Charter & Fractional
Overall Aircraft Charter Rates Swing Higher in November
According to the JetASAP report, fliers saw an overall 4.5 percent increase in hourly charter rates between October and November.
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Based on 1,983 quotes fliers received through the JetASAP app, fliers saw an overall 4.5 percent increase in hourly rates. (Photo: Mark Wagner)

On-demand, average hourly charter rates moved lower for light and heavy jets, but were higher for turboprops and midsize and super-midsize jets between October and November, according to private aviation charter marketplace JetASAP. Based on 1,983 quotes fliers received through the JetASAP app, fliers saw an overall 4.5 percent increase in hourly rates.

Specifically, light jet hourly rates fell 3 percent to $6,812 while heavy jets edged slightly lower by 0.3 percent to $13,916. However, rates for turboprops climbed 12 percent to $3,839, followed by a 9 percent increase for super-midsize jets to $11,723. Midsize jet rates increased 5 percent to $8,215.