There’s no denying that chartering a private jet is an extremely expensive prospect. According to one industry insider, the average price of a private jet charter flight can exceed $5,000 per hour. The cost of hiring a private jet for business travel often exceeds the cost of first-class airfare on commercial airlines for the same trip.
Luckily, there are several ways you can cut down your expenses when flying privately. Here are five tips for sharing the cost of a private plane charter flight and making it more affordable:
Research And Know Your Options
When you’re booking a private jet, it’s easy to focus on the cost of the flight and forget to research your options. But before you settle on a flight time and book a jet, it’s critical to research your options first. This will help you identify the best times to fly and get the best deals.
You’ll also be better informed to discuss the price with your charter broker, and have a better understanding of why the quoted price is what it is. When it comes to booking a private flight, there are several factors you should consider. First and foremost, you’ll need to decide if you want to charter a jet or buy a plane.
While a chartered flight can be an excellent option for business travel, buying a private plane for your business can be an even more cost-effective option. You’ll also need to consider your destination, the number of passengers, and the season.
Fly At Off-Peak Times
The most expensive time to fly privately is during the summer and holiday seasons. This is due to the high demand for private jet charter flights during the peak travel seasons, as well as the increased costs associated with flying during these periods.
Flying on a private jet during off-peak times will save you money and allow you to hire a lower-cost provider. When it comes to booking a private flight, you should consider the following travel seasons as off-peak times. Those are the pre-holiday season,thanksgiving week, and the months of January to February.
Fly To Smaller Airports
When you’re flying privately, you can either land at a major commercial airport or a smaller, less busy airport nearby. Flying to a major airport will cost more in landing fees and fuel surcharges, so it’s best to hire a jet charter that flies to a nearby small airport. Smaller airports often don’t charge for the first few jets flying in for the day and offer a lower-cost option for flying on a private jet.
Negotiate Price Upfront
When you’re discussing the cost of a private jet charter flight, it’s best to do so before you hire a provider. If you can agree on a price with your broker before you’ve signed any contracts, you can avoid paying extra fees that may be associated with booking last minute. Once you’ve selected a private jet provider, it’s a good idea to put down a deposit to secure your flight.
This will help you avoid any last-minute cancellations if there are issues with your flight. It’s best to negotiate a price with your provider before completing this final step. This will give you more leverage in the discussion and help you avoid paying extra fees.