How Much Does A General Aviation Plane Cost Per Year To Own?

How much does it cost to own a plane per year?

The Bottom Line On average, a $75,000 financed Cessna winds up costing $200 per hour, if flown 100 hours per year, with $80 going toward fuel, oil and maintenance. Similar aircraft may be rented for about $125 per hour.

How much does it cost to fly your own plane?

According to private jet charter company Air Charter Service, you can expect to pay between $1,300 and $3,000 per flying hour to charter a turboprop or smaller jet plane, which typically seats 4 to 6 passengers; between $4,000 and $8,000 per flying hour for a midsize jet, which typically accommodates up to 9 passengers

Is owning a plane worth it?

It really depends on what kind of flying you like to do and how much you want to fly, plus how much enjoyment you’ll get out of “pride of ownership.” If you like to go on long trips or want/need a plane that’s not something you can rent (like a twin, experimental, etc.) then yes, owning is worth it.

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How much does it cost to own a Cessna 172?

Based on 450 annual owner-operated hours and $5.00-per-gallon fuel cost, the CESSNA 172R has total variable costs of $50,400.00, total fixed costs of $21,770.00, and an annual budget of $72,170.00. This breaks down to $160.38 per hour.

What is the cheapest plane to own?

The Most Affordable Single-Engine Planes – Our Top 9 Picks

  • Less than $20k. Cessna 150. Ercoupe. Luscombe Silvaire.
  • Lower $20,000s. Aeronca Champ. Beechcraft Skipper.
  • Upper $20,000s. Cessna 172. Stinson 108.
  • $40,000+ Pre-201 Mooney M20.
  • Conclusion.

How much is jet fuel per gallon?

170.8 Cents (US dollars) per Gallon.

How rich do you have to be to own a jet?

Extensive domestic and international travel is often a requirement for ultra high net worth (UHNW) individuals with at least US$30 million in assets.

How rich do you have to be to fly private?

To fly private on a regular basis, it’s best to have both a $1+ million annual income and $25+ million net worth. In years when your income drops below $1 million, even if you still have a $25 million net worth, fly commercial instead.

What is the easiest plane to fly?

The 3 Easiest Planes to Learn to Fly

  • The Cessna 172. The Cessna 172 didn’t become the top-selling airplane of all time for out of the blue.
  • The Piper PA-28. The Piper was built to compete with the Cessna 170.
  • The Diamond DA40. The Diamond DA40 is a newer plane.
  • Ready to Learn to Fly?

Does Tiger Woods own a private jet?

Tiger Woods: Gulfstream G550 Just like Nicklaus, Woods loves the Gulfstream jet lifestyle, opting for a $53 million Gulfstream G550. His private jet is serviced by two pilots and attendants, can house as many as 19 passengers, has a cruising speed of 652 mph, and has a maximum range of a whopping 7,767 miles.

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Can you write off an airplane?

To qualify for the deduction, you must use the airplane in the operations of your business. The amount that you can write off is determined by the price of the airplane and the percentage of time the plane is used for business purposes.

Do airplanes hold their value?

An aircraft loses a certain amount from its value for every hour it flies over the fleet’s average. Years later, the age of the aircraft affects resale value more. Engine hours. The closer an engine is to its recommended time between overhaul, the less its value.

How far can a Cessna 172 fly on a full tank?

The 747 has a range of more than 6,000 miles, and a top speed of around 600mph, while the Cessna 172 will fly for 800 miles on a full tank (about the distance from London to Venice), travelling at a stately maximum velocity of 150mph. Your average supercar would easily outpace it.

How much does it cost to land a private plane at an airport?

Landing fees vary by airport and usually depend on the size and weight of the aircraft. Expect fees to be in the $100 to $500 range. Sometimes these fees are waived if your aircraft is refueling at the airport.

How much does it cost to rent a Cessna 172 for an hour?

Aircraft Rental Rates

Aircraft Speed (kts) Rental Rate/ Hr (wet)
Cessna 152 108 $113.00
Cessna 172 (N&P Models) 115 $129.00
Cessna 172 (180 hp) 120 $129.00
Cessna 172 RG 135 $170.00
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