Private jets have always been a symbol of luxury and exclusivity. They offer the ultimate in convenience and comfort for those who can afford them. While there are many sizes and types of private jets available, a small private jet is typically the most affordable option. So, just how much does a small private jet cost?
The cost of a small private jet can vary widely depending on a number of factors, such as the age of the aircraft, the manufacturer, and the features included. Generally speaking, a brand new small private jet can cost anywhere from $2 million to $10 million. However, it’s important to note that the cost doesn’t end with the purchase price. There are ongoing maintenance, fuel, and storage costs that must be considered as well.
One of the most popular small private jets is the Cessna Citation Mustang. This jet can seat up to five passengers and has a range of around 1,200 nautical miles. A new Cessna Citation Mustang can cost around $3 million. However, there are also many used models available on the market for significantly less.
Another popular small private jet is the Embraer Phenom 100. This jet can seat up to six passengers and has a range of around 1,178 nautical miles. A new Embraer Phenom 100 can cost around $5 million, but again, there are many used models available for less.
Of course, there are many other small private jets available, each with their own unique features and price points. For example, the HondaJet Elite, which can seat up to six passengers and has a range of around 1,400 nautical miles, has a starting price of around $5 million. The Pilatus PC-24, which can seat up to ten passengers and has a range of around 2,000 nautical miles, has a starting price of around $10 million.
It’s also worth noting that there are additional costs associated with owning a private jet beyond just the purchase price. For example, storage and maintenance costs can be significant. A small private jet must be kept in a hangar, which can cost thousands of dollars per month. Additionally, ongoing maintenance costs can add up quickly, especially for older aircraft.
In conclusion, the cost of a small private jet can vary widely depending on a number of factors. However, a new small private jet can typically cost anywhere from $2 million to $10 million. Of course, there are many used models available on the market for less, but it’s important to consider ongoing maintenance and storage costs as well. Despite the high price tag, for those who can afford it, owning a small private jet offers the ultimate in convenience and luxury travel.
