The Economics of Private Jet Charters
Summary
Understanding the private jet flying cost involves considering several factors, from the initial investment іn the aircraft tо ongoing operating expenses and charter rates. Investment іn a private jet requires considerable capital and planning, but can reap rich dividends with reduced travel time that leads tо greater productivity for business executives. Chartering a private jet allows the management company to handle maintenance, staffing and operational logistics costs – which are included in your hourly flight rate compared to owning or investing in fractional ownership programs. Private jet charters tend to operate on an on-demand basis, giving passengers more flexibility in selecting their destinations and travel dates than they would with commercial airlines. Owning a private jet requires considerable upfront capital investment and ongoing operational costs, such as maintenance, staffing, hangar fees, insurance and fuel.