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

Loading

Have a question? 800-879-2345

Gulfstream G550 Operating Costs

Sample annual operating cost summary.
Change Jet Type:
Gulfstream G550 Exterior

Annual Budget

The total annual budget for flying a Gulfstream G550 private jet 200 hours per year is approximately $1,462,440 or $2,182,880 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 $13.64 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 $10.18.

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 G550? Prices range between $12,995,000 and $35,800,000 with 67 currently advertised for sale.

View Gulfstream G550 private jets for sale

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$315,040$630,080
Maintenance$95,400$190,800
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)$720,440$1,440,880
Fixed Costs  
Crew$345,000$345,000
Crew Training$104,000$104,000
Hangar$102,000$102,000
Insurance$48,000$48,000
Jet Management$78,000$78,000
Miscellaneous Fixed$65,000$65,000
Total Fixed Costs$742,000$742,000
Total Annual Budget$1,462,440$2,182,880
Gulfstream G550 Interior

How much can you save?

Get a FREE Consultation and Evaluation Own a Jet? Liberty Jet can save you thousands each year. Send us your contact details below and we will send you a free evaluation. See our Jet Management sample proposal to see how much you can save.