Private Jet Rental Cost: How Much It Cost To Rent In 2022

Private Jet Rental Cost: More people are traveling by private jet charters due to its many advantages. Flying privately allows you to travel again while maintaining a healthy social distance and avoiding busy airports and crowds when the world is only slowly recovering from the global pandemic caused by Covid-19.

Even though it may seem unreal, first- and business-class seats on commercial flights are now reasonably priced with recent decreases in the cost of private jet charters. But first, let’s address some potential concerns you may have before discussing current private jet prices.

Private Jet Rental Cost

Different things can change how much a private jet charters costs, but the smaller the plane, the cheaper the hourly rate will be. A turboprop charter starts at about $2,000 an hour, while a high jet charter costs closer to $10,000 an hour.

As more people look for alternatives to commercial flights, the number of people who want to fly on a private jet is growing. You could buy a private jet, but most of them cost between a few hundred thousand dollars and a few million dollars. This doesn’t even include ongoing costs like gas, employees, and repairs.

With a private jet charters service, you can fly on a luxurious private jet without going bankrupt. Buying a private jet is much more expensive than renting a private jet. If you don’t fly 150 hours or more a year, buying your private jet hire doesn’t make sense.

We made private jet charter costs estimates based on familiar routes and aircraft so that clients could get a quick idea of how much it costs to book a private jet charter.

How much does renting a private jet cost?

Costs range from $2,000 to $11,000 per billable flight hour to rent a private jet. These hourly rates cover many planes, from turboprops to the most luxurious business jets in the sky. Several things besides the hourly rental rates affect the total cost of chartering a private jet.

The least expensive private jets are Turboprops, Very Light Jets, and Executive Light Jets. (san Francisco) They cost between $2,600 and $3,500 per hour of flight. Midsize or Super Midsize Jets cost between $3,200 and $6,000 per hour. Large and ultra-long-range jets cost between $5,600 and $11,000 per hour in the United States and elsewhere.

Ultra-luxurious VIP airliners like the BBJs and ACJs in executive configurations cost anywhere from $11,000 to $18,000 per billable flight hour.

How are the costs of private jet flights figured out?

Most of the time, the hourly rate determines how much a private jet rental will cost. But this method doesn’t always give a correct reference for a private jet charter. (san Francisco) People use online estimates to quickly figure out or get a rough idea of how much a private jet flights will cost. We will give you a final quote, which will be a price that includes everything.

Price Factors for Renting a Private Jet

1. Category of Aircraft

A plane’s category is based on how big it is. The cost to rent a jet goes up the bigger it is. Prices for private jets range from $2,000 to $10,000 per hour, depending on the jet type.

2. Type of Aircraft

In each group of private jets, there are different kinds of planes. Depending on how much people want them, some types of planes cost a little more than others. Prices range from $200 to $2,000 per hour or even more.

3. Age of Aircrafts

The hourly rate to rent a newer charter plane is higher than that of an older plane. Prices can range from $100 to $1,000 or even more per hour.

4. Flight time that can be charged for

The total billable flight time includes positioning fees, time in the air, and, if applicable, a minimum of two hours per day, which is the industry standard. Wheels up to wheels down are meant by “billable flight time,” and taxi time is not included.

Fees that apply to all flights in the US

1. Landing Fees

The airport authority charges landing fees to help pay for the upkeep of the airport. These fees vary from airport to airport and are usually between $150 and $500, depending on the size and weight of the plane.

2. Ramp and Handling

The fixed-base operator will charge anywhere from $100 to $500 per visit for parking and handling the plane. These fees are sometimes canceled if a certain amount of fuel is bought.

3. US Segment Fees

Segment fees are a type of government tax figured out per passenger and vary from region to region. In the US, each passenger pays $4.50 per leg for a segment fee.

4. Federal Excise Tax

All domestic flights in the US are charged a 7.5% Federal Excise Tax. Any amount paid for air charter service travel is subject to FET. Find out how to figure out the taxes on flights in the US.

Additional Fee & Charges

1. Crews Over Nights

Crew up overnight, and per diem fees range from $200 to $400 per crew member per night to pay for food, lodging, and other costs that come with being away from home.

2. Short-legged fees

Short-leg fees usually apply to more significant aircraft categories and are set by the aircraft owner for flights that last less than a certain amount of time. The industry standard for the minimum flight time per day is 2 hours.

