The cost of a private jet charter depends on a lot of factors like the size of the jet, the distance of the flight, time of the year, and location.
For instance, the standard price of chartering a large jet for transcontinental flights could cost between $8,000 (NGN3.7 Million) to $15,000 USD (NGN6.9 million) per hour.
A medium jet could cost from $7,000 (NGN3.2 million) to $9,000 (NGN4.1 Million) per hour while a small turboprop aircraft for a short flight within the US might cost around $1,500 to $3,000 per hour.
This price isn’t peculiar to the United States, that’s the standard around the world, the only difference may be in the currency of transactions.
For instance, someone who wants to charter a private jet in Nigeria may have to convert the USD quotes to Nigerian currency.
This means the average cost of chartering a small private jet in Nigeria could be between NGN691,485 to NGN1,382,970, using the official exchange rate.
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From the above, on average, the cost of a private jet charter can range anywhere from $1,000 to $10,000 per hour, depending on the size and duration of travel.
For the elites, the above cost of a private jet charter may not be expensive for them because of the advantages that come with flying a private air including convenience and privacy.
What are the additional fees for chartering a private jet?
Some private jet charter firms charge additional fees for things like:
- handling fees
So it’s important to request a complete quote that includes all relevant costs before making a decision.
How do I book a private jet charter?
To book a private jet charter, you will need to request a quote, the company will need the following details:
- Take off place
- Departure date
- Departure time
- Return date
- Return time
- Your name
- Email address
- Phone number
- Number of passengers
What factors determine the cost of chartering a private jet?
There is no fixed overall cost of flying a private charter jet because a lot of factors come into play.
Here are some of the things you should know before chartering a private jet:
Type of aircraft:
More luxurious and bigger aircraft with more amenities and features will generally be more expensive than smaller, simpler aircraft.
Chartering Airbus A350 which is 242 ft will cost more than Airbus A220 (115 ft).
So, the type and size of aircraft you choose is a big factor and it will impact on the cost of your charter.
Distance of the flight:
The distance of the flight is another important factor that will affect the cost. Shorter flights will typically be less expensive than longer flights.
Time of year:
Peak travel times such as holidays are typically more expensive. Demand is usually higher than supply, thereby pushing the price a little bit up.
The availability of aircraft can also affect the cost of a private jet charter, with aircraft being in higher demand during peak travel times or for certain events.
Flights to more remote areas or security-risk areas are generally more expensive. For instance, private jet charter companies in Nigeria may charge more to areas such as Yobe, Katsina, and Borno because of the threats of terrorists.
Number of passengers:
The cost of a private jet charter will often be influenced by the number of passengers. Larger aircraft are more expensive to operate and require more crew.
The flight route can also have an impact on the cost of a private jet charter, with flights over oceans or through mountainous terrain typically being more expensive.
Aircraft operating costs:
The cost of operating the aircraft, including fuel, maintenance, and crew expenses, can also have an impact on the cost of a private jet charter.
It’s important to keep in mind that these are just some of the factors that can influence the cost of chartering a private jet, and the actual cost of your charter may be influenced by other factors as well.
What are the advantages of chartering a private jet?
The benefits of flying a private air include privacy, comfort, flexibility, and executive care. Read more about the benefits of chartering a private jet in our earliest article.
What are the top private jet charter companies in Nigeria?
There are more than 20 private jet charter companies in Nigeria. Check the list of the popular ones in our post.
Can I find affordable private jet charters in Nigeria?
Chartering a private jet is completely different from car hire in terms of cost.
Safety is paramount in air transportation, so they don’t comprise when it comes to delivering a top-notch service.
That’s why the question of whether it is affordable or not doesn’t even come in. Chartering a private jet isn’t for the middle class.
The time of the year, size of aircraft, demand, and number of passengers determine the cost of chartering a private in Nigeria and other countries around the world.