There are two types of costs of operating a private jet – fixed and based on number of flight hour per year. Here is a list of both and total per year amount:
Fixed Expense Category:
Crew Salaries (2 pilots) €180,000 - €250,000
Crew Training €30,000 - €50,000
Insurance (Hull & Liability) €20,000 - €40,000
Hangar Rental €50,000 - €100,000
Maintenance Programs €100,000 - €150,000
Miscellaneous (admin, fees) €30,000 - €50,000
Total Fixed Costs €410,000 - €640,000
Per Hour Expense Category:
Fuel €1,200 - €1,400
Maintenance (repairs & parts) €600 - €900
Engine Reserves €400 - €700
Crew Expenses (Hotels, meals) €200 - €400
Landing & Handling Fees €300 - €800
Total Per-Hour Cost €2,700 - €4,200
Total Per Year:
Light Usage (200 hours per year): €950,000 – €1.4 million
Heavy Usage (400 hours per year): €1.8 million – €2.6 million