3. Aircraft Positioning Cost?

Aircraft positioning fees are determined by the flight time it takes to move the plane to pick up passengers and fly it back to its home base.

4. Hangar Fees

Most hangar fees are paid when it’s cold and icy outside to keep ice, snow, or frost from building up on the plane’s surface and save money on deicing costs. Depending on the size of the plane, hangar fees can be anywhere from $500 to $1,500 per day.

5. Wi-Fi Charges

Wi-Fi costs anywhere from $3.00 to $8.50 per megabyte, depending on where you are. Wi-Fi on a flight from Europe to the US can cost anywhere from $3.00 to $6000. A broker can find an airplane with free Wi-Fi if possible and practical. Wi-Fi is standard on most newer planes.

6. Cleaning Costs

Cleaning fees are sometimes charged when something goes wrong and requires a deep clean and carpet shampooing. Generally, a standard flooring shampoo can cost $250 to $500 or more.

7. Deicing Fees

Deicing is needed when snow, ice, or even frost builds up on aircraft surfaces. It’s charged per application. Deicing can cost anywhere from $1,500 for smaller planes to $10,000 or more for larger ones.

8. International Costs

Depending on the event and the region, international fees can cost anywhere from $500 to $5,000. They include landing permits, overflight permits, customs fees, and immigration fees if needed for your flight route and the country where you land.

9. Fuel Surcharge

A fuel surcharge is added when the price goes up on the market. Fuel surcharges can add $600 to $900 per hour or more, depending on the size of the plane. Prices for charters with Paramount Business Jets include fuel surcharges unless they say otherwise.

10. Aircraft Minimum Number of Days

Depending on the aircraft size, operators must charge a certain amount of minimum daily hours. For example, the daily minimums for turboprops are 1.5 hours; for light and midsize, it’s 2.0 hours; for the super-midsize, large, and ultra-long range, it’s 2.5 hours.

11. International Head Taxes

International Head Taxes are a government tax based on the number of passengers and is calculated at $19.70 per person.

Fees for optional concierge services

1. Customized Food on Board

There are standard snacks and drinks included. Depending on what you order, the cost of custom catering can vary. For lunch for four people, you can easily spend between $600 and $1,000. You will be given a price quote for the premium catering.

2. Transport on the ground

Depending on your needs and preferences, ground transportation can cost anywhere from $100 to $1000 per reservation. You will be given a price quote for these services.

3. Extra services for guests

Our extended travelers include spa and celebrity chef services in-flight, VIP ticket booking for special events, hotels, spas, and resorts. You will be given a quote for comprehensive concierge services for your approval.

Related article:

Hourly Rental Rates and Costs by Aircraft Classification

Paramount Business Jets provides private flights on a variety of aircraft types. Within each category, the aircraft types differ in price, range, cabin area, passenger capacity, and airspeed.

Very Light Jet
Very light jets

Very light jets

  • Price per hour: $2,200 – $2,400
  • Number of passengers: 2- 4
  • Range (hrs): 2:45 – 3:15
  • Speed (KTAS): 330 – 371
  • Cabin Height (ft): 4.2 – 4.9

Price Per Hour: $2,200 – $2,400

Light Jets
Very light jets

Light Jets

  • Price per hour: $2,600 – $3,100
  • Number of passengers: 6- 7
  • Range (hrs): 2:45 – 5:30
  • Speed (KTAS): 308 – 492
  • Cabin Height (ft): 4.1 – 5.0

Price Per Hour: $2,600 – $3,100

Super light
Super light jets

Super light jets

  • Price per hour: $3,000 – $3,500
  • Number of passengers: 7- 8
  • Range (hrs): 4:00 – 5:30
  • Speed (KTAS): 383 – 465
  • Cabin Height (ft): 4.1 – 5.0

Price Per Hour: $3,000 – $3,500

Mid Size

Mid Size Jets

  • Price per hour: $3,200 – $4,300
  • Number of passengers: 8 – 9
  • Range (hrs): 2:30 – 8:00
  • Speed (KTAS): 374 – 470
  • Cabin Height (ft): 4.8 – 5.9

Price Per Hour: $3,200 – $4,300

Super Mid Size
Super mid size

Super Mid Size Jets

  • Price per hour: $4,300 – $6,000
  • Number of passengers: 8 – 10
  • Range (hrs): 5:30 – 8:00
  • Speed (KTAS): 375 – 530
  • Cabin Height (ft): 5.7 – 6.3

