![]() ![]() ![]() And once you’re flying with an aircraft of this size, a lot of other fixed and variable costs come into play such as APU allowance, navigation chart service, computer maintenance and catering, to mention just a few. But now we have crew salaries and benefits including a flight attendant. With the Skyhawk all we had to worry about were fuel, oil, engine reserves and landing fees. A significant variance, depending on the flight hours, upgrades and features that are on the aircraft. On the other hand, a pre-owned model will typically cost you anywhere in the $14 million to $35 million range. Here’s an idea of what it costs to own a business jet.Ī new G450 can cost anywhere between $38 and $43 million brand new, depending on the upgrades you add at the time of purchase. With Honeywell’s Primus Epic cockpit, APU, weather radar, air and thermal management, navigation and radio and other available upgrades, you can see why this aircraft peaks my interest. There’s also a significant variance among the many business jets out there so for this article, I decided to use the Gulfstream 450, more commonly known as the G450. It’s also important to note that most owners switch jets every four to five years, much like car owners. You should just rent one.”ĭepending on your budget, age or size of the aircraft you need and more – the initial purchase price can vary tremendously. As Steve Varsano founder of the luxury private aircraft company of The Jet Business, says, “If you're not flying your airplane 150 to 200 hours a year, you really shouldn't buy one. I found that business jet prices range from $3 million to $90 million, though one source says that about 85 percent of business jet owners buy second-hand aircraft. But as we shall see, owning a business jet, doesn’t quite match up in all the categories. I’m going to try to stick with my original five-part agenda-initial purchase price maintenance and operating costs insurance parking and upgrades/add-ons. Since writing this article, my aviation interests have expanded considerably, my curiosity has skyrocketed and I’m eager to understand how much it costs corporate flight departments to own and maintain a business jet. Last year we looked at the Real Cost of Owning an Airplane to see how much it costs to own at a single-engine, Cessna 172. Honeywell Guide to Advanced Air Mobility Experts.Engine & APU Service Plan Authorizations.Business & General Aviation Service Center Tools.Component Maintenance Modification Cards.Software & Database Services (ASDS, NavDB, TerrDB).Honeywell Forge Subscriptions & Billing.Sales & Service Partners Resource Center.Industrial Coatings, Platings and Insulators. ![]()
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