How Much Does a Private Jet Cost? 50+ Price Statistics by Aircraft Type

Private jets range widely in price. Total ownership can cost anywhere from $3 million to $500 million, with maintenance, management, and utilization adding an additional $500,000-$5 million per year.

Private Jet Cost Quick Facts

  1. The price of a new private jet will generally fall between $3 million to $80 million. The biggest planes can cost hundreds of millions of dollars. Cabin class is one of the core determining factors for price. [1][2]
  2. Used jets are typically substantially cheaper, starting as low as $1 million. [2][3]
  3. Annual operating costs also vary dramatically based on cabin class. Annual expenses typically fall between $500,000-$1 million, though ultra-long-range planes could cost more than $5 million per year to store and maintain. Annual costs are typically estimated to be 10% of the total vehicle value. [4][5]
  4. Chartering rates are equally varied. Discounted empty leg flights may start at $2000 an hour, while ultra-luxury accommodations can cost $25,000+ per hour.
  5. Jet card memberships can cost less per hour than chartering flights. However, they generally require a minimum deposit of between $100,000-$200,000. [6][7]
  6. Fractional shares provide partial plane ownership beginning in 1/16th increments. Initial costs typically start at $500,000 and can extend into the multi-million dollar range depending on cabin class. [8][9]
  7. There are 24,270 private jets operating worldwide as of July 2024 [2]

How Much Do Private Jets Cost to Purchase?

The price that you pay for a private jet will depend on its size, range, and age.

New Aircraft Purchase Prices by Category

Used Aircraft Market — 15% First-Year Depreciation, 10% Each Year After

Used jets provide significant levels of savings, though the extent to which this is the case will vary based on model type and age.

  1. The price of a used jet can start at $1 million.
  2. It can max out in the several hundred million dollar range.
  3. As a general rule of thumb, planes depreciate 15% in their first year of operation, followed by 10% each subsequent year.

Sources: [1][2][14]

Annual Operating Costs by Aircraft Type — Typically 10% of Aircraft Value

Assumptions: Annual usage 200-250 flight hours | All costs in USD (2025) | Fuel price: $6-7 per gallon

Very Light Jets — 5-10% of Aircraft Value in Maintenance Alone (e.g., Cirrus Vision SF50, HondaJet)

  1. Fuel costs for very light jets range from $150,000 to $280,000 per year, assuming approximately 120 to 200 gallons of fuel consumed per hour over the course of 200 annual flight hours at an average cost of $6 per gallon [15][16]
  2. Annual maintenance costs can vary dramatically but typically run between $50,000 to $100,000 a year, with experts recommending budgeting between 5 to 10% of the aircraft’s value for annual maintenance [16][17]
  3. Crew costs for very light jets with only one pilot generally amount to $150,000 a year [16]
  4. Insurance premiums hover at around $50,000 a year, but might be available for as little as $15,000 to $30,000, depending on your coverage requirements [18]
  5. Hangar and storage costs typically amount to between $30,000 to $50,000 per year [17]
  6. Management fees will cost up to $60,000 a year.
  7. Miscellaneous expenses can come to up to $45,000 a year, including things like training, repositioning, taxes, and so on [19]
  8. The total annual cost of ownership for a very light jet will usually start at $400,000 and go up to $700,000.

Light Jets — ~10% of Value in Annual Costs (e.g., Citation CJ3, Phenom 300, HondaJet Elite)

  1. Light jets have an annual fuel cost range of between $230,000 and $360,000, assuming up to 239 gallons per hour consumed at 200 hours per year with an average price of $6 per gallon [7][15]
  2. Maintenance costs can start at $200,000 and go up to $550,000 annually, assuming maintenance costs of approximately 10% of the aircraft’s total value [17]
  3. Crew salaries, including the cost of two pilots, hover at between $200,000 and $450,000 per year [16][19]
  4. Insurance costs will range from $40,000 to $80,000 a year [18]
  5. Hangar and storage fees will be priced at between $36,000 and $72,000 a year [17]
  6. Management fees can cost around $100,000 annually.
  7. Miscellaneous expenses, including training and taxes, can amount to $70,000 a year [19]
  8. The total annual cost of ownership for a light jet begins at $800,000 and can go up to $1,700,000 per year.
  9. Specific example: The Honda Jet costs approximately $579,000 annually at 200 hours of operation [4]

Midsize Jets — 10% of Value in Maintenance (e.g., Citation XLS, Hawker 850XP, Learjet 60)

