Private Jets For Sale

Thanks to Bill Lear the private jet market was revolutionized with the Learjet 23 way back in 1964.  Wealthy travelers, executives, and CEO’s have been jet setting in style since then with their own private jets at their disposal. 

For years there was kind of this lull or even paced growth but 911 changed that.  Since then the growth in the private jet market has been steady with more and more companies choosing the safety and security of having their own fleet.  You might be surprised to find out that these days the most common passenger on company jets is actually middle management. 

The first thing you need to do is a cost benefit analysis.  Aviation experts say that 350 hours of flight time per year will justify owning a private jet.  If your hours will be less than that you can consider either leasing, contracting with a company, or fractional ownership.

Next you should consider all of the hidden costs. Your purchase price could be anywhere from $5 million to $50 million.  With several private jets for sale at any one time a lot will depend on the type of jet and your ability to wangle a good deal.  You need to consider those other costs such as pilots, fuel, insurance, attendant, and even catering.  These costs can range from $100,000 up to $500,000 a year depending on the size of the jet and how often it is used.

Now you need to determine what flying range you will need and what size jet you prefer.  Light jets run from $3 million to $9 million and can carry 5 to 8 passengers with the ability to travel 3219 km or 2000 miles. 

Midsize executive jets cost $9 million to $20 million and can carry up to 9 passengers with a range of 3219 to 4828 km or 2000 to 3000 miles.  Finally there are the large executive jets cost $20 million to $50 million and can carry up to 12 passengers with a 6437 km or 4000 mile range.  Spend some time learning about the different jets on the market and then spend some more time exploring the private jets for sale.

When you have narrowed down your choices you should contact the jet manufacturers and get the aircraft specs and the prices for their new jets. 

Next check online for what private jets for sale are available right now and don’t forget to look at repossessions too.  There is some excellent value here.

Now that you’ve gone through the private jets for sale and have found the one that’s right for your company all that’s left to do is make an offer.