There are many things to take into consideration when determining the cost of renting a private jet. The costs can be anywhere from $1800-$5000 an hour depending on the distance, how many passengers there are, and how many stops along the way. There are other factors like weather, whether or not it is a simple flight, or one that has food and other amenities.
Before your jaw drops to the floor though, you have to take into consideration that this is airtime, and many destinations are much shorter by charter jet, because there are much less stops along the way, and a private jet can be much faster in the long run than a commercial airliner.
Why would you consider renting a private jet considering the cost of them? There are many different reasons why renting a jet is much better than a commercial flight, especially for businesses. For example, let’s say you have a worker that needs to travel on business.
Even if this business trip is for a one day meeting, or even a few hours. No matter what time of the day the meeting is, you will have to think that the person you are sending is going to be there at least two, maybe three days, depending on what time of the year they are traveling.
They have to catch the flight the first day, because of the lines through security, and the waiting. So there is a whole day of valuable time wasted. When they get there, they have to stay in a hotel overnight, so there are these costs. Then there are meals, dinner, breakfast, and maybe even snacks.
The next morning they have to take a taxi to the meeting. Let’s say that meeting lasts half the day, this doesn’t include showing up early, or having to stay later to socialize for appearances, so then the rest of the day is wasted, renting another room, and meals, and then waiting the next morning in lines again before finally coming back. 9 times out of 10, unless the results of the meeting have to be done right away, the person isn’t going to go back to work until the next day.
So not only have they drummed up expenses for two nights in a hotel, all the costs of meals, wasted time just waiting around, etc. but also loss of work time too. As you can see these things add up. Now let’s say you send this same person on a jet.They fly there in the morning, take about an hour, do their meeting, then jump back on the jet, and come home, job done. No worry about all these other expenses, or time lost from work.
There are even ways you can save money on renting a jet. One of them is finding flights to your destination that are what is called “empty legs.” This is where someone has flown one way, but not a return, and the jet needs to get back to its base. In some cases, you can save up to 75% on these flights. Another way is to find ones that have passengers, but empty seats. They will give you a discount to fill the plane.