Charter & Fractional
JetASAP: Charter Hourly Rates Climb 7 Percent in May
Billable charter hours in May jumped by 7 percent over April with turboprop trips seeing the largest increase followed by light jets.
Embraer Phenom 300 on airport taxiway
JetASAP noted that a request for a trip from Teterboro, New Jersey to Ft. Lauderdale, Florida in a Phenom 300 resulted in a $12,508 quote. (Photo: David McIntosh/AIN)

Online air charter marketplace JetASAP has found that operator billable flight-hour rates are still increasing, jumping by 7 percent month-over-month in May. All categories of chartered aircraft saw rate increases last month.

Turboprop charters led that increase with a 12 percent average hike to $4,110 per billable flight hour, according to JetASAP. This includes a low of $2,500 and a high of $5,955 per hour, with 52 percent of the turboprop rates coming in above the average.

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