Private Jet Prices
Private Jet Prices Many people wonder what are the costs of owning or chartering a private jet. Very few people realise that the cost of ownership for a private jet is not only a one time payment, but a challenge. Upkeep costs, parking, registration, fuel costs, refurbishment costs, and of course mechanical upkeep can be valued at hundreds of thousand dollars a year, and can quickly pile up. Below we will explain a few different scenarios by giving real world examples of three different private jet prices. Firstly, let’s look at a lear 40. A light jet well known for its range, a great jet to own. The lear 40 usually is configured for 7 or 8 passengers and is quite comfortable to fly in, and is known for being quite mechanically stable. Many prefer the lear 35A but the lear 35 has been discontinued for 10 years now, 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 to charter. Lets remove the cost of fuel, because a private owner would have to pay for fuel. Fuel comes to approximately $700 an hour, leaving us with a $2200 an hour cost. A flat calculation tells us if one were to fly more than 4318 hours, buying the Learjet 40 would be a better option. But realistically, even then, a frequent flyer with an average of two hours of flight per day, everyday, would mean the accumulation of those flight hours would take nearly 24 years. No private owner would keep a jet for 24 years, and even if they did, maintenance costs over 24 years would be something very