How Much Does It Cost To Buy A Private Jet May 2026

Custom-converted commercial planes like the Boeing Business Jet (BBJ) can exceed $100M . 2. Annual Operating Expenses

Buying a private jet in 2026 is a massive financial commitment where the initial purchase price—ranging from —is only the "tip of the iceberg". For most owners, annual operating costs run between $500,000 and $2 million , making ownership economically viable only if you fly more than 200–400 hours per year . 1. Initial Purchase Costs by Category

Ongoing costs are split into fixed (independent of flying) and variable (per hour) expenses. Expense Category Typical Annual/Hourly Cost $350k – $1.2M+ Crew salaries, insurance, hangar fees, and management. Fuel $1,000 – $4,000+/hr Varies by jet size and current market prices (~$6.20/gal). Maintenance $100k – $1M+ Includes routine inspections and engine overhaul reserves. Crew Salaries $85k – $300k+ Per pilot; most jets require two, plus optional attendants. Hangar Fees $30k – $200k Highly dependent on airport location and hangar size.