The Gulfstream G650 made its maiden flight in November 2009. After receiving its FAA type certificate in 2012, the first one was delivered to a customer in the U.S. later that same year. At the time of its introduction, it was Gulfstream’s largest, fastest, and most expensive aircraft on the market. (The G700 has since surpassed it). In 2014, the G650 won the National Aeronautic Association’s Collier Trophy for its technological advancements and contributions to business aviation. Here is a breakdown of the costs you should expect to incur if you buy and operate a Gulfstream G650.

Purchase Price

At the time of its initial release, a new Gulfstream G650 carried a $64.5 million price tag. However, with a three-year waiting list, demand soon drove the price up to as much as $73 million. Within a few years, the excitement leveled, and the price stabilized. A pre-owned Gulfstream G650 typically costs from $40 million to $55m depending on age, condition and usage.

Gulfstream G650 floorplan

Cabin

The cabin of the Gulfstream G650 is 53ft 7 in (16.33m) in length or 46ft 10in (14.27m) excluding baggage space. With a height of 6ft 3in (1.9m), there is room to move around comfortably. Depending on the internal configuration, there is room for up to 19 passengers, with sleeping room for up to 10 people. The cabin can be divided into 4 different living areas. It comes with a full kitchen, satellite phone, wireless network, and a variety of other entertainment features.

There are 16 panoramic oval windows, ensuring great views and plenty of natural light in the cabin. The air circulation system reduces fatigue by providing 100% fresh air and a sound suppression system provides what Gulfstream claims is the quietest in aviation.

There are 195 cu ft of baggage space.

Specs

The Gulfstream G650 uses two Rolls-Royce BR725 engines, each able to produce 16,900 lb of thrust. The maximum range, based on 8 passengers and 4 crew is 7,000 nm (12,964 km). Takeoff distance is 5,858 ft (1,786 m). Long range cruising speed is mach 0.85 (488 kn / 904 km/h).

Gulfstream G650ER

In 2014, Gulfstream announced the G650ER, an extended range version of the aircraft, able to fly 7,500 nm (13,900 km) at Mach 0.85. Takeoff distance is 6,299 ft (1,920 m).

Gulfstream G650

Operating Cost Summaries

The table below shows the "Direct Mission Costs" for typical missions of 1,000 nm, 3,000 nm and 6,000 nm in the Gulfstream G650. The table includes a bundling of fuel consumed, maintenance labor, parts and reserve costs (Variable Costs), apportioned to the actual flight time for the mission length. The fuel price used for this analysis is based on an average price of $4.75 per gallon, and the flights are assumed to have 8 passengers and 4 crew. The fuel consumption figure accounts for taxi, takeoff, climb, cruise, descent, and landing.

 Range  Flight Time  Cost   Cost per nm 
 Total Variable Costs (1,000nm mission)  2 hr 10 min   $8,358   $8.36 
 Total Variable Costs (3,000nm mission)  6 hr 17 min   $23,537   $7.85 
 Total Variable Costs (6,000nm mission)  12 hr 28 min   $48,361   $8.06 

Annual Fixed Costs

These costs must be borne by an operator or flight department irrespective of the level of aircraft utilization. Included in here are salaries for flight crew, annual training, hull insurance cost computed by multiplying a liability factor per $100 of hull insurance.

 Item  Cost 
 Crew Salaries  $435,455 
 Cabin Crew Salary  $123,600 
 Director of Maintenance Salary  $205,946 
 Employee Benefits (30%)  $229,500 
 Crew Recurrent Training  $120,000 
 Cabin Crew Recurrent Training  $3,545 
 Director of Maintenance Recurrent Training  $12,880 
 Hull Insurance  $109,600 
 Liability Insurance  $22,400 
 Hangar / Office  $114,469 
  Total  $1,377,395

Also to be included are annual cockpit subscription services. These include:

 Item  Cost 
 Nav Database  $36,850 
 EGPWS/TAWS Database  $3,500 
 Flight Planning  $3,500 
 Wx Services  $1,400 
 Charts & Maps  $2,450 
  Total Cockpit Costs  $47,700 

Annual Variable Costs (per Flight Hour)

These expenses are directly related to the operation of the aircraft and are represented as an hourly cost figure. Included are fuel expense, maintenance labor expense, parts expense, and engine reserves expenses. The basis for the figures reported is actual operator experience compiled by AirPower Software. Parts, labor, and reserves are predicated on the assumption that the aircraft is no longer covered by the manufacturer’s warranty.

The fuel costs assume a price per gallon of $4.75 and an average fuel consumption of 409 gallons per hour.

 Item  Cost 
 Fuel Expense  $1,943 
 Airframe Sys. Parts & Labor  $437 
 Engine Reserves  $1,251 
 APU Reserves  $52 
 Avionics Protection Program  $170 
  Total  $3,853 

Annual Variable Costs

There are additional costs that vary based on usage, these are the "Annual Cabin Services Cost" and, the "Annual Trip Support Cost". The latter includes onboard catering, commercial flights for the flight crew, ground handling and landing/parking fees when the aircraft is away from its home airport. The breakdown is shown below:

 Cabin Services Item  Cost 
 Ka/Ku  $125,000 
 Air to Ground  $22,740 
 Sat TV  $11,652 
 Cabin / Iridium Phone  $5,150 
  Total Cabin Costs  $164,542 

 

 Trip Support Item  Cost 
 Catering Service  $62,049 
 Flight Crew Travel  $41,367 
 International Trip Support  $41,178 
 Concierge  $10,239 
 Ground Handling  $20,683 
 Landing / Parking Fees  $41,367 
  Total Other Trip Costs  $216,883 

 

Annual Costs Summary

Assuming that the aircraft is used for 400 hours per year, then the total annual costs of operation will be:

 Item  Cost 
 Total Annual Fixed Costs  $1,377,395 
 Total Annual Cockpit Subscription Services Costs  $47,700 
 Total Owner Annual Variable Cost  $1,541,100 
 Total Annual Cabin Services Costs  $164,542 
 Total Annual Trip Support Costs  $216,883 
 Grand Total Owner Flown Annual Expenses  $3,347,620 
  Owner Cost per Flight Hour  $8,369 

In summary, with annual usage of 400 hours per year, the total annual operating cost for Gulfstream G650 will be $3,347,620 and the cost per flight hour comes out to $8,369.

These numbers are courtesy of AirPower Software Group, Inc. Their tool, AircraftBudgetAnalyzer, lets you fully customize these operating costs to model your own usage and requirements. For instance, if you plan to charter out the aircraft for some number of hours, you can model this impact on the overall costs, and can also change any of the other costs or hours flown to match your expectations.