Just How Much Does a Private Jet Cost to Hire or Buy?
You may be wondering how much does a private jet cost as you’re looking to buy or hire one of these fantastic pieces of modern technology. Costs vary enormously based on the type of private jet that you desire, size and complexity. If you are in the market for chartering or purchasing a jet for yourself or your company then read on and we will address your question.
Costs of Hiring or Chartering a Private Jet
Many companies these days are reconsidering the necessity of purchasing a private jet outright. Not only is the initial purchase price a very high fixed cost, but the ongoing costs are sometimes a bigger consideration. Even without actually flying anywhere, jets cost a huge amount just to keep them serviceable and in keeping with all of the certificates of airworthiness requirements. Ongoing costs to consider include regular (and any unforseen) maintenance, hangarage, pilot and crew salaries, insurance and more. Private jet chartering eliminates this additional cost and complication, as companies hiring a jet can just pay on a ‘per flight’ basis, rather than paying for the aircraft to sit on the ground when not in use.
Private jet hire companies typically operate on a bespoke quotation principle, where you contact them to discuss your requirements in terms of type of jet, passenger numbers, distance of journey etc. and they will supply you with their best quote. Quite surprisingly there are even private jet broker websites that operate in a similar way to a regular flight booking website by searching for prices among other private jet companies.
Hourly Jet Hire Rates
The hourly rate that a jet would hire out for depends on its size. They tend to be classified into three different size categories, these are ‘light / small jets’, ‘medium / midsize jets’ and ‘fullsize / heavy’ jets.
The rigors of personal or corporate travel on the scheduled airlines have caused many business travelers to access the convenience and flexibility of corporate aircraft charters. Since 1981, Executive Fliteways has provided upscale, personalized, seamless service to its corporate and leisure clientele. With one call, email or form submission, immediate itinerary and price information is available from our knowledgeable charter sales representatives, who will also make arrangements for hotels, ground transportation and in-flight catering as required.