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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.
The best private jet service is Villiers Jet because they offer a great selection of high-quality jets, excellent customer service, competitive prices, and the best private jet membership programs.
But you can usually expect to pay anywhere from $2,000 to $11,000 or more per billable flight hour, according to Paramount Business Jets, a private jet charter service.
Surf Air Europe operated under the same subscription model where customers pay a monthly fee starting from £1,750 ($2,180) for unlimited travel. [6] Surf Air would start with flights from London to Zurich during the week and to Ibiza in Spain at weekends. [7] It had plans to add routes to Cannes, Munich, Luxembourg, and Milan. [6]
Fractional owners pay monthly maintenance fees for a minimum of 50 annual flight hours and a five-year commitment, as well as operating fees by the hour for use of aircraft. Alternatively, customers may buy flight hours in 25-hour increments by way of jet card programs. [23]
Additionally, planes in fractional fleets tend to be flown harder, with more hours and takeoff/landing cycles than the average. This negatively affects residual value. The initial purchase price for a 1/16 share of a light jet starts at over $300,000. Monthly management fees start at about $9,000 per month. Occupied hourly rates start at about ...
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