The purchase price of a private jet represents only a fraction of the cost of owning one. Maintenance and repair costs depend on the size of the aircraft but typically range from $700,000 to $4 million per year.
There are only about 11,000 private jet owners in the United States. Given the costs, it’s easy to see why so few opt for private ownership.
The typical cost is between $1,674 and $8,640 per hour to charter a private jet. Renting a jet for an entire weekend can run $100,000 or more.