How much does a share in a private jet cost?
A share in a light jet would start at about $350,000 for 1/16th in an older plane, expect to spend at least $650,000 for a share in a new jet. Monthly maintenance fee, an amount that includes the pilot’s salary, insurance, maintenance and the cost of keeping the plane in a hangar.
Who owns private jets in Australia?
Property developer John Gandel is the only Australian owner of the latter new age, $100 million aircraft, but Andrew Forrest, Kerry Stokes and Perth-based gaming founder Laurence Escalante each have one on order.
How much does a private jet cost in Australia?
CHARTER FLIGHT COST
| Aircraft | Number of pax | Cost per/hr $AUD |
|---|---|---|
| Twin Engine Piston | 6 – 10 | $1,000 – $2,000 |
| Twin Engine Turbine | 6 – 10 | $2,000 – $3,000 |
| Twin Engine Jet | 6 – 10 | $3,000 – $7,000 |
| Twin Engine Jet | 10 – 15 | $10,000 – $20,000 |
How many private jets are there in Australia?
David Bell, the chief executive of the Australian Business Aviation Association estimates that about 150 jets are operated privately by companies and individuals, with about half of those available to the charter market.
How much is a fractional share of a private jet?
Here are several cons to fractional private jet ownership. On average, your initial investment will start between $300,000 and $600,000 for a 1/16th share of a light jet. You may also find yourself investing millions in a share of a newer large plane. In addition to your initial investment, you also have upkeep costs.
How much is private jet fractional ownership?
The cost of fractional jet ownership depends on the jet and the share size that you choose to go for. At the lower end of the spectrum, you’re looking at around $275,000, and this can go all the way up into millions.
Does Gina Rinehart have a private jet?
The mining magnate, whose wealth was put at $31 billion atop 2021’s Financial Review Rich List, took delivery of a new Gulfstream 600 jet in November. She previously leased a Gulfstream 650 owned by Multiplex heir Tim Roberts.
Can a private jet fly from LA to Australia?
For a party of 15, the ultra-Long-Range Global Express XRS can be hired for private jet travel between LA and Sydney, with prices around at 240,000 USD. The largest aircraft available on the LA to Sydney route is the Boeing Business Jet which can accommodate 16 passengers with prices starting at 564,000 USD one way.
Can a private jet fly from USA to Australia?
How Much Does it Cost to Charter a Private Jet from LA to Sydney. The cost to charter a private jet from LA to Sydney for a one-way flight starts at $160,000* in a Heavy Jet. The price for a round-trip flight starts at $250,000 with a week spent in Australia.