How much it costs to own and operate a King Air 300 private jet

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King Air 300 Operating Costs

Sample annual operating cost summary.
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King Air 300 Exterior

Annual Budget

The total annual budget for flying a King Air 300 private jet 200 hours per year is approximately $593,586 or $860,986 for flying 400 hours per year. The maximum speed of the King Air 300 is 368 mph, but with slower climb, cruise and descending speeds it is more likely to average 294 mph which would equate to an average cost per mile of approximately $10.08 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 $7.31.

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

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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$88,000$176,000
Maintenance$93,400$186,800
Engine Overhaul$61,000$122,000
Misc Crew/Landing/Handling$20,000$40,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$267,400$534,800
Fixed Costs  
Crew$197,897$197,897
Crew Training$31,250$31,250
Hangar$27,010$27,010
Insurance$10,029$10,029
Jet Management$30,000$30,000
Miscellaneous Fixed$30,000$30,000
Total Fixed Costs$326,186$326,186
Total Annual Budget$593,586$860,986
King Air 300 Interior

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