Athletes, celebrities, government officials, businesspersons and other private citizens often enjoy flying around using private jets. But have you ever thought about how much it costs to charter a private jet? There are several factors that usually determine the cost of renting a private jet. These include the type of jet, size, and the distance of your destination, among other factors.
The past few years have seen the number of people renting private jets increase significantly. This is probably due to the drop in prices and the entry of more players in the private jet renting business. The increased competition among industry players has worked to the advantage of consumers across the world.
What you need to know about renting a private jet
There are several companies that rent out private jets both for individuals and organizations. Most of them have a website where you can contact them either through email, phone or live chat. It is also possible to get a private jet charter cost estimator via the website.
The destination of your journey
The destination of your journey has a huge impact on how much you will be charged for renting a private jet. Pilot availability, airport fees, local taxes, necessary fuel, and more can all play a major role in determining the final price.
Each make and model has a certain fuel capacity and is rated for long-range, mid or short travel. For instance, there are certain types of small jets that are incapable of making a trip over an ocean where there are no quick pit stops for fuelling. As such, the required destination will determine which aircraft is the most ideal for that particular trip.
Number of passengers and amount of luggage
Jets are limited both in terms of seating capacity as well as weight or load to carry. All operators are supposed to strictly adhere to the internationally approved limits. The number of passengers and the amount of luggage you have will determine the aircraft that will be allocated to you. The larger the aircraft, the higher you will pay to rent it. Besides, extra passengers and luggage usually decrease the efficiency of an aircraft. It will need more fuel to carry the load hence increasing the operational costs.
A closer look at the factors affecting the price of renting a private jet
1. Aircraft category
Aircraft are classified according to their sizes. If you are planning to travel with several people and heavy luggage, then a larger aircraft will be required. This means that you will dig deeper into your pockets because of the higher operating costs of a larger aircraft.
2. Type of aircraft
Type here refers to the model or make of an aircraft. Different types of jets have different sets of amenities and features. You, therefore, need to consider such features to weigh their advantages and disadvantages before making a decision.
3. Billable flight time
Private jets are normally rented out based on what is commonly known as “flight time”. This is basically an hour calculation on time from the time you board an aircraft till when it lands, also referred to as “wheels up to wheels down”. This duration includes fees to cater for the flight crew, fuel surcharges and other related expenses.
What is the average cost of renting a private jet?
Despite the variations in terms of costs, there are basic estimates that can give you a rough idea of how much it can cost you to rent a private jet for a day.
As mentioned earlier, private jets are normally billed based on “flight time”. The rates per flight house range anywhere between $2000 and $10,000 per hour. These rates are applicable for a wide range of makes and sizes of aircraft.
What are the most economical private jets to rent?
“Turboprops” are the most cost-effective option when it comes to renting private jets as long as they suit your travel needs. Also known as executive light jets, Turboprops are ultra-light jets whose renting price ranges from $2,000 to $2,800 per flight hour on average.
In a nutshell, there are various factors that determine the cost of renting a private jet. Some of these factors include the type of aircraft, destination distance, number of passengers, and weight of luggage, among others.
AUTHOR NAME : ALISON LURIE