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November 28, 2016

How Much Does a Private Jet Cost to Rent?

How Much Does a Private Jet Cost?

A common question when it comes to the subject of private planes, is how much does a private jet cost to rent?

Like most things in life when it comes to determining price it comes down to “it depends”. There are a number of factors that come into play when looking at the total private jet cost.

The total cost of the flight is mostly determined by the type of aircraft that you are looking to rent. It is also factored by how far you are looking to go.

Unlike flying on a commercial aircraft, the cost has nothing to do with the number of people on board the aircraft. If the plane is carrying a single person or an entire wedding party, the hourly cost will be the same.

The larger the private jet you rent the more the hourly cost will be. This is due to the higher purchase price and it more maintenance and fuel to keep going. This is a trade off for the passengers and larger planes can hold more people so the costs are more distributed.

The total time of your flight is determined by block hours. Block hours are counted from the time the parking brake is released at the origin. The timer does not stop until the brake is put back on at the destination. The passengers are responsible for the entire time the plane is in motion, including taxiing at the airports and flying. You are not responsible for the time it takes to load your luggage on the plane or the time it takes to prepare the plane for your trip.

Private Jet Cost Example

Typical private jets costs are $1,500 per block hour for a small turboprop. It can go up to $12,000 per block hour for a 14 or 16 passenger luxury jet. The cost varies due to the size and the amenities available on board. Private jets fly about as fast or faster than commercial airlines. It would take about 6 hours to fly from New York to Los Angeles, plus approximately 1 hours of taxiing time in total for 7 block hours. At an average of $4,000 per hour, the flight would cost $28,000. It may sounds like a lot but if you can put 14 people on the plane that is only $2,000 per person. You get similar costs to flying first class and all of the added bonuses of flying on a private jet.