A private jet advisor questions a buyer with a $10-15 million budget about their actual needs: they fly 3-4 times monthly, carry 6-7 passengers, and take three-hour trips. The answers determine which aircraft makes sense.
I'm thinking about buying an airplane. I have a $10 to $15 million budget. Can you help me please?
What are your needs?
I fly 3 to 4 times a month.
From [MASKED] to where and how many people?
Max of 6 to 7 people. The average distance that I go is from [MASKED] to [MASKED].
What's that trip flight time on a normal jet?
Approximately 3 hours.
You need an airplane that goes about 2,500 miles to adequately get you against the wind. There's a few different airplanes you can get, maybe like a Legacy 500 by Embraer, Challenger 300 by Bombardier Falcon 2000EX EZ. The operational cost? It depends on how much you're going to fly it. Your fixed cost, probably about $1 million a year, and then every time you fly it, it would probably be around $3,500 per hour, approximately. At the end of the day, you're talking about $3,500 times 400 hours. It's about $2 million a year. Sounds perfect. Take care.