Private Jet Cost – Rent, Buy, or Subscribe in 2023
Private Jet Cost – You might be surprised to discover that the use of private jets has gone up as much as 50% since 9/11. And each time there is a new terrorist threat it goes up even more. It seems the business traveler is tired of long airport line ups and the risks associated with traveling with commercial flights. But what does this private jet cost?
Private Jet Cost in 2023
Your private jet cost is going to depend on supply and demand in the area you live in. For example your private jet cost in the US may be lower than India because there are more jets available.
In recent years with the demand on the increase and supply having a difficult time keeping up we’ve seen an increase in both purchase prices and chartering costs. How much will depend on where you are, what you want, and when you want it.
Jet manufactures like Cessna, Lear, and Gulfstream aren’t complaining with 2006 seeing an increase in sales reaching 35%. Right now commercial flights are on the losing end and will be for some time.
One of the most popular private jet choices is the Eclipse 500 which is built in the US. This private jet costs around $1.5 million and it seats 6 people which is a nice size for many corporations. It travels 425 MPH which is quick for a private jet and it has a cruising capacity of 1200 MPH. Another advantage is its ability to take off and land on a very short runway meaning there are few destinations off limits.
9/11 changed the way we think and the way we travel. In fact commercial flights have seen a decrease in passengers of 20% in 2006. And that’s a better number than previous years have seen. Business travel is done a lot more than that with companies discovering that the private jet cost is something that they can manage whether they charter, lease, or buy.
Business travelers are tired of having their toothpaste inspected, their laptops disassembled, and then their luggage is gone through from top to bottom, and every day they fly whether its once a week or seven days a week they endure this same process. And to add insult to injury they are paying premium prices for their business and first class flights.
Many companies have decided that a private jet cost is very justifiable based on security, safety, comfort, and convenience. After all with a private jet you come and go on your schedule not on the schedule of the commercial airlines.
For those of us that can’t afford a private jet cost we can dream but for the corporate world the private jet cost is becoming a very affordable cost.
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Flights on private jets are charged by the hour. Prices vary depending on the size of the plane, the length of the flight and the number of people on board. The typical cost is between $2,000 and $11,000 per billable hour to charter a private jet.