Price Per Hour: $4,300 – $6,000

Large Jets

Large jets

  • Price per hour: $5,600 – $8,000
  • Number of passengers: 10 – 16
  • Range (hrs): 3:00 – 13:00
  • Speed (KTAS): 485 – 513
  • Cabin Height (ft): 5.9 – 6.2

Price Per Hour: $5,600 – $8,000

Long Range
Long Range Jets

Long Range Jets

  • Price per hour: $16,000 – $23,000
  • Number of passengers: 16 – 50
  • Range (hrs): 2:00 – 16:00
  • Speed (KTAS): 469 – 485
  • Cabin Height (ft): 6.5 – 7.3

Price Per Hour: $8,000 – $11,000

VIP Jets
VIP Airlines

VIP Jets

  • Price per hour: $5,600 – $8,000
  • Number of passengers: 16 – 50
  • Range (hrs): 2:00 – 16:00
  • Speed (KTAS): 469 – 485
  • Cabin Height (ft): 6.5 – 7.3

Price Per Hour: $5,600 – $8,000

Purchase a personal aircraft

You might hesitate before going out and buying your private plane unless you are Lionel Messi or Cristiano Ronaldo. Depending on the model and age, a used private jet could cost less than $1 million.

The single-engine Cirrus SF50 VisionJet, which retails for $3.2 million new, is the least costly private aircraft currently available. On the opposite end of the spectrum, you could pay US$78 million to get a larger Gulfstream G700.

The cost of buying the jet and paying for its fuel and upkeep are just the beginning. (round trip) You also need to locate a location to store it. You will also need to pay someone who can fly the plane if you are not a pilot with the necessary certifications.

There are other ways to get a private jet without having to shoulder the entire expense if having your private jet currently seems out of your price range.

What is the price of renting a private plane?

You should anticipate spending between $1,300 and $3,000 per hour for a small private plane with room for four to six passengers. Expect to pay between $4,000 and $8,000 per hour for a medium aircraft that can fit nine passengers.

The cost per flying private hour increases from $8,600 to $13,000 for a larger private jet with seating for 14 to 19 passengers.

Membership in a private jet card

A private jet card membership programme is a well-liked option for consumers to use private aircraft. (global market) Usually, you pay $100,000 to $200,000, and the cost of using the private plane for flights is subtracted from your initial deposit. (round trip) The aircraft size you wish to utilize for your trip will affect the hourly fees.

Some businesses are experts at providing both long- and short-haul private jet services. An excellent illustration would be Wheels Up, a business that hosts essential sporting and cultural events for its VIP members all year.

Meanwhile, VistaJet, based in Malta, offers international passenger flights on its fleet of Bombardier business aircraft. (round trip) Make sure you research and read the fine print before deciding which private jet companies card membership is best for you.

Reserving a seat on a private aircraft

Numerous operators are offering seats on private charter flights as an alternative to requiring people or businesses to charter a whole aircraft. (private jet charter prices) The private jet operators run regular routes like Los Angeles to Las Vegas, and you may reserve a seat with them like how you would with a commercial airline.

The price of a round-trip flight from Hawthorne Municipal Airport in Los Angeles to North Las Vegas Airport is $419.

If you’re unsure which private jet to select, maybe one of the most well-known models will work for you. Four of our most popular private jets are listed below:

  • Beechcraft King Air 200: The Beechcraft King Air 200 is the most successful turbine-powered commercial aircraft ever built. Although it shares the same planes as the Beechcraft King Air 100, this twin-engined turboprop aircraft has several improvements, including a newly designed rear fuselage that houses its innovative T-tail.
  • Hawker Beechcraft 700: The Hawker Beechcraft 700 has a reputation for having a roomy interior, which is one of the main reasons charter clients choose this aircraft over Learjet 55 and Citation III, which are two of its most significant competitors. (flight attendant) Eight passengers and two pilots can fit in minimalist, full-size seats, which offer a comfortable sleeping arrangement that is frequently unfeasible on a light aircraft.
  • Cessna Citation XLS Plus: The mid-sized Cessna Citation XLS Plus continues to be one of the most well-liked private aircraft in the world, thanks to its remarkable performance, fuel efficiency, and passenger comfort. (air charter service) The six-seater is well known for its roomy interior, with the largest cabin in its class and equipment typically found in bigger commercial planes. The spacious interior features six extra-wide reclining seats with consoles that let passengers adjust the temperature and light.
  • Bombardier Challenger 600: The Bombardier Challenger 600 is a go-to aircraft for lengthy journeys. The 11-seater can travel comfortably on transcontinental routes like Paris to Tokyo or London to New York, thanks to its 2,800-mile range. (flight attendants) The vast, naturally lit aircraft, which has up to three independent living spaces, feels like an airliner rather than a private charter flight jet.

