Private jet charters are a popular option for both leisure and business people. If you’re considering making this luxury purchase, you’ll want to know about the cost component of private jet charters. This post will teach you the basics of chartering a private plane and how it can slash your expense.
What is Private Jet Chartering?
A private jet charter is typically in an aircraft classified as a “jet,” which includes supersonic or high-speed airliners with only one flight cabin with four to six seats, excluding pilot and co-pilot seats. That flight cabin has retractable tricycle landing gear with aerodynamic fairings around each main gear.
Cost aspects of Private Jet Charters
A private jet flight is expensive, with a basic model starting around $100,000 and going up. However, the most critical aspect of the private aircraft charter has absolutely nothing to do with the actual plane itself; rather, it comes down to the cost of management expenses. So, how much will you pay for a private pilot?
The cost of a private jet charter begins with the initial purchase price of an aircraft. If you’re buying a used aircraft, then look at what that plane sold for when new. If it’s an aircraft-in-service, then look at what its latest annual services are costing.
Ways to lower the cost of private jet charters
1. Buy a used plane
If you don’t want to pay the inflated price tag of a brand-new private jet, consider purchasing an aircraft that another private pilot previously owned. These planes are often in near-perfect condition and offer steep discounts on the original asking price.
2. Buy a new plane
Another option is to purchase an airplane straight from the manufacturer. This will indeed cost you more than a second-hand aircraft, but you’ll still save money on your overall expense because you won’t have to pay for maintenance and management on top of that expense for a used plane.
3. Ask you, agent
If your agent has access to a new aircraft from the manufacturer, ask them if you can have a look at it. Again, you’ll save a lot of money, and in some cases, you may be able to negotiate for an even bigger discount on your overall expense.
4. Choose a private jet that’s better suited to your current configuration
If you’re looking for something that is just slightly bigger or smaller than the size of your current aircraft, then go ahead and customize it exactly as you want it. This will allow you to save some money by not having to buy extra custom aftermarket furnishings.
5. Always have a flexible travel date
Having your contractor or broker check the weather systems for you and your destination frequently is a good idea. If possible, try to schedule your private jet flight back-to-back in order to have as much buffer as possible between them.
6. Purchase extra fuel
Purchasing extra fuel on top of your regular fuel totals is a tip that not many people know about. It may seem like an expensive gamble initially, but it can save you quite a bit of money if the jet is used mainly for business purposes and doesn’t require anywhere near an entire fuel tank.
7. Hire a private jet charter rather than purchasing an aircraft.
If you’re going to be spending a lot on a private jet and don’t have the money to purchase it outright, then you must consider hiring one for your journey. A private pilot can get you where you need to go with minimal cost and hassle.