There’s no way around it: private jets are expensive. From the upfront purchasing price to yearly maintenance and upkeep that ensures your aircraft remains compliant with FAA rules and regulations, it’s an investment that will set you back millions.

But can owning a private jet be profitable? Let’s break down some of the most asked financial questions surrounding private jet ownership.

How much is the average private jet owner worth?

According to a 2023 report by Wealth-X, the typical private jet owner is 63 years old and has a net worth of $1.6 billion, with an average liquidity of over $195 million. These owners spend about 1% of their wealth on their jets, giving an average value of $16.4 million per aircraft.

Fractional owners, by contrast, have a median net worth of about $140 million.

Can you make money from a private jet?

Earning money is not typically the goal for the ultra-wealthy individuals and businesses who own private jets. Instead, the aircraft are used to open doors and empower limitless travel options to those who need it most.

However, there are ways that owners can offset the cost of ownership. Many owners enlist private jet management companies to oversee maintenance, crew training and retention and aircraft safety. Through many management companies, these owners can then rent their aircraft out for charter to help cover some of the annual ownership costs.

Are private jets a good investment?

You won’t make money on a private jet, but whether or not it’s a good investment depends on you and your needs, and only you can make that decision. While we can’t tell you if it’s right for you and your unique situation, we can shed light on what’s actually involved in ownership.

Beyond the initial purchase price, which starts as low as $2.5 million for a Cirrus Vision Jet and skyrockets to more than $600 million, private jet owners can expect to spend between $500,00 and $1 million every year on maintenance. This includes:

  • Electric and mechanical work
  • General maintenance
  • Crew training and salaries

So, are private jets worth the money? For most people, private jet ownership is not worth the investment. Instead, travelers looking for the ultimate luxury experience without the downsides and added costs of ownership should consider chartering a private jet.

While the jet may not be in your name, you unlock all the benefits of private aviation—comfort, luxury, exclusivity, privacy, the ability to fly on your own schedule and so much more—only without the considerable cost and with better protection from flight trackers.

Ready to experience the luxury of private jet ownership without the high upfront costs? Contact our flight advisors at (888)593-9066 to learn more about private charters.