How Much Does a Private Jet Cost?

Outright ownership of a private jet can vary from $3 million to $90 million, but if you want to experience the ease of private jet travel, there are many other important questions to consider.

Whether you need a jet for business or leisure, there are many important factors to consider – and price is actually lower on the list than you would imagine. Our aircraft acquisition experts offer a list of important questions to ask before you begin the private jet purchase process.

1. Can you imagine yourself as an aircraft owner?

Owning an aircraft provides clear advantages to your business and your personal life. You can whisk your entire executive team away to close a deal in one day instead of three, allowing you to save on hotels and other accommodations. A private aircraft also allows your family more privacy, convenience, and opportunity to make lasting memories.

Depending on what type of lifestyle changes you wish to achieve, Jet Linx will create a mission profile and designate the proper aircraft for you.

 

ERIC LOVE, VICE PRESIDENT OF SALES
JET LINX SAN ANTONIO

2. How engaged would you like to be in the process of purchasing your aircraft?

Some owners prefer to be very hands-on in the purchase process, and others prefer to delegate the work to their management company. If the plane is to be chartered, there is a potential for costly missteps in the purchase process, all of which can be avoided when you involve your acquisitions and management team early on in the process. Getting an experienced team together early on in the purchase process provides a more enjoyable experience as an owner.

 

JOSH ROSENBLATT, BASE PRESIDENT
JET LINX  WASHINGTON D.C.

3. What is your timeframe for aircraft purchase?

The average time for acquisition in today’s market is 90 days and establishing a timeline for purchase can make for a less turbulent process. Will you need an aircraft by a specific date? Are you upgrading from an existing aircraft? Are you looking for specific amenities? Purchasing for business usually involves more time constraints and a professional acquisition team can alleviate many obstacles involved.

 

SCOTT WILBANKS, VICE PRESIDENT OF SALES
JET LINX ATLANTA

4. Have recent tax code changes motivated your decision to purchase?

Due to new tax codes, prospective buyers can opt to take as much as 100% depreciation in year one on a new or used aircraft. In the past, only 20% depreciation was allowed in year one – and that only included new aircraft acquisitions. Under this new code, there needs to be a business purpose for the aircraft and the proper entity structure which Jet Linx and a qualified tax lawyer can assist in structuring.

 

BRAD DREW, SENIOR VICE PRESIDENT OF SALES
JET LINX AVIATION

5. Do you wish to offset costs by using charter revenue?

Jet Linx offers a unique management solution due to the built-in demand of the Jet Card program. If decreasing the cost of ownership is one of your goals, then our experts can recommend aircraft types that are the most sought-after by our Jet Card clients. Year and model of the aircraft, as well as amenities like wifi, will determine client demand for your aircraft. If charter revenue is your goal, you may have to sacrifice your own personal preferences in order to cater to a wider audience of Jet Card members.

 

SCOTT NEWELL, VICE PRESIDENT OF AIRCRAFT MANAGEMENT
JET LINX DALLAS & FORT WORTH

6. Would it be helpful to speak with a current aircraft owner?

Jet Linx offers a unique management solution due to the built-in demand of the Jet Card program. If decreasing the cost of ownership is one of your goals, then our experts can recommend aircraft types that are the most sought-after by our Jet Card clients. Year and model of the aircraft, as well as amenities like wifi, will determine client demand for your aircraft. If charter revenue is your goal, you may have to sacrifice your own personal preferences in order to cater to a wider audience of Jet Card members.

 

MATT HALL, VICE PRESIDENT OF SALES
JET LINX DENVER
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