Private Jet Charter Quotes - What You Need To Know

By Erina Array

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When comparing estimates for your next private jet charter, take note of the following ten items that may well make a difference in which offer you select.

Hourly Rate

The largest cost on your private jet charter quote is going to be the hourly cost to charter the aircraft. The hourly charge will be dependent on either genuine air flight time or based on block time . Actual air time starts off when the plane takes off and ends when it lands. Block time will start when the aircraft taxis away from the ramp and concludes whenever it parks at your destination. The big difference between the two techniques might mean as much as 12 minutes on each leg, because the average taxi time is generally 6 minutes on either end of the flight. Compare the projected flight on every quote as well as the hourly rate.

Fuel Surcharge

Certain charter companies (as well as the majority of fractional and jet card providers) impose this additional fee to cover the rising expenses of jet fuel. Fuel surcharges were widely used on jet charter quotes in 2006-2007 at a time when oil was trading over $150 a barrel. It became a source of income that some services were reluctant to sacrifice, even once the price of fuel was decreased. This surcharge can make a significant difference in the quoted hourly expense of your charter. When researching prices, be sure to incorporate the fuel surcharges into the hourly rates of every aircraft.

Daily Minimums

Some charter suppliers will charge a minimum flight time fee for each and every day the aircraft is away from its home base. This is normally billed as 1 or 2 hours at the hourly charter rate of the aircraft.

Repositioning Cost

This will be the cost of moving the jet from its home base to your own location to start your flight. Usually the cost for your charter is going to be lowest in the event you make use of an aircraft that's based near your point of departure.

Ramp and Landing Fees

Ramp fees are the amount of money charged to the charter owner when making use of a private jet terminal facility or FBO (fixed base operator). Landing fees are normally a fee imposed by the operator of the airport to help pay for airport maintenance and operations. A number of air charter operators employ these terms interchangeably or perhaps group the fees into one category to keep the estimate from becoming too in depth.

Overnight Fees

Overnight charges cover the costs incurred by the pilots when the aircraft remains at your destination overnight, for instance hotel rooms, meals, rental vehicle, etc.

Federal Excise Tax

Federal Excise Tax, or FET, is required to be obtained by your charter supplier and remitted to the IRS. This tax is 7.5% of the overall charges for the domestic flight, not including catering, ground transportation or additional third party provided services. You will also see FET listed on charter quotes on your overseas flights when the desired destination is within 225 miles of the United States borders.

Segment Fees

Segment fees are obtained on domestic flights on a per person, per leg basis, and remitted to the IRS by your charter provider. At present, segment fees come to $3.70 for each passenger for every leg flown. If you are flying to or from certain rural airports, segment charges do not apply.

International Segment Fees

International segment charges at present are $16.10 per passenger, for each leg. This tax is only collected whenever your international flight includes going across a United States border.

Handling Fees

Handling fees are normally incurred when traveling to international destinations. Spending money on a local handler to assist your flight crew might be a substantial time saver for the passengers as they usually help expedite your clearance into the country you are traveling to. Handlers can additionally make necessary arrangements with reputable nearby companies for services such as ground transportation and catering.

Understanding these 10 terms will enable you to differentiate the estimates you receive for your upcoming private jet charter flight.

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