. A basic\u00a0calculation tells us if one were to fly over 4,318 hours, purchasing\u00a0the Learjet 40 would be a better option. But realistically, even then, with a frequent flyer who\u00a0averages two hours of flight per day, every single day, would mean the accumulation of those flight hours would take nearly 24 years. No private owner would ever keep a jet for 24 years, and even if they did, maintenance and other private jet costs over 24 years would be very close to $3-4 Million. Of course, owning\u00a0your own aircraft is much more convenient, that is without any doubt. But it is almost always a smarter option to charter your jet given the huge cost of ownership.<\/p>\n

Next, lets look at a much larger aircraft, the all new\u00a0Gulfstream G650. With a current street price of $72+ Million, it\u2019s quite the costly private jet. Ordering directly from Gulfstream means you will not see your jet until 2018 (or even later). Though there are multiple G650s for charter right now. Let us make\u00a0the same calculations as before. Removing fuel, just like earlier, a G650 costs approximately $7500 an hour to charter. With 14 seats on board, that\u2019s under $600 per hour per passenger. Assuming you buy a G650 from a private seller\u00a0today for $77 Million, it would take 10,266 hours of charter to make back the G650\u2019s value. Again, with 2 hours averaged flight per day, that would be over 56 years. This of course isn\u2019t considering the horrendous maintenance cost for a jet this size. Of course, owning a G650 is a special level\u00a0of luxury, but charting one is the same level of comfort and speed, and also allows you the option of traveling\u00a0in a smaller jet if you have fewer passengers or traveling\u00a0in a larger jet if more space is needed.<\/p>\n<\/div><\/div>

\"private

This G550 can cost just over $50 million. Chartering one today is a much more reasonable $9,000 an hour.<\/p><\/div>\n

Finally, we look at a VIP Boeing 757 BBJ, the ultimate in luxury available, and easily capable of carrying 50+ passengers with the correct\u00a0configuration, allowing bedrooms, full sized bathrooms with showers, and conference or meeting rooms. A jet of this calibre is can cost\u00a0upwards of $200 Million for a new jet, with fully customized\u00a0internal seating. A BBJ minus fuel burn costs is estimated at approximately $15,000 per hour. Our\u00a0previous calculation tells us the return of investment is at 13,333 hours, or 73 years (2 hours per day). There is no scenario in which buying a jet of this size is worth the many investments that make up it’s total\u00a0cost. Unless you intend to fly at least 8 hours per day, everyday, carrying at least\u00a020 people at any given point. There is no need to explicitly discuss maintenance fees for an aircraft of this calibre, something as simple as refurbishment can cost tens of millions of dollars or more.<\/p>\n

Keep in mind that all of our\u00a0prior calculations are just estimations of private jet costs. If you plan on buying your own private jet, you will require\u00a0pilots, and if necessary, flight attendants. There are certain scenarios in which buying your own private jet is a much better alternative than charter. If you require\u00a0your jet ready to go with zero notice, it is always better to own your own private aircraft. Although private jet charter can arrange for jets within or under 30 minutes, availability remains\u00a0the biggest issue and occasionally, an aircraft will need to be ferried from a nearby airport, whereas that aircraft would be directly accessible to you when you need it (given you have your own pilots and crew).<\/p>\n

If you are interested in chartering or even buying a private jet, we are available to help you every step of the way, with nearly 30 years of experience in the private aviation field, we will make sure that you always get the very best possible offers for your private jet charter request.<\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Private Jet Cost of Ownership versus Charter\u00a0 Many customers\u00a0wonder what are the costs of owning or chartering a private jet. Very few realize that a\u00a0private jet’s cost of ownership for is not only a one time payment, but a large challenge. Upkeep costs, fuel costs, parking, registration, refurbishment costs, and of course regular mechanical upkeep can be valued at hundreds of thousand dollars a year, and can quickly add\u00a0up. Below we will explain a few different scenarios by giving real world examples of three different private jet cost estimation calculations.<\/p>\n","protected":false},"author":25,"featured_media":27578,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[345,312],"tags":[],"class_list":["post-28162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-jet-charter","category-private-plane-charter-cost"],"yoast_head":"\nPrivate Jet Cost of Ownership vs Private Jet Charter - Aircharter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aircharter.com\/private-jet-cost\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private Jet Cost of Ownership vs Private Jet Charter - Aircharter\" \/>\n<meta property=\"og:description\" content=\"Private Jet Cost of Ownership versus Charter\u00a0 Many customers\u00a0wonder what are the costs of owning or chartering a private jet. Very few realize that a\u00a0private jet’s cost of ownership for is not only a one time payment, but a large challenge. Upkeep costs, fuel costs, parking, registration, refurbishment costs, and of course regular mechanical upkeep can be valued at hundreds of thousand dollars a year, and can quickly add\u00a0up. 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