As the surge in demand witnessed during the pandemic slowly wanes, private jet companies are encountering a proliferation of membership requests and escalating expectations from clientele. The wealthiest individuals, faced with heightened competition for jet access, are now turning their attention to total ownership. However, the decision to purchase a private jet involves considerations beyond mere availability, delving into factors such as the aircraft’s range, speed, and size.
The post-pandemic era has ushered in a wave of innovation within the private jet industry, introducing additional elements for prospective buyers to ponder. Most private planes now offer advanced features and customizable design options, influencing acquisition costs and broadening the price spectrum. In an effort to provide clarity amidst the choices available, Elite Traveler has compiled a list of the world’s most expensive private jets, categorized by their size.
Long Range Jets
Boeing 747-8 VIP – $418.4m
Among Boeing’s best-selling models, the 747-8 stands out as one of the longest and largest aircraft ever manufactured. Boasting an impressive range of 8,875 nautical miles and a maximum speed of 645 miles per hour, this aircraft, originally designed for commercial use, can be acquired as a private jet for a hefty price of 8.4 million. Noteworthy is the option for extensive customization, exemplified by an anonymous buyer who spent an additional $200 million to transform the interior, adding living spaces, bathrooms, a master suite, and a 14-person dining room.
Boeing BBJ 777-8 – $400m
Regarded as the longest-range private jet available, the twin-engine Boeing Business Jet 777-8 commands the title of arguably the world’s most expensive private jet, with a price tag exceeding 0 million. With a range surpassing 11,500 nautical miles, it accommodates up to 75 passengers for intercontinental travel. The 3,256 sq ft cabin allows for extensive customization, featuring lounges, dining rooms, bedrooms, and conference spaces.
ACJ350 XWB – $317m
The ACJ350 XWB by Airbus Corporate Jets joins the ranks of the most expensive private jets globally, with a starting price of approximately $317 million. Equipped to carry 25 VIP passengers, this wide-bodied aircraft boasts an impressive range of 11,100 nautical miles, translating to over 22 hours of non-stop flying. Airbus has incorporated next-generation carbon composite materials in the fuselage, providing additional cabin space and contributing to lower CO2 emissions.
Airbus ACJ TwoTwenty – $80m
Presenting six living areas spanning 785 sq ft, the ACJ TwoTwenty by Airbus accommodates up to 18 passengers. With a range that facilitates non-stop flights from Los Angeles to London, this jet integrates cutting-edge technology, including Ku-band connectivity and a 55-inch screen. Featuring a quieter and more fuel-efficient engine, it ensures a comfortable and efficient flying experience, coupled with lower operating and maintenance costs.
Bombardier Global 8000 – $78m
Expected to enter service in 2025, the Bombardier Global 8000 stands out as the farthest-traveling jet in Bombardier’s business jet lineup, with a range of 8,000 nautical miles. Accommodating up to 19 passengers across four living spaces, it prioritizes comfort through a low cabin altitude, air-cleaning system, and circadian rhythm-based lighting.
Dassault Falcon 10X – $75m
Scheduled for service commencement in 2025, the Dassault Falcon 10X boasts the industry’s largest cabin, offering an expansive space of 6ft 8in in height and 9ft 1in in width. Accommodating various interior configurations, including a spacious master suite with a fixed queen-size bed and a private stand-up shower, this jet prioritizes both power and safety with a cleaner twin-engine and innovative flight control systems.
Gulfstream G800 – $72.5m
Recognized as Gulfstream’s longest-range business jet, the G800 can cover 8,000 nautical miles at Mach 0.85 without refueling, reaching a top cruising speed of Mach 0.925. With four living areas accommodating 19 seated passengers and up to 10 sleeping spaces, the jet emphasizes comfort and safety through advanced technology, ensuring a fresh air supply renewed every two to three minutes.
Mid-size Jets
Cessna Citation Longitude – $30m
Earning its place as one of Cessna’s premier transatlantic models, the Citation Longitude leads the list of the most expensive mid-sized private jets, priced around $30 million. Boasting a range of up to 3,500 nautical miles and a spacious 6ft interior, it provides accommodation for up to 12 passengers, with customizable luxurious interiors.
Embraer Praetor 600 – $21m
Designed for long-distance and intercontinental travel, the technologically advanced Praetor 600 commands a price of around $21 million. With one of the longest ranges in its class—up to 4,018 nautical miles—it prioritizes comfort, sophistication, and versatility for up to 12 passengers. Notably, its runway performance enables takeoff from runways as short as 3,000ft, expanding accessibility to a broader range of airports.
Cessna Citation Sovereign+ – $19m
A slightly smaller mid-sized jet than the Longitude, the Citation Sovereign+ by Cessna offers back-to-back sets of club seats, accommodating up to 9 passengers. Priced at $19 million, it features enhanced technology, remarkable short takeoff capabilities, and a range of 3,200 nautical miles, allowing it to operate from smaller or challenging airports.
Light Jets
Embraer Phenom 300E – $11.5m
With a price tag of $11.5 million, the Phenom 300E by Embraer stands out as one of the world’s most popular light jets. Recognized for its impressive speed, reaching Mach 0.80, and a range of 2,010 nautical miles, it caters to efficiency while providing a spacious cabin capable of accommodating up to 10 passengers.
Cessna Citation CJ4 Gen2- $11.3m
As a newer iteration of Cessna’s Citation CJ4, the CJ4 Gen2, priced at $11.3 million, maintains the versatility, reliability, and durability of its predecessor. Certified for single-pilot operation, it offers a range of 2,165 nautical miles and improved design features for an enhanced passenger experience, accommodating up to 10 passengers with added amenities.
In conclusion, the evolving landscape of private jet ownership presents an array of choices, each catering to specific preferences, travel needs, and budget considerations. Whether opting for the opulence of long-range jets, the versatility of mid-size jets, or the efficiency of light jets, prospective buyers navigate a realm where customization, technological innovation, and comfort converge to define the ultimate private jet experience.
