Owning an aircraft comes with significant costs beyond the purchase price. Key expenses include maintenance, which ensures the aircraft is in optimal flying condition, and insurance, which protects against potential risks. Fuel is another major ongoing cost, varying based on flight frequency and aircraft type. Additionally, hangar fees, inspections, and licensing are recurring charges. Owners should also budget for unexpected repairs, upgrades, and crew salaries if applicable. Properly managing these costs is crucial to ensure aircraft ownership remains financially sustainable. Before purchasing, it’s essential to evaluate all associated costs to make an informed decision.