How Much Is a Private Jet? Hourly Rates and Purchase Price

Most of the time, these apps use estimated pricing unless the jet company operates the app. After you put in the information, you then go through getting hard quotes before you can pay for and book your flight. A total flight time of 5 hours and 21 minutes on the outbound leg plus 4 hours and 52 minutes on the return leg equals a total flight time of 10 hours and 21 minutes.

Since the early 1990s Cessna has been constantly evolving the CitationJet. Moreover, the Nextant 604XT has an impressive annual depreciation rate of just 2.2%. The first flight of the Phenom 300 was cheapest private jet price in india in April 2008 and was certified in December 2009. Within the same month, Embraer made their first customer delivery, having now produced over 500 units. In 2018 Embraer announced upgrades to the Phenom 300, leading to the Phenom 300E.

Another major advantage for private air travel is that the customer sets their own itineraries. Most flights, therefore, are point-to-point, and you determine when you depart. From this point on the cheapest new private jets are all Very Light Jets.

Aircraft Category

If you are looking to get a pre-owned example then you can expect to pay at least $3.5 million. Amazingly, given the popularity of this aircraft, 2019 models and younger will likely cost above the new list price of the aircraft. The Nextant 400XT/XTi is an aircraft that has been re-engineered from the original airframe of the Hawker/ Beechjet 400A aircraft. It offers the benefits of a new, modern aircraft, but with lower operating costs. This results in an 88% new aircraft with increased speed, range and efficiency. In sixth place in the list of the cheapest new private jets is the HondaJet Elite S coming in with a new price starting from $5.5 million.

Very few people can afford the cost of a jet in full, so you may have to borrow money. The offers that appear on this site are from companies that compensate us. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. For business travelers, the biggest benefit is the time they save, both for their employees and corporate partners.

What is a Private Jet’s Fuel Economy in MPG?

The concept of fractional ownership of business jets has not caught on in India, where it is either direct ownership route or the charter route. The normal share divisions in fractional ownership are ‘Whole’, ‘Quarter’, ‘Eighth’, and ‘Sixteenth’. Fractional ownership can offer the advantage over charter, whereby the ‘dead-head’ is not charged against the end customer. As a rough estimate, operating costs for a private jet typically range from $500,000 to $1 million per year. Online aircraft cost calculators can help break down expenses for specific jet brands and models.

Cessna Citation CJ3+ – $8 million

1. This Boston-based private aviation provider also offers charters, but an easier entry point is their membership program.
2. Sentient Jet is the inventor of the Jet Card, which allows users to buy 25 hours of flights at a time and choose the aircraft size that fits their needs.
3. The Elite S was introduced in May 2021 and offers improved avionics and an increased range compared with its predecessor.
4. Charter an aircraft of your choice, whether that be a light jet or an ultra-long-range jet, we will have an option to suit your every need.
5. In either case, the additional costs may outweigh the benefits of purchasing a jet.
6. Alternatively, if you plan to stay in one location for a week or more, you’ll need to arrange accommodations for the crew or pay for them to return.

According to a report, one has to spend between $7,500 and $12,000 to attain the FAA issued Private Pilots’ Certificate. In India, the Delhi Flying Club charges Rs. 5 lakh to Rs. 6 lakh for private pilots’ licence, while a commercial pilots’ licence (CPL) may cost anywhere between Rs. 22 lakh and Rs. 25 lakh. Regardless of how often you fly, jet owners face substantial ongoing expenses, starting with routine maintenance and downtime when the jet is on the ground. Find out how to cancel your Revolut card as a UK customer here in our handy guide, including how to close your account.

FlyJets

These aircraft vary in terms of cost, range, space, seating capacity, and cruising speed. You can flip through the selection of private jets in each category by clicking on the images below. There are different types of aircraft available for rent in India. Ranging from single-engine turboprop aircraft, all the way to heavy jets and ultra long range jets, you are given a chance to choose an aircraft that suits your specific preferences and requirements. The type of aircraft of your choice depends on the type of your flight, flight itinerary, number of passengers and any additional services you may require on board.

Empty leg flights can make travelling in private very reasonable, if you’re getting the flight for several people. Usually, you will get the whole jet for yourself for a fixed price and you can fill all the seats, if you’d like. Depending on the conditions, this means you might be paying the same as you would when travelling in business or first class. One way to cut costs on private jet hire is to join a membership programme if you’re planning to fly privately frequently. Many providers offer these, though the programmes will vary across different service providers, of course.

Or a flight from San Diego to Los Angeles on a 2008 Pilatus PC-12 will take 36 minutes, and with 6 passengers will cost around $4,440. The best private jet charter companies are certified by the FAA as Air Carriers and should provide you with their Air Carrier Certificate. In addition, they should be audited and certified by third party safety providers Wyvern Wingman and ARGUS Platinum. Other ongoing expenses include hangar fees, crew salaries, and aircraft insurance. Aircraft brokers who offer fractional ownership in a plane will say it’s more like 400 to 600 hours.

1. The Vision Jet stands out due to its compact size and it is the first certified single-engine civilian jet.
2. Chartering a private jet isn’t much more complicated than booking a commercial flight.
3. The purchase price of a private jet represents only a fraction of the cost of owning one.
4. Light jets are popular among business travellers and those seeking a balance between speed and cost.
5. Operated throughout North America by Vista America, Global 7500s offer the ultimate combination of range, speed, and comfort.
6. You can find empty leg flights by browsing Google or jet charter operators websites.

Often available for around $4 million, the PC-12 is renowned for its performance and reliability. Top New Delhi Hotels and book your stay today through our affiliate link for exclusive discounts and a seamless booking experience. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Share your requirements and Jetex will contact you within 24 hours.

These smaller planes also have a shorter flying range, about 1,000-1,800 miles. For context – Paris, a popular destination for private flights, is about 200 miles from London. Coming back to the hourly rates, they will vary by the size of the jet you’re chartering. The biggest advantage of jet memberships with fixed or capped hourly rates is that you generally don’t have to pay expensive repositioning costs.

The number 9 slot for the cheapest new private jets is the Embraer Phenom 300E with a new list price of $9.5 million. Thus, when comparing apples to apples for the same flight time of 10 hours using the same aircraft type, a rental flight in the United States costs about $13,000 less than in South America. A flight from Los Angeles to New York City on a large jet such as the 2007 Challenger 605 with 12 passengers will take 5 hours in the air and cost around $72,480. The same 5-hour trip using a 2002 Falcon 2000 with 10 passengers will cost around $37,920. Large and Ultra Long Range jets seat up to 16 passengers, but usually around 12 to 14 passengers.