how much does it cost to build a jet

How Much Does It Cost To Build A Jet? How much does it cost to buy a private jet? Let’s review the private jet prices list. Long lines at airports, delayed flights and shrinking seats and legroom on planes have made commercial air travel an unpleasant chore. And while flying by private jet used to be a privilege reserved only for the ultra-rich, more people are taking private jets now because they’re becoming more accessible. But make no mistake: Buying or chartering a plane can still climb into the tens of millions of dollars.

Some key takeaways to consider before buying a private jet include:

  • New private jets can cost anywhere from $3 million to $90 million.
  • The cost to charter a private jet can be anywhere from $1,000 to $10,000 per hour.
  • If you’re considering purchasing a private jet, you’ll have to factor in maintenance, fuel and staff salary costs.
  • You may be able to fund a private jet purchase through personal loans, leasing options or private jet memberships.

private jet prices list

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how much does it cost to buy a private jet

The price for a brand-new private jet ranges from $3 million to $90 million. Though secondhand jets are cheaper, they still cost millions of dollars. For perspective, a pre-owned Gulfstream G650ER, the company’s flagship private jet, costs $33.5 million to $49 million on the Gulfstream website. With extras and customization, the price can soar to hundreds of millions of dollars.

Given the costs, it’s easy to see why so few opt for private ownership. The purchase price of a private jet represents only a fraction of the cost of owning one. Maintenance and repair costs depend on the size of the aircraft but typically range from $500,000 to $4 million per year.

The price of a private jet depends on its size, the number of passengers it can hold and the distance it can fly. Because of that, fuel is one of the highest costs for jet owners. Planes with larger fuel tanks for long-range flights require more fuel. For example, the Bombardier Global 8000 has a fuel capacity of nearly 50,000 pounds. Depending on how much the plane is flown, fuel costs can reach $400,000 to $900,000 per year.

How Much Does A Private Jet Cost? | Bankrate

The cost to charter a private jet

While renting a private jet is considerably more expensive than flying on a commercial flight, it is still much cheaper than buying your own jet. Flights on private jets are charged by the hour. Prices vary depending on the size of the jet, length of the flight and the number of people on board. The typical cost is between $1,000 and $10,000 per hour to charter a private jet. Renting a jet for an entire weekend can run $100,000 or more.

However, unless you spend at least 150 hours a year flying, renting is probably a better option than buying — that way, you avoid many of the yearly maintenance costs.

Can you afford a private jet?

Before you buy or charter a private jet, it’s important to evaluate the factors that influence the full price tag of a jet. Think ahead to the types of trips you want to take and the frequency at which you’ll take them; long trips with many people will likely require a more expensive plane than shorter, infrequent trips. When determining the overall cost of a jet, also make sure to factor in things like fuel, insurance, storage and maintenance.

How Much Does a Private Jet Cost? - Air Charter Service

Things to consider

When deciding whether or not you can afford a private jet, there are a few factors that you should keep in mind.

How many people will fly

Is your plane for you and a buddy or is it how you plan to travel with your family? The number of people on the aircraft will determine the size of the plane you’ll have to look for. The more people you need to fit into your plane, the costlier it could be compared to a smaller plane fit for a couple of people.

How often you will fly it

Some planes are good for quick getaways and others are made for longer trips. Take into consideration when you plan to use your plane. If you think you’ll use it every few months, you might fly a different type of aircraft than someone who flies every weekend.

Where you want to fly

Are you on the East Coast and hitting the Bahamas? Are you in California and wanting to head up to the Pacific Northwest? Shorter trips mean using an aircraft with a smaller fuel tank. If you’re heading overseas or on a trip with many stops, consider getting a plane with greater fuel capacity.

If you’re buying new or used

The cost of a brand-new plane might be higher than that of a used plane. However, the model and size of the plane also determine the cost. In general, older planes cost significantly less than newer ones, although keep in mind any additional maintenance, insurance or upkeep costs.

The number of staff members on board

You will also have to factor in the cost of hiring pilots and flight attendants, whether you’re buying or chartering your jet. According to Aviation Voice, you’ll have to budget upward of $200,000 per year for a skilled crew. You can find a crew through an aircraft management company or through the company chartering your jet.

