Senior Editor

Jerry Siebenmark

Hourly, on-demand charter rates eased for flights on turboprops and light and midsize jets while they rose for super-midsize and heavy jets last month, according to private aviation charter marketplace JetASAP.

 


Based on 1,965 hourly rate quotes through JetASAP’s app, rates on turboprops dropped 10 percent month-over-month in October, to $3,818, while light jets saw a 6 percent decrease, to $7,035, and midsize jets a 3 percent decline, to $7,792, in the same period. But heavy jet hourly charter rates increased 16 percent, to $13,960, while those for&nbsp;super-midsize jets moved slightly higher by 0.6 percent, to $10,787.

 


The overall rate was up just 1 percent compared with an 11 percent hourly rate decrease over the summer.

 


According to the company, the&nbsp;JetASAP&nbsp;app connects flyers to more than 700 charter operators. JetASAP&nbsp;added that it expects a busy holiday season for air charter.

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.