How much must you spend on a small private plane per hour? The answer depends on how you acquire a private jet. You can buy a small private jet in many ways. These include buying the private jet directly, leasing/renting it, fractional Ownership, and private membership cards or subscriptions.
Small Private Jet Cost Per Hour in 2024
If you need to be aware of the terms mentioned above, do not worry. We’ll help you understand each method of owning a private plane so you can select the most convenient one.
| Jet Size | Seating Capacity | Hourly Rates |
| Very light jet | 4-7 person | $3500 – $5000 |
| Light jet | 6-8 person | $4000 – $7000 |
| Medium size jet | 7-10 person | $6000 – $9000 |
Private Plane Membership/Jet Cards
Many private charter companies offer jet memberships, generally in three tiers, for the convenience of regular flyers.
1. Dynamic – In dynamic membership, the prices vary depending on the flight hours, type of charter, time of booking, etc.
2. Fixed—The price rates on this membership are not volatile. Flight hours have a fixed rate, and you don’t have to pay a higher rate than what’s fixed. The fixed price may change depending on the type of plane you choose for your trip.
3. Capped Price —When you opt for a capped price, you don’t have to pay more than a fixed amount.
You have to be wise when choosing the tier of jet membership. If your travel routes are not fixed or highly irregular, you can choose fixed or capped card memberships. If your itinerary is fixed, you can select a dynamic private jet membership.
When you buy a private jet membership or jet card, you get many perks. The flights are always available when required, you’ll be in a comfy space with a private crew who will only pay attention to your well-being and more. It’s important to go through the terms and conditions of your subscriptions, which define your perks, charges, surcharges, etc., to learn what to expect and what not to.
60+ companies are offering private jet card services to those in need. The cost of membership depends on the company providing the card memberships. The entry fees are generally in the range of $50,000 to $200,000, and later, you’ve to pay a monthly charge of a few hundred to several hundred dollars, depending on the type of member you’ve opted for. Below is a list of some famous companies providing private jet membership cards.
- Jettly
- Jets.com
- Fly Exclusive
- Magellan
- Jet Edge
Renting/Leasing a Private Jet
Renting or leasing a private jet is similar to leasing a car or house. You pay for the charter for a specific period, similar to owning a plane for a limited time.
The jet companies offering plane leasing options do it in two general ways.
1. Wet Lease: The expense of a wet lease is higher because companies offer pilot and crew members along with a plane.
2. Dry Lease: Dry lease rates are lower as you don’t get a dedicated pilot and crew. You’ll have to manage it yourself.
Fractional Ownership
As the name suggests, fractional ownership ownership is partial jet ownership. Similar to owning shares of a company. As the only owner of the plane, you must agree upon a time or date and use the charter accordingly. The time and dates should be convenient for all the parties owning the place. A small private jet purchased via fractional Ownership costs $100,000 to $1 million.
Complete Ownership
Complete Ownership is Ownership when you are the sole owner of a plane. You must choose whether to buy a used charter or a brand-new one. A small, used, average private jet costs around $200,000 to $10 million, while a brand-new plane can cost between $2 million and $100 million. If your yearly flight charges surpass the cost of owning a charter plane, there is nothing wrong with owning one.
FAQs for Private Jet Cost
1. How Much Would it Cost to Fly a Small Private Jet to Nigeria?
A small private jet flight costs around $3500 to $4500 per hour. Depending on the type of plane selected for the itinerary, an average 5-hour flight costs around $20,000.
2. How Much Does it Cost to Maintain a Small Private Jet?
The yearly maintenance of a small 4-seater private jet can range from $200,000 to $500,000.
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