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

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Gulfstream IVSP Operating Costs

Sample annual operating cost summary.
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Gulfstream IVSP Exterior

Annual Budget

The total annual budget for flying a Gulfstream IVSP private jet 200 hours per year is approximately $1,381,254 or $2,196,362 for flying 400 hours per year. The maximum speed of the Gulfstream IVSP is 552 mph, but with slower climb, cruise and descending speeds it is more likely to average 442 mph which would equate to an average cost per mile of approximately $15.64 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 $12.43.

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 Gulfstream IVSP? Prices range between $3,295,000 and $32,950,000 with 38 currently advertised for sale.

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Gulfstream IVSP 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.

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$475,200$950,400
Maintenance$119,677$239,353
Engine Overhaul$110,231$220,462
Misc Crew/Landing/Handling$80,000$160,000
Miscellaneous Variable$30,000$60,000
Total Direct Operating Costs (DOC)$815,108$1,630,216
Fixed Costs  
Crew$307,377$307,377
Crew Training$49,490$49,490
Hangar$78,418$78,418
Insurance$24,251$24,251
Jet Management$78,000$78,000
Miscellaneous Fixed$28,610$28,610
Total Fixed Costs$566,146$566,146
Total Annual Budget$1,381,254$2,196,362