Economy Local April 20, 2025

Understanding Private Jet Ownership Costs

The cost of owning a private jet goes beyond just fuel and maintenance. Factors include insurance, storage fees, and more, which can significantly impact your budget.


Understanding Private Jet Ownership Costs

Owning a private jet involves not only expenses for fuel and maintenance. It also means that you should expect additional costs for parking the aircraft, pilot training, and other certification requirements. Is full ownership a luxurious operation? Owning a private jet means having the freedom to choose when and where to fly. On average, the cost of owning a private jet starts from several million dollars for the purchase, plus added airport and transfer costs in expenses. Lovers of exclusive experiences can rent a jet for a specific period of time, which can be a more financially effective option. Maintaining and renewing pilot skills is also an important part of owning a private jet. Certification requirements for pilots can be quite strict, so keeping them 'current' is a necessary condition. When it comes to private aviation, costs generally include much more than just the cost of fuel.