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Even with private jets becoming more accessible, new private planes cost anywhere from $2 million for a small seven-passenger Cirrus Vision to $660 million for an Air Force One. The purchase price ...
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Cost – Private jet travel is very expensive, and the fractional model can be the costliest option (when compared to memberships, charters, etc.). The plans are also complex, with multiple layers of cost that make it nearly impossible to calculate a realistic fully loaded bottom-line per-flight cost.
For example, if aircraft operating expenses total $120 for a flight with pilot and three passengers, each of the three passengers could pay not more than $30 (one fourth) of the expenses with the remainder paid by the pilot. It is the purpose of the flight, not the aircraft or pilot, that determines whether the flight is private. [5]
For the next decade, Aviation Week predicts 8,683 business jets and 2,877 turboprops deliveries, from 792 jets in 2019 to 917 in 2028, and mostly in North America with 5,986 jets and 2,024 turboprops worth $126.1 billion. Most value will come from ultra-long-range jets with $104.7 billion, followed by super-midsize jets for $33.3 billion and ...
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