[lishan1997]

When talking about private jets, they are luxurious aircraft that belong to the wealthiest people in the world. Such planes cannot only fly but be state-of-the-art executive planes that offer new levels of luxury, technology, and performance. These days, the most expensive and well-designed private jets are produced by such manufacturers as Gulfstream, Embraer, Bombardier, and other. They convert commercial aircraft into opulent flying palaces that look extremely impressive. So, who owns the most expensive jet in the world and how much does it cost?

[CoinOfLuck]

READ ALSO: The cheapest private jet in the world: 10 interesting facts

[Robin]

Airbus executive John Leahy boasted in the interview:

[jhoki]

While the Ontario, Canada-builtD-Jet is the cheapest VLJ, other models may become better known. One is theCessna Citation Mustang, the new baby of the Citation bizjetrange. more

[beking168]

Even if youcan't afford a private jet, you might soon be able to afford to take a businesstrip on one. The affordability of VLJs has inspired aclutch of new companies that plan to offer short-haul service linking localairports throughout the United Statesand Europe.

[Galuel]

Cessna hasbuilt thousands of Citations over the last 36 years but the Mustang is a newdesign. The first customers are now receiving their Mustangs for around $2.6million apiece. more

[UnWar]

Since thedawn of the jet age the ultimate idea of luxury for many people has been to owna private jet, but for almost everyone the dream has been far beyond financialreach.

[simplesharp]

David Wyndham, president and co-owner of Conklin & de Decker, made these comparisons. more

[strella6black]

The company estimates that the HondaJet costs $1,134.90 per hour to operate.

[bokab51]

At AOPA’s request, aircraft purchase advisor Conklin & de Decker has estimated hourly operating costs for 45 jets likely to be at the National Business Aviation Association convention in Las Vegas. These are variable costs and include fuel, maintenance (parts and labor), engine reserves, auxiliary power units if applicable, and miscellaneous expenses to include crew travel, catering and cabin supplies, landing and parking fees—all boiled down to a single number. more

[rjebro]

The Eclipse comes in at $888.59, while a Gulfstream G650 is $4,843.16 per hour. Looking at additional manufacturers, an Embraer Lineage 1000E costs $5,827.32 per hour, while a Cessna Citation Mustang is $1,015.37. A Cessna Citation X+ is $4,098.69, while the new Cessna Latitude is $2,935.67. The Nextant 400XTi comes in at $1,623.06, and the SyberJet SJ30 at $1,607.77. A Dassault Falcon 8X costs $3,803.75 per hour while a Learjet 75 is $2,172.31, and a Bombardier Challenger 850 is $3,544.71. The Cessna Citation CJ4 is $1,970.13 per hour. Embraer’s Phenom 300 costs $1,757.53 per hour.

[T_X]

The good news: "This is potentially a multi-billion-dollar business," he says. The bad: He can't break into the market.

[jonathan01]

Since the 1940s, jet engines have revolutionized military, airline, and corporate flying. But somehow, the jet revolution never trickled down to personal flying. A practical, affordable, jet-powered light airplane for private pilots—a Cessna Skyhawk, say, without the propeller—has for decades been only a dream. Five- or six-seat, $1.5 million to $3 million very light jets (VLJs) are just now on the market, but the vision of a single- or double-seat jet with the price tag of a propeller aircraft—one-eighth the cost of a VLJ—has never become more real than three-view drawings taped to the office walls of dreamers everywhere.

[linksnappy]

Merrill estimates the cost of a production engine at $44,000, about the same as the price of current piston engines of similar power. But the estimate is dependent on a production run in the thousands.