The total annual budget for flying a Global 7500 private jet 200 hours per year is approximately $2,081,470 or $3,110,984 for flying 400 hours per year. The maximum speed of the Global 7500 is 708 mph, but with slower climb, cruise and descending speeds it is more likely to average 566 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 $13.73.
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.