Masters in Business At The Money: What Does it Take to Buy Your Own Jet?
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Aug 20, 2025 
Preston Holland, founder of Prestige Aircraft Finance and host of The VIPC, dives into the fascinating world of private jet ownership. He reveals that owning a jet might be more accessible than you think, debunking the myth of exorbitant costs. The discussion covers practical tips on choosing the right model and navigating financial implications, including tax strategies. Holland also addresses the pilot shortage and compares full ownership with fractional options, highlighting the unique benefits tailored for high-net-worth individuals.
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Owning A Jet Isn't Only For Billionaires
- You don't need to be a billionaire to own a jet but net worth matters.
- Preston suggests roughly $100–$200 million net worth as a practical starting point for light or mid-size jets.
Jets Usually Depreciate, With Occasional Surges
- Aircraft generally depreciate over time, but market spikes can reverse that.
- Models like the Phenom 300 and Pilatus PC-12 saw short-term appreciation after COVID due to strong demand and long waitlists.
Separate Fixed From Variable Costs
- Budget fixed annual costs separately from variable costs before buying.
- Expect fixed costs (crew, management, hangar, insurance) of about $400K–$500K for light jets and over $1M for large aircraft.