How much it costs to own and operate a Lear 31 private jet

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Lear 31 Operating Costs

Sample annual operating cost summary.
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Lear 31 Exterior

Annual Budget

The total annual budget for flying a Lear 31 private jet 200 hours per year is approximately $867,054 or $1,417,491 for flying 400 hours per year. The maximum speed of the Lear 31 is 515 mph, but with slower climb, cruise and descending speeds it is more likely to average 412 mph which would equate to an average cost per mile of approximately $10.52 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 $8.60.

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 @ $7.23/gal Updated to Nat'l Avg Each Week$292,092$584,184
Maintenance$105,347$210,694
Engine Overhaul$107,998$215,997
Misc Crew/Landing/Handling$40,000$80,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$550,437$1,100,875
Fixed Costs  
Crew$201,290$201,290
Crew Training$22,932$22,932
Hangar$24,175$24,175
Insurance$10,252$10,252
Jet Management$48,000$48,000
Miscellaneous Fixed$9,968$9,968
Total Fixed Costs$316,616$316,616
Total Annual Budget$867,054$1,417,491
Lear 31 Interior

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