How much it costs to own and operate a Hawker 850XP private jet

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Hawker 850XP Operating Costs

Sample annual operating cost summary.
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Hawker 850XP Exterior

Annual Budget

The total annual budget for flying a Hawker 850XP private jet 200 hours per year is approximately $928,715 or $1,448,613 for flying 400 hours per year. The maximum speed of the Hawker 850XP is 520 mph, but with slower climb, cruise and descending speeds it is more likely to average 416 mph which would equate to an average cost per mile of approximately $11.16 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 $8.71.

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

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Hawker 850XP 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$243,760$487,520
Maintenance$87,704$175,407
Engine Overhaul$143,434$286,868
Misc Crew/Landing/Handling$40,000$80,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$519,897$1,039,795
Fixed Costs  
Crew$244,898$244,898
Crew Training$43,720$43,720
Hangar$31,735$31,735
Insurance$26,396$26,396
Jet Management$48,000$48,000
Miscellaneous Fixed$14,069$14,069
Total Fixed Costs$408,818$408,818
Total Annual Budget$928,715$1,448,613