Custom-converted commercial planes like the Boeing Business Jet (BBJ) can exceed $100M . 2. Annual Operating Expenses
The market is divided into distinct classes based on size, range, and passenger capacity. how much does it cost to buy a private jet
The most affordable entry point. Models like the Cirrus Vision Jet SF50 cost between $2M and $3.5M new. The most affordable entry point
For international travel (e.g., Gulfstream G700 , Bombardier Global 7500 ). These flagships cost between $50M and $80M+ . These flagships cost between $50M and $80M+
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Balanced for cross-country trips (e.g., Bombardier Challenger 3500, Cessna Citation Latitude ). Prices range from $15M to $28M .
Ongoing costs are split into fixed (independent of flying) and variable (per hour) expenses. Expense Category Typical Annual/Hourly Cost $350k – $1.2M+ Crew salaries, insurance, hangar fees, and management. Fuel $1,000 – $4,000+/hr Varies by jet size and current market prices (~$6.20/gal). Maintenance $100k – $1M+ Includes routine inspections and engine overhaul reserves. Crew Salaries $85k – $300k+ Per pilot; most jets require two, plus optional attendants. Hangar Fees $30k – $200k Highly dependent on airport location and hangar size.