: Account for both the upfront purchase price and the massive annual recurring costs, which often range from $500,000 to $4 million for jets. 2. Assemble Your Acquisition Team
Buying your own plane is more like launching a small business than buying a car. It requires assembling a team of experts to navigate a complex landscape of legal, technical, and financial hurdles. 1. Define the Mission buy your own plane
Before looking at listings, define how you will actually use the aircraft. : Account for both the upfront purchase price
: Determine your typical flight distance, passenger count, and required runway performance. which often range from $500
: On flights under two hours, a turboprop like the Pilatus PC-12 can be 40% cheaper to operate than a light jet while offering similar cabin comfort.