Private Jet Charter Prices – 8 factors to determine charter cost

Prices given by private jet charter companies vary widely, we must understand about the components that determine the price they gave.
By understanding the pricing component of private jet charter services, then we will not be fooled by the cheap prices determined by the agents. we certainly do not want to suddenly have a very large additional cost or no we can not arrive on time at the meeting place for transport not properly prepared.
To determine the cost of private aircraft charter determined by several factors.
The following factors are quite important factors determining the standard calculation of private jet charter prices per hour :      
  

1.      Charter companies management, maintenance and acquisition costs

2.      Aircraft age (Original manufacture date, Number of cycles on the engines, Interior refurbishment, and Number of hours the aircraft is available for charter in a particular year )

3.      Safety status - All aircraft are verified by independent auditors such as ARG/US, Wyvern or Q-Star.

4.      Aircraft type - determined by ( Helicopters, Turbo Props, Light Jets, Mid-Sized Jets , Heavy Jets, and Airliners )

5.      Time and Length of trip (Same day round trip – occasional, Weekend trip - typically require overnight costs, and Several days)

6.      Repositioning - Occurs when: (Aircraft is chartered from an airport it is not based, Not all airports are bases to aircrafts, and Aircraft availability shortage at desired airport )

7.      Concierge Services requested (In-Flight catering, Luxury car rental or limousine service, Hotel accommodation, and Tickets to requested events)

8.     Other Fees ( fuel surcharge, Landing fees, FBO Service fees, and Carbon offsets )

Typical private jet charter prices  /hr:

·        Helicopters charter prices - 1000/hr up to 5000/hr

·        Turbo Props charter prices - 1550/hr up to 2500

·        Light Jets charter prices - 2250/hr up to 3450/hr

·        Mid-Sized Jets charter prices - 3450/hr up to 5000/hr

·        Heavy Jets charter prices - 5000/hr up to 9000/hr

·        Airliners charter prices - 6500/hr and up

First Supersonic Private Jet - Aerion Supersonic Jet

This is the Aerion Supersonic Business Jet, the first private plane that will fly at 1.6 Mach. The first unit has just been purchased by Sheikh Rashid, the ruler of Dubai. This bird will be able to fly the Ellisons, Jobs and Gores of this world from Paris to New York in just over 4 hours, so even while it has a $80,000,000 price tag, there will be no demand problems for it. The aircraft specs are amazing:

Aerion Supersonic Jet

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Thanks to its design, the Aerion Supersonic Business Jet will be able to cruise at 1.15 Mach over land without producing any boom on the ground. The plane can also keep a 0.98 Mach speed offering a similar cost-per-mile than competing subsonic private jets and complying with US regulations. Over water, however, you will be free to speed it up and sustain 1.5 Mach with ease. To give you an idea, at this speed the Aerion can cross the Atlantic in two hours (it has a 4,600 miles range over 45,400 pounds of fuel) thanks to its Pratt & Whitney JT8D-219 engines.
Unlike the Concorde, which could only fly to certain airports through the world because of its operative requirements, this supersonic jet is designed to comply with environmental, sound and airport regulations everywhere. For example, the Aerion can land in just 3,460 feet, which makes it usable in most airports and a prime candidate to be Larry Ellison's next private plane.
Design-wise, the Aerion looks even better than the fastest turboprop private plane. At least, it looks stunning except for the color. But hey, for $80,000,000 I'm sure they will be able to deliver it in secret-plane black with alien markings.
The Aerion Supersonic Business Jet will be delivered in 2014, so you only need to decide if you want to spend $250,000 now for one of the forty "early delivery positions" or wait a couple more years to get it on a Black Friday, just like the rest of us. [Aerion]

Should Private Jet Fliers Have to Suffer Security Checks?

Private jet companies and their lobbyists are fuming over new rules that could subject some of their well-heeled passengers to security reviews. But don’t worry, private jet-setters still wouldn’t have to go through a metal detector or suffer the indignity of a buzz wand if the rules go through.
Associated Press


Is this the fate of Richistan passport holders, too?

The Department of Homeland Security has proposed background checks on pilots and checking passenger names against terrorist watch lists. Operators of international private-plane flights to and from the U.S. would be required to electronically provide full advance lists of passengers and crew an hour before departure. There also would be some limits on what people can take on board.

The new rules would cover planes weighing more than 12,500 pounds, which would include most jets.

The measures are aimed at addressing what some see as a gaping hole in national security–private planes don’t have anywhere near the same security standards as commercial planes.

