When you think about private jets, you probably fall into one of 2 categories: Either you don’t know how costly it is to own and operate a jet or you do know and don’t know how anybody could spend so much to fly privately.
If you’re the former, here are the facts.
The cost of a new jet will range from $3 million to $90 million or more. The world’s most expensive private jet belongs to Saudi Prince Al-Waleed bin Talal. This $500 million aircraft includes a two-car garage, a stable for horses and camels, and a prayer room that rotates so it always faces Mecca. But the cost to purchase a jet isn’t the real money drain. Operating and maintaining it will set you back $700,000 to $4 million per year. Although most jet owners purchase used models, the cost puts private ownership out of the range of most but the smallest fraction of the world’s richest people – and some large corporations. But as the economy has improved, so has the aviation business. The industry is growing though - at about 2% per year - but still remains down about 5% from pre-recession levels.
The rigors of personal or corporate travel on the scheduled airlines have caused many business travelers to access the convenience and flexibility of corporate aircraft charters. Since 1981, Executive Fliteways has provided upscale, personalized, seamless service to its corporate and leisure clientele. With one call, email or form submission, immediate itinerary and price information is available from our knowledgeable charter sales representatives, who will also make arrangements for hotels, ground transportation and in-flight catering as required.