Purchasing Vs Chartering a Private Jet: Which Option is Best for You?

Private aviation has long been the gold standard of travel, offering not just a mode of transport, but a fully tailored experience. But once you’ve tasted the freedom of flying on your terms, the question inevitably arises: Do I buy my own jet or continue chartering?

As with most things in luxury travel, the answer lies in the details—how often you fly, how you prefer to travel, and what kind of commitment you’re ready to make. Below, we break down the key considerations to help you decide whether full ownership or on-demand access is the right fit for your lifestyle.

Frequency of Use

One of the most significant factors to consider when deciding between renting and owning a private jet is how often you’re likely to fly.

Chartering – Fewer than 200 hours a year:

For those who fly occasionally—think a handful of business trips, spontaneous weekends in the Med, or festive-season escapes—chartering remains the most cost-effective option. It offers the freedom to choose an aircraft for each journey, be it a sleek light jet for a quick hop to Paris, or something more spacious and long-range for that winter sun in the Caribbean.

Purchasing – More than 300  hours a year:

For the true jet-setter whose calendars demand frequent international meetings or multi-leg itineraries, ownership is likely the better option. With your own aircraft, you control the schedule, the routes, and the onboard experience right down to your favourite brand of cushion or colour of the leather seats.

Cost

The financial commitment that comes with private aviation plays a pivotal role and goes hand in hand with how frequent you fly.

Chartering:

For those who value flexibility without the full-time responsibility, chartering offers a far more accessible way to fly private. Rates vary depending on the aircraft type, distance, and destination—typically ranging from $2,000 to $15,000 per flight hour. Best of all, you're spared the operational costs!

Purchasing:

Ownership, on the other hand, comes with a significantly higher price tag. Entry-level jets start around $3 million, while ultra-long-range models can range from over $70  million. You’ll also need to consider annual operating costs, including everything from crew salaries and maintenance to fuel, insurance, and hangar fees.  

For seasoned and global business travellers, these figures may be justifiable. As an owner, you’ll also have the option to lease out your aircraft when not in use, helping you offset some of the cost.

Maintenance & Management

Operational responsibilities are another important element to consider when deciding between chartering and owning.

Chartering:

When you charter, the jet arrives crewed, fuelled, and ready for departure. Operators handle everything behind the scenes, so all you have to worry about is what to sip on during take-off!

Purchasing:

As an aircraft owner, you are responsible for all aircraft maintenance, including routine inspections, hiring flight crews and ensuring compliance with aviation regulations. Your aircraft management company will coordinate these tasks on your behalf.

Depreciation

As with any high-value asset, private jets depreciate over time.

Chartering:

One of the unsung advantages of chartering is its financial simplicity. Without an aircraft on your books, you’re free from the fluctuating value and resale complexities that come with ownership.

Purchasing:

Jet ownership, however, comes with the inevitability of depreciation, as most aircraft will see their worth decline steadily with age and use. Whilst resale or leasing options can offset some losses, you're still tied to market conditions.

Availability & Access

When time is of the essence, how quickly and seamlessly you can be airborne can play a role in choosing between chartering and owning.

Chartering:

Hiring an aircraft offers impressive flexibility, with the ability to arrange flights on short notice—sometimes within hours. That said, during peak travel seasons or major events, aircraft availability can tighten, particularly for popular routes or specific jet models. Planning ahead ensures a smooth flight, but the spontaneity is still there when you need it.

Purchasing:

With ownership comes the ultimate freedom: your aircraft is ready when you are. Flight crew scheduling and routine maintenance must be factored in, but for frequent flyers, the ability to take off at a moment’s notice is one of ownership’s most compelling perks.

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So…which is best for you?

Choose to buy if you:

• Fly more than 300  hours a year• Need immediate and unrestricted access to an aircraft• Desire full control over flight operations• Are prepared for the long-term financial and logistical commitment

Choose to charter if you: Fly occasionally or seasonally• Prefer flexibility in aircraft type • Seek a more cost-effective, commitment-free option• Don’t want to manage the responsibilities of ownership

The decision whether to buy or charter a private jet can be a complex decision, that’s why we’re here to help. From tailored advice on chartering to hands-on support through the aircraft acquisition process, we’re committed to helping you make the choice that truly suits you.

Get in touch at charter@365aviation.com or drop us a WhatsApp message here.