Affording a private jet involves more than just the purchase price; it includes several ongoing costs and considerations. The initial cost of a private jet can range from a few million to several tens of millions of dollars, depending on the model and features. Beyond the purchase, there are significant expenses such as maintenance, fuel, insurance, hangar fees, and crew salaries. Additionally, the cost of depreciation and potential financing must be factored in. Operational costs, like landing fees and catering, also add up. Understanding these financial commitments is crucial for anyone considering the luxury and convenience of owning a private jet.
Affording a Private Jet: Costs and Considerations
