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


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Gulfstream GV Operating Costs

Sample annual operating cost summary.
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Gulfstream GV Exterior

Annual Budget

The total annual budget for flying a Gulfstream GV private jet 200 hours per year is approximately $1,832,861 or $3,013,048 for flying 400 hours per year. The maximum speed of the Gulfstream GV is 585 mph, but with slower climb, cruise and descending speeds it is more likely to average 468 mph which would equate to an average cost per mile of approximately $19.58 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 $16.10.

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 Gulfstream V? Prices range between $9,995,000 and $11,950,000 with 17 currently advertised for sale.

View Gulfstream V private jets for sale

Sample Operating Budget

Costflying 200 hours/yearflying 400 hours/year
Direct Operating Costs (DOC)  
Fuel Cost @ $7.23/gal Updated to Nat'l Avg Each Week$723,000$1,446,000
Engine Overhaul$201,184$402,368
Misc Crew/Landing/Handling$80,000$160,000
Miscellaneous Variable$30,000$60,000
Total Direct Operating Costs (DOC)$1,180,186$2,360,372
Fixed Costs  
Crew Training$73,866$73,866
Jet Management$78,000$78,000
Miscellaneous Fixed$28,491$28,491
Total Fixed Costs$652,675$652,675
Total Annual Budget$1,832,861$3,013,048
Gulfstream GV Interior

How much can you save?

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