How much maintenance you’ll need

In addition to fuel costs and flight crew salaries, you’ll need to budget for regular — and sometimes unexpected — maintenance expenses. A cracked windshield or a mechanical issue can cost tens of thousands of dollars, and that price may be higher for older models.  Minor maintenance should be performed regularly, just like with a vehicle.

How to finance a private jet

If you do decide to purchase a private jet, you’ll need to determine how you want to pay for it. Very few people can afford the cost of a jet in full, so our first recommendation is to get a personal loan.

Personal loan

With a personal loan, you can borrow money from a bank or credit union to pay for the jet upfront, then repay the loan over time. However, getting a personal loan for a private jet is much more difficult than getting one for a new car. Even the cheapest private jets can cost millions of dollars, and only select lenders will approve a loan for that much money.

If you approach a bank for a private jet loan, make sure you have a great credit score and a solid financial history. You can also look into getting a secured personal loan, which would require you to put down a valuable asset, such as your home. If you aren’t able to repay your loan, the lender would be able to legally seize your asset.

Some lenders cater specifically to loans for private jet financing, including JetLoan Capital, JetLease Capital and Global Jet Capital. The Aircraft Owners and Pilots Association also offers an online loan financing calculator to help estimate your monthly payments.

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Leasing

If you’re not quite ready to purchase a private jet, consider leasing, which has many of the same benefits of owning a private jet. Leasing a private jet is similar to leasing a new car, with the option to sign a lease from several months to several years. Most aircraft companies allow you to choose between a few different types of leases:

  • Wet lease: The lessor pays for the aircraft itself and at least one crewmember. Wet leases are a more expensive option because of the added cost of paying for a pilot or crewmember services.
  • Dry lease: The lessor pays for the aircraft without the cost of a crew but is required to use their own crewmembers. This is a cheaper option if the lessor already has a pilot and crewmember they can hire for flights.

Leasing a private jet is also a great way to test out different aircraft before making the full investment in purchasing one. And because lessors don’t legally own the aircraft, they don’t have to deal with depreciation or reselling the plane if they decide to purchase a new one.

Private jet memberships

Another way to fly on a private jet without having to own one is to invest in a charter flight membership. With these clubs, people pay for a single seat on a plane rather than the entire jet, but it’s still a very pricey option. For example, Wheels Up, a popular jet charter company, charges members between $3,000 and $30,000 to join and $2,500 to $15,000 per year after that to get access to shared flights. Memberships in these clubs come with some advantages, though, including guest passes and discounted deals for an entire family.

Where to buy a private jet

If you’ve decided on owning a plane over chartering one and have figured out the type of plane you want, there are a few places you can browse through selections:

AeroTrader.com lets you buy or sell aircrafts. Potential buyers can browse by size, location, aircraft condition (new or used), manufacturing year and even price range.

Controller lets you search for planes by state, manufacturer and aircraft certification. If you’d like, you can search for multiple models at once rather than searching for one model at a time, giving you the option to compare different options at a glance.

While many websites let you browse for planes near you, you can also do a broad search of private jets in your area. Some sellers don’t list their planes on all websites, and you may find more luck reaching out to individual owners through businesses or marketplaces. If you have a specific model in mind, some companies like Gulfstream also advertise pre-owned aircraft on their websites.

I’m going to try to stick with my original five-part agenda—initial purchase price; maintenance and operating costs; insurance; parking; and upgrades/add-ons. But as we shall see, owning a business jet, doesn’t quite match up in all the categories. I’ll explain more on that later.

Let’s start with the easy one. I found that business jet prices range from $3 million to $90 million, though one source says that about 85 percent of business jet owners buy second-hand aircraft. As Steve Varsano founder of the luxury private aircraft company of The Jet Business, says, “If you’re not flying your airplane 150 to 200 hours a year, you really shouldn’t buy one. You should just rent one.”

Depending on your budget, age or size of the aircraft you need and more – the initial purchase price can vary tremendously. It’s also important to note that most owners switch jets every four to five years, much like car owners.

There’s also a significant variance among the many business jets out there so for this article, I decided to use the Gulfstream 450, more commonly known as the G450. With Honeywell’s Primus Epic cockpit, APU, weather radar, air and thermal management, navigation and radio and other available upgrades, you can see why this aircraft peaks my interest. Here’s an idea of what it costs to own a business jet.

