TruNorth Jets | Private Jet Price Guide: How Much Is a Jet?
TruNorth Jets | Private Jet Price Guide: How Much Is a Jet?

Private Jet Price Guide: How Much Is a Jet?

Understanding the cost of private jets is crucial for potential buyers. Whether you’re considering purchasing a personal aircraft or simply curious about the financial aspects, having a comprehensive guide on private jet pricing can help you make informed decisions.

Private jet prices vary significantly, ranging from about $1 million to $100 million depending on a significant number of factors including whether the jet is new or used. Several factors contribute to these variations, including age, condition, engine life, size, type, manufacturer, performance, range, number of seats and available features just to name a few.

Imagine soaring above the clouds in your own private jet. For many, this represents the pinnacle of luxury and convenience. Yet, before taking that leap, it’s essential to grasp the full scope of what owning a private jet entails.

This private jet price guide will delve into:

  • The comprehensive costs associated with buying different types of jets
  • Key factors affecting the price
  • Additional ownership expenses
  • Alternative ways to experience private jet travel without ownership

Explore each section to gain a general understanding of how much it costs to own a jet and what it means to own one.

For those who are ready to take the next step and want more personalized information on private jets or have specific inquiries about pricing or any other aspect related to private aviation, feel free to contact TruNorth Jets. Our experts are always available to assist you throughout this process! We have decades of aviation industry experience!  

Understanding the Cost of Buying and Owning a Private Jet


How Much Does It Cost to Buy a Private Jet?

The cost to buy a private jet varies significantly. Prices ranging from $1 million to over $100 million depending on a large variety of factors. When considering the private jet purchase price, it’s essential to understand what influences these costs.

Key Factors Influencing Private Jet Prices


1. Age and Condition
  • New vs. Used: New jets command a premium price due to the latest technology, warranties, customization options and fact they are brand new. Used jets, though often more affordable, likely require more maintenance in general or might have maintenance events due sooner than a brand new airplane.
  • Condition: A well-maintained pre-owned jet will be more valuable than a poorly maintained one. Maintenance records are crucial in determining the jet’s value.
2. Engine Life
  • The remaining life of an engine is a significant cost factor. Engines nearing their overhaul period will lower the jet’s value. Aircraft with engines on programs are more valuable than those without.
3. Size and Type
  • Light Jets: Ideal for short-haul flights, light jets are able to go coast to coast typically with a fuel stop each way and seat anywhere from 6 to 8 passengers. 
  • Midsize Jets: Suitable for medium-range travel, midsize jets typically have larger cabins than light jets and are able to nonstop coast to coast under ideal conditions. Aircraft typically seat 7 to 9 passengers
  • Heavy Jets: Designed for long-haul and international flights, these aircraft have the range to go coast to coast, to Hawaii and from the east coast to Europe. These aircraft typically seat 10 to 16 passengers 
  • Ultra-Long-Range Jets: These aircraft are designed to nonstop long range missions like Los Angeles to Milan with ease. Seating configurations do vary seating anywhere from 12 to 18 passengers
4. Manufacturer and Model
  • Renowned manufacturers are Gulfstream, Bombardier, Cessna, and Dassault. 
5. Optional Features or Amenities
  • When ordering a new airplane, buyers select interior fabrics, finishes and layouts along with exterior paint colors and schemes. 
  • Advanced avionics systems enhance safety and navigation and are typically included in the purchase of a new airplane 
  • In-flight entertainment systems, Wi-Fi capabilities, and bespoke seating arrangements contribute to the overall price.

Other Costs to Consider When Owning a Private Jet

Owning a private jet involves more than just the initial purchase price. The cost of owning and operating a private jet extends into several ongoing expenses, making it crucial to budget for these additional costs to ensure a smooth ownership experience. Below are the significant components you should consider:

Maintenance and Repairs

Routine maintenance is required to keep your jet in optimal flying condition. If you’re operating a factory new airplane, warranty items are performed by a manufacturer service center or mobile repair truck. Maintenance expenses can be budgeted for on an hourly basis for airframe, engines and avinoics

Insurance Coverage

Insuring a private jet is another considerable expenditure. Premiums can vary greatly. Factors influencing this cost include the aircraft’s value, number of seats and whether it’s a single-pilot or dual crew aircraft. 

