Flying in Style: How Much Does a HondaJet Elite Really Cost?

The HondaJet, with its unique design and efficient performance, has become a popular choice for short-range business travel. But how much does it cost to own or lease one? Let’s dive into the costs and benefits of the HondaJet Elite series. The HondaJet first took flight in 2003 and was approved for U. S. sales in 2015. It's known for its over-the-wing engine placement and sleek design, making it ideal for quick state-to-state trips. It can seat four to ten passengers, depending on the model, so a few colleagues or family members can join the ride. When it comes to performance, the HondaJet stands out with its short take-off and landing distances, making it convenient for small airports. Its range isn’t as long as larger business jets, but it's a fraction of the cost. Let’s compare the HondaJet models: the base model, Elite, and Elite II. The HondaJet has a max range of 1, 180 nautical miles (nm), while the Elite and Elite II have ranges of 1, 437 and 1, 547 nm, respectively. They share similar cruise speeds and operating ceilings, but the newer models have improved takeoff and landing lengths. The latest model, the Elite II, can seat one more passenger than the others but has slightly less baggage space. Purchasing prices vary: the base HondaJet costs around $2. 8 million, the Elite is about $3. 8 million, and the Elite II is around $7 million. If buying new isn’t an option, certified pre-owned planes might be cheaper. Leasing is another option, with companies like FlexAirCharters offering 'Dry' or 'Wet' leases. A 'Dry' lease just includes the plane, while a 'Wet' lease covers everything from crew to maintenance. Volato, for instance, offers fractional ownership starting at $4, 000 per hour, which can be more affordable. Running costs for these jets can add up. LibertyJet’s sample budget shows that flying a base HondaJet for 200 hours a year can cost around $579, 439, with variable costs like fuel and maintenance, and fixed costs such as crew and insurance. The Elite and Elite II will have similar costs, with the newer models performing slightly better. Despite the high costs, owning a HondaJet can be cheaper than larger jets like the Gulfstream G700, which can cost up to $3. 36 million for 400 hours of flight. Savvy owners can reduce costs by learning to fly the jet themselves or managing the aircraft personally.