How much it costs to own and operate a Westwind I private jet

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Westwind I Operating Costs

Sample annual operating cost summary.
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Westwind I Exterior

Annual Budget

The total annual budget for flying a Westwind I private jet 200 hours per year is approximately $886,474 or $1,416,988 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 $10.26 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 $8.20.

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 IAI Westwind I? Prices range between $199,000 and $450,000 with 11 currently advertised for sale.

View IAI Westwind I private jets for sale

Westwind I Interior

How much can you save?

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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$165,440$330,880
Maintenance$201,008$402,016
Engine Overhaul$119,066$238,132
Misc Crew/Landing/Handling$40,000$80,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$530,514$1,061,028
Fixed Costs  
Crew$234,842$234,842
Crew Training$27,220$27,220
Hangar$31,160$31,160
Insurance$4,780$4,780
Jet Management$48,000$48,000
Miscellaneous Fixed$9,959$9,959
Total Fixed Costs$355,960$355,960
Total Annual Budget$886,474$1,416,988