Are any additional costs included in the price of the private jet rental?

Stratos private flight consultants give firm quotations based on the availability of a particular aircraft. They are considered “all-in” pricing, which includes all taxes and other expected fees. To avoid any surprises, we bill all anticipated flight-related expenses upfront.

But in some cases, unanticipated extra costs could increase the price of your private jet travel. Your aircraft might need de-icing or a heated hangar before taking off, for instance, during the winter.

You would pay the extra fee and receive the statement after your trip because this is frequently an unplanned expense.

Overnight fees and daily minimums could be necessary for airline routes that require spending several days in the air before returning to the point of departure.

The aircraft may return to base and be charged additional fees if these costs become unaffordable or if the chosen plane is booked for another charter service during your trip.

How is a Jet’s Hourly Charter Rate Calculated?

The hourly jet rental prices cover the costs of owning and running the aircraft. The fixed and variable costs are combined and divided by the anticipated annual usage hours to create the hourly rate. Fixed expenses comprise:

  • Salary for crew
  • Advantages and Training
  • Aircraft and Business Insurance
  • Aircraft Parking Storage
  • Aircraft Refurbishment

Cost changes based on how the plane is used, such as fuel and maintenance, are called variable costs.

The cost to rent an airplane per hour is based on how many hours it is expected to be used in a year. With an expected 200 flight hours per year, the breakeven cost is $10,000 per hour to cover the annual costs of $2 million. The cost per hour will go down to $5,000 after 400 hours. 

How can you get a charter flight for less money?

Many travelers thought they could never afford to fly on a private jet. But now that private jet charter prices are more reasonable, people can enjoy this luxury more often. Joining the Soar Membership program is the first thing you should do if you want to find ways to make charter flights even cheaper.

In exchange for a monthly membership fee, you can lock private jet charter flight prices for either 6 or 12 months and get other benefits, like being able to cancel your membership at any time. As a member, all you have to do when you want to travel is get on the bus.

Taking a group is another way to cut down on the cost of a private jet charter. If you go somewhere by yourself, you’ll probably have to pay for every seat on the plane. If you bring friends or family, you can split the cost, similar to how a commercial flight works. You’ll have more fun and save money this way.

Frequently Asked Questions

What is the cost of renting a private jet?

Well, this low-cost private jet service on a turboprop or executive light jet will cost you about $1,300 to $3,000 per flying hour on average; $3,000 to $5,500 per flying hour for a mid-sized to super-mid-sized jet; and $6,000 to $10,500 per flying hour for a large private jet.

Is it cheaper to rent a private jet?

Light jets

You can save a lot of money by renting a private jet instead of buying your plane. When you charter, you only pay for the flights you take instead of the total price of an airplane that may spend most of its time in the hangar.

What is the cheapest private jet?

Mid size jets

$1.96 million
At $1.96 million, the small but powerful Cirrus Vision Jet is the least expensive private jet on the market. The Vision Jet is the world’s first single-engine private jet. It is powered by a Williams International FJ33-5A turbofan engine that can push 1,800 pounds.

Are private planes safe?

Large jets

The truth is that private jets and commercial airliners are incredibly safe because of a coordinated aviation sector and cutting-edge technology used in everything from cockpit software to flight planning, air traffic control management, and more.

What is the range of a private jet?

VIP Airlines

If a passenger needs a larger flying capacity, mid-size private jets are the best option. Mid-size aircraft can readily handle short-haul and long-haul flights, ensuring continental capability, with an average range of 2,200 nautical miles, or roughly five hours of non-stop flying.

How wealthy must you be to travel privately?

Given that a private flight usually costs 10X as much per passenger as a commercial economy flight, I believe you need to make at least 10X the median American household income of about $68,000. Therefore, your household must make at least $680,000 annually to afford flying privately.

Leave a Comment