The total annual budget for flying a Challenger 601-3A private jet 200 hours per year is approximately $1,258,233 or $2,004,467 for flying 400 hours per year. The maximum speed of the Challenger 601-3A is 528 mph, but with slower climb, cruise and descending speeds it is more likely to average 422 mph which would equate to an average cost per mile of approximately $14.89 at 200 hours per year. If you fly 400 hours per year, you can spread the total fixed costs over more flight hours which reduces your cost per mile to $11.86.
These budgets do not include the cost to purchase the jet, depreciation or the cost of capital (interest payments.)
In the market to buy, sell or manage a jet you own? Please contact a Jet Advisors for a free consultation and estimate. Liberty Jet offers Jet Management, Private Jet Cards and Private Jet Charter services.
