How the world's most astute flyers are leveraging the secondary charter market to access ultra-long range cabins at a fraction of acquisition cost.
Every time a business jet repositions without a paying passenger, an operator absorbs a cost that erodes their margin. These movements — known as empty legs — have existed since the charter industry began, but for most of aviation history they remained invisible to anyone outside a broker's private call list. That is changing rapidly.
The mechanics are straightforward. An operator contracts to fly a client from Geneva to Dubai. The aircraft needs to return to Geneva, or continue to a third city for the next booking. Rather than absorb the full repositioning cost, the operator offers that segment on the open market, typically at forty to seventy percent below the retail charter rate for the same cabin. A Gulfstream G650ER repositioning from Singapore to London, for instance, might surface at a price that would ordinarily buy you a heavy jet for a far shorter sector.
What has changed in the past three years is the infrastructure around this market. Digital platforms now aggregate empty leg inventory from dozens of operators and surface it in near real time. Savvy travellers who build flexibility into their itineraries — arriving a day earlier, departing a day later, or substituting a nearby airport — can access cabins that would otherwise sit out of reach. The trade is time for money, and for principals who can absorb that trade, the arithmetic is compelling.
“The secondary market does not ask you to compromise on the aircraft — only on the schedule. For those who plan ahead, the reward is an ultra-long range cabin at the price of a midsize charter.”
There is nuance, however, that does not always make it into the headline figures. Empty leg pricing reflects the repositioning cost, not the full market rate, which means the operator has limited incentive to hold the segment if a full-charter enquiry arrives. Experienced brokers will tell you that empty leg availability is real but fragile: a booking that exists at noon can be superseded by a full-rate client by mid-afternoon. The prudent approach is to treat the segment as confirmed only once the contract is signed.
The categories that see the heaviest empty leg activity are ultra-long range aircraft returning from transatlantic positioning, and heavy jets cycling through hub airports in the Gulf. Operators with large fleets — those running ten or more aircraft — generate the most consistent inventory simply because their schedule density creates more repositioning movements. Building a relationship with one or two such operators, or with a broker who specialises in this segment, is often more productive than relying on a platform alone.
For corporate travel programmes at scale, the calculus shifts further still. A company that charters forty or fifty sectors a year and builds empty leg awareness into its booking process can realistically reduce its charter spend by fifteen to twenty percent annually without changing the quality of travel. The empty leg is no longer an opportunistic footnote. For the informed buyer, it is a structural advantage.
Marcus Elliot
Charter Markets Correspondent
Marcus Elliot has spent fifteen years covering the private aviation industry for leading financial and lifestyle publications. He is based between London and Dubai.