How Much Is A Luxury Jet
Have you ever wondered how the uber-rich fly? Yes, private jets are still some of the most fascinating displays of wealth you can have on earth.
In this article, we'll discuss how expensive private luxury jets can be, and how much it would take to buy one.
There are a lot of different ways to estimate the cost of a private jet, and so I've taken a somewhat informal approach. I've taken the prices for the most common jets and thrown in a few extra costs, in an attempt to provide a realistic estimate.
Here's what you'll need to have
- A willingness to drop large sums of money on a luxury jet
- A willingness to travel to as many locations as possible
- A willingness to store your jet wherever you go
- An ability to fly on your jet to different locations without the fear of crashing
- The ability to arrange for private-jet charter wherever you need it, which will cost a large amount of money and time
In addition, you'll need storage space, time, and money for the aircraft maintenance.
If we add these costs together, it gives us the total cost of buying, operating, and storing a private jet for the year.
Again, you'll need a very high level of willingness to drop large amounts of money to spend thousands of dollars on a vehicle.
I'll do my best to provide you with an estimate based on the price of a single luxury jet.
A jet fuel conversion kit for a 737-800 that sells for $13,740. The trick here is to find a supplier who is willing to cut you a discount price to install your conversion kit in an existing aircraft.
The math is pretty simple: you can't convert the fuel system of a 737-800, so you can only get a price cut if you're bringing over a jet that already has a jet fuel conversion.
Alternatively, you can try to convert one of the A320 or A330 models. In the latter case, the math gets a little more complicated because of the limited engine choices, so the costs are closer to $1 million or more.
I can't find a supplier, so I have to install it myself.
That's what I would do. It's actually a lot easier to install the jet fuel conversion in a Boeing 757-200 than in a 737.
Jet fuel system installation: these parts of the jet fuel conversion require time, skill, and a lot of skill (or a pilot). The cheapest and easiest way to complete this work yourself is to hire a professional, but the professional could charge you around $1,000 per hour.
I don't have $10 million to spend on a plane right now.
In order to buy a private jet, you must have a substantial amount of liquid assets that you can burn in the next year. You could still buy a private jet, but you won't be able to burn much of it to buy a plane.
The best way to get a jet is to inherit one.
If you need a "Plan B," you might need to extend your garage with a runway or buy an airport in your area. If you need a real excuse to fly, you could always hire a couple pilots to fly your jet around your property or through your property.
As with all extreme luxuries, these are highly exclusive purchases, and people often bid up the prices on top end luxury items in the 24-hour window of the online auction website from time to time.
In order to create a baseline for all these costs, I've used the ultra-high net worth individuals' valuation expert on sites like moneysavingexpert.com and other valuation tools and derived a list of the top ten most expensive private luxury jets in the world.
This list is not intended to include business jets or helicopters, although they are popular items as well.
G-Deck Aviation SuperStar RC133 King Air
If you would like to own a private jet, but your wallet is limited and you're only interested in having it for a few hours or so at a time, the G-Deck Aviation SuperStar RC133 King Air is currently the smallest, cheapest, and most common private jet in the world. The SuperStar RC133 is a 10-seater King Air which currently has a $2.2 million USD minimum price tag.
The A319 is the most popular plane in the world. However, in this case, it's not one of the most expensive ones.
If you have at least $30 million USD to spare, you could possibly get your hands on a fully loaded A319, that has three suites, seating for up to twelve people, all the other mod cons and a turbo prop engine. However, even then, it will set you back a staggering $2.25 million USD.
Hype Aircraft New Life
If you have $50 million USD to spare, then you can own a new $4.5 million USD A319. At the current moment in time, the most expensive A319 in the world is owned by Hype Aircraft.
At $2.5 million USD, it is the second most expensive plane in the world. It has a two-stall power engine, plus a price tag of $8.5 million.
The Gulfstream G650 is one of the most expensive planes in the world. One of the most important features of the plane is the hard leather seats, in which you can take a nap.
If you do not want to fly business class, you can either pay $12 million USD or reserve the upper cabin.
The Falcon 7X costs around $2.3 million USD. There is a special business class version of the plane that costs $10 million, but you can usually get a full-service plane for a few million less than that.
Bombardier Global Express XRS
The Global Express XRS costs around $3.9 million USD. If you do not want the two seating in business class, it will cost you $4.5 million.
The G550 will cost you between $6 million and $8 million USD. With a sticker price of $6 million, this is the most expensive business jet in the world.
The biggest feature of this plane is the wing, which resembles a sail in the sky.
Bombardier Global 7000
The Global 7000 costs between $10 and $15 million USD. Even though it is not as expensive as some of the other planes in the list, it's still expensive, and it can take up to 13 hours to get your hands on one.
The Falcon 50 is the most expensive airplane in the world, with a price tag of $30 million USD. The plane has a maximum range of 13,500 km.
It has been said that only seven airplanes in the world are still available with a price tag this expensive.
The Gulfstream G650ER is the most expensive business jet in the world, with a price tag of $85 million. With a $12 million USD price tag, the G650ER has six cabin suites, a large lavatory, an on board spa, and a certified hospital.
If you’re planning to buy a private jet, it’s time to do your research to know which one you should get. It’s important to invest in something where you’ll get your money’s worth.
With a private luxury jet, you’ll be able to explore the world and fulfill your travel goals with your friends and family. Likewise, if you’re more into business, it will be easier to reach your clients with your luxurious ride.