How Much Does it Cost to Rent a Private Jet?
The cost to rent a private jet varies from ₹1,68,689.00 - ₹11,80,823.00 per billable flight hour. These hourly rates include a broad selection of aircraft from turboprops to the finest executive jets in the sky. In addition to the hourly rental rates, which include aircraft, crew, insurance, and fuel, several other factors contribute to the overall price of renting a private jet.
The most economical private jets - Turboprops, Very Light Jets, or Executive Light Jets - cost around ₹2,19,295.70 to ₹2,95,205.75 per flight hour. Midsize or Super Midsize Jets cost between ₹3,37,378.00 and ₹3,37,378.00 per hour. Large and Ultra Long Range Jets cost between ₹3,37,378.00 and ₹11,80,823.00 per hour within the US, and possibly higher internationally.
Ultra-luxury VIP Airliners such as the Lineage 1000, BBJs, and ACJs in executive configurations cost anywhere from ₹13,49,512.00 to 23,000 per billable flight hour.
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Private Jet Rental Price Factors
Billable Flight Time
Billable flight time, calculated on an hourly basis, is the primary cost driver when renting a private jet. It includes positioning time, airborne time, and the standard two hours per day minimum charge, when applicable. Billable flight time refers to wheels up to wheels down and does not include taxi time.
Aircraft Category
Aircraft categories classify private jets based on their size and capabilities. The cost of hiring a private jet increases with its category. Private jet rental rates start at ₹1,68,689.00 per hour for Turbo Props, reach up to ₹11,80,823.00 for Ultra-Long-Range Jets, and exceed ₹19,39,923.50 for VIP Airliners.
Aircraft Type
There are a variety of aircraft types within each category of private jets. Some aircraft types are slightly more expensive than others based on their comfort level, performance, and market demand. You can expect price variations from ₹16,868.90 to ₹1,68,689.00 per hour or more.
Age of Aircraft
The hourly rental rate of a newer aircraft is higher per hour than an older plane. Prices can vary from ₹8434.45 to ₹84,344.50 per hour or more.
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Government Taxes and Fees
Federal Excise Tax
Federal Excise Tax is charged for all US domestic flight legs at a rate of 7.5%. FET is charged on any amount paid for air transportation. Learn how to calculate taxes on flights in the United States.
US Segment Fees
Segment fees are a government tax calculated per passenger and vary by region. In 2024 the US segment fee is ₹421.72 per passenger, per leg.
International Fees
Depending on the event and the region, the international fees can cost anywhere from ₹42172.25 to ₹4,21,722.50 or more. They include landing permits, overflight permits, customs, and immigration fees whenever required by your route of flight and the country of your arrival.
International Head Tax
International Head Tax in 2024 is ₹1872.45per passenger for any international flight leg that begins or ends in the US.
Alaska/Hawaii Head Tax
Alaska and Hawaii Head Tax in 2024 is ₹936.22 per passenger and applies to departures from Alaska/Hawaii for domestic segments
Italian Luxury Tax
Italian Luxury Tax is charged when flying in or out of Italian territory or when using an Italian-registered aircraft. Each passenger is taxed on every leg of their flight. For up to 932 miles (approximately 1500 km), the tax is 100 euros per passenger. For legs higher than 932 miles (1500 km), the tax is 200 euros per passenger.
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Other Expenses, Costs & Fees
Crew Over Nights
Crew overnight and per diem fees are between ₹16,868.90 and ₹33,737.80 per crew member per night to cover food, lodging, and other expenses related to being away from home.
Short Leg fees
Short-leg fees generally apply to larger aircraft categories and are set by the aircraft owner for flights under a specified duration. The industry standard for short leg fees varies by jet category: 2 hours for Super Midsize Jets and Large Jets, 2.5 hours for Ultra-Long-Range Jets, and 3 hours for VIP Airliners.
Aircraft Positioning Cost
Aircraft positioning fees are based on the amount of flight time accumulated to position the aircraft to pick up passengers and for the aircraft to fly back to its home base.
Hangar Fees
Hangar fees are most commonly incurred in icy conditions to prevent ice, snow, or frost from accumulating on aircraft surfaces and to avoid deicing costs. Based on the size of the aircraft, hangar fees can cost anywhere from ₹42172.25 to ₹1,26,516.75per day.
Fuel Surcharge
A fuel surcharge is applicable when there is a surge in fuel prices in the market. Fuel surcharges can add ₹50,606.70 to ₹75,910.05 per hour or more depending on the size of the aircraft. Urbane Jets rental prices are inclusive of fuel surcharges unless specified otherwise.
Aircraft Daily Minimums
Operators require a certain amount of minimum hour charge per day depending on the aircraft size. For example, for turboprops the daily minimums are 1.5 hours, for light and midsize it's 2.0 hours and for super midsize, large, and ultra-long range, the daily minimums are 2.5 hours.
Landing Fees
Landing fees are charged by the airport authority to maintain the facility and the expenses vary by airport. Landing fees typically range from ₹12,651.68 to ₹42172.25, varying based on the aircraft's size and weight.
Ramp and Handling
Ramp and handling fees are anywhere from ₹8434.45 to ₹42172.25 per visit, charged by the fixed-base operator to handle and park the aircraft. These fees are sometimes waived if a minimum amount of fuel is purchased.