How much it costs to own and operate a Lear 55 private jet

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Lear 55 Operating Costs

Sample annual operating cost summary.
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Lear 55 Exterior

Annual Budget

The total annual budget for flying a Lear 55 private jet 200 hours per year is approximately $1,015,990 or $1,669,400 for flying 400 hours per year. The maximum speed of the Lear 55 is 527 mph, but with slower climb, cruise and descending speeds it is more likely to average 422 mph which would equate to an average cost per mile of approximately $12.05 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 $9.90.

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$271,848$543,696
Maintenance$207,295$414,590
Engine Overhaul$129,267$258,535
Misc Crew/Landing/Handling$40,000$80,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$653,410$1,306,820
Fixed Costs  
Crew$244,857$244,857
Crew Training$23,117$23,117
Hangar$27,434$27,434
Insurance$5,216$5,216
Jet Management$48,000$48,000
Miscellaneous Fixed$13,956$13,956
Total Fixed Costs$362,580$362,580
Total Annual Budget$1,015,990$1,669,400
Lear 55 Interior

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