Private Jet Fan

Private Jets and their Billionaire Owners

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The largest and most expensive private jets and the billionaires who own them.

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Gulfstream G650

A Gulfstream G650 (source:

Private Jets

Private Jets

A  Private Jet or Business jet is a jet aircraft designed for private or business use. Most of the times this means transporting small groups of people. Private Jets are mostly owned by corporations, governments or by wealthy individuals.  Reasons for owning a private jet can be flexibility in time, flexibility in destinations, time savings, increased productivity, security and prestige.  ( There are more or less 4 options regarding the use and ownership of a private jet:

- Private (or corporate) Ownership

- Fractional Ownership

- Charter a Jet

- Membership of a Jet Owners Program, such as the NetJets Marquis Jet Card.

Private Jet Ownership Costs
Owning a jet is very expensive and makes only sense if you travel a lot or if you are very wealthy and can afford the luxury.
Ownership costs of a private jet include: depreciation, interest, maintenance, insurance, crew, fuel, airport fees. And other costs as crew training, technical  upgrades, the cost of a jet hangar  Famous jet owners are: Bill Gates, Oprah Winfrey, John Travolta, and Donald Trump.

Private Jet Prices

Jets prices range from ‘a few million dollar’ for a light jet, to hundreds of million dollars for a large airliner such as a Boeing 747. The most expensive private jet is probably the Airbus A 380, with a list price of US$ 425 million. Successful jet models, with relative large sales numbers, are the

- Gulfstream G450 - G550 - G650 range, with prices from US$ 45 million to US$ 65                million

- Dassault Falcon X5 - X7 range, with prices from US$ 45 to US$ 50 million

- Bombardier Global series (5000 - 6000 - Express XRS) with prices ranging from US$             40 until US$ 45 million.

Fractional Ownership

With fractional  jet ownership multiple owners share the costs of owning and operating the aircraft. Owners buy a “share” of a jet, rather than an entire jet. Owners have guaranteed access to that jet and pay a monthly maintenance fee and an a hourly fee for each flight. Most of the time a management company handles all operations, and owners rarely fly the specific aircraft in which they hold shared title. More likely, they will travel on identical planes in the management company’s fleet. Pros of fractional ownership are the reduced (shared) costs. Next to the fixed fee, you only pay for the time that you are in the air. Especially when if you fly a lot of so called ‘one-leg journeys’ the fractional ownership could be cost effective. Cons of fractional jet ownership are the reduced flexibility and less convenience. Example of fractional ownership programmes are

Charter a Private Jet

With private jet charter you rent the aircraft for a specific flight or time. Most of the time air charter companies provide worldwide charter services. Pros of chartering a private jet are the flexibility, as charter flights don't operate to a strict schedule and can land at almost all airports around the world. Also the time savings, improved security and even prestige are important positive factors. The absolute costs of chartering a private jet will be less than the costs of owning a plane, but the charter rates per hour will be higher. More about private jet charter prices here.

Membership of a Jet Owners Program

Membership of a Private Jet Owners Program means that you pre-purchase a certain amount of hours of flight time. This is ideal for someone who doesn’t fly to many hours per year and who does not want a long term commitment.  Exmple of Jet Owners Programs are the NetJets Marquis Card and the Magellan Jets Membership.