How much it costs to own and operate a Challenger 604 private jet

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Challenger 604 Operating Costs

Sample annual operating cost summary.
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Challenger 604 Exterior

Annual Budget

The total annual budget for flying a Challenger 604 private jet 200 hours per year is approximately $1,137,868 or $1,738,941 for flying 400 hours per year. The maximum speed of the Challenger 604 is 539 mph, but with slower climb, cruise and descending speeds it is more likely to average 431 mph which would equate to an average cost per mile of approximately $13.19 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 $10.08.

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.

Cost to Purchase

How much does it cost to buy a Bombardier Challenger 604? Prices range between $4,200,000 and $6,995,000 with 46 currently advertised for sale.

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Challenger 604 Interior

How much can you save?

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Sample Operating Budget

Costflying 200 hours/yearflying 400 hours/year
Direct Operating Costs (DOC)  
Fuel Cost @ $4.40/gal Updated to Nat'l Avg Each Week$308,000$616,000
Maintenance$89,256$178,512
Engine Overhaul$93,817$187,634
Misc Crew/Landing/Handling$80,000$160,000
Miscellaneous Variable$30,000$60,000
Total Direct Operating Costs (DOC)$601,073$1,202,145
Fixed Costs  
Crew$305,703$305,703
Crew Training$57,077$57,077
Hangar$50,018$50,018
Insurance$17,543$17,543
Jet Management$78,000$78,000
Miscellaneous Fixed$28,455$28,455
Total Fixed Costs$536,796$536,796
Total Annual Budget$1,137,868$1,738,941