I'd like to get my own LearJet and fly it. My preferred budget for this is $600k.
I am not a pilot, but I am very interested in flying my own jet and look forward to pilot training. I don't think I have to explain that on this forum right?
I am well aware that the budget of $600k puts me into late 60's to mid 70's used jets with likely maintenance/upgrade/inspection/overhaul costs in the $50k to $300k range. So that, plus what appears to be a $75k to $500k market value of these older jets puts me at my $600k budget.
I'm trying to figure out an overall, multi-year strategy to make this happen, some questions would be:
- How can I efficiently research the additional costs I will need to consider when jet shopping? Is there a jet-refurbisher out there who takes these 40 year old jets and does the whole whiz-bang to them? That seems like someone who would know.
- Whats the least expensive way to go from absolutely no pilot training to private jet pilot?
- What amount of training would be considered conservatively "safe" and as ready as could be for emergencies? I.e., not the minimum.
- What about also training to become a jet mechanic so I can do the maintenance on my jet myself? How long does that take and how much does it cost?
- What about somehow paying for the jet and my training by becoming a commercial jet pilot and flying my jet for hire? Does the math work out on that?
- Is a major cost of training going to be paying for the thousands of hours of fuel in my jet? (assuming its more expensive than the prop-plane part of the training)
Thanks for any help! I'm very well aware this is an expensive and complex process, but that hasn't stopped any of you has it? :wink2: