Booking a flight on a private jet has long been viewed as a swanky, sometimes out-of-reach indulgence. There’s a reason flying private has its glamorous connotations. Convenience and efficiency aside, even the smallest aircraft come with smart recliner-style seats, sumptuous sofas and the latest tech – not to mention state-of-the-art entertainment consoles.
There is a significant untapped market for private aviation: a recent study by McKinsey showed that 93% of people who could afford to fly private currently do not as they have not explored the benefits and costs of traveling by private jet.
Private jet charter pricing depends on the number of factors, including type of aircraft, trip length, catering, airport landing fees and idle time between flights. There are also many market-determined variables that impact the price, including supply and demand.
However, private charter has become more affordable in the recent years with private flight costs going down by 30% to 50%, bringing them closer than ever to the rates of first and business class tickets on commercial carriers. However, chartering a private jet allows to maximize time at the destination and minimize the number of hours spent traveling. Private planes also offer more individualized amenities to passengers than first-class commercial flights.
On average, the price of chartering a private jet is $10,000 per hour, depending on the type of service and location. Empty leg charter flights may cost up to 50% less than the cost of a full dedicated charter flights.
An interesting aspect of those willing to travel by private jet is that the charter price is for the entire aircraft rather than per passenger. Therefore, hiring a private jet with friends or family members for a holiday getaway or to celebrate birthdays and special occasions can offer a great value.
For business travelers, the biggest benefit is the time they save, both for their employees and corporate partners. 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.
Below are some of the popular business and leisure routes along with typical market rates for an on-demand charter:
Estimated Pricing (One Way)
Region |
Routes |
Price |
Number of pax |
Middle East |
Dubai – London |
Starting from $75,000 |
up to 10 passengers |
Dubai – Male |
Starting from $54,000 |
up to 8 passengers |
|
Africa |
Lagos – London |
Starting from $70,000 |
up to 8 passengers |
Asia |
Mumbai – Dubai |
Starting from $36,000 |
up to 6 passengers |
Europe |
Berlin – Istanbul |
Starting from $30,000 |
up to 6 passengers |
Paris – Dubai |
Starting from $70,000 |
up to 10 passengers |
|
Moscow – Dubai |
Starting from $65,000 |
Up to 10 passengers |
|
Moscow – Geneva |
Starting from $43,000 |
Up to 8 passengers |
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