How much it costs to own and operate a Gulfstream GVSP private jet

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Gulfstream GVSP Operating Costs

Sample annual operating cost summary.
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Gulfstream GVSP Exterior

Annual Budget

The total annual budget for flying a Gulfstream GVSP private jet 200 hours per year is approximately $1,840,100 or $2,973,903 for flying 400 hours per year. The maximum speed of the Gulfstream GVSP is 585 mph, but with slower climb, cruise and descending speeds it is more likely to average 468 mph which would equate to an average cost per mile of approximately $19.66 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 $15.89.

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 Gulfstream V? Prices range between $8,750,000 and $9,995,000 with 13 currently advertised for sale.

View Gulfstream V private jets for sale

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$727,338$1,454,676
Maintenance$95,228$190,455
Engine Overhaul$201,238$402,476
Misc Crew/Landing/Handling$80,000$160,000
Miscellaneous Variable$30,000$60,000
Total Direct Operating Costs (DOC)$1,133,804$2,267,608
Fixed Costs  
Crew$344,916$344,916
Crew Training$104,197$104,197
Hangar$102,784$102,784
Insurance$48,038$48,038
Jet Management$78,000$78,000
Miscellaneous Fixed$28,361$28,361
Total Fixed Costs$706,296$706,296
Total Annual Budget$1,840,100$2,973,903
Gulfstream GVSP Interior

How much can you save?

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