As a quick summary, the least expensive to operate is a Cirrus Vision SF50 jet at $661.53 per hour. The most expensive, as you might expect, is a private airliner.
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The Ministry of Defence sells fixed-wing airplanes and helicopters occasionally at auction; when they retire the Hawk T1 you could be able to pick one up. This CAA document goes over many of the particulars, a quick summary is that in almost all cases they would be under a permit to fly.
Cost savings: Chartering a private jet is significantly more economical than buying your own plane. When you charter, you'll pay only for the flights you use, rather than for the entire purchase price of an aircraft that may spend much of its time sitting in the hangar.
Therefore, the wealth of those who possess private jets rises in proportion to the size of their planes. The typical owner of large luxury private jet has a net worth between $60 million and $70 million. The average wealth of owners of midrange and super-midsize aircraft is around $120 million.
It can be more affordable to fly privately if the cost is shared among all the passengers or by booking a flight on an empty leg. When you book a private jet charter, you're renting the entire aircraft. Bringing other paying passengers with you can reduce the cost.
The average cost for a Midsize Jet is can cost around £4,000 on average per hour. Your private jet hire cost can vary depending on how long your trip takes (and how many passengers you have). Hiring a Hawker 900XP Midsize Jet in the UK can cost between £2,600 and £3,800 per hour.
The most economical private jets - Turboprops, Very Light Jets, or Executive Light Jets - cost around $2,600 to $3,500 per flight hour. Midsize or Super Midsize Jets cost between $4,000 and $8,000 per hour.