The cost to charter a private jet can fluctuate significantly based on several key factors. However, a general rule of thumb in private aviation is that the size of the aircraft directly correlates with the hourly charter rate. Smaller aircraft typically translate to more budget-friendly options when considering the total private jet price for your charter needs. For instance, chartering a turboprop aircraft can start at approximately $2,000 per hour, while opting for a heavy jet charter can push the hourly cost closer to $10,000.
Choosing a private jet charter service offers a pathway to experience luxury air travel without the substantial financial commitment of aircraft ownership. Private jet charter rates are notably more accessible than the considerable expenses associated with purchasing a private jet outright. Unless your flight schedule exceeds roughly 150 hours annually, the financial implications of private jet ownership are often not justifiable.
Opting for private jet charter services, as highlighted by Bankrate, eliminates numerous financial burdens linked to aircraft ownership. You circumvent expenses such as ongoing maintenance fees, crew member salaries, insurance premiums, and interest payments.
Luxury jet charter prices are determined by a variety of factors, such as flight time and distance, charter destination, aircraft type and more.
The cost of chartering a jet for a week can range from tens of thousands of dollars to several hundred thousand dollars, depending on how often you fly and which aircraft you choose to charter. If you don’t plan on spending the entire week on the aircraft, it’s recommended you charter a plane for the days you do intend to fly as you’ll be required to pay daily minimums to hold an aircraft that could otherwise be earning revenue.
The demand to fly on a private jet charter is increasing as passengers look for an alternative to commercial flying.
For those able to afford it, purchasing a private jet can range from several hundred thousand dollars to millions of dollars, and this doesn’t even include ongoing fees such as fuel, staffing, and maintenance. According to Bankrate, unless you fly roughly 150 hours or more a year, buying your own private jet doesn’t make sense.
With a private jet charter broker, you can fly on a luxurious private jet without the upfront cost of owning a personal aircraft.
The cost of chartering a private jet is based on the size of the aircraft, the preferred travel dates, the location of the aircraft, and the arrival and departure airports. Rates begin around $2,200 an hour and can exceed $15,000 an hour.
For an approximate rate, use the private jet charter cost estimator above.
