Charter Private Jet Cost

Executive Fliteways Is Excellence In The Air

Originally Reported By CNBC on October 11, 2013

Buying a private jet is no small task. Jet prices range from $3 million to $90 million, although 85 percent of customers buy second-hand aircraft. Most jet owners switch jets every four to five years, much like car owners, although these vehicles cost a bit more to run: depending on the size of the aircraft, it can cost between $700,000 to $4 million per year to run your own aircraft. For those multimillionaires who are tired of traveling first class, but perhaps don't want to fork out for a jet that will run up bills for years, there is an alternative: the membership scheme. "There are high-net-worth individuals in this world who can't justify the cost of operating a jet," said Will Ashcroft, CEO of Jumpjet, a company that offers a membership scheme for private jets at the approximate cost of a first-class airfare. "I have two billionaires on my membership today, one of whom who will spend $400,000 dollars to get his Ferrari refurbished in Maranello, Italy, but refuses to spend $31,000 to go round trip from Los Angeles to Austin to watch the Formula One race on a private jet."

The Jet Business showroom in London. The Jet Business The Jet Business showroom in London. Jumpjet, launched earlier this year in the U.S. only, offering memberships that allow passengers a certain number of trips per year on charter aircraft that serve 40 U.S. cities. For example, with Jumpjet, you could sign up to the Flexible Upper Club membership, costing $1,500 a month, $18,000 annually. For your buck, you get ten guaranteed round trip flights, guests for $1,000 extra each, complimentary frequent flyer trips and a one-time registration fee of $550. Varsano and Ashcroft seemingly are gunning for different markets, with the former aiming for the big-spenders while Ashcroft's business is tailored to seize on the "frustrated premium class airline traveler." Ashcroft, explaining the U.S. market where he operates, said, "Here, the distances are so great, yet the airline service is atrocious. The domestic system is a mess: the cancellations, the delays. This country, on average, has between 570 and 670 million airline passengers per year. Of that, about 10 percent are the premium classes.

They have nowhere to go, the airline service isn't getting any better." Ashcroft wants to conquer this market with a business approaching its first full-year this January. Meanwhile, Varsano says his jet dealership isn't just for the ultra-high-net-worth clients: he said that a lot of start-up companies come to his Hyde Park office and he argued, "Over 70 percent of all corporate jets in the world are flown by middle-management people. It's not necessarily the bad image of some fat cat with a cigar and some champagne, that's not what corporate aviation is about." Of course, later on, while Varsano was showing the shop's interior, designed like the inside of an Airbus 319, he did reveal a humidor that some clients like to use when visiting.

While Varsano and Ashcroft aren't direct competitors—and Varsano noted that many his clients will allow companies like Ashcroft's to use their jets when they're in use—both are seeking expansion into each other's markets. "Absolutely, international is our goal," Ashcroft said, "Our five-year plan is to have a presence in Latin America, United Arab Emirates and Asia and we will assess Africa." Varsano hopes to bring The Jet Business store-front, face-to-face model to New York eventually. So should you buy or should you become a Jumpjet member? The answer, according to Varsano, is actually quite simple. "If you're not flying your air plane 150 to 200 hours a year, you really shouldn't buy one. You should just rent one. We're the first people to advocate that."

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Our Private Jet CHARTER Aircraft Fleet

Light Jets: 8 Passengers

A light jet is a category of small jets seating anywhere from 4 to 8 people (depending on configuration) and often with a maximum takeoff weight of under 10,000 pounds. Light jets are considered the lightest business jets and are approved for single pilot operation. Light jets are ideal for shorter trips for business meetings or family getaways.

Midsized Jets: 10 Passengers

Midsize jets – also referred to as mid-size jets, are great for long distance travel such as transcontinental flights or trips requiring larger passenger capacity (depending on configuration). Unlike a light jet rental, Mid-size private jets are incredibly versatile private aircraft, combining the comfort and space of larger personal planes, with the speed and agility of small private jets. Private jet speeds help the aircraft travel a range of over 5,000 nautical miles and typically seats 7 to 10 passengers.

Super Mids: 16 Passengers

Super mid-sized jets are designed to comfortably accommodate from 8 to 16 passengers (depending on configuration) - with substantial baggage space. Super mids can be chartered for international, non-stop transcontinental or mid-range travel with an average flight range of up to 9 hours of flight time - or 4,500 miles - in optimum conditions.

Large Jets: 16 Passengers

Large cabin jets have a cabin height of over six feet. Cabin width varies from nearly seven to over eight feet, while cabin length can range from 28 feet to nearly 50 feet. With endurance of 8 to 10 hours, many large cabin jets - like the Falcon 900 - are also designed for longer range flights such as New York to Paris. Large cabin jet cabin amenities can include WiFi, private lavatory, PlayStation video games, satellite phone, cabin attendant and a full galley.

Turbo Props: 10 Passengers

What sets turbo props apart is their versatility. Unlike other private jets, planes with a turbo prop engine don’t need a full runway for landing and take off; a short grass airstrip is more than enough. Which makes them perfect for taking the route less traveled. Made for short to medium journeys, turbo prop planes can land on grass airstrips and short runways. Turboprops are an economical way to fly, with room for eight to ten passengers.

Helicopters: 13 Passengers

While there are many reasons to take a chartered helicopter flight - the fact that for most it is a once in a lifetime experience is probably the most prominent. Helicopter flight in itself is an adventure that most people find thrilling. Making use of helicopter flights is also a great way to mark a special occasion and create new memories that will make a special day even more special.

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