The Gatekeepers Club
ServicesIntelligenceAviation & YachtingMarketplaceEventsPavilionsJournalChronicles
← The Journal
THE REAL NUMBER

Private jets: the real cost to own

June 2026

Nine categories, turboprop to bizliner, three comparable aircraft in each, on identical assumptions. The cheapest to buy is almost never the cheapest to own, and the reason is always the same two levers.

Across every category, sticker price barely predicts the five-year bill. Fuel burn and resale value do. The most capable aircraft in a tier is usually the most expensive to own, not the least, and the cheapest to buy is rarely the cheapest to keep. Pick the question you are actually answering first. The aircraft follows.

Each Friday we take the next category up the ladder and lay out the real number: three comparable aircraft, every cost line, on identical assumptions (300 hours a year, a 5-year hold, Jet-A at $7 a gallon). Newest on top, and every category we have covered stays below it. Then model your own below.

AircraftDepreciationFuelVariableFixed5-yr to own
Embraer Praetor 600
Longest range, best resale · $24.8M new
$6.69M$2.67M$2.92M$4.00M$16.3M
Bombardier Challenger 3500
Best-seller, widest cabin · $26.7M new
$8.28M$2.51M$3.08M$4.10M$18.0M
Cessna Citation Longitude
Quiet cabin, heaviest carry · $28.0M new
$8.96M$2.94M$3.15M$4.43M$19.5M

Variable = maintenance, engine programmes and trip cost per hour. Fixed = crew, training, hangar, insurance and management per year.

Transatlantic capability with a genuinely large cabin. The Praetor 600 wins on nearly every number that counts.

Jet card / charter

Jet card up to ~25 h/yr

Fractional

~50-250 h/yr

Whole ownership

From ~250 h/yr

Transatlantic capability with a genuinely large cabin. Step up only for nonstop intercontinental range.

Super-midsize buys transatlantic reach with a genuinely large cabin, and here one aircraft wins on nearly every number that counts. The Praetor 600 has the longest range and the strongest resale, and it is the lowest to own in the tier. The Challenger 3500 answers with the widest cabin and the Bombardier name; the Longitude with a quiet cabin and low operating cost. This is the clearest case in the ladder of the most rational choice and the most emotional one sitting side by side.

Engine programme & overhaul

The Praetor 600, Challenger 3500 and Longitude all run Honeywell HTF7000 engines, on-condition with no calendar overhaul, inspected by borescope at 4,800 and 9,600 hours. Full MSP Gold enrolment, the fixed cost-per-hour programme with round-the-clock support and rental engines, is treated as non-negotiable for resale in this bracket.

Insurance

Hull runs about 0.4 to 0.8 percent of a hull value in the twenties of millions, plus high international liability limits, so premiums run well into five figures. Strong in-type crew experience and a clean loss record cut the rate more than anything else.

Management & the rest

Two professional pilots at $160,000 to $245,000 for a captain, management at $8,000 to $20,000 a month, and recurrent training of $25,000 to $35,000 per pilot. The refurbishment cycle is the forgotten one: a repaint every five to ten years around $230,000 and a cabin interior at $500,000 to $1M, plus 96-month heavy inspections and APU reserves.

Model an acquisition

Pick an airframe, set your real usage, and edit any assumption to match a live quote. The five-year number rebuilds on every keystroke. Planning figures, not a quote.

The aircraft

Usage

Annual flight hours300
Years held5 yr
Jet-A price7 $/gal

Assumptions — edit to match your quote

Variable = maintenance, engine programmes, trip cost per hour. Fixed = crew, hangar, insurance, management per year (owner-flown ops cut the crew portion).

Capital

Acquisitionfor context — capital returns at resale$24.8M
Resale value after 5 yr73% retained$18.1M
Depreciationthe real capital cost$6.69M

Operating · 5 yr

Fuel76,200 gal/yr @ $7$2.67M
Variable (non-fuel)$1,950/hr x 1,500 hr$2.92M
Fixed$800k/yr — crew, hangar, insurance$4.00M
5-year cost to own$16.3M
$3.26M
Per year
$10,855
Per flight hour
$6,395
Operating $/hr

Have us run this against live comps

We will pressure-test your number against real broker data and current market, and send you the mission-specific version. Your scenario comes with the enquiry.

Buying capability

If you genuinely need the cabin, the range and the hours, the most capable aircraft is the right call, with the operating cost understood in advance.

Buying cost discipline

If the mission is modest, the efficient airframe with the deep resale market protects you on both the running cost and the exit.

Buying liquidity

If you may trade within five years, resale is the lever that matters most. Pay up front for the airframe the market always wants back.

Figures are five-year cost to own at 300 flight hours a year, a five-year hold, Jet-A at $7 a gallon, modeled mid-case operating costs and brand-weighted depreciation. They are planning figures, not a quote: always verify against live broker comps before a transaction. Embraer quietly wins several categories on pure cost logic. Gulfstream's premium is almost always paid back in resale, not magic. And utilisation alone can flip a ranking.
← All entries

More The Real Number

Browse the Journal →
THE MAKER

Nymphenburg: Still Working to a 1760 Model

A Munich manufactory has been making the same sixteen figures since 1760. The eighteenth century ones are museum objects and the new ones are catalogue items, and the gap between those two sentences is the whole story.

Read the review →
THE TIMEPIECE

The Mark XX and the DK36: When the Swiss Watch Is the One That Discounts

An IWC pilot's watch against a Bavarian house that makes its own steel and its own movements. The usual story is that the independent charges a premium. Here it does not, and the establishment name is the one trading under list.

Read the review →
HOSPITALITY

Schloss Elmau: A House Built for Music That Happens to Be a Hotel

A hundred and forty to a hundred and sixty concerts a year, in a Bavarian valley, in a house a philosopher built in 1916. The G7 summits are the fact everyone repeats and the least interesting thing about it.

Read the review →
Private jets: the real cost to own | The Gatekeepers Club