Despite the country’s economic difficulties, it’s surprising how many people own a private jet in Nigeria. Long airport queues, delayed flights, canceled flights, check-in hassles, and other factors have all contributed to people opting to own a private jet in Nigeria. It begs the question: how much does a private jet in Nigeria cost? Is it low-cost or high-cost? So who can actually afford a private jet charter?
THE PRICE OF PURCHASING A PRIVATE JET IN NIGERIA
When purchasing a private jet in Nigeria, one has the option of purchasing a brand new or used jet, much like when purchasing a car. New private jets are, as predicted, far more expensive than second-hand private jets.
New jets can cost anywhere from $2 million to $500 million (about 1.14 billion to 2.85 trillion NGN). The cost of a private aircraft is determined by a number of parameters, including its size, manufacturer, the distance it can fly, the number of passengers it can carry, customization, and the features it has, such as engines and systems. A tiny seven-passenger Cirrus Vision, for example, costs around $2 million (1.14 billion NGN), whereas a customized Airbus A380 can cost up to $500 million (2.85 trillion NGN).
Used private planes are less expensive, but not as inexpensive as you may assume. Depending on customization and specifications, they are still worth millions or billions of naira. A pre-owned 2018 Gulfstream G650ER, for example, costs $52.5 million on the Gulfstream website as of November 2021.
Other expenditures associated with owning a private aircraft include maintenance, fuel, and cabin staff salaries, among others. For long-distance flights, planes with larger fuel tanks necessitate a higher fuel expenditure than smaller planes. The Bombardier Global 7500, for example, has a fuel capacity of almost 51,000 pounds and costs millions of naira to fill. Similarly, annual maintenance and repair costs might run anywhere from $200 million to $1.6 billion.
OWN A PRIVATE JET IN NIGERIA BY LEASING
Leasing a private jet in Nigeria is similar to leasing a car. A private jet lease might last anywhere from a few months to several years, depending on your arrangement. Wet lease and dry lease are the two main ways to lease a private jet from an aircraft company.
NUMBER OF PASSENGERS THE PLANE CAN TRANSPORT
As previously stated, the cost of a Private Jet is determined by the number of passengers it can transport. So, while considering purchasing a private jet, ask yourself, “Is this plane for just me alone?” Or for me and my family? Or to fly me and my business partners? By asking these questions, you will be able to determine the approximate number of passengers, allowing you to avoid wasting money on a private aircraft with a greater passenger capacity than you require. Thus, you will have an idea on whether you can or cannot afford a private jet charter.
HOW FREQUENTLY DO YOU FLY
Private planes are frequently customized to fulfill specific requirements. If you need to fly every weekend, every day, every six months, or once a year, it’s critical that you investigate the appropriate type and make of aircraft for your needs. You can cut your operating costs this way.
COST OF A CREW
When acquiring a Private Jet, you must also consider the expense of hiring a cabin crew, which may include one or more pilots, flight attendants, and other professionals. This allows you to keep track of your overall spending and budget.
Buying a private jet in Nigeria might seem like a big stretch for most people, which is why renting private jets has become one of the most lucrative sectors in the travel industry. Raymart Aviation offers you the best deals on all your travels. Get your quotes today, click here to get started.