How Much Does it Cost to Rent a Private Jet? The cost to rent a private jet varies from $2,000 – $14,000 per billable flight hour. These hourly rates include a broad selection of aircraft from turboprops to the finest executive jets in the skies. In addition to the hourly rental rates, 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 $2,600 to $3,500 per flight hour. Midsize or Super Midsize Jets cost between $4,000 and $8,000 per hour. Large and Ultra Long Range Jets cost between $8,000 and $14,000 per hour within the US, and possibly higher internationally. Ultra-luxury VIP airliners such as the BBJs and ACJs in executive configurations cost anywhere from $16,000 to 23,000 per billable flight hour. Below you can see various factors that influence the price. Private Jet Rental Price Factors Aircraft Category The aircraft category refers to the size of an aircraft. The bigger the jet the more expensive it is to hire it. Private jet prices vary from very light jets to ultra-long-range jets, from $2,000 to $14,000 per hour or more. 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 market demand. You can expect price variations from $200 to $2,000 per hour or more. Age of Aircraft The hourly rental rate of a newer rental aircraft is higher per hour than an older aircraft's. Prices can vary from $100 to $1,000 per hour or more. Billable Flight Time The total billable flight time includes positioning fees, time in the

Embraer's Phenom 300 Continues Its Reign The The light jet was the top-selling business twinjet for the past four years Following the release of the 2023 year-end delivery numbers by the General Aviation Manufacturers Association, Embraer announced that for the 12th consecutive year, its Phenom 300 was the best-selling jet in its class, with 63 of the series delivered last year. It was also the top-selling twinjet for the fourth year in a row. Over the past decade, the Brazil-based airframer has delivered more than 730 of the light jets, with the fleet surpassing 2 million flight hours. Its U.S. customers flew their Phenom 300s more than 360,000 times last year. With its high-speed cruise of 464 knots, the Phenom 300 is also the fastest light jet in production, and it has a five-occupant range of 2,010 nautical miles with NBAA IFR reserves. Its avionics include the first Runway Overrun Awareness and Alerting System to be certified for a business jet as well as other innovative features such as an Autothrottle, Coupled Go-around, and Emergency Descent Mode. “For more than a decade the aircraft has earned well-deserved recognition and continues to excel in terms of performance, technology, comfort, and support,” said Michael Amalfitano, CEO of the OEM’s executive jet division. “With our ongoing dedication to our loyal customers, we will continue to develop the program based on customer feedback, industry trends, and new technologies.” Source AIN Online

Falcon Delivery Dip Hits Dassault's 2023 Revenues Revenues last year fell by almost 31 percent to €4.8 billion ($5.2 billion) from €6.9 billion in 2022. Dassault Aviation is working hard to get better control of its supply chain as it targets increasing deliveries of its Falcon business jets to 35 this year, bringing the total closer to the pre-Covid delivery tally of 40 units in 2019. Announcing 2023 financial results today at a Paris press conference, the French manufacturer said it handed over 26 Falcons last year. That was six fewer aircraft than in 2022 and missed its guidance set last March for 35. The shortfall was reflected in an almost 31 percent dip in revenues last year, which fell to €4.8 billion ($5.2 billion) from €6.9 billion in 2022. Dassault also was slightly short in deliveries of Rafale fighters, with 13 handed over last year  instead of the projected 15 units. It handed over 14 Rafales in 2022. In both business units, chairman and CEO Eric Trappier pointed to supply chain issues for the declining rate of deliveries, indicating that the problem is more severe with the Falcon production line. “It’s more complicated for the Falcons because there are several supply chains with different suppliers for the 8X, for the 900LX, for the 2000LXS, for the 6X, and also for the 10X,” he told reporters. Another factor has been the later-than-anticipated type certification and entry into service of the ultra-long-range Falcon 6X. The wide-cabin business jet received simultaneous certification from EASA and the FAA in August, and the first aircraft entered service with Dassault itself in November, with the first external customer delivery occurring last month. Subsequently, 6X deliveries that had been scheduled for 2023 were postponed to this

Used Bizjet Inventory Climbs, Prices Soften The available inventory of business jets increased by 32 percent in February Preowned business jet inventory soared by 32 percent year-over-year in February, while prices softened by 5 percent, according to financial analyst Jefferies. Citing data from Amstat along with its own estimates, Jefferies said the increased inventory crossed all segments with available heavy jets up by 37 percent, medium jets up by 32 percent, and light jets up by 28 percent. Inventories of jets less than seven years out of production have increased by 35 percent year-over-year. However, the available inventory, at 4.3 percent of the business jet fleet, is still below the five-year average of 5.1 percent, Jefferies reported. Overall, 1,094 business jets were available for sale in February, compared with 1,078 units a month prior and 831 in February 2023. The 2023 figures were near lows. Inventory of in-production Dassault Falcons saw the biggest jump last month, up 80 percent from a year ago, Jefferies reported. However, this is from a small base with a total of 18 aircraft for sale. Meanwhile, Cessna Citation inventory climbed 49 percent year-over-year, with 104 units for sale. Jefferies said the Citation Mustang drove the increase. Bombardier inventories were up 45 percent to 58 aircraft. This was a result of an 86 percent jump in Challengers on the market, which numbered just seven a year ago. Gulfstream inventories increased 33 percent, to 69 jets, including 13 G650s. Jefferies also noted that Amstat numbers show that the Savannah, Georgia manufacturer has now produced 53 G700s, implying 46 for customers. Conversely, Embraer inventory shrunk by 16 percent, to 26 business jets, with a dwindling number of Legacy 650s and Phenom 100s for