“Increasingly, we have to look at general aviation as a threat vector, not because of a specific threat, but simply because the difference between security in commercial aviation and security in general aviation has grown and that difference creates a vulnerability,” Homeland Secretary Michael Chertoff said last fall.

Yet the National Business Aviation Association–the lobbying group for the private jet industry–says the rules are “overly broad,” expensive and cumbersome. It also says that checking passenger names against the terrorist list could be an intrusion of privacy and that the information won’t be secure.

“I don’t think there’s a clear, demonstrated ability to secure this data,” Douglas Carr, vice president of the NBAA, told the New York Times.

Companies that use jets add that if flight information leaks out, their secret business plans and the stealthy movement of their executives could get out.

The real issue here is time and privacy. People take private jets for two reasons: to save time and the hassle of airport screening and delays, and to be able to travel, at any time, without the public knowing where they are going.

These rules would impinge on both. But would they ruin the industry or (far worse) make the experience of flying private class as bad as flying commercial? Hardly.

I would file this one under “small price to pay.” The wealthy and corporate fliers can accept a quick background check and limits on what they can take aboard for the sake of national security. Besides, many companies and private fliers have staff that could handle the checks and clearances quickly.

At a time of shared sacrifice, it seems to me that submitting to a quick computer check and cargo check is a reasonable request.

Then again, I don’t own a jet. What do you think readers?

By Robert Frank

CHEAP PRIVATE JET FLIGHTS

Top 7 Steps to Negotiate the Best Quote for a Private Jet Charter
By Neal Rodriguez


You want to shop around for your next private jet charter flight to see if you could get a better rate. You go to a private jet charter broker's website; you enter your itinerary; you get the $16,000 automated quote for a New York to Miami flight for which you paid $14,000 with another broker last month. You know you probably blew twice as much as that 2 grand markup at the Cesaer's Palace last month; but what happens in Vegas stays in Vegas right? 'These guys are nuts,' you cry out hitting the back button on your browser.

Don't let the automated quoting systems on private jet charter websites limit your options. Always keep in mind that the quote you receive on automated systems are approximate and can be beat 90% of the time by the firm's aviation specialist to whom your quote is assigned.

1. Ensure that you enter your phone number and email address in the quote form and wait for an email or call from an aviation specialist to get the most competitive quote. Leave a comment indicating the best time and best method at which you could be reached. Follow up by contacting your carrier's info@yourcarrier.com email address within 24 hours of submitting your quote, in case some external obstacle out of your carrier's control has prevented a specialist from contacting you.
2. Some automated quoting interfaces allow you to leave your contact information and search for a flight, without the need to submit it. When you don't submit your quote, the aviation specialist will only have your contact information, and he/she will be unable to start the search for your preferred aircraft 
   immediately. Remember, aviation specialists have to search for available aircraft by sorting and investigating their list of operators that manage private jets.
   
   Allow yourself and the broker as much time as possible to search for the aircraft, and price you prefer. Surf back to your carrier's website and submit your quote with your point of origin and destination, even if the quote is priced outside your budget. Then email your carrier at the info email address and ask if your trip can be accommodated on your budget; include your approximate budget in a range - e.g. $20K to $25K, preferred aircraft, departure and destination. This way, your carrier can start seeking the most competitive quote for your charter flight immediately. Your aviation specialist has more time to search for your preferred aircraft, and price.
   
   If you just leave your contact information without submitting your quote, and a specialist is unable to reach you for a day, that's a day of time that the specialist could have been searching for your preferred aircraft and price. Remember, planes are available for charter on a first come first serve basis. If you are quoted a short trip online on a Learjet 45 for $10K and your budget is for $8K, your Aviation Specialist may have another contact that could do the trip for $8K. Your specialist may receive a call from a client requesting that Learjet 45 on the day he/she could not contact you and secure it for the other passenger.
3. Let the broker know what you have budgeted for your trip. Your broker needs to know the budget to immediately rule out quotes that are out of your price range.
4. Let the broker know at which speed you have to get to your destination; private jet travel is scheduled to fly and land when you decide. The specialist should know what aircraft is required to fly to your destination on time.
5. Disclose the lowest quotes you received from other private jet charter companies. You may find that the last trip you were quoted had too high a markup for you to swallow. A professional aviation specialist will take a cut on his standard margin just to get your business. However, the specialist can only do that if he/she knows what you've been quoted elsewhere. Don't lie; aviation specialists have a good sense of the general price range of a trip. If you give them a price that is below that range they will know and stop wasting their time with you.
6. Let your broker know what peripheral services you require: catering, ground transportation, security. Ensure all amenities are included in the final quote, so the aviation specialist wont have an excuse to markup the quote after its written.
7. Secure your flight as soon as your Aviation Specialist finds the ideal aircraft and quote suited for your budget, for aircraft is available on a first come first serve basis.
   