Hangar Storage and Parking Fees

Jets are typically stored inside hangars when at their home airport. This keeps your airplane secure and protects from the elements and extreme weather. Hangar fees vary by airport due to supply and demand. Hangar storage typically costs between $1.00 and $3.00 per square foot, per month

Fuel and Operational Expenditures

Fuel is one variable cost associated with private jet ownership. Prices can range from $3 to $10 per gallon, depending on your location. 

Operational expenditures don’t stop at fuel. You’ll need to account for landing fees, which airports charge for using their runways and facilities. These fees can range from a few hundred dollars to several thousand dollars per landing, depending on the airport.

Pilot and Crew Salaries

If you’re not a professional pilot yourself, your jet will require a crew. Depending on the number of hours per year you fly, you will evaluate employing a full time crew or hiring contract crew, on a per day basis. Crew expense is another significant cost component. A pilot’s annual salary can range from $75,000 to $350,000. A variety of factors contribute to the cost of a pilot salary: how many total flight hours they have, do they have a type rating in the particular airplane you own or will you need to provide their initial type rating, are they a captain or a co-pilot. The type, range & size of aircraft has a direct correlation to crew salaries. Larger cabin aircraft with international missions for example, require more experienced pilots thus demanding higher compensation. 

Contract crew is a viable option for an aircraft owner who plans his or her schedule in advance and doesn’t fly too often. Contract pilots are paid on a day rate basis and are already qualified to fly your airplane. Contract pilot expenses can add up quickly, especially if there are no locally qualified pilots in your area. If you have a day trip out of Santa Barbara for example and the crew you’re hiring is coming from Dallas, expect to be billed for three contract days: two for the pilots travel to and from your airplane and one for your flight. 

Understanding these additional costs is vital for anyone considering private jet ownership. The private jet purchase price is just the beginning; ongoing expenses such as maintenance costs, insurance expenses, operational fees for private jets all contribute significantly to the cost of owning a private jet. Proper budgeting ensures that you enjoy seamless operation without unexpected financial strain.

Are you ready to talk about private jet ownership in more detail? TruNorth Jets has experience in both aircraft acquisition and management. Contact us today to learn how we can help you with your private jet purchase and ownership! 

Exploring Alternative Ways to Experience Private Jet Travel


Private Jet Charter Services through TruNorth Jets: On-Demand Luxury without Ownership

Owning a private jet may not be feasible or practical for everyone, but there are alternative options available to fulfill the desire for luxury air travel! Private jet charter is an excellent tool that comes with all the benefits of owning a private jet, without the price tag! 

Private jet charter services offer several advantages:

  • Flexibility in Flight Itineraries: When you charter a private jet, you’re not bound by commercial flight schedules. This flexibility allows you to set your own departure times and choose your destinations without the constraints of fixed routes.
  • Access to a Diverse Fleet: Chartering gives you access to a wide variety of aircraft, from light jets suitable for short, regional trips to heavy jets designed for long-haul international flights. This diversity means you can select the best aircraft for each specific journey.
  • Cost-Effectiveness for Occasional Travelers: If you only need to fly privately a few times a year, chartering is more cost-effective than owning. You pay only for the time you use the aircraft, avoiding ongoing maintenance and operational costs. 

Charter rates vary based on several factors:

  • Route Distance: The length of your flight will significantly impact the cost. Longer routes require more fuel and may incur additional fees such as landing charges at different airports.
  • Aircraft Type: Pricing varies significantly between the different aircraft size categories. Turbo props and very-light jets are often the most economical heavy and ultra-long range aircraft are at the top of the market 
  • Availability: Demand can affect pricing. During peak travel seasons or events like major sports championships or holidays, charter rates typically increase due to higher demand.

For those who prioritize luxury and convenience but do not wish to bear the full responsibilities of ownership, private jet charter with TruNorth Jets is the ideal solution. 


Navigating the private jet price guide involves more than just looking at the initial purchase cost. You must also account for ongoing expenses such as maintenance, insurance, and operational costs. Whether you decide to own a jet outright or explore alternatives like chartering, understanding these financial aspects is crucial.

Before making a decision:

  • Evaluate both the upfront investment and recurring costs.
  • Consider your travel frequency and needs.
  • Learn more about your options with jet charter.

Take action now: Reach out to TruNorth Jets today to start your journey into private jet ownership or charter solutions.