Private Charter Jet Prices
When people think about private jets, one of the first thoughts that comes into their mind is about the expense. A private jet is (and always has been) the epitome of luxury travel. If you are lucky enough to fly privately, you can expect unparalleled comfort and wonderful service throughout the flight. You don’t need to hang around airports, or adhere to luggage restrictions, you can travel according to your own needs. All of this, however, comes at a price. As you would expect, prices vary according to the size of the aircraft and the distance of your journey.
If you are interested in chartering a private jet, then there is a multitude of options available to you. The most important decision you’ll have to make is on the size of the aircraft. Much of this will depend on how many people will be travelling and how far you intend to go. Although this might seem obvious, some smaller aircrafts will be limited by engine size to travelling only within the continent. This will be inherently problematic if you intend to journey further. For this reason, you may need to hire a more powerful jet if you need to fly several thousand miles in one go.
Prices for private chartered jets vary frequently. There are many factors which can potentially affect the price you pay for a private flight. Some of the issues may encounter include: aircraft availability, airport landing charges, and pilot fees. With this in mind, you may expect to pay different rates between alternative flights.
Prices also vary in accordance with the general economic climate. During the economic crash of 2008, for example, the future of chartered was very uncertain. At this point in time, it became difficult to find a company at all that offered these services. Nevertheless, the economic climate has continued to improve and more people are beginning to fly privately.
Here is a summary of some of the most popular jet types and their accompanying prices. It should be always be remembered, however, that prices can fluctuate and these quotes are by no means static. They should be considered as a general guide.
Small jets can be a fantastic way to travel, especially if you are only needing to take a small to mid-range flight. There are several varieties of small jet and each is able to accommodate a different number of guests. Here are some of the most commonly-used small jet aircrafts:
- Beechjeet 400
- Citation Jet 1/2/3
- Citation V/Ultra/Encore
- Lear 40
- Lear 45
- Premier 1
This list is by no means exhaustive, so if you would like to learn more then click here. In terms of price, however, here is a good example.
As this is being written (May 2014), you can charter a private jet from London to Paris for three people from €2510. This is using a Diamond Twin Star jet. The journey will also take roughly 1 hour 38mins. However, if you are travelling with more people, then you can expect to pay more. Here is a brief summary:
|Beech BE90 KingAir||6||1 hour 7mins||€3,700|
|Beech BE200 Super King||8||1 hour 3mins||€3,800|
|Piper PA31 Navajo Chieftain||7||1 hour 11mins||€4,200|
|BN2A Trislander||16||1 hour 19mins||€4,400|
If you take away anything from this table, it should be that prices don’t generally increase dramatically according to aircraft size. For example, the price difference between the Piper PA31 and BN2A Trislander is only €200. Nevertheless, the BN2A is able to carry 9 more people for a minimal financial difference. Although private air chartering has a reputation for being expensive, it’s actually very cost-effective if you’re travelling in large numbers. Put it this way: you would not be able to take 16 people on a first-class flight from London to Paris for under €4400. In this respect, private jet chartering might be less expensive than you initially thought.
Interestingly, if you travelling domestically within the UK, then it’s generally more expensive. This might seem surprising, but you’re primarily paying for the convenience and speed. If you wanted to travel from Edinburgh to London, for example, it would cost the following:
|Diamond Twin Star||3||2 hours 28mins||€3,200|
|Beech BE90 KingAir||6||1 hour 39mins||€5,300|
|Beech BE200 Super King||8||1 hour 33mins||€5,300|
|Beech BE350 King Air||8||1 hour 11mins||€5,900|
|Piper PA31 Navajo Chieftain||7||1 hour 45mins||€6,000|
Although there is a greater distance between Edinburgh and London, it’s important to note that the price is significantly higher overall. As previously suggested, this is because you will be flying from a smaller airport and you’ll be paying primarily for the convenience. Nevertheless, it’s intriguing to observe that a chartered private jet is still potentially cheaper than a commercial first-class flight. As a general rule of thumb, the more the people, the more cost-effective your journey will become.