Purchase Price

A new G450 can cost anywhere between $38 and $43 million brand new, depending on the upgrades you add at the time of purchase. On the other hand, a pre-owned model will typically cost you anywhere in the $14 million to $35 million range. A significant variance, depending on the flight hours, upgrades and features that are on the aircraft.

1. Maintenance & Operating Costs

With the Skyhawk all we had to worry about were fuel, oil, engine reserves and landing fees. But now we have crew salaries and benefits including a flight attendant. And once you’re flying with an aircraft of this size, a lot of other fixed and variable costs come into play such as APU allowance, navigation chart service, computer maintenance and catering, to mention just a few. Let’s not get bogged down in details and just say that our total cost of ownership per year, for a Gulfstream G450 is roughly $4 million. This is based on 423 hours of usage per year. This does not include insurance or parking which I’ve broken out separately to go along with my Cessna 172 analysis.

2. Insurance(s)

Let’s figure hull insurance at $34,520 and “single limit liability” at $12,500 for a rounded total of $47,000. However, it’s important to note that insurance can increase based on several factors not limited to average flight hours, age of the aircraft and more. And, as the jet gets bigger and carry a higher payload, you can almost count on a larger premium.

3. Hangar vs tie down

Well, clearly you’re not going to leave our multi-million dollar investment out in the rain — or, here in Arizona, in the sun—so we can count on a hangar fee of around $81,000 per year. If you want to park your plane at a large, international airport, such as Los Angeles International Airport (LAX), you may pay closer to $160,000 a year or $12,000 a month.

4. Upgrades/Add-ons

The amount of upgrades offered in the aerospace industry are almost limitless with options to change out almost every product on your plane. Considering Honeywell’s extensive portfolio of next-generation technology, we can add satellite communications, in-flight connectivity solutions such as JetWave, a cabin management and entertainment system like Honeywell Ovation Select cabin management system, the SmartView synthetic vision system and more.

And although they’re not ‘aesthetic’ upgrades that you and your passengers will get excited about, it’s important to count the equipment you’ll need to cover the ADS-B Out, FANS 1/A and other mandate requirements that are coming up before the Dec. 31, 2019 deadline.

For the Skyhawk we allowed $5,000/ year. But for our Gulfstream and other business aircraft alike, Andre Fodor of Avbuyer.com suggests it could be different every year depending on how you fly. After all, we haven’t covered the cost of paint, furnishing your aircraft and other cabin-related upgrades that will make our transatlantic flights that much more comfortable. To be conservative, let’s budget $100,000 to $500,000 a year to cover upgrades.

All told, you can figure an initial purchase price from $14 to 43 million and annual costs of $4,628,000.

As you can see, there are several options for those fortunate enough to purchase an aircraft of this caliber. Whether you purchase new or used is clearly a matter of personal preference and budgetary constraints. For more information on owning an aircraft please visit faa.gov.

How Much Does A Apache Helicopter Cost

Sikorsky UH-60 Black Hawk $21 Million

Blackhawk UH-60 most expensive military helicopters
Christopher Dewitt

Developed by Sikorsky Aviation in 1979 to replace the Bell Iroquois, the Black Hawk helicopter has seen action since the early 1980’s, from the Caribbean in the Invasion of Grenada, to Somalia fighting Mogadishu warlords. The Black Hawk is a highly versatile aircraft. Although a transport chopper, the UH-60 is deadly when outfitted with electronic warfare systems, as well as heavy armaments. The Black Hawk can also be equipped with an array of missiles including AGM-114 Hellfire missiles, and AIM-92 Stingers. The latest versions of this helicopter carry two General Electric 701D turbo shaft engines that allow it to achieve excellent speed and maneuverability.

Bell AH-1Z Viper $31 Million

AH-1 Viper helicopter
Staff Sgt. Artur Shvartsberg, U.S. Marine Corps

The AH-1Z Viper began its service for US Armed Forces in 2000. Created as a precision attack platform, the Viper operates at longer ranges and identifies targets further away than other similar choppers. The AH-1Z maintains a slew of long range sensors centered around the Longbow Fire Control Radar System. These guide the variety of missiles that the Viper can deploy such as AIM-9 Sidewinders and AGM-114 Hellfires. Furthermore, the Viper has 75 percent fewer moving parts than other comparable four-bladed rotor systems. This helps lengthen the helicopter’s long term survivability.