   Neal Rodriguez formulates and executes interactive strategy for Imperial Jets, a private jet charter brokerage firm based out of New York City with offices in Miami and London. Visit Imperial Jets to secure luxury charter travel on a light, mid, super-mid, or heavy sized private jet.
   

10 Best-Selling Private Jets

1. Citation XLS
Cessna Aircraft
Manufactured in Wichita


MSRP: $10.64 million
Current used value: $11.4 million
Fractional ownership: Netjets, CitationShares

Capacity: 2 crew, 12 passengers
Cabin dimensions: H: 68 in. x W: 66 in. x L: 24 ft.
Top speed: 506 mph
Range: 2,138 miles
2006 sale: 73

2. CJ3
Cessna Aircraft
Manufactured in Wichita


MSRP: $6.26 million
Current used value: $7.2 million
Fractional ownership: CitationShares

Capacity: 2 crew, 8 passengers
Cabin dimensions: 57 in. x 58 in. x 20 ft., 7 in.
Top speed: 480 mph
Range: 2,158 miles
2006 sales: 72

3. G550
Gulfstream Aerospace
Manufactured in Savannah, Ga.


MSRP: $46.67 million
Current used value: $55 million
Fractional ownership: Netjets

Capacity: 4 crew, 14 passengers
Cabin dimensions: 6 ft., 2 in. x 7 ft., 4 in. x 50 ft., 1 in.
Top speed: 562 mph
Range: 6,675 miles
2006 sales (including G500): 71

4. Citation Sovereign
Cessna Aircraft
Manufactured in Wichita


MSRP: $15.45 million
Current used value: $16.4 million
Fractional ownership: Netjets, CitationShares

Capacity: 2 crew, 12 passengers
Cabin dimensions: 68 in. x 66 in. x 30 ft., 9 in.
Top speed: 527 mph
Range: 3,276 miles
2006 sales: 57

5. Hawker 850XP
Raytheon Aircraft
Manufactured in Wichita


MSRP: $13.79 million
Current used value: $12.8 million
Fractional ownership: Netjets, Flight Options

Capacity: 2 crew, 15 passengers
Cabin dimensions: 5 ft., 9 in. x 6 ft. x 21 ft., 4 in.
Top speed: 516 mph
Range: 2,752 miles
2006 sales: 56

6. Challenger 300
Bombardier Business Aircraft
Manufactured in Montreal


MSRP: $19.21 million
Current used value: $23.5 million
Fractional ownership: Flexjet

Capacity: 2 crew, 11 passengers
Cabin dimensions: 6 ft., 1 in. x 5 ft., 1 in. x 28 ft., 6 in.
Top speed: 541 mph
Range: 3,567 miles
2006 sales: 55


7. Hawker 400XP
Raytheon Aircraft
Manufactured in Wichita


MSRP: $7.15 million
Current used value: $5.5 million
Fractional ownership: Netjets, Flight Options

Capacity: 2 crew, 9 passengers
Cabin dimensions: 4 ft, 9 in. x 4 ft., 11 in. x 15 ft., 6 in.
Top speed: 518 mph
Range: 1,008 miles
2006 sales: 53

8. CJ2+
Cessna Aircraft
Manufactured in Wichita


MSRP: $5.78 million
Current used value: $6.05 million
Fractional ownership: N/A

Capacity: 2 crew, 8 passengers
Cabin dimensions: 57 in. x 58 in. x 18 ft., 6 in.
Top speed: 481 mph
Range: 1,856 miles
2006 sales: 36

9. Learjet 45 (tie)
Bombardier Business Aircraft
Manufactured in Wichita


MSRP: $11.15 million
Current used value: $10.3 million
Fractional ownership: Flexjet

Capacity: 2 crew, 9 passengers
Cabin dimensions: 4 ft., 9 in. x 5 ft., 1 in. x 19 ft., 8 in.
Top speed: 535 mph
Range: 2,284 miles
2006 sales: 30

10. Falcon 2000EX (tie)
Dassault Aviation
Manufactured in Bordeaux, France


MSRP: $27.2 million
Current used value: $29.5 million
Fractional ownership: Netjets

