Private jet rental pricing. | FerrariChat

Private jet rental pricing.

Discussion in 'Aviation Chat' started by ammoman, Jan 10, 2010.

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  1. ammoman

    ammoman Formula 3

    Feb 16, 2008
    2,032
    WINDERMERE FLORIDA
    Full Name:
    ERIC
    The prices for previous trips and a future trip are all over the map.
    Can anyone who knows more, educate me a bit on how or where to get the best prices.
    For example:
    Last round trip from ACY to NAS was $24,500 on a mid size jet.
    Was quoted $18,000 on a smaller jet. (4 people)
    would love to find the mid. in the $18 range?
    Am i dreaming?
    Eric
     
  2. donv

    donv Two Time F1 World Champ
    Owner Rossa Subscribed

    Jan 5, 2002
    26,107
    Portland, Oregon
    Full Name:
    Don
    Are you willing to be flexible on the dates and times? By far the best way is if you're willing to be flexible, in which case you might pick up a backhaul from someone at a big discount.

    Also, be aware that taxes and fees will significantly increase the bottom line beyond cost/hour * quoted hours.

    I'd find a broker or charter operator you like, and build a relationship. They can find you the best deals.
     
  3. donv

    donv Two Time F1 World Champ
    Owner Rossa Subscribed

    Jan 5, 2002
    26,107
    Portland, Oregon
    Full Name:
    Don
    Also, please use a quality operator. There are a lot of dubious charter operators out there (especially in South Florida), and quite a few of them have killed or injured people. Personally, I'd look for a safe operator first, and then think about price.

    Look for Wyvern certification, and insist on a Wyvern-qualified crew and aircraft. That doesn't guarantee anything, but should rule out most of the true bottom feeders.
     
  4. Market Mover

    Market Mover Formula Junior

    Aug 25, 2006
    292
    Glastonbury CT
    I can definitely assist you. Check your pm's
     
  5. Jedi

    Jedi Moderator
    Moderator Lifetime Rossa Owner

    Mar 18, 2008
    32,272
    Seattle Area
    Full Name:
    Dave
    Yikes! And here I feel a little guilty buying full-fare first class on Alaska for an upcoming
    business trip to Oahu

    :)

    Jedi
     
  6. ChipG

    ChipG Formula 3

    May 26, 2011
    1,760
    Santa Monica, CA
    It's about 1,800nm round trip for your flight, I'm paying $6 per nm right now and I feel like I need to see if I still have shorts on after the flight. CJ3 btw
     
  7. ChipG

    ChipG Formula 3

    May 26, 2011
    1,760
    Santa Monica, CA
    If they flew back from nas and had to come back to get you 3 days later then you pay for 4 flights btw, so that would be $12 per nm and they billed yo at $13 ish per nm. Find a crew that can keep the plane where you stay at for a few days, it'll cut your bill in half.
     
  8. xto

    xto Karting

    Mar 20, 2006
    227
    Your focus should not be on just cost. Reliability, safety, quick access, great service. Simple contract with adequate liability insurance. These should be first. Most of the top companies are similar in pricing. Check out Citationair. Remember if you buy cheap you get cheap!
     
  9. ChipG

    ChipG Formula 3

    May 26, 2011
    1,760
    Santa Monica, CA
    Simple liability insurance? Your kidding, right?
     
  10. ChipG

    ChipG Formula 3

    May 26, 2011
    1,760
    Santa Monica, CA
    Sorry, what I meant to say is no one will insure me when I fly... I'm just a little edgy about it.
     
  11. ChipG

    ChipG Formula 3

    May 26, 2011
    1,760
    Santa Monica, CA
    XTO,

    I looked up the rates, if I buy a 50 hour jet card they bill me at $6,540 per hour (peak rate) for a CJ3, it was around $4,500 an hour non peak CJ3, that's about (I don;t have my calculator so I'm just rounding numbers) about $10-$14 per NM... OUCH. I can seriously get a challenger from a friend for cheaper per hour.
     
