How much it costs to own and operate a Gulfstream G550 private jet


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Gulfstream G550 Operating Costs

Sample annual operating cost summary.
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Gulfstream G550 Exterior

Annual Budget

The total annual budget for flying a Gulfstream G550 private jet 200 hours per year is approximately $1,665,068 or $2,588,136 for flying 400 hours per year. The maximum speed of the Gulfstream G550 is 670 mph, but with slower climb, cruise and descending speeds it is more likely to average 536 mph which would equate to an average cost per mile of approximately $15.53 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 $12.07.

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

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Cost to Purchase

How much does it cost to buy a Gulfstream G550? Prices range between $13,995,000 and $35,500,000 with 66 currently advertised for sale.

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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$517,668$1,035,336
Engine Overhaul$200,000$400,000
Misc Crew/Landing/Handling$80,000$160,000
Miscellaneous Variable$30,000$60,000
Total Direct Operating Costs (DOC)$923,068$1,846,136
Fixed Costs  
Crew Training$104,000$104,000
Jet Management$78,000$78,000
Miscellaneous Fixed$65,000$65,000
Total Fixed Costs$742,000$742,000
Total Annual Budget$1,665,068$2,588,136
Gulfstream G550 Interior

How much can you save?

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