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The Most Expensive Private Jets in the World

Whether it's a light, mid-sized or extra large aircraft, if you've got the money to spend, these jets are on the market.

By Sophie Killip |  November 27 2020

most expensive private jets

As the aviation landscape changes, more people are beginning to see the advantages of flying privately. Though many will opt for chartering a private jet, there is something special about owning your own aircraft; it gives you the freedom to design its interiors, to employ aircrew that you trust, and you know that the jet will always be available if you choose to plan a spontaneous getaway.

There’s a lot to consider when purchasing a private jet, however, including the aircraft’s range, speed, and size. Another large factor is the cost of the purchase, as the prices of private jets can range dramatically. However, if money is no object, then one of the jets on our list below might be just what you are looking for: categorized by their size, these are the most expensive private jets in the world.

Boeing BBJ 777-8 – $410m

Known for also being the longest-range private jet available on the market, the twin-engine Boeing Business Jet 777-8 is arguably the most expensive private jet in the world, costing upwards of $410m depending on your choice of customization. With a range of over 11,500 nm (nautical miles), it can fly up to 75 passengers across the globe without stopping, making it perfect for making those long haul flights as comfortable and enjoyable as possible.

boeing business jet 777x

Boeing’s BBJ 777-8 features 3,256 sq ft of cabin space / ©Boeing

Featuring a spacious 3,256 sq ft cabin, the interiors of the BBj 777-8 can be customized to your liking and can include a range of interior spaces including lounges, dining rooms, bedrooms, and conference rooms. On launching the aircraft, Boeing commissioned three leading design firms (Greenpoint Technologies, Jet Aviation, and Unique Aircraft Design) to create concepts for the cabin, showcasing the way it can be transformed to suit the tastes of an individual buyer.

Boeing 747-8 VIP – $367m

One of Boeing’s bestselling models, the 747-8 is one of the longest and largest aircraft ever built; it has an impressive range of 9,200 nm and can reach a maximum speed of 645 miles per hour. Though the commercial version of this plane has more than 400 seats available, there is the possibility of purchasing the aircraft as a private jet — with a price tag of $367m for an unfurnished interior.

most expensive private jets

One of Boeing’s bestselling models is the 747-8 / ©Boeing

One anonymous buyer who bought a 747-8 spent an extra $200 million to transform the aircraft, adding living rooms, bathrooms, a master suite, and a dining room for 14 people. The jet is so impressive that the U.S Airforce chose Boeing 747-8s for the presidential planes Air Force One and Air Force Two (although with their presidential retrofits, these aircraft are estimated to be worth as much as $660 million).

ACJ350 XWB – $317m

The ACJ350 XWB is the latest addition to Airbus Corporate Jets’ collection of wide-bodied aircraft, with capacity for 25 VIP passengers. Featuring a range of 11,100 nm (or over 22 hours non-stop flying), the ACJ350 XWB is also one of the most expensive private jets in the world, with a starting price of around $317m. The ‘XWB’ in its title stands for Xtra Widebody; this extra space within the cabin allows the aircraft to deliver more comfort and flexibility with the choice of internal spaces.

ACJ350 XWB jet is one of the most expensive in the world

The ACJ350 XWB is one of the most expensive private jets in the world / ©Airbus

What’s more, Airbus has designed the fuselage with next-generation carbon composite materials. To adapt to the challenge of working with a new material, the ACJ350 XWB comes with ‘Easyfit cabin outfitting’, and has worked extensively with cabin outfitters to ensure the private jet is fully customizable, and that customers can design their aircraft to fit their needs. Currently, approved outfitters for ACJ350 XWB completions include AMAC Aerospace, Jet Aviation, and Lufthansa Technik.

[See also: How Much Does It Cost to Own a Private Jet?]

Light Jets

Learjet 75 Liberty – $9.9m

Learjet 75 Liberty expensive private jet

The Learjet 75 Liberty comes with a $9.9m price tag / ©Bombardier

With an advanced wing design and a longer range (up to 2080 nm) than many other light jet options, it’s understandable that Bombardier Business Aircraft’s Learjet 75 Liberty comes with a $9.9m price tag —  making it the most expensive private jet of its class. The Learjet 75 Liberty has capacity for up to nine passengers, and in its standard configuration, it features a range of cabin options, including a two-seat Executive Suite and a spacious four-suite Club Suite.

Phenom 300E – $9.45m

Phenom 300E

The 300E is the fastest single-pilot jet in the world / ©Embraer

Created by Embraer, the Phenom 300E became the world’s best-selling light jet for the eighth consecutive year in 2020 and its popularity shows no signs of easing. Why such a large fan base? The $9.45m jet carries the title of the fastest single-pilot jet in the world, capable of reaching an impressive Mach 0.80m and a range of 2,010 nautical miles. Generous in cabin space, this efficient jet can carry up to 10 passengers. 

Cessna Citation CJ4 – $9.4

The jet has recently celebrated its 10th birthday / ©Cessna

Recently celebrating its 10th anniversary, Cessna’s Citation CJ4 is known for its versatility, reliability and durability. Manufactured by Textron Aviation, the jet remains a firm favorite in the light jet category thanks to its relatively low operating costs and comfortable and customizable cabin. City hopping is easy thanks to the aircraft’s 2,165 nm range. 

[See also: The Best Private Jet Destinations]

Mid-size Jets

Citation Longitude – $27m

most expensive private jets

The Citation is one of Cessna’s best transatlantic models / ©Cessna

One of Cessna’s best transatlantic models, the Citation Longitude comes top of our list of the most expensive private jets for the mid-sized jet class, costing around $27m. It has a range of up to 3,500 nm and a comfortable, 6-foot interior with enough space for travelers to stand and move around the cabin easily. Able to accommodate up to 12 passengers, the luxurious cabin is can be customized to meet your individual travel requirements.

Praetor 600 – $21m

The Praetor 600 has been designed with intercontinental travel in mind / ©Embraer

One of Embraer’s newest mid-size jet models, the Praetor 600 has been designed with intercontinental travel in mind, with popular journeys including London to New York. The technologically advanced aircraft costs around $21m and has one of the longest ranges for its class, flying up to 4,018 nm nonstop. It has also been designed with comfort and sophistication in mind, with an ultra-quiet environment perfect for working, relaxing, or making conversation, and space for up to 12 passengers.

Citation Sovereign – $18.79m

Citation Sovereign - most expensive private jets

The Citation Sovereign carries a price tag of $18.79m / ©Cessna

Another aircraft created by Cessna, the Citation Sovereign is a slightly smaller mid-sized jet than the Longitude, which explains the lower price tag of $18.79m. However, the Citation Sovereign still packs a punch with a range of 3,200 nm and room inside its double-club cabin for up to 12 passengers. With its enhanced technology and remarkable short takeoff capabilities, it’s also able to take off and land in smaller or more challenging airports that the larger private jets would struggle with.

[See also: Sustainable Skies: Jet Companies Making Positive Change]

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