Be honest; how many of you have wanted to fly on a private jet?
Even if this the case, the majority of you have probably disregarded this as little more than a fanciful and unobtainable dream, particularly as inflation continues to rise and consumer spending falls.
If the course of private jet chartering is to follow the general trend of the commercial aviation industry, however, booking your own plane and cargo space may soon become increasingly commonplace. Here’s why:
Chartering a Private Jet is Already Getting Cheaper, and the Cost is Likely to Fall Further
In truth, the glamour and luxury that promotes private jet chartering has created a number of misconceptions surrounding affordability. In fact, there are already a number of affordable and competitively priced service providers available, with Victor providing a relevant case in point. This brand has blazed a trail within the market, primarily be leveraging reduced fuel costs and sharing these directly with the consumer. This, in turn, has created greater competition in the sector and helped prices fall further.
The cost of fuel is an important factor, particularly in a market that despite the best efforts of OPEC continues to struggle with issues of oversupply. With crude oil now at just $51.62 per barrel, the cost of air travel is set to fall incrementally across the board and remain within a narrow range for the foreseeable future. The falling cost of oil has already had a significant impact on the price of securing long-haul business class flights, with some reports suggesting fares from London to New York were slashed by as much as 37% during 2016.
We should expect a similar trend to impact on the cost of chartering private jets in the months ahead, which along with more intense market competition will create more affordable price points.
How Else Can You Reduce the Cost of Chartering a Private Jet?
While the price of oil and market forces may ensure that chartering a private job becomes an increasingly attainable goal in the near-term, there are also steps that you can take to reduce costs further as a consumer.
Comparing the market for real-time deals is an excellent and obvious place to start, while you should also look out for empty leg deals. These are essentially private charter jets that have empty seats available on a return journey, and airlines will often look to maximise their returns by selling these off at a reduced rate.
You may think that this is cheating, but it is also a breathtakingly simple and affordable way to sample glory of private jet travel!