How much it costs to own and operate a Gulfstream IISP private jet

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Gulfstream IISP Operating Costs

Sample annual operating cost summary.
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Gulfstream IISP Exterior

Annual Budget

The total annual budget for flying a Gulfstream IISP private jet 200 hours per year is approximately $1,707,731 or $2,887,642 for flying 400 hours per year. The maximum speed of the Gulfstream IISP is 581 mph, but with slower climb, cruise and descending speeds it is more likely to average 465 mph which would equate to an average cost per mile of approximately $18.37 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 $15.53.

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

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Gulfstream IISP Interior

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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$509,520$1,019,040
Maintenance$379,941$759,883
Engine Overhaul$180,449$360,899
Misc Crew/Landing/Handling$80,000$160,000
Miscellaneous Variable$30,000$60,000
Total Direct Operating Costs (DOC)$1,179,911$2,359,822
Fixed Costs  
Crew$308,236$308,236
Crew Training$35,129$35,129
Hangar$70,436$70,436
Insurance$7,583$7,583
Jet Management$78,000$78,000
Miscellaneous Fixed$28,436$28,436
Total Fixed Costs$527,820$527,820
Total Annual Budget$1,707,731$2,887,642