Business Aviation or Private Aviation is the use of an aircraft for a business purpose or private purpose.
Jets are very expensive, with private jet prices exceeding tens of millions of dollars, so only the world’s richest can afford a private plane.
Often a jet charter is used, as the cost of a charter service is less expensive than owning a jet.
A private airplane or business jet is a jet aircraft designed for transporting small groups of people, mostly in opulence luxury.
The aircraft are mostly owned by corporations, billionaires, celebs, and government organizations.
Most Expensive Jet
The costs of jets vary from a few million dollars to several hundred million dollars. The costs are even higher due to the custom private jet interiors. The most expensive jet is probably the Boeing 747-8 VIP with a value up to US$ 400 million.
A Boeing 747 BBJ is the only 4 engine private jet. Most business aircraft have 2 engines. The Dassault Falcon 7X and 8X are 3 engine business jets.
The Airbus ACJ380 is bigger and maybe even more expensive. But we are not sure if one is actually in operation. Saudi billionaire Prince Al Waleed bin Talal ordered one. But he canceled the project.
The plane has reportedly been taken over by the King of Saudi Arabia. Al Waleed still owns the private Boeing 747 with registration HZ-WBT7.
If we just include jets built-in series. Then this is the list with the most expensive business aircraft in 2021.