Kazam Mi-35 $36 Million

Afghan Army Air Corps Mi-35
Tech. Sgt. Edward Gyokeres, U.S. Air Force

The Mi-35 is the Russian Armed Forces’ primary ground support chopper. Main applications of the aircraft are providing air cover for infantry movement or surgical ground ops, and engaging enemy armor from above. The Kazam is also designed to insert and extract troops to and from the battlefield with ease and flexibility. The chopper’s non-retractable landing gear allow for touch down and take-off on extremely uneven terrain.

Denel Rooivalk $40 Million

Denel Rooivalk Helicopter in Flight
Denel Rooivalk

This South African aircraft was developed by Denel Aviation. The Rooivalk was designed to be the South African Defense Forces (SADF) most advanced attack helicopter, and to be operated by the elite 16th Squadron based in Bloemspruit Air Base. Many military experts describe The Rooivalk as an “agile gunship”, denoting its heavy armaments complimented by its exceptional maneuverability and speed. Denel designed the aircraft with dual turboshaft engines, based on earlier models utilized by SADF.

Eurocopter Tiger $41 Million

Eurocopter Tiger most expensive military helicopters
Sgt. Rick Frost, U.S. Army

The product of a joint venture of France’s Aérospatiale and West German developer MBB, the Eurocopter was intended to be mainland Europe’s answer to the Soviet military choppers of the late 1980s. The result is a multipurpose aircraft capable of a slew of different missions including armed reconnaissance, anti-tank operations, and close air support. The versatility of the Eurocopter is in its ability to combine high level flight performance with its firepower. The chopper’s 13 meter main rotor and narrow hull give the Eurocopter outstanding agility (Tiger can perform full loops and negative g maneuvers), while the twin Rolls-Royce MTR390 turboshaft engines allow it to achieve 187 knots.

Sikorsky Sea Hawk $43 Million

Petty Officer 3rd Class Zackary Landers, U.S. Navy

The Sea Hawk was developed to address the US Navy’s need for a large maritime warfare chopper. It would need to have superior search and rescue capabilities, and be large enough to carry the quantities of equipment Navy airmen require for their sorties. The Sea Hawk is used to deploy anti-warship weapons such as Mk series torpedoes, and is large enough to provide secondary roles of combat search and rescue and evacuation. The Sea Hawk’s size and advanced capabilities cause it to be one of the most expensive military helicopters on earth.

NH-90 $50 Million

NH-90 Helicopter Lands on Aircraft Carrier
Petty Officer 3rd Class David Flewellyn, U.S. Navy

This military helicopter is the product of a joint venture of several European aviation companies. Their goal was to give NATO pact nations a surgical helicopter that could also operate in maritime environments. First deployed in 2007, NH-90 was the first military helicopter to operate entirely with Fly by Wire controls, a system that replaces the traditional manual controls with an entirely electronic interface. There are currently two main variants serving the militaries of 13 countries. These include the Tactical Transport Helicopter (TTH) for army use and a maritime version, or NATO Frigate Helicopter (NFH).

Boeing V22 Osprey $72 Million

V-22 osprey Boeing Landing
Sgt. Cuong Li

The V-22 Osprey has been in deployment in the US military since 2007, operated primarily by the Marine Corp. The V-22 is the first military tilt-rotor. This design gives the aircraft the speed of an airplane coupled with the quick, vertical take-off and landing of a helicopter. The Osprey became infamous for the runaway costs of its development program in the late 1980s. The price tag on the program increased from an estimated $2.5 billion in 1986, to a whopping $30 billion in 1988. Tactical demands by military officials for the chopper, such as requiring that the aircraft’s wings fold to fit navy ships, contributed to this explosion in costs.

Sikorsky CH-53K King Stallion $95 Million

CH-53K King Stallions Lined Up
Lockheed Martin

The Sikorsky/Lockheed King Stallion is the United States Marine Corp’s new heavy duty chopper and the most expensive military helicopter ever made. This military helicopter is under development to replace the older Super Stallion. The CH-53K takes the transport of war materials to a new level of scale and efficiency. With a length of 99 ft and a 27 ft height, the King Stallion’s massive cargo hull is capable of containing two fully loaded “master pallets” or a fully armored military Humvee. Two General Electric T408 engines, each with 7,500 horsepower, propel this monster to a maximum speed of 170 knots. While the chopper is still in development, prototypes have been in the possession of the Marine Corp since 2014.

apache helicopter cost per hour

Top 10 Luxury Helicopters in the World

Most people have heard of personal and charter jets, but luxury helicopters are the genuine gems. Not only are these aircraft comparatively less expensive, but helicopters can approach places that bulky jets can’t. Having a private or commercial helicopter is expedient, more environment friendly, and a symbol of status. Celebrities including Brad Pitt and Angelina Jolie and Donald Trump own a luxury helicopter, and this slot market has grown considerably in recent years due to demand from the rich.

