So what does it cost to charter a private jet? In general turboprop and very light jets like King Air 200 and Citation Mustang cost from $1,500 to $3,000 per flying hour; light and midsize jets such as the Phenom 300 and the Citation XLS range from $4,000 to $6,500 per flying hour, while super-mid and large private jets like Challenger 300 and Gulfstream G650 range from $7,000 to $13,000 per flying hour.