Jet CostDespite the rising costs of operating private jets, including higher jet fuel costs, the world's private jet market is growing, thanks to more billionaires around the world, bigger private jets, the "hassle" costs of flying commercial post 9/11, more airports and longer runways. John Travolta even has a private runway that ends at his house (right).
How much does a private jet cost these days?
The purchase end of a private jet's costs depend of course on the jet. A small Lear or Sabre that can fly 4 people around 2,000 miles costs about $3 million.
Slightly larger jets that seat 8 people and has a range of around 3,000 miles run $10-20 million. Larger Lear jets, small Gulfstreams, Falcons and Astra are in this category.
Mid-sized jets that can fly up to 20 people around 6,000 miles run $30-50 million. Larger Gulfstreams, small Boeings, as well as Embraer and Bombardier, which owns Lear, are in this category.