How much it costs to own and operate a Gulfstream G150 private jet

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Gulfstream G150 Operating Costs

Sample annual operating cost summary.
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Gulfstream G150 Exterior

Annual Budget

The total annual budget for flying a Gulfstream G150 private jet 200 hours per year is approximately $869,165 or $1,318,757 for flying 400 hours per year. The maximum speed of the Gulfstream G150 is 547 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 $9.93 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 $7.53.

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 G150? Prices range between $4,250,000 and $8,950,000 with 25 currently advertised for sale.

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Gulfstream G150 Interior

How much can you save?

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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$223,520$447,040
Maintenance$65,752$131,503
Engine Overhaul$115,320$230,641
Misc Crew/Landing/Handling$40,000$80,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$449,592$899,184
Fixed Costs  
Crew$244,666$244,666
Crew Training$53,970$53,970
Hangar$35,942$35,942
Insurance$22,995$22,995
Jet Management$48,000$48,000
Miscellaneous Fixed$14,000$14,000
Total Fixed Costs$419,573$419,573
Total Annual Budget$869,165$1,318,757