How: Much To Buy A Plane
: These remain the same regardless of how much you fly.
Buying the plane is only the first step. Annual operating expenses often range from for jets, and significantly less for small propeller planes. how much to buy a plane
: Ownership is generally considered financially justifiable if you fly at least 200 to 400 hours per year . If you fly less, on-demand chartering or fractional ownership (similar to a timeshare) may be more cost-effective. : These remain the same regardless of how much you fly
: These typically range from $13 million to $20 million . : For small planes, this can be $3,500/year
: For small planes, this can be $3,500/year or more depending on pilot experience; for large jets, it can reach $500,000 .
: Large jets like the Gulfstream G700 retail for $75 million to $80 million . Ongoing Ownership Costs