How much it costs to own and operate a Hawker 700A private jet

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Hawker 700A Operating Costs

Sample annual operating cost summary.
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Hawker 700A Exterior

Annual Budget

The total annual budget for flying a Hawker 700A private jet 200 hours per year is approximately $1,100,154 or $1,837,253 for flying 400 hours per year. The maximum speed of the Hawker 700A is 501 mph, but with slower climb, cruise and descending speeds it is more likely to average 401 mph which would equate to an average cost per mile of approximately $13.72 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 $11.46.

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$380,298$760,596
Maintenance$211,927$423,854
Engine Overhaul$99,874$199,749
Misc Crew/Landing/Handling$40,000$80,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$737,100$1,474,199
Fixed Costs  
Crew$233,130$233,130
Crew Training$32,237$32,237
Hangar$31,663$31,663
Insurance$4,075$4,075
Jet Management$48,000$48,000
Miscellaneous Fixed$13,950$13,950
Total Fixed Costs$363,054$363,054
Total Annual Budget$1,100,154$1,837,253
Hawker 700A Interior

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