Midsize jets are a popular option for groups/individuals who need to travel over a greater distance. They are particularly popular amongst companies who are travelling for business and require a larger sized aircraft. If you want to make your journey cost-effective on a midsize jet, then you should aim to travel for up to 4 hours. This means that midsize jets generally have a range of around 2000 miles. If your geography isn’t great, then you could comfortable fly from London to central Turkey within that radius. Here is an overview of the most common midsize jets:
- Citation III/VI/VIII
- Citation Excel
- Dassault Falcon 200
- Hawker 125-800/800 XP/1000
- Lear 60
Continuing on from the example, here is a price guide to flying from London to Istanbul on a midsize jet.
|Learjet 40||6||3 hours 24mins||€22,000|
|Citation XL||8||3 hours 26mins||€25,000|
|Citation III||8||3 hours 33mins||€26,000|
|Learjet 45||8||3 hours 33mins||€26,000|
At this level of journey, it becomes more expensive to charter a private midsize jet for your flight. While the distance plays an important role in this fluctuation, it is also more generally indicative of midsize jet prices. They require more fuel, more staff, and the aircrafts themselves are more expensive to run. For this reason, you can expect to pay well into 5-figures for a 2000 mile flight. However, they are still arguably cost-effective if you are willing to use them for longer flight journeys.
As the name suggests, super midsize jets are specifically designed to take a larger volume of passengers over a significant distance. This is where long range jets become especially useful. They have a range of 5000 miles, so are perfect for travelling to the United States or the Middle East. All of the large aircrafts don’t require any fuel stops. This means that they are the most efficient in terms of time and money (you won’t need to pay for any additional airport landing charges). Here is a useful example; London to New York:
|McDonnel Douglas DC9-30||115||7 hours 33mins||€130,000|
|McDonnel Douglas DC10||300||6 hours 13mins||€137,000|
|Boeing 737-800||189||7 hours 15mins||€147,000|
|McDonnel Douglas MD11||310||5 hours 48mins||€149,000|
If you are interested in comparing prices, then it’s worthwhile to notice that there’s a minute difference in price between jet seat capacity and overall price. Think about it this way: you can take an extra 185 people on a McDonnel Douglas DC10 for only €7000 more. In terms of cost-effectiveness, this difference really is minimal. This would suggest that there’s very little difference in the prices between individual large airliners. What makes it expensive, however, is the amount of fuel, staffing, and overall maintenance required of flying a large aircraft. For this reason, if you want to make the most of your large aircraft, then travel in bulk. Once you require an aircraft which can accommodate over 100 people, you should already expect to pay in the 6-figure region. Whether your party is 100 people, or 300, it doesn’t reallymatter in terms of price.
How are the prices calculated?
If you are interested in booking a chartered jet, then it’s worthwhile taking the time to understand how the prices are generated. For example, your party might be subjected to additional airport landing fees depending on your location. Many air charter companies will calculate this for you, but it’s always worth bearing in mind.
When you charter a jet, you pay an hourly rate according to the size and capacity of the aircraft. As we’ve seen, the larger the jet, the more expensive it is to rent (naturally). If you would like a general ballpark figure, then the lower-end private jets start their rates at £1300 per hour. However, there are many other factors which go together in calculating your fee. Here are some of the general components which add up to the overall price of chartering a jet:
- Landing fees: landing fees are dictated by individual airports. They are calculated according the aircraft type and its overall weight. These fees can alter dramatically depending on the airport. Nevertheless, this fee is usually incorporated into your general bill.
- Handling fees: handling fees are another aspect of operating within an airport. A handling fee is based on the presumption that your aircraft will require assistance from the Fixed Base Operator (FBO) while you are within the airport. Included in the price is the fuel, sanitation, and any passenger transportation which is required by your aircraft. For this reason, this is an essential part of private air chartering.
- Taxes: some airports will charge you tax levies upon your arrival at their terminal. This is calculated according to the distance you’ve travelled.
- Crew salaries: a large component of your overall air charter price is made up from crew salaries. The overall fee will include the price of hiring pilots, air hostesses, and any required cleaners.
- Journey expenses: When you travel privately, you expect excellent catering and entertainment while you fly. For this reason, your final fee will include all of your meals and drinks while onboard.
While many of these fees are included in your overall cost, it’s useful to understand how these prices are calculated. It will also help you to prepare against any unforeseen additional costs.
Private Charter Jet Prices: a summary
Altogether, private jet chartering can be cost-effective and time-saving if you do your research. The prices included in this post are by no means exhaustive, but they are indicative of wider financial trends. As a general rule, it’s more cost-effective to use the correct aircraft size which suits your journey distance. For example, if you are travelling to New York privately, then it makes sense to travel in groups larger than 10.
If you want to get a good grasp of the prices involved, then it makes sense to do shop around. Depending on your location, there will be additional prices for landing at special airports. In addition to this, you might be subject to catering charges depending on the airliner you use.
One of the benefits of flying privately, however, is that you should be given your own designated account manager. It will be their job to explain the prices to you and account for any additional charges. If you are ever in doubt, then contact one of the many airline companies for a comprehensive quote.