  12. Market Mover

    Market Mover Formula Junior

    Aug 25, 2006
    292
    Glastonbury CT
    you can get a GIV for $4500/hr
     
  13. kevfla

    kevfla Formula 3

    Nov 20, 2003
    2,086
    Full Name:
    gone 4 good
    and see if they have copies of Charter Hub magazine. Might help your situation or answer questions regarding charter rates. While you are there, grab a copy of Executive Controller...always fun to check out prices and pix of interiors.

    KevFla
     
  14. donv

    donv Two Time F1 World Champ
    Owner Rossa Subscribed

    Jan 5, 2002
    26,107
    Portland, Oregon
    Full Name:
    Don
    Don't believe that the final price will be the number of hours you fly * 4500. It will be much higher than that.

     
  15. Market Mover

    Market Mover Formula Junior

    Aug 25, 2006
    292
    Glastonbury CT
    yes- just / per flight hour

    aircharterguide. should offer some insight- just check by airport.
     
  16. ChipG

    ChipG Formula 3

    May 26, 2011
    1,760
    Santa Monica, CA
    Yea, my buddy deal is $4,200 an hour for a 604 with no run up ramp time. He's not paying a management company $50k a month to manage it, he has 4 pilots that manage / rotate shifts and one secretary to answer the phones in the office, it's beyond me why more owners don't follow this model.

    He's not getting rich but his biz gets a free plane for the extra effort.
     
  17. I16

    I16 Formula 3

    Sep 15, 2008
    2,188
  18. Jeff Kennedy

    Jeff Kennedy F1 Veteran
    Owner Silver Subscribed

    Oct 16, 2007
    6,847
    Edwardsville, IL
    Full Name:
    Jeff Kennedy
    Agree that more people could run their own operation and save significant money. The management fee is above the table and at least highly visible but there are a lot of other areas that are hidden and inflate the operation cost.

    On the other hand do not think that just because the operation is in-house does not lead to abuse too.

    Some owners do willingly understand that going the management company route is trading money for convienence. The management company handles all the day to day issues while the owner concentrates on their business. The owner gets a monthly bill and keeps it simple from their perspective.

    As a start-up it is also quite expedient as they get an immediate crew and infrastructure so they can be in operation within days.

    Management companies love to tout the charter revenue that they will generate. Yes, they can put the aircraft out on flights but frequently they have all sorts of ways to ensure that the management company makes the profit and the owner gets the short end. Too many owners don't quite understand that they do not need a full time management company to have charter income.

    Jeff
     
  19. donv

    donv Two Time F1 World Champ
    Owner Rossa Subscribed

    Jan 5, 2002
    26,107
    Portland, Oregon
    Full Name:
    Don
    He owns it?

    Because if he owns it, $4,200/hour is just for starters.

    Is he leasing it? As long as he's aware of the legal implications and it's being done properly, that's a very good way to go. Although, I'm not sure that a lease on a straight hourly rate like that is legal-- you can charge up to 100% of the fuel used. How much does a 604 burn? I'm thinking maybe 450 gallons/hour?

    Is he chartering it? If so, he's paying way more than $4,200 time the number of hours he flies, even if that's the headline number.

     
  20. Market Mover

    Market Mover Formula Junior

    Aug 25, 2006
    292
    Glastonbury CT
    where is this plane located? if northeast- I know a guy who would lease 150-200 hours a year .
     
  21. Market Mover

    Market Mover Formula Junior

    Aug 25, 2006
    292
    Glastonbury CT
    #21 Market Mover, Oct 20, 2011
    Last edited: Oct 20, 2011
    hoping New England
     
  22. ChipG

    ChipG Formula 3

    May 26, 2011
    1,760
    Santa Monica, CA
    I missed your post, he owns it.
     
  23. ChipG

    ChipG Formula 3

    May 26, 2011
    1,760
    Santa Monica, CA
    It's in Russia 6-8 months out of the year and midwest USA 4-6 months out of the year. I take it to mammoth ca, tahoe, st barts and vegas 10ish times a year combined.
     

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