Private Jet Ownership Costs

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The cost of jet plane ownership is large, huge. Even the most prosperous of individuals eventually wind-up selling their jets when their financial get hammered. Seemingly, only corporations can maintain private jet ownership for an extended period of time, but even there they are being scrutinized more than ever. Executive jets being seen as an extravagance by shareholders.

The Costs: The first and obvious cost to a private jet is the purchase price. With light jets starting around the four million dollar mark and going up from there, that make private aircraft some rarified air. Spending that kind of money for something that some may see as a toy or an extravagance is hard for outsiders to accept. That kind of cost also takes a lot of arguments to justify from a financial position.

But as some may be able to afford the purchase cost, the expenses are just starting. There are the typical costs associated with all aircraft like hangar fees and insurance. Then comes the special jet fees like a staff to pilot the jet, maintenance to service the aircraft and possibly service staff while in flight. While a private airplane can be piloted by anyone with pilot's license, piloting a private jet takes more experience and usually only by professional pilots. Professional pilots do not come cheap, neither do the maintenance staff. Jets take specialized care and specialized fuel.

Ownership Options: The first and most obvious option to outright ownership is to charter. Chartering a jet can allow one to get where they need in comfort without the huge start-up costs. Although, charters can be relatively expensive in themselves, a single flight in a private aircraft can be readily justified by urgencies of the trip, number of passengers, time saved, etc. This is opposed to the ongoing costs of full ownership.

The hybrid option between jet ownership and jet charters is called fractional ownership. Fractional airplanes are planes where the many owners share the cost of ownership. With jets fractional ownership comes with many perks mainly the ability to fly the entire fleet instead being relegated to the one jet purchased and shared. There are still flight hours and fuels costs for trips, but these are per use fees and not ongoing fixed expenses. Giving the benefits of both private jet ownership while making the fiscal sense of a jet charter.

Our Private Jet Charter Fleet

Light PRIVATE Jets: 8 Passengers

A light jet is a category of small jets seating anywhere from 4 to 8 people (depending on configuration) and often with a maximum takeoff weight of under 10,000 pounds. Light jets are considered the lightest business jets and are approved for single pilot operation. Light jets are ideal for shorter trips for business meetings or family getaways.

Midsized PRIVATE Jets: 10 Passengers

Midsized jets – also referred to as mid-sized jets, are great for long distance travel such as transcontinental flights or trips requiring larger passenger capacity (depending on configuration). Unlike a light jet rental, Mid-size private jets are incredibly versatile private aircraft, combining the comfort and space of larger personal planes, with the speed and agility of small private jets. Private jet speeds help the aircraft travel a range of over 5,000 nautical miles and typically seats 7 to 10 passengers.

Super MidsIZED JETS: 16 Passengers

Super mid-sized jets are designed to comfortably accommodate from 8 to 16 passengers (depending on configuration) - with substantial baggage space. Super mids can be chartered for international, non-stop transcontinental or mid-range travel with an average flight range of up to 9 hours of flight time - or 4,500 miles - in optimum conditions.

Large PRIVATE Jets: 16 Passengers

Large cabin jets have a cabin height of over six feet. Cabin width varies from nearly seven to over eight feet, while cabin length can range from 28 feet to nearly 50 feet. With endurance of 8 to 10 hours, many large cabin jets - like the Falcon 900 - are also designed for longer range flights such as New York to Paris. Large cabin jet cabin amenities can include WiFi, private lavatory, PlayStation video games, satellite phone, cabin attendant and a full galley.

Turbo Props: 10 Passengers

What sets turbo props apart is their versatility. Unlike other private jets, planes with a turbo prop engine don’t need a full runway for landing and take off; a short grass airstrip is more than enough. Which makes them perfect for taking the route less traveled. Made for short to medium journeys, turbo prop planes can land on grass airstrips and short runways. Turboprops are an economical way to fly, with room for eight to ten passengers.

Helicopters: 13 Passengers

While there are many reasons to take a chartered helicopter flight - the fact that for most it is a once in a lifetime experience is probably the most prominent. Helicopter flight in itself is an adventure that most people find thrilling. Making use of helicopter flights is also a great way to mark a special occasion and create new memories that will make a special day even more special.

EFI's PRIVATE Jet Aircraft Fleet Sheet

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