5 Business Jets for Under $10 Million
When it comes to business jets, you don’t have to spend tens of millions to enjoy the benefits of private air travel. Whether you're a first-time buyer or looking to expand your fleet, there are several high-performing business jets available for under $10 million. Here’s a look at five exceptional options that balance affordability, operational costs, and performance.
1. Cessna Citation CJ3+
Price Range: $6.5–$8.5 million
Operational Costs: Approx. $2,000–$2,500 per hour
Specifications:
- Seating Capacity: Up to 9 passengers
- Range: 2,040 nautical miles (3.8 hours of flight)
- Cruise Speed: 416 knots
- Cabin Height: 4.78 feet
The Cessna Citation CJ3+ is a top choice for those seeking efficiency and reliability. Known for its low operating costs and single-pilot operation capability, the CJ3+ is perfect for short to mid-range trips. Its modern avionics, fuel efficiency, and spacious cabin make it a favorite among business owners.
2. Embraer Phenom 300
Price Range: $8–$9 million
Operational Costs: Approx. $2,500–$3,000 per hour
Specifications:
- Seating Capacity: Up to 10 passengers
- Range: 2,010 nautical miles (3.6 hours of flight)
- Cruise Speed: 453 knots
- Cabin Height: 4.92 feet
The Embraer Phenom 300 is one of the most popular light jets on the market, offering excellent performance and comfort. Its spacious cabin features comfortable seating and modern entertainment systems. This jet's speed and range make it ideal for frequent flyers who value time efficiency.
3. Pilatus PC-24
Price Range: $9–$9.9 million
Operational Costs: Approx. $2,200–$2,800 per hour
Specifications:
- Seating Capacity: Up to 8 passengers
- Range: 2,000 nautical miles (3.6 hours of flight)
- Cruise Speed: 440 knots
- Cabin Height: 5.1 feet
Known as the "Super Versatile Jet," the Pilatus PC-24 is unique in its ability to land on short, unpaved runways, giving it unmatched operational flexibility. It features a spacious cabin with customizable interiors and offers exceptional value for those needing access to remote areas without compromising luxury.
4. Gulfstream G150
Price Range: $7–$9 million (pre-owned)
Operational Costs: Approx. $2,700–$3,200 per hour
Specifications:
- Seating Capacity: Up to 8 passengers
- Range: 3,000 nautical miles (5.5 hours of flight)
- Cruise Speed: 470 knots
- Cabin Height: 5.75 feet
The Gulfstream G150 is a high-performing midsize jet that offers incredible range and speed for its price. Though discontinued, its reliability and luxurious cabin make it a fantastic option in the pre-owned market. The G150 is perfect for coast-to-coast travel or international business trips.
5. Bombardier Learjet 75
Price Range: $9–$10 million
Operational Costs: Approx. $2,500–$3,000 per hour
Specifications:
- Seating Capacity: Up to 8 passengers
- Range: 2,040 nautical miles (3.8 hours of flight)
- Cruise Speed: 464 knots
- Cabin Height: 4.92 feet
The Learjet 75 combines cutting-edge technology with legendary performance. Its sleek design and exceptional speed make it a top choice for corporate executives. With advanced avionics and impressive range, this jet is built for efficiency and comfort.
Comparison Table
| Jet Model | Price Range | Range (nm) | Cruise Speed (knots) | Seating Capacity | Cabin Height | Hourly Costs |
|---|---|---|---|---|---|---|
| Cessna Citation CJ3+ | $6.5–$8.5M | 2,040 | 416 | Up to 9 | 4.78 ft | $2,000–$2,500 |
| Embraer Phenom 300 | $8–$9M | 2,010 | 453 | Up to 10 | 4.92 ft | $2,500–$3,000 |
| Pilatus PC-24 | $9–$9.9M | 2,000 | 440 | Up to 8 | 5.1 ft | $2,200–$2,800 |
| Gulfstream G150 | $7–$9M (used) | 3,000 | 470 | Up to 8 | 5.75 ft | $2,700–$3,200 |
| Bombardier Learjet 75 | $9–$10M | 2,040 | 464 | Up to 8 | 4.92 ft | $2,500–$3,000 |
These business jets prove that you don’t have to break the bank to enjoy private aviation. With options under $10 million, you can access the luxury, speed, and convenience of private jet travel without overspending. Each of these jets offers unique benefits, from the short runway capabilities of the Pilatus PC-24 to the long-range capabilities of the Gulfstream G150.
Whether you’re a broker advising clients or an operator considering a fleet expansion, these jets provide exceptional value for their price. Ready to learn more? Explore IABI’s courses to deepen your expertise in aircraft sales and charter brokerage.