  1. Fuel costs for midsize jets start at $240,000 and go up to $420,000 annually, assuming 200 gallons per hour consumed over the course of 200 to 250 hours per year at a price of $6 per gallon [15][20]
  2. Annual maintenance costs will generally start at $450,000 and go up to $1,200,000, representing approximately 10% of the plane’s total value [17][19]
  3. Crew salaries, including the cost of two pilots as well as cabin crew, will begin at $285,000 and go up to $600,000 per year [19]
  4. Insurance premiums will run between $45,000 and $125,000 annually [17][18]
  5. Hangar and storage costs range from $48,000 to $96,000 per year [17]
  6. Management fees can cost between $80,000 and $150,000 annually.
  7. Miscellaneous expenses, including training, repositioning, and taxes, add between $50,000 and $85,000 per year [19]
  8. The total annual cost of ownership for a midsize jet will typically start at $1,200,000 and can go up to $2,700,000 per year.
  9. Specific example: The Citation XLS costs approximately $1,000,000 annually at 200 hours of operation [4]

Super Midsize Jets — 10% of Value in Maintenance (e.g., Challenger 350, Citation Longitude, Gulfstream G280)

  1. Annual fuel costs can start at $360,000 a year and go all the way up to more than half a million, assuming 250 gallons per hour over the course of 200 to 250 annual hours at a price of $6 per gallon.
  2. Maintenance expenses will cost 10% of the aircraft’s value per year on average, representing a cost of between $750,000 to $1,750,000 annually [17]
  3. Crew salaries will include the cost of two pilots as well as cabin crew, costing up to $800,000 a year [16][19]
  4. Insurance costs start at $75,000 a year and can go all the way up to $175,000 annually [18]
  5. Hangar and storage fees will cost between $60,000 to $120,000 a year [17]
  6. Management fees can cost up to $200,000 a year.
  7. Miscellaneous expenses add between $60,000 and $100,000 per year [19]
  8. The total annual operating cost for super midsize jets is between $2,000,000 to $3,600,000.

Large Jets — 10% of Value in Maintenance (e.g., Gulfstream G550, Falcon 7X, Global 6000)

  1. Annual fuel costs can start at $480,000 a year and go all the way up to $700,000, assuming approximately 350 gallons per hour over the course of 200 to 250 annual hours at a price of $6 per gallon.
  2. Maintenance expenses will cost 10% of the aircraft’s value per year on average, representing a cost of between $1,500,000 to $4,000,000 annually [17][19]
  3. Crew salaries will include the cost of two to three pilots as well as dedicated cabin crew, costing between $500,000 to $1,000,000 a year [19]
  4. Insurance costs start at $150,000 a year and can go all the way up to $300,000 annually [17][18]
  5. Hangar and storage fees will cost between $100,000 to $200,000 a year [17]
  6. Management fees can cost up to $300,000 a year.
  7. Miscellaneous expenses, including connectivity subscriptions, training, and taxes, can amount to between $100,000 and $150,000 a year [19]
  8. The total annual operating cost for large jets will usually start at $3,000,000 and can go up to $6,650,000.

Ultra-Long-Range Jets — 10% of Value in Maintenance (e.g., Gulfstream G650/G700, Global 7500, Falcon 8X)

Note: Calculations based on 400 hours annually (typical for this category)

  1. Annual fuel costs can start at $960,000 a year and go all the way up to $1,400,000, assuming approximately 400 to 500 gallons per hour over the course of 400 annual hours at a price of $6 per gallon [15][16]
  2. Maintenance expenses will cost between $1,500,000 to $4,000,000 annually, including engine reserves and major inspections [17][19]
  3. Crew salaries will include the cost of multiple pilots as well as dedicated cabin crew, costing between $800,000 to $1,200,000 a year [19]
  4. Insurance costs start at $200,000 a year and can go all the way up to $600,000 annually [17][18]
  5. Hangar and storage fees will cost between $150,000 to $250,000 a year [17]
  6. Management fees can cost up to $400,000 a year.
  7. Miscellaneous expenses, including premium connectivity, training, and taxes, can amount to between $150,000 and $250,000 a year [19]
  8. The total annual operating cost for ultra-long-range jets will usually start at $4,000,000 and can go up to $8,100,000.
  9. Gulfstream G650 specific example (400 hours): Variable costs of $3,518,213 plus fixed costs of $1,249,151 equal a total annual cost of $4,767,364, or $10,594 per flight hour [5]
  10. Alternative G650 calculation (400 hours): Total annual operating cost of $3,347,620, or $8,369 per flight hour [12]

Charter Flight Costs by Aircraft Type — 50-75% Savings on Empty Leg Flights

Chartering flights is the most common method of private aviation for the simple reason that it costs the least.

Ultra-Light Jets:

  1. A typical chartered flight in an ultra-light-jet costs between $2000-4000 per hour.
  2. This type of plane has a 4-7 passenger capacity.
  3. It is ideal for domestic flights that take four hours or less.

Light Jets:

  1. Chartering light-jets will generally cost between $3000-5000 per hour.
  2. Light jets are generally capable of continental travel.
  3. They can seat up to eight passengers.
  4. Examples: Citation CJ3, Phenom 300

Midsize Jets:

  1. Midsize jets will cost $4,500 – $8,000 per hour.
  2. They are capable of transcontinental flights.
  3. They seat up to nine passengers.
  4. Examples: Citation XLS, Hawker 850XP

Super Midsize Jets:

  1. Super midsize jets cost between $7000-10,000 per hour.
  2. They fall into the “extended range,” category, meaning they are typically capable of uninterrupted international flights.
  3. They will seat up to ten passengers.
  4. They cost $7,000-$10,000 per hour.
  5. Examples: Challenger 350, Citation Longitude

Source: [21]

Heavy & Ultra-Long-Range Jets:

  1. Ultra-long range jets cost between $8,000 – $14,000 per hour.
  2. They are made for non-stop international flights.
  3. They can seat up to 16 passengers.
  4. Examples: Gulfstream G650, Global 6000

Fractional Jet Ownership Costs — Starting at 1/16th (6.25%) Ownership

Fractional ownership allows multiple parties to share aircraft costs while maintaining guaranteed access.

How Fractional Ownership Works

Fractional ownership models provide private travelers with equity options at a reduced cost. Starting at 1/16th ownership (or fifty annual flight hours) businesses and individuals have the option to purchase up to 50% of the plane.

NetJets vs Flexjet Fractional Ownership Comparison

Category NetJets Flexjet
Fleet Size 781 aircraft (Feb 2025) Not specified
Customer Base 12,500 fractional, lease, and jet card customers (Sept 2024) 2,000+ customers (July 2025)
1/16 Share Acquisition Cost $500,000 – $850,000 depending on aircraft type Light Jet (Phenom 300): $500,000 – $600,000; Midsize/Super-Midsize: Higher costs
1/8 Share Acquisition Cost Light jet ~$850,000; Larger aircraft exceed $1M Not specified
Monthly Management Fees $12,000 – $50,000 depending on size and share Light Jets: $7,000 – $9,000/month (1/16 share); Midsize/Super-Midsize: $10,000 – $13,000/month
Occupied Hourly Rates $5,000 – $20,000 per flight hour Covers maintenance, fuel, pilot fees, catering
Phenom 300 Specific Rates 50-hour share: $8,901/hour; 25-hour jet card: $8,600/hour Not specified
Minimum Commitment 36 months for Share program 30 months typical, 5 years (60 months) common
Unique Benefits Buyback guarantee after 3 years; Guaranteed aircraft access or better substitute; No extra charge for upgrades Versatility Plus™ (customize annual hours); Red Label™ (dedicated crews); Exclusive Gulfstream G650 fractional home
Fleet Access Multiple aircraft types across all categories Embraer Phenom 300, Praetor 500/600; Bombardier Challenger 350/3500; Gulfstream G450, G650, G700

Craft Does Things Differently

At Craft, we utilize an investor-backed pricing model. Your deposit is put into an investment pod that owns a plane. Because there are other assets in the holding, the investment has a potential upside that can offset or completely negate the risk of depreciation.

The experience is similar to that of a fractional ownership model.

  • You retain equity.
  • Your access to the plane is proportionate to the amount of money that you put in.

However, the 10-15% annual depreciation that comes with traditional ownership is not as much of a risk.

If you are interested in learning more, book a free call today. Not only will we explain the structure of our investment pod, but we will also answer any questions you have about our planes, lead times, and areas of service.

FAQ

Q: How much does a private jet cost compared to private jet charter?

Purchasing a private jet ranges from $3 million for a very light jet to over $80 million for ultra-long-range aircraft, plus annual operating costs of $400,000 to $8 million.

Private jet charter costs run $3,000-$14,000 per flight hour depending on aircraft type, with additional landing fees, fuel surcharges, and international fees. The break-even point for own private jet ownership versus charter typically occurs around 200-250 flight hours annually.

Q: What are the fixed costs versus variable costs of private jet ownership?

Fixed costs include hangar fees ($30,000-$250,000 annually), crew salaries ($150,000-$1,200,000), insurance, and management fees that remain constant regardless of usage.

Variable costs or direct operating costs include fuel burn, maintenance costs, landing fees, landing permits, overflight permits, and deicing costs that increase with each flight hour. Fuel prices significantly impact hourly costs, with consumption ranging from 120 gallons per hour for very light jets to 500+ gallons per hour for heavy jets.

Q: How do jet card programs compare to traditional charter flight costs?

Jet card programs require upfront deposits of $100,000-$200,000 plus annual fees, offering guaranteed availability and fixed hourly rates that lock in pricing.

Traditional charter costs vary by preferred travel dates, aircraft availability, flight distance, and can include empty leg flights at 50-75% discounts. Jet cards eliminate the booking process variability but may cost more per flight hour than finding discounted charter deals.

Q: What additional fees should I expect beyond the hourly cost for private jet travel?

Beyond the base hourly cost, expect landing fees charged by the airport authority, international fees including immigration fees and customs, fuel surcharges when fuel prices spike, overnight expenses for crew members, ground transportation, and government taxes.

Round trip flights to destinations like San Francisco may incur short leg fees, and winter travel can add deicing costs. Charter companies typically bundle some fees but itemize others depending on flight duration and international flights.

Q: How does aircraft type affect private jet rental costs and private jet ownership costs?

Aircraft size dramatically impacts both charter and ownership expenses, with larger aircraft consuming more fuel, requiring bigger crews, and incurring higher maintenance costs and hangar fees.

A light jet costs $800,000-$1,700,000 annually to operate versus $4,000,000-$8,100,000 for ultra long range business jets. Charter rates follow the same pattern – turboprop flights start around $2,000 per hour while heavy jets and VIP airliners can exceed $25,000 per flight hour, with the entire aircraft, aircraft model, and interior refurbishment level affecting the purchase price and ongoing maintenance requirements.

Sources

[1] Yahoo Finance – “How Much Does a Private Jet Cost?” (May 2025). https://finance.yahoo.com/news/much-does-private-jet-cost-220655622.html

[2] AvBuyer – Private Jets Listings & Market Data (citing Aircraft Bluebook Summer 2024; JETNET July 2024). https://www.avbuyer.com/aircraft/private-jets

[3] Stratos Jets – “Private Jet Prices 2025” (December 2024). https://www.stratosjets.com/blog/private-jet-prices-2025/

[4] Simple Flying – “The Overall Cost of Owning a Private Jet in 2025” (April 2025). https://simpleflying.com/overall-cost-owning-private-jet-2025/

[5] Aircraft Cost Calculator – Gulfstream G650 Operating Costs. https://www.aircraftcostcalculator.com/AircraftOperatingCosts/248/Gulfstream+G650

[6] Private Jet Card Comparisons – Wheels Up Aviation Review (December 2024). https://privatejetcardcomparisons.com/providers/wheels-up-aviation/

[7] Private Jet Card Comparisons – VistaJet Review. https://privatejetcardcomparisons.com/providers/vistajet/

[8] Private Jet Card Comparisons – NetJets / Marquis Jet Review (December 2024). https://privatejetcardcomparisons.com/providers/netjets-marquis-jet/

[9] Elite Traveler – “How Much Does NetJets Cost?” (December 2025). https://elitetraveler.com/cars-jets-and-yachts/aviation/how-much-does-netjets-cost

[10] BlackJet / Altitude Blog – “Private Jet Price List.” https://www.blackjet.com/post/private-jet-price-list

[11] Paramount Business Jets – Gulfstream G650 Features & Costs (March 2025). https://www.paramountbusinessjets.com/blog/gulfstream-g650-features-costs

[12] SherpaReport – “Costs of a Gulfstream G650” (November 2022). https://www.sherpareport.com/aircraft/costs-gulfstream-g650.html

[13] Impact Wealth – “Best and Fastest Private Jets in 2026” (February 2026). https://impactwealth.org/best-and-fastest-private-jets-in-2026-speed-range/

[14] Private Jet Card Comparisons – “Preowned Private Jet Market Shows Continued Strength in Q3 2025” (November 2025). https://privatejetcardcomparisons.com/2025/11/20/preowned-private-jet-market-shows-continued-strength-in-q3-2025/

[15] Jettly Blog – “Private Jet Operating Cost.” https://jettly.com/post/private-jet-operating-cost

[16] The Flying Engineer – “Private Jet Cost Per Hour” (June 2025). https://theflyingengineer.com/private-jet-cost-per-hour/

[17] Latitude 33 Aviation – “The Real Cost of Owning and Operating a Private Jet” (September 2025). https://l33jets.com/resources/blog/the-real-cost-of-owning-and-operating-a-private-jet/

[18] BlackJet / Altitude Blog – “Private Jet Operating Cost.” https://www.blackjet.com/post/private-jet-operating-cost

[19] SherpaReport – “Costs: Fractional vs. Whole Jet Ownership” (May 2025). https://www.sherpareport.com/aircraft/costs-fractional-whole-jet.html

[20] LunaJets – “The True Cost of Private Jet Ownership.” https://www.lunajets.com/en/news/true-cost-of-private-jet-ownership

[21] Simple Flying – “How Much Does It Cost to Operate a Private Jet in 2025?” https://simpleflying.com/how-much-cost-operate-private-jet-2025/