They are well-appointed with all the newest technology, and interior seating marks that are designed in fine Italian leather upholstery.

Therefore the list of top 10 luxury helicopters is given below:

1. Augusta Westland AW119 Ke Koala:

luxury helicopters

The Koala is chiefly used by law enforcement, but it can easily provide accommodation to a group of corporate directors traveling on business. It has a VIP services quite adequately, with premium leather upholstery and seating for about 6 passengers and 2 operators. The Koala reaches a top speed of 166 mph (267 km/h) and a range of 618 miles (995 km). Price ranges from $1.8 to $3 million.

2. Eurocopter Hermès EC 135:

luxury helicopters

Though this brand of luxury helicopters is not suitable for long distant trips, is has a class apart built. The typical EC 135 will cost you a mere $4.2 million, but the one with the interior design from the best in class designer will cost you up to $6 million. The top speed is 178 mph, but the range is just 395 miles.

3. Augusta Westland AW109 Grand Versace VIP:

luxury helicopters

Augusta Westland teamed up with the Italian fashion house Versace to produce a super luxury interior for this fancier version of the AW109. The top speed is about 177 mph and a range of 599 miles. The mere difference is that all 599 of those miles will be more luxurious for the VIP passengers. Hence, will cost you $6.3 million price tag and the helicopter is fully covered in Versace leather, design and exterior.

4. Eurocopter Mercedes-Benz EC 145:

luxury helicopters

If you’re a Mercedes fan, now you can fly your preferred brand helicopter too. A regular EC 145 costs about $5.5 million, so the Mercedes version is going to cost anywhere around $7 million. But it’s totally worth it. No other Mercedes can go 153 mph while flying 17,000 feet above the ground. It has all the luxury of the famous German sports.

5. Eurocopter EC 175:

luxury helicopters

The EC 175 made its wonderful first appearance at the Paris Air Show in 2009. The chief feature of the EC 175 is that it can hold 16 passengers contentedly inside. The top speed reaches 178 mph (286 km/h), with a range of 345 miles (555 km). It costs whooping $7.9 million.

6. Eurocopter EC 155:

luxury helicopters

This is a luxurious chopper. Its top speed is an impressive 200 mph with a range of 533 miles. It can seat as many as 13 passengers; this spacious EC 155 aircraft will cost you $10 million.

7. Sikorsky S-76C:

luxury helicopters

The Sikorsky S-76C is more generally known as Black Hawk. The massive interior is large sufficient to fit up to a dozen passengers, but the seating occupies 4 passengers in Black Hawk model. It reaches a top speed of 178 mph (286 km/h) and has a range of 473 miles (761 km). It would cost you a $12.95 million.

8. Augusta Westland AW139:

luxury helicopters

The AW139 is appropriate for law enforcement, armed patrol and firefighters. It has a capacity to seat 8 passengers. The AW139 can reach an unbelievable top speed of 193 mph (310 km/h), with a range of 573 miles (922 km). It carries a beautiful interior costing you a hefty $14.5 million.

9. Bell 525 Relentless:

luxury helicopters

Like the Gulfstream 650 jet, the Bell 525 Relentless helicopter isn’t on the market currently. This chopper is going to cost $15 million. They predicted that the seating will be for 16, a top speed of 162 mph, and a range of 460 miles. This bright yellow Relentless with amazing seating will cost you a fortune.

10. Sikorsky S-92 VIP Configuration:

luxury helicopters

The S-92 can safely accommodate 9 passengers in its extensive interior cabin. The prices vary exponentially if you plan on decking the interiors with gold or crystal. The top speed of the S-92 is around 194 mph (312 km/h), with a range of 594 miles (956 km). The prices range from $17 million to $32 million.
Helicopter charter can be the most stress-free travel familiarity you will ever have. Which includes being able to travel outside of airports to reach vital meetings or even other flights in a different airport. Though rich class can afford these luxury helicopters, they are worth the investment.

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