How much it costs to own and operate a 208B Grand Caravan private jet

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208B Grand Caravan Operating Costs

Sample annual operating cost summary.
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208B Grand Caravan Exterior

Annual Budget

The total annual budget for flying a 208B Grand Caravan private jet 200 hours per year is approximately $304,515 or $421,115 for flying 400 hours per year. The maximum speed of the 208B Grand Caravan is 202 mph, but with slower climb, cruise and descending speeds it is more likely to average 162 mph which would equate to an average cost per mile of approximately $9.42 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 $6.51.

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

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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$44,000$88,000
Maintenance$23,400$46,800
Engine Overhaul$24,200$48,400
Misc Crew/Landing/Handling$20,000$40,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$116,600$233,200
Fixed Costs  
Crew$79,854$79,854
Crew Training$6,690$6,690
Hangar$22,973$22,973
Insurance$18,398$18,398
Jet Management$30,000$30,000
Miscellaneous Fixed$30,000$30,000
Total Fixed Costs$187,915$187,915
Total Annual Budget$304,515$421,115
208B Grand Caravan Interior

How much can you save?

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