- How much does a private jet cost to buy?
- Private jets range from sub-$300K very light jets and turboprops on the older pre-owned market, through $3–9M light jets and $4–14M midsize aircraft, all the way to $45M+ for new ultra-long-range types like the Global 7500. Year, total airframe hours, engine program status, and avionics configuration drive most of the variance within a model line.
- What is the cheapest private jet to own?
- Turboprops like the King Air C90 ($400K–$1.2M) and very light jets like the Eclipse 500 ($300K–$800K) have the lowest acquisition price. Operating costs are also lower — a King Air 350 typically runs $350K–$500K per year at 300 hours, roughly half a comparable light jet — but range and cabin size are limited.
- How long does it take to buy a private jet?
- A disciplined acquisition runs 60 to 120 days from first viewing to closing. Shortlisting and a Letter of Intent take a few weeks, the pre-purchase inspection adds two to five days at an independent maintenance facility, and title search, escrow, and FAA registration add another two to three weeks.
- Is it better to buy or charter a private jet?
- It comes down to annual flight hours. Outright ownership generally makes sense above roughly 400 hours per year; fractional shares and jet cards fit 50–400 hours; and below about 50 hours, on-demand charter is almost always cheaper than carrying an aircraft. Many owners also place their jet on a Part 135 charter certificate to offset fixed costs.
- What is the difference between Part 91 and Part 135?
- Part 91 governs private, non-commercial flying — you operate the aircraft for your own business or personal use, with no paying passengers and no operating certificate required. Part 135 governs commercial on-demand charter: carrying passengers for compensation under an FAA air carrier certificate, with stricter maintenance, crew training, and duty-and-rest rules. Most owners fly Part 91 and place the jet on a management company's Part 135 certificate when they want to charter it out.
- Can I charter out my private jet to offset costs?
- Yes. Owners commonly place their aircraft with a management company that holds a Part 135 certificate, which lets the jet fly paid charters when the owner isn't using it. For an owner flying under roughly 200 hours a year, charter revenue can offset 30–60% of fixed costs — though Part 135 adds stricter maintenance, crew, and inspection requirements. SkyAccess connects owners with vetted charter operators through its operator directory.
- Should I buy a new or pre-owned jet?
- About 85% of buyers choose pre-owned. A new aircraft typically loses 10–15% of its value in the first year and 5–7% annually after that, so a two-to-five-year-old jet captures most of the modern cabin and avionics at a meaningful discount. New makes sense when you need the latest range, a specific cabin, or a delivery slot for warranty and tax timing.
- Where can I find aircraft listings?
- Most pre-owned aircraft are listed on Controller.com, AvBuyer, GlobalAir.com, and Jetcraft. AircraftExchange is a newer marketplace with IADA-only inventory. Brokers like Duncan Aviation, JetBrokers, and Guardian Jet manage the transaction end-to-end on behalf of buyers.
- What is a pre-purchase inspection?
- A PPI is a full airframe, engine, and avionics review conducted by an independent maintenance facility — never the seller's shop. Two to five days of inspection produces a discrepancy list that buyers use to renegotiate price or require seller-funded repairs before closing. No private aircraft purchase should close without one.
- How do you finance a private jet?
- Specialty aviation lenders typically require 15–30% down with terms of 8–20 years; rates and terms depend on the aircraft's age, the borrower's credit, and the title structure. Most lenders want an LLC or corporate title, evidence of insurance, and a hangar arrangement before closing.
- Can I deduct the cost of a private jet?
- For US business buyers, the One Big Beautiful Bill Act (OBBBA) signed in July 2025 permanently restored 100% bonus depreciation under Section 168(k). A business-use aircraft can qualify for immediate full-cost deduction in the year of purchase, subject to the 50% qualified business use test under Section 280F. Run your numbers in our depreciation calculator and confirm with an aviation tax advisor.
- How much does a private jet cost to operate per year?
- Annual operating costs scale with category: roughly $300K–$500K for a turboprop, $500K–$900K for a light jet, $900K–$1.4M for midsize, $1.5M–$2.5M for heavy jets, and $2.5M–$4M+ for ultra-long-range aircraft at around 300 hours per year. Fuel is the largest variable at 25–35% of the total.