The total annual budget for flying a Westwind I private jet 200 hours per year is approximately $992,882 or $1,629,804 for flying 400 hours per year. The maximum speed of the Westwind I 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 $11.49 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 $9.43.
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.