Capacity: 2 crew, 8 passengers
Cabin dimensions: 6 ft., 2 in. x 7 ft., 8 in. x 26 ft., 4 in.
Top speed: 555 mph
Range: 4,371 miles
2006 sales: 30

Best-Selling Private Jets

As the rich get richer, private jet travel is bigger than ever. Which planes are most popular with today’s tycoons?
By Douglas MacMillan


Private jet sales are flying high. In 2006 a total of 885 business jets were shipped worldwide, up 18% over the year before, and 185% more than 10 years earlier. A steady stream of wealthy executives looking to avoid the hassles of commercial flight is driving sales in charter companies, fractional ownership programs, and of wholly owned planes. What’s more, most jets purchased in 2006 have seen an increase in market value, a rarity for the industry.

Cessna Aircraft, of Wichita, Kan., had the lion’s share of sales in 2006, delivering record numbers of its popular Citation XLS, Citation Sovereign, CJ2, and CJ3 models. Jets made by Gulfstream, Bombardier, Raytheon, and Dassault round out this slide show of the best-selling models of 2006.

Notes: All rankings based on sales for 2006. 2006 MSRP and current used value estimations are provided by industry price guide Vref. Sales data obtained from the General Aviation Manufacturers Assn.
Read the story

More Slide Shows

The World's Richest People

Priciest Private Jets
Lauren Sherman

What does a billionaire do when having a private jet becomes so affordable that mere millionaires can swing the cost?

He trades up--to a Boeing 747-8, say, or to a Airbus 380--costing $280 million and $300 million, respectively.

Back in 1996, when Boeing introduced the first "personal use" version of one of its commercial airliners, the $30 million Boeing Business Jet (a reconfigured 737) was treated as the last word in spaciousness and luxury. Now, compared with competing luxe lifts, a 737 looks like mashed potatoes.
In Pictures: Priciest Private Jets

Boeing's far larger 747-8 won't be ready for flight until 2010, and Airbus' 380 has been pushed back to the middle of the next decade. But these two giants should be worth billionaires' wait. Just outfitting their cavernous interiors with the little touches that make a plane a home--mahogany paneling, gold-plated fixtures and maybe a Jacuzzi or a screening room--could cost an owner $20 million.

Buyers kicking the tires of these behemoths probably own several other planes, says Steven Hill, president of Boeing Business Jet. Out of the four customers who have pre-purchased the 747-8, two were previous owners of smaller Boeing Business Jets, and their main motivation is to "get the latest and greatest," says Hill. "These people are fleet planning--they're planning their future."

Reported owners of Boeing aircrafts include Russian oil tycoon Roman Abromavich as well as Google (nasdaq: GOOG - news - people ) guys Larry Page and Serge Brin. Other private jet-owning billionaires include Sergio Mantegazza (Falcon 900), Philip Green and Lakshmi Mittal (who both own Gulfstream G550s).

But perhaps the most luxe jet out there is the Airbus 380. What do you get for $300 million? For starters, plenty of room.

Jennifer Clay, principal of J. Clay Consulting, a New York City firm that advises major players in the airline industry, says a big, yacht-like reconfiguration of what was once a 180-person commercial jet allows an owner do something he perhaps could not in smaller private plane: stand up.

Lack of headroom on smaller jets, says Clay, is a cause of concern for many owners.

Greg Thomas, CEO of Privatair, an aviation company controlled by billionaire Spiro Latsis' group Paneuropean Oil and Industrial Holdings, agrees that the reason for these planes' appeal has everything to do with their interior potential.

An owner willing to restrict use of his plane to his own travel (not allowing it to be rented out to third parties) can, according to regulation, outfit the cabin with amenities to suit his every whim.

"There are two different standards [for cabin design]," explains Thomas. "If you're flying it commercial, you have to apply all sorts of stringent safely standards. It really limits the type of materials and configuration you can have. If you have a private design, you can more or less do what you like on board."

Two thirds of Privatair's jet owners have decided to do just that.

"There are some extraordinary VIP interiors around," says Thomas, particularly those on aircraft belonging to Gulf States royalty. Monarchs, he notes, "really go to town on their airplanes." One royal family mounted a Webcam on its plane's exterior, the better to enjoy clouds and rainbows, whose images were projected onto an interior 8-by-4-foot screen.

With that kind of technology, who needs the window seat?
In Pictures: Priciest Private Jets