BUSINESS JETS – A PROFOUND ESTIMATION OF HOURLY OPERATING COSTS DEPENDING ON AIRCRAFT CLASS

Abstract

Compared to airlines with a fixed schedule and direct flights only on busy routes, business jets provide an alternative to transport business leaders and other personnel on short-term notice and by direct air transport to nearly any destination worldwide. As hardly any specific numbers contributing to the total hourly rate are published in standard literature, this paper will analyze and unite data from all sorts of alternative resources, especially industry reports, publications of market operators and numerous branch publications on the internet. Some cost aspects adding up to the total hourly rate will be described more precisely, whereas other values will be presented in tables without detailed derivation for the purpose of keeping the extent of this paper within the required limit. However, it has been deemed important not to pool cost aspects but to demonstrate the full variety of all major influencing costs. Interested readers are encouraged to contact the author directly for additional information available in course of his doctoral thesis. The numbers presented within this study are part of this thesis and serve as the basis of a more detailed and individual evaluation whether it is economically reasonable for a corporation to operate an own aircraft rather than using third-party flight services.