How much is it to charter a private jet?
Private Jet Cost Formulae:
If you are new to chartering a plane, you may want to get an overview of jet charter prices.
The charter price of a jet is made up of below formula, in general:
Charter Price = Per Hour Charter Cost X Number of Hours (Mission+Ferry) + Landing Fees in Airports + Crew Overnight Fee + Permit fees
Examples:
Hong Kong Langkwai (3 days Return) Price
Using a 9 seaters, per hour price is USD 6500
Hong Kong to Langkwai each way is 4 hours, hence a return trip is 8 hours
Hong Kong Airport landing fee lets say it is USD 6800
Langkwai Airport landing fee lets say it is USD 5000
Crew overnight in Langkwai for 2 nights it’s USD 1500 per night times 2 nights
Miscellaneous cost such as overfly permit let’s take it as USD 2000
Total charter cost is 6500X8 + 6800 + 5000 + 1500X2 + 2000 = USD 68,000
New York – Boston (Single Trip)
Using a 6 seaters, per hour price is USD 4000
New York to Boston Mission Flight it is 1 hour
After dropping off the passenger , the aircraft ferry empty back to New York Base, so Ferry Flight is 1 hour
New York Airport landing fee lets say it is USD 2000
Boston Airport landing fee lets say it is USD 2000
Crew overnight fee is Zero ( as plane back to base immediately)
Federal Exercise Tax is 7.5% on revenue so about USD 900
Total charter cost is USD 4000X2 + 2000 + 2000 +0 + 900 = USD 12900
Private Plane all have its homebase
Now, remember that the private airplanes all have a base. Even if you are flying a one-way flight, the airlines will have to charge you the cost to send the airplane empty back to base. This is called the Ferry Flight.
Cost Deviations
On and off you will find great deviations of costing across different locations. For example, the landing fee in Beijing airport plus tax is as high as USD 14400.