A private jet can cost anywhere from about $3 million to over $660 million when purchased new, depending on the size, manufacturer, range, and features. Renting or chartering a private jet typically costs between $1,500 to over $20,000 per flight hour based on the aircraft type, size, and luxury level. Additional costs include fuel surcharges, landing fees, crew salaries, and maintenance.

Purchase Cost of Private Jets

• Brand-new private jets range from approximately $3 million for very light jets to $660 million for ultra-large, highly customized jets.
• Used jets are generally less expensive, ranging from under $1 million for small used models to tens of millions for large, newer used jets.
• Jet categories include very light jets, light jets, midsize jets, heavy business jets, and ultra-long-range jets, with prices increasing with size and range.

Rental/Charter Cost per Hour

• Small turboprop or very light jets: about $1,500 to $5,000 per hour.
• Medium and midsize jets: roughly $4,000 to $12,500 per hour.
• Large, heavy, and ultra-long-range jets: $6,000 to $25,000+ per hour, with ultra-luxury models potentially higher.
• VIP airliners and ultra-luxury configured jets can cost $16,000 to $23,000+ per hour.
• Costs usually include crew, fuel, insurance, but additional fees apply such as landing fees, repositioning, and taxes.

Other Cost Considerations

• Owning a private jet entails ongoing expenses such as crew salaries, routine maintenance, hangar fees, insurance, and unexpected repairs.
• Charter services offer flexibility without ownership, with prices varying widely based on jet type and flight specifics.

This wide range reflects different needs, from short regional hops to international luxury travel, making private jet costs highly variable based on use and preferences.