Private Jet Charter Demand Remains Stable But Rates Still Fluctuate

Need for private jet 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.

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