How much does an airplane cost? That’s a tremendously open question, but generally speaking, multi-million dollar price tags are all but guaranteed. In 2019, megastar Beyonce made news when she purchased a Bombardier Challenger private jet for the equally-iconic Jay-Z. While many husbands would be thrilled with a set of golf clubs, Beyonce’s gift cost a cool $40 million. This particular model was made by Bombardier Aerospace for a period of eleven years until 2015, and was valued at $32 million in 2012, according to Aerocorner. It almost makes Max Verstappen’s $15 million jet seem thrifty.
Not many of us have pockets as deep as those of Beyonce and Jay-Z, naturally, and that’s okay: private jets come at a range of price points. AvBuyer notes that used models of smaller jets can be bought for less than $1 million, and offers everything from very light jets like the Embraer Phenom 100, 2009 (just under $2.7 million) and Cirrus Vision SF 50, 2018 (approximately $2.3 million) to large jets like the mighty Gulfstream G650ER, listed for $59.9 million.
It’s all about the kind of aircraft that suits the prospective buyer: larger, pricier models are suited for travel further afield, and for more travelers, but the price of the aircraft typically increases in kind. Regardless of the model in question, though, one thing remains the same: There’s much more to budget for than just the private jet itself.
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