Do you know the cost for a private jet charter? The cost of chartering a private jet could be between $1,000 and $10,000 per hour. Although it is significantly more costly to lease a private jet than to fly on a commercial flight, it is still much cheaper than owning your own plane. The flights are paid per hour on private jets. Prices can vary according to jet size, flight length, and a number of people on board. The average cost for chartering a private jet lies between $1,000 and $10,000 per hour. Renting a jet will cost $100,000 or more for an entire weekend. Scroll down for the celebrity with private jet.
Owning a private airplane can the apex of luxury travel; the convenience and “cool factor” are undeniable, and these comforts certainly come with a price. There’s a reason we all don’t travel by private jet every day, and that’s because not only are the vehicles themselves extremely expensive but their upkeep and maintenance and be quite prohibitive to most people as well. Isn’t it a great idea of owning such a magnificent machine just like Mark Zuckerberg, Harrison Ford, Steven Spielberg, and Donald Trump and travel in it? Well so how much will it cost to park a private jet in your hangar?
Let’s talk about a few of the procedures and costs associated with private jet aircraft so you can decide whether or not that buying a private jet is right for you. In this, we will talk about Cessna Citation X by an American Aircraft Company Cessna.
First of all, let’s say you’ve purchased a used 2011 Cessna Citation X with low flight hours for about 10,000,000 USD before taxes. Immediately after that, you are going to need a place to park or dock your jet for which you are going to need a hangar space big enough to fit your Cessna and close to an airfield. For a 100×150 hanger close to the airfield shows that you’re looking at about 3000 USD per month.
Now let’s talk about the fuel requirement. If you plan to fly the Citation X, it will take 336 gallons of fuel (1272 liters) an hour when cruising and 430 gallons per hour (1628 liters) during takeoff and climbing. Obviously the cost of fuel will depend on how much the plane is actually in the air flying. The fuel tanks in this particular aircraft hold 1,926 gallons (7,291 Liters), so filling up on empty will cost you around 11000 USD keeping in mind that the Cessna is one of the more fuel-efficient mid-sized business jets on the market.
Unless you can fly your own plane, you’re going to need to hire a crew, which includes: a pilot, a co-pilot, and maybe even a flight attendant or stewardess. It takes 215,000 USD a year for a skilled professional crew to staff your aircraft. But if you would like to pilot your own aircraft it would take months of training and cost of around 100,000 USD just to get commercial pilot’s license.
The maintenance cost also adds up while owning a private jet. This cost is variable and depends on the amount the plane is used. But it is not unusual to pay several hundred dollars an hour for maintenance services. Naturally, if the aircraft is in the air for more hours, the owner will incur more maintenance costs.
It is not a child’s game to own a private jet. But if you want to experience the dream of private air travel alive, chartering your jet can significantly offset the cost of ownership. Chartering is a service where your plane is chartered out to other users for a fee when the owner isn’t using it. This can help cover the fixed costs of owning a private aircraft but if not done correctly can devalue the plane quite a bit and thereby costing the owner in the end.
However owing a jet differs from owing other modes of transportation, for example, you certainly wouldn’t ignore a “check engine” light on a plane. The price can vary greatly depending on the type of aircraft purchased and the amount of usage and several other highly variable factors. Thus, if you have the resources necessary and carefully plan, a private jet can be a powerful tool for business and entertainment.
Celebrity with private jet
Microsoft co-founder & president Bill Gates has one of the world’s most expensive jets, a Bombardier BD-700 Global Express. However, he holds a range of private aircraft that he perceives as a must-have resource for business. Gates makes extensive use of his private jets, primarily towards his job with the Bill and Melinda Gates Foundation. He holds 2 Gulfstream G650ERs, 2 Bombardier Challenger 350s, a Cessna Seaplane as well as a range of helicopters.
The president-elect purchased the Boeing 757, registered N757AF, from co-founder Paul Allen of Microsoft in 2011 and giving this a makeover throughout Trump design. As per a Discovery Channel show about the aircraft, Trump prefers to call it the “T-Bird. “Donald Trump’s luxurious Boeing 757 is the 8th most expensive aircraft throughout the globe. The cost seeks approximately $ 100 million. It may sound like a lot of capital but otherwise indicates aviation firm C.E.O. Greg Raiff.
Tom Cruise owns a Gulfstream IV-SP, which also is recognized as a G4 Flight. His G4 cost him $36 million, a small price to pay for the luxury and assets for which he became known after earning huge net worth over the long career of his decade in the film industry.
John Travolta was a Hollywood actor but not his main passion for acting. Travolta is still extremely enthusiastic about aviation and has described traveling as an adventure unlike anyone else. today john’s the lucky recipient of a 3 Gulfstream aircraft, 1 Boeing 707-138, 1 Lear jet. He also has a residence in Ocala, in a private aviation community. He even has in his backyard a Challenger Jet Parked.
Forbes recently called Oprah Winfrey the second most influential star in the world and no surprise. Winfrey operated other jets that had the same registration number, including a 2013 G550. Oprah Winfrey operates a privately held Gulfstream G650 aircraft with N540W registration. Oprah’s net wealth is 2.9 billion US dollars. She has an beautiful house in California called The Promised Land.
In action-packed films like the Rush Hour movie, Jackie Chan, better known for flying around the film frame, often travels in style in his very own private plane.
In 2012 Chan was elected as a corporate ambassador for Brazilian aircraft maker Embraer, got his first private plane, the Embraer Legacy 650.
Jim Carrey – Gulfstream V
In Hollywood, it is well recognized that Jim Carrey is a flying enthusiast, and adores aircraft. He truly likes them so far he has invested $59 million on his own.He’s clawing back some of the revenue by renting it out to someone while he’s not using it, for the low price of just $8,000 per hour. He only wants about 7,500 people to support him on something before he begins to make a return!
Beyonce had Jay-Z a $40 million Challenger 850 form Bombardier. This private plane has a big enough room for approximately 15-19 travelers — that’s quite sufficient for the whole family, including the babysitters.
Jimmy Buffett brings his flights to heaven in style onboard. He own Dassault Falcon 900 aircraft. Buffett own a Cessna 208 Caravan also holds a pilot certificate and Grumman Albatross aircraft and owns many other aircraft including , Grumman Goose, and a Boeing E-75 Stearman.
Mark Cuban, a billionaire software pioneer, daily Shark Tank and director of Dallas Mavericks, purchased his initial luxury jet—the Gulfstream V—on the website for $40 million. Mark Cuban, a Dallas Mavericks industry leader and creator, emerged in the Guinness Book of World Records in 1999 to buy his Boeing 767-277 digitally, creating ‘the biggest individual e-commerce sale.’