How much it costs to own and operate a Challenger 605 private jet

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Challenger 605 Operating Costs

Sample annual operating cost summary.
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Challenger 605 Exterior

Annual Budget

The total annual budget for flying a Challenger 605 private jet 200 hours per year is approximately $34,598,400 or $68,642,800 for flying 400 hours per year. The maximum speed of the Challenger 605 is 615 mph, but with slower climb, cruise and descending speeds it is more likely to average 492 mph which would equate to an average cost per mile of approximately $351.61 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 $348.79.

These budgets do not include the cost to purchase the jet, depreciation or the cost of capital (interest payments.)

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Cost to Purchase

How much does it cost to buy a Bombardier Challenger 605? Prices range between $6,490,000 and $8,750,000 with 30 currently advertised for sale.

View Bombardier Challenger 605 private jets for sale

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$334,400$668,800
Maintenance$14,800,000$29,600,000
Engine Overhaul$18,800,000$37,600,000
Misc Crew/Landing/Handling$80,000$160,000
Miscellaneous Variable$30,000$60,000
Total Direct Operating Costs (DOC)$34,044,400$68,088,800
Fixed Costs  
Crew$306,000$306,000
Crew Training$65,000$65,000
Hangar$50,000$50,000
Insurance$27,000$27,000
Jet Management$78,000$78,000
Miscellaneous Fixed$28,000$28,000
Total Fixed Costs$554,000$554,000
Total Annual Budget$34,598,400$68,642,800
Challenger 605 Interior

How much can you save?

Get a FREE Consultation and Evaluation Own a Jet? Liberty Jet can save you thousands each year. Send us your contact details below and we will send you a free evaluation. See our Jet Management sample proposal to see how much you can save.