There are some important terms and services of the various private jet charter companies that you need to know before you make a booking. These terms include factors such as the hourly rates, fuel surcharges, daily minimums, repositioning costs, overnight fees, and segment fees amongst others. When using the jet charter services, it is important to understand these terms and regulations so that you can be sure of what you will be paying for. Here are a few of the terms that you will need to look at when you are about to use the various air charter services.
The hourly rate
The hourly rate is the most important charge that you will need to evaluate as it will constitute a large part of your air charter budget. This is always determined by the actual flight time or through the block time. The block time is determined from the moment the aircraft taxis from the ramp and goes all the way to the landing at the destination. The actual flight time starts from take off up to the moment the aircraft lands. It is important to note that difference between the two can be as much as over 12 minutes and if you are using charter services frequently, then you will pay considerably more with block time.
The fuel surcharge
To protect their profits against the rising price of fuel, there are lots of charter companies that charge an extra fee to cover this cost. Although many charter companies have since done away with fuel surcharges, there are a good number that still retain it and it is important to ascertain this when booking your air charter services.
Daily minimums are also a common term in the air charter industry. Basically, this refers to a minimum flight time fees that will be charged by the air charter company each time the aircraft is away from the home base.
Usually, the aircraft has to be moved from its home base to your preferred location. The cost of moving the aircraft is called the repositioning cost. It will be dependent on the distance of your location from the home base.
In cases where the aircraft will stay at your destination overnight, then the air charter company will charge you an overnight fee which is simply those costs that will be incurred by the pilots such as hotel room bookings, means and more.
Ramp and landing fees
If you will be using a private jet terminal facility, then the air charter company will charge you ramp fees. Airport operators on the other hand will charge landing fees. You can verify this information from your destination airport operator or simply ask the air charter company.