Private Jet Charter Demand Remains Stable But Rates Still Fluctuate

Need for private┬ájet charter looks set to stay steady on both sides of the Atlantic, according to the current information from online charter portal Avinode. On July 2nd, the business’s forward-looking index for the following 30 days revealed demand virtually the same compared with a month previously in the business’s light, medium and heavy jet categories. In the U.S. and Canada, the mid-jet segment revealed a modest increase in need, with the index enhancing over the previous month from 108.6 on June 2 to 110.2 on July 10. In all groups apart from light jets in Europe, all airplane tracked by Avinode saw a slight boost in projected demand in the 12-month duration since July 2, 2012. Charter rates are not as constant. Avinode’s monitoring of 3 airplane types reveals fluctuations over the past six months, varying from a boost of nearly 10 percent in average per hour rates and a dip of nearly 3 percent. The private jet charter flight-hour rate for a Hawker 800 in North America was $3,890 USD this previous June 30, which was 5.3 percent higher than the typical rate three months earlier and 9.3 percent up on the rate recorded 6 months earlier. By contrast, in the European market the Bombardier Challenger 604‘s typical rate of $6,380 USD was 3.2 percent down compared to March 31 and 2.6 percent down on December 31 last year.

Bombardier Challenger 604's typical rate of $6,380 USD was 3.2 percent down and can be chartered through JetOptions



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