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I'm fairly certain that dominating costs of a private jet besides the initial purchase price are the maintenance and employing a flight crew. Fuel price is pro
by Teknoman117 5y ago
I'm fairly certain that dominating costs of a private jet besides the initial purchase price are the maintenance and employing a flight crew.
Fuel price is probably a rounding error in comparison (they get a few miles per gallon). Edit - some quick Googling suggests that jet fuel costs $1.96/gallon in the US at the end of last week.
Jets aren't cars, you can't just change the oil every 3 months and have it run for years.
- jaywalk 5y agoFuel costs are a large component of private jet ownership costs. I found a great chart that breaks it all down: https://www.libertyjet.com/jet-ownership-costs.aspx?jetType=Gulfstream%20G550 https://www.libertyjet.com/jet-ownership-costs.aspx?jetType=...
- Teknoman117 5y agoInteresting. So, not a rounding error, but it's still only 20% of the cost. The fuel estimate I had in my comment was for a smaller jet though (7 or 8 passenger).
- stjohnswarts 5y agothanks for this, it's an interesting data point, but I would be willing to bet that the 99.9% who don't own private jets don't care because if you can afford a private jet you can afford the taxes for that private jet and should include them in your purchase decisions.