The real answer to this question is: “It depends.” There are many aircraft options to choose from, and multiple additional expenses that variate based on your actual itinerary and length of stay. Our goal with this article is to give you an idea on the cost to charter a private jet, and standard rates for popular destinations.
The following table shows the average hourly rate for each aircraft category:
|AIRCRAFT CATEGORY||SEATS||RANGE||HOURLY RATE|
|Light Jet||7||3.5 Hours||$3,000|
|Mid Size Jet||8||5.5 Hours||$4,000|
|Super Mid Size Jet||9||7 Hours||$5,000|
|Heavy Jet||16||9 Hours||$7,500|
|Long Range||16||14 Hours||$9,500|
This table is a good starting point for understanding the average cost of each private jet category. However, there are more factors involved in pricing, not just the hourly rate. For example: Landing Fees, Overnight fees, Daily minimums, International Permits
Here is a brief explanation of each charge:
Landing Fees ($250-$1,500)
The airports charge this fee, and it’s based on the aircraft size or the wingspan of the plane.
Overnight fees ($750-$2,500)
Keeping an aircraft out of its home base has a cost. There are airport fees involved to keep a plane overnight, and also crew fees, their accommodation, hotels, and expenses.
Daily minimums (2 hours per day)
Most aircraft owners will not charter their aircraft unless they are guaranteed a minimum income of 2 hours of flight time per day. Just like in the car business, there is a minimum daily rate or a fee per mile to cover. The only time you will avoid this fee is when the flight time exceeds 2 hours per day; in such case, this fee will not apply.
Diﬀerent types of pricing:
Empty-leg pricing: a flight that has already been paid for but has to move without any passenger, offered as a bargain; significantly below the market value.
One-way pricing: is a point to point pricing, but at market price per hour. This option should be close to market value, but still below.
Round-trip pricing: home base back to home base pricing, full market price that can at all times be guaranteed.
Most people don’t truly understand these two concepts, and the truth is that one-ways are not available everywhere, and at any time. Empty-Legs are more of a desperate deal, being available only when a trip is already paid for, and the plane must move to a certain destination, and no trip or demand matches their “dead-leg.” In this case, a point to point pricing may be available, but the chances of finding an empty-leg that perfectly matches your trip are low, but not impossible.
One-ways are available for trips within the most popular routes of the world. In the U.S, this would be flights between New York, Los Angeles, or Miami; anything in between these routings could potentially have a one-way available. However, one-ways can be available for other routings too, if a certain trip matches the schedule of the aircraft owners. But in reality, a trip starting or ending in the middle of nowhere will most likely be priced as a full round-trip; which means an aircraft is dropping passengers at their destination, and proceeding to fly back to its home base afterward. Round-trips are available all the time, as long as there is aircraft availability. A full round-trip pricing entails an aircraft leaving its home base to do a flight, and then ending the mission coming back to that home base.
The following chart shows one-way pricing for the most common routes in the United States:
|AIRCRAFT CATEGORY||NEW YORK – MIAMI||COAST TO COAST||TRANS ATLANTIC|
|Mid Size Jet||$16,000||$28,000||–|
|Super Mid Size Jet||$20,000||$34,000||–|
If you have any questions or need assistance with an upcoming flight, feel free to call +1(305) 917 1600 and one of our private aviation experts will be happy to assist you. If you enjoyed this article, don’t forget to follow us in social media and other platforms to get these articles weekly; we will be talking about private aviation every week.