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Unless you spend at least 150 hours a year flying, a private jet rental is probably a better option than buying — that way, you avoid many of the yearly maintenance fees private jets cost you.
This allows people to fly privately for cheaper than the cost of full jet ownership. I toured one of Flexjet's $23 million Embraer Praetor 600s. It costs about $10,000 hourly.
Whether you’re traveling from NYC, Las Vegas, or any other US city, the private jet cost can stay in the $5,000 range or go up to $20,000 or more. ... What Is Fractional Ownership or Private Jets?
Cost – Private jet travel is very expensive, and the fractional model can be the costliest option (when compared to memberships, charters, etc.). The plans are also complex, with multiple layers of cost that make it nearly impossible to calculate a realistic fully loaded bottom-line per-flight cost.
Under such arrangements, overhead costs such as flight crew, hangarage and maintenance are split among the users. Fractional ownership of aircraft involves an individual or corporation that pays an upfront equity share for the cost of an aircraft. If four parties are involved, a partner would pay one-fourth of the aircraft price (a "quarter ...
The number of miles flown by private jets soared 53% between 2019 and 2023, while the number of private aircraft rose by 28%, according to a major new study published in Nature.
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