UNDERSTANDING PRIVATE JET LEASE COST:
A COMPREHENSIVE ANALYSIS

From guaranteed access to aircraft to highly experienced pilots, a private jet lease can offer you the flexibility and convenience of premium private air travel – without the capital-intensive commitment, concerns over asset depreciation and other logistical complexities of outright ownership.

But how does a private jet lease work and what are the costs involved?

In this helpful analysis, Flexjet will break down all the cost components of a typical private jet lease program with us, so that you can make an informed decision about whether leasing a private jet is the right choice for you.

WHAT IS A PRIVATE JET LEASE?

To fully grasp your cost components, it is important to first understand how your provider of choice designates a lease from other programs. At Flexjet, our aircraft leasing program offers the advantage of purchasing a jet share while maintaining comfortable liquidity. Some also find this model as an advantageous way to ‘test drive’ different private aviation providers while enjoying a lower threshold of commitment.

COST COMPONENTS OF A FLEXJET PRIVATE JET LEASE:

• Security Deposit: A fully refundable deposit upfront based on aircraft and allocation of hours.
• Monthly Lease Payment: A fixed-rate amount based on aircraft and annual flight hours allocation.
• Monthly Management Fee: Covers the indirect costs of operating an aircraft, including pilot training, insurance, crew provisions, cabin support and administrative costs.
• Hourly Rate: Charged for each hour an aircraft is in-flight, plus approximately 12 minutes of taxi time. This rate also includes direct costs associated with maintenance, standard catering, engine costs and pilot fees.
• Fuel Component Adjustment: Added to the base hourly rate to account for fluctuations in the cost of fuel, which varies monthly.

BENEFITS OF A FLEXJET PRIVATE JET LEASE:

• Incremental Purchasing Power: Add 25-hour blocks of flight time to accommodate changes to your travel needs, or, purchase hours from fellow Flexjet aircraft Owners.
• Transparent Pricing: With a jet lease payments are evenly distributed across the length of your commitment, making costs easier to forecast.
• Aircraft Flexibility: Choose from seven unique aircraft to accommodate your range and passenger needs.
• Flexible Contract Commitments: A minimum 30-month term up to a maximum term of 60 months.
• Short Call Out Time: As a leaseholder, book a flight with as little as 10 hours** advanced notice.

The monthly lease payment is a fixed-rate amount based on the aircraft and annual flight hours allocation. The monthly management fee covers the indirect costs of operating an aircraft, including pilot training, insurance, crew provisions, cabin support and administrative costs.

The hourly rate is charged for each hour an aircraft is in-flight, plus approximately 12 minutes of taxi time. This rate also includes direct costs associated with maintenance, standard catering, engine costs and pilot fees.

The fuel component adjustment is added to the base hourly rate to account for fluctuations in the cost of fuel, which varies monthly. One of the most significant benefits of a private jet lease is the flexibility it offers. Furthermore, you can choose from a selection of unique aircraft to accommodate your range and passenger needs and have a minimum 30-month term up to a maximum term of 60 months.

HOW TO IDENTIFY A PREFERRED PRIVATE TRAVEL PROVIDER

At Flexjet, because of its accessibility as a program, private jet leasing is sometimes subject to limitations in schedule flexibility, call-out time and aircraft selection around periods of peak travel. However, the experience leasing a jet share can vary from provider to provider. A Flexjet lease share affords you the benefits, travel experiences and service standards that Flexjet has to offer.

If you are a frequent traveler who values flexibility, convenience and comfort, then you might want to closely consider a private jet leasing program. Not only does it offer you the freedom to choose from a variety of aircraft types and sizes, but it also gives you guaranteed access to them whenever you need to fly.

With a private jet lease, you can enjoy the peace of mind that comes with having highly experienced pilots at your disposal, while minimizing your exposure to market demands and increasing safety, reliability and availability thresholds. Plus, it’s a less capital-intensive solution to outright ownership, which means that you can choose to invest your funds differently and gain more flexibility in your investment.

In conclusion, a private jet lease can provide you with the convenience of private air travel, without the upfront costs of ownership. By breaking down the cost components of a typical private jet lease program – we hope to have provided you with the information you need to make an informed decision about whether leasing a private jet is the right choice for you.

If you are ready to explore the best that private aviation has to offer, the private aviation experts at Flexjet are here to help.