✈️ 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

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