✈️ Gulfstream G700 Acquisition Cost

Original New Price (2024): Approximately $79.9 million USD
Pre-Owned Market Price (2024): Approximately $73 million USD 


🔧 Gulfstream G700 Operating Costs

Fixed Annual Costs (Based on 450 Flight Hours)
Crew Salaries: $585,000
Crew Training: $100,000
Hangar Fees: $130,000
Insurance: $45,000Liberty Jet
Jet Management: $78,000
Miscellaneous Fixed Costs: $50,000
Total Fixed Costs: $988,000 annually


Variable Costs (Per Flight Hour)
Fuel Consumption: Approximately 500 gallons/hour
Fuel Cost (at $6.00 per gallon): $3,000/hour
Maintenance: $60.44/hour
Engine Overhaul: $1,102/hour
Miscellaneous Variable Costs: $177.78/hour
Total Variable Costs: Approximately $4,340/hour


🛠️ Gulfstream G700 Maintenance & Parts Costs

Engine Overhaul Interval: Approximately 8,000 hours
Engine Overhaul Cost: Approximately $3.35 million per engine
Mid-Life Inspection Interval: Approximately 4,000 hours
Mid-Life Inspection Cost: Approximately $1.675 million per engine

 

🛬 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 (Based on 450 Flight Hours)

Total Fixed Costs: $988,000
Total Variable Costs: $1,953,000
Total Annual Operating Cost: $2,941,000
Cost Per Flight Hour: Approximately $6,535/hour