Private Jet Cost

How much does a private jet cost?

Traveling by private aircraft offers a major upgrade on convenience and relaxation compared to commercial aviation. You'll arrive at your destination well rested, enjoying premium levels of comfort, privacy and in-flight service. As a result, private flights are subject to higher costs than commercial airlines. There are many options for private air travel, whether you buy a outright or charter aircraft for a selected route. But buying outright involves a multitude of that quickly add up - you might find that chartering your next is the right choice for your wallet.

The benefits of private jet charters over owning your own private aircraft

When you consider everything that comes with flying commercial – the long security lines, inevitable flight delays, crowded cabins, limited food options, mass confusion at baggage claim, and the added safety concerns due to a global pandemic – it’s no surprise as to why some frequent flyers opt to purchase their own aircraft. However, a new private jet could run anywhere from $3 million to $90 million, depending on what kind you’re looking to buy.

Once the jet is purchased, you’ll also have to pay for any necessary maintenance, insurance, hangar fees, jet fuel, and staff to operate it, which could quickly soar to hundreds of thousands of dollars per year. Not to mention that a majority of the time, your investment will be sitting on the tarmac, depreciating in value. Private jet ownership, while a somewhat attractive option, is also costly.

These astronomical costs are why many savvy private flyers choose on-demand, asset-light, no-commitment solutions like the ones that XO offers. Whether you’re an occasional flyer or travel frequently, XO meets every type of private aviation need. Before making such a large purchase, weigh your options, and you may find that a membership program or renting a private jet may be the best choice for you and your wallet.

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