- A new private plane price will run from around $1,000,000- $90,000,000
- Additional expenses include maintenance, fuel and staff salary costs
The cost of a private jet varies from 1 to 90 million. Used jets can provide a cheaper alternative to a brand new model, yet it will still require millions. This does not even factor in the plethora of additions and customizations such as WiFi. In addition, jets require constant maintenance and refueling. Depending on how frequent flights are taken, fuel can cost in excess of $400,000 with the possibility of reaching a million. This does not even account for the additional $500,000- $4 million per year for general maintenance and repairs. Due to these factors, it is not advised for most individuals to purchase their own jet unless you have the net worth to do so.