How much it costs to own and operate a Gulfstream G500 private jet


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Gulfstream G500 Operating Costs

Sample annual operating cost summary.
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Gulfstream G500 Exterior

Annual Budget

The total annual budget for flying a Gulfstream G500 private jet 200 hours per year is approximately $1,530,601 or $2,368,438 for flying 400 hours per year. The maximum speed of the Gulfstream G500 is 560 mph, but with slower climb, cruise and descending speeds it is more likely to average 448 mph which would equate to an average cost per mile of approximately $17.08 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 $13.22.

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$440,000$880,000
Engine Overhaul$198,848$397,696
Misc Crew/Landing/Handling$80,000$160,000
Miscellaneous Variable$30,000$60,000
Total Direct Operating Costs (DOC)$837,837$1,675,674
Fixed Costs  
Crew Training$104,367$104,367
Jet Management$78,000$78,000
Miscellaneous Fixed$28,397$28,397
Total Fixed Costs$692,764$692,764
Total Annual Budget$1,530,601$2,368,438
Gulfstream G500 Interior

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