Articles

How to Buy a Private Jet
Posted on 29 Sep 2009


Buying a private jet is a complex, not to mention costly, process and one you want to get right considering the level of investment involved. Before you start the search for your own set of wings, check out Inbound Asia’s list of insider tips to make sure you’re flight ready. Do a cost-benefit analysis before you even start to look. ASA Group aviation expert Scott Stammers suggests that around 400 hours of flight time a year should justify full private jet ownership. Secondhand aircraft will of course be cheaper. Size and flying range should be your key consideration. Light jets (US$3-8 million) can take 5 to 8 passengers roughly 2,000 miles (3,219 km); midsize executive jets (US$9-16 million) can take up to 9 passengers from 2,000 to 3,000 miles (3,219 to 4,828 km); and large executive jets (US$17-45 million) can carry 12 passengers more than 4,000 miles (6,437 km). Very light jets (4-6 passengers), affectionately dubbed ‘SUVs with wings’, are a cheaper newcomer at just US$1.5-3 million.

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