How much it costs to own and operate a Hawker 1000 private jet

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Hawker 1000 Operating Costs

Sample annual operating cost summary.
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Hawker 1000 Exterior

Annual Budget

The total annual budget for flying a Hawker 1000 private jet 200 hours per year is approximately $947,537 or $1,493,087 for flying 400 hours per year. The maximum speed of the Hawker 1000 is 540 mph, but with slower climb, cruise and descending speeds it is more likely to average 432 mph which would equate to an average cost per mile of approximately $10.97 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 $8.64.

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

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Hawker 1000 Interior

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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$204,160$408,320
Maintenance$137,739$275,477
Engine Overhaul$123,651$247,302
Misc Crew/Landing/Handling$70,000$140,000
Miscellaneous Variable$10,000$20,000
Total Direct Operating Costs (DOC)$545,550$1,091,099
Fixed Costs  
Crew$242,580$242,580
Crew Training$24,768$24,768
Hangar$31,642$31,642
Insurance$0$0
Jet Management$78,000$78,000
Miscellaneous Fixed$24,999$24,999
Total Fixed Costs$401,988$401,988
Total Annual Budget$947,537$1,493,087