✈️ Gulfstream III Acquisition Cost

Original New Price (1980s): Approximately $32–$37 million USD

Pre-Owned Market Price (2024): Approximately $500,000 to $1.8 million USD, depending on year, total hours, and maintenance status Air Charter Service

🔧 Gulfstream III Operating Costs

Fixed Annual Costs (Based on 200–400 Flight Hours)

Crew Salaries: $306,493

Crew Training: $35,252

Hangar Fees: $73,506

Insurance: $7,299

Jet Management: $78,000

Miscellaneous Fixed Costs: $28,414

Total Fixed Costs: $528,965 annually

Variable Costs (Per Flight Hour)

Fuel Consumption: Approximately 455 gallons/hour

Fuel Cost (at $4.90 per gallon): $2,229.50/hour

Maintenance Labor: $507.11/hour

Parts, Airframe, Engine, Avionics: $547.34/hour Inspections, Component Overhauls, Life-Limited Parts: $253.80/hour

Engine Restoration: $597.30/hour Miscellaneous Expenses (Landing, Parking, Supplies, Catering): $352.95/hour

Total Variable Costs: Approximately $4,487/hour

🛠️ Gulfstream III Maintenance & Parts Costs

Engine Overhaul Interval: Approximately 7,000–8,000 hours

Engine Overhaul Cost: Approximately $1.2 million per engine

Phase Checks: Every 3 to 6 months, regardless of flight hours; estimated at $50,000/month

Annual Maintenance Costs: Approximately $500,000 to $1.5 million, depending on usage and condition

🛬 Airport & Handling Fees (Typical Heavy Jet Rates)

Landing Fees: $100 to $600 per landing, depending on airport

Parking Fees: $100 to $300 per day at major airports FBO

Handling Fees: $200 to $1,000 per stop (can be waived with fuel purchase)

Navigation Fees (Europe/Canada): $100 to $500 per flight

📊 Annual Operating Cost Summary

Total Fixed Costs: $528,965

Total Variable Costs (200 hours/year): $1,397,427

Total Annual Operating Cost (200 hours/year): $1,926,392

Cost Per Flight Hour: Approximately $9,632/hour