Private jets, often used for corporate needs and also known as business aircraft or business jets, are aircraft designed to transport small groups of people, often covering long distances at high speeds. Most business jets rely on two engines; although some use only one or as many as four. Aviationic is the best place online to buy or sell private jet aircraft, as the aircraft for sale listed on aviationic.com most accurately reflect active listings and prices in the private jet sales market.
How much is a private Jet?
In today’s market most jets would fall into the range of between US$30 million and US$5 million. At the top end of the Large Jet market, a 2022-model Gulfstream G700 costs US$78.0m, per Aircraft Bluebook’s Fall 2022 data, whereas a 2022-model single-engine Cirrus SF50 Gen 2+ VisionJet in the Very Light Jet category costs US$2.98m. On the used aircraft market, there are various examples of older jets having depreciated to below $2m, and even less than $1m following several years of depreciation.
How many private jets are there in the world today?
There are 23,241 private jets in operation worldwide (JETNET, 08/2022). Approximately 63% of the world’s private jets are registered in the United States.
Are private jets more efficient than the airlines?
Private jets access around 10 times more airports in the US than scheduled airlines (around 5000 airports versus 500 airports) giving them access to remote communities without airline service. Moreover, 38% of Business Aviation missions involve stopping at more than one destination, according to NBAA.
How successful are private jet owners?
Business aircraft users out-perform non-users by 23% in revenue growth. Two-thirds of passengers say they are more productive aboard their business jets than in the office.
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