How much it costs to own and operate a Gulfstream G300 private jet

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Gulfstream G300 Operating Costs

Sample annual operating cost summary.
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Gulfstream G300 Exterior

Annual Budget

The total annual budget for flying a Gulfstream G300 private jet 200 hours per year is approximately $1,651,355 or $2,691,164 for flying 400 hours per year. The maximum speed of the Gulfstream G300 is 548 mph, but with slower climb, cruise and descending speeds it is more likely to average 438 mph which would equate to an average cost per mile of approximately $18.83 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 $15.35.

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 @ $7.23/gal Updated to Nat'l Avg Each Week$740,352$1,480,704
Maintenance$78,281$156,562
Engine Overhaul$111,176$222,352
Misc Crew/Landing/Handling$80,000$160,000
Miscellaneous Variable$30,000$60,000
Total Direct Operating Costs (DOC)$1,039,809$2,079,618
Fixed Costs  
Crew$305,938$305,938
Crew Training$104,994$104,994
Hangar$78,130$78,130
Insurance$16,024$16,024
Jet Management$78,000$78,000
Miscellaneous Fixed$28,460$28,460
Total Fixed Costs$611,546$611,546
Total Annual Budget$1,651,355$2,691,164
Gulfstream G300 Interior

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