Comment by amiga386

The economics are more that an entrepreneur rents the airplane to several enthusiasts in the area, each of whom enjoy flying and each would pay $100/hr for the thrill of flying.

But sure, there are also sometimes rich people and/or hyperenthusiasts who buy their own planes at great cost.

There are similarly people who enjoy car racing, horse riding, sailing, train journeys, and give excuses for their itineries but it's really to spend time on their hobby.