Gulfstream GV costs

Annual budget for flying a jet

Type of cost (USD) More 200 hours per year More 400 hours per year
Direct Operating costs (DOC)    
Fuel – 5.00/gal 462000 924000
Maintenance events costs 153302 306604
Overhaul of engines costs 211243 422486
Misc Crew/Landing/Handling costs 84000 168000
Miscellaneous Variable 31500 63000
Total Direct Operating costs 942045 1884091
Fixed Costs (FC)    
Cost of crew 360850 360850
Trainings of the crew costs 77559 77559
Hangar costs 107328 107328
Insurance costs 27756 27756
Manage of the jet 81900 81900
Miscellaneous costs 29916 29916
Total Fixed costs 685309 685309
Average total costs 1627354 2569400

 

The amount of flight hours of the aircraft correlates with the value of the average hourly cost of the flight.

Fixed costs.

This is a type of expense that does not depend on the number of hours you have flown. They include personnel costs, training for pilots and flight attendants, storage and basing of the aircraft and so on.

Staff and crew.

The appearance of these costs is affected by the quality indicator of the qualifications of the aircraft crew. The higher his professional level, the more he spends.

Many insurance companies require you to comply with a certain level of qualification of personnel, pilots and mechanics. This can also be an additional expense. Insurance costs may vary depending on the type of insurance and the amount of insurance.

You can hire an outsourcing company that will manage the pilots and the other crew.

You can also hire pilots yourself, but in this case you will have to monitor their professional suitability yourself.

The range of the charms greatly affects the cost of one hour of use of the aircraft. The shorter the distance, the lower the crew salary. In addition, it is necessary to take into account the cost of maintaining the crew away from the location of the aircraft.

Staff development and training also applies to fixed costs. If you use the services of outsourcing companies, then these costs can be leveled when accounting for expenses.

Location of the aircraft.

Fixed expenses are affected by the aircraft banging spot. If you prefer airfields in cities with high density, then such services will cost more.

Fuel.

Fuel costs will depend on the location of your aircraft. As a rule, you will purchase it at your airport. In case you buy in bulk with fuel cards, your expenses can be significantly reduced.

Maintenance.

Scheduled activities can be predicted in advance by you and included in the fixed costs. Unlike unscheduled work that can increase maintenance costs. If you hire a manager of a large aircraft maintenance management company, you can reduce costs by using their technical base.

Engine overhaul.

This type of cost can be timed. You will transfer to the special fund a certain amount of money for further repair of engines, and when the time comes, this background will cover your expenses for major repairs.