How much does a top end Gulf Stream jet cost to own?
I mean the price of jet plus yearly cost to fly. I ask because I know John Travolta has like a fleet of planes. I always thought they were the toys of billionaires. I realize he makes $20 mill a film but he does not make one every year. The GS 550 must cost like $50 mill.
From wikipedia:
The purchase price of a new Gulfstream G550 ranges from (USD) $45,000,000.00 to $70,000,000.00 and could be much higher depending on numerous configurations, options, paint and such. Variable operating costs (Fuel, Maint, Trip expenses) are around $2,300.00 per hour while overall ownership expenses (including maintenance, storage, crew costs and insurance) could be around $600,000 per year. This does not include costs for periodic maintenance procedures such as $1,000,000.00 for an engine rebuild, $ 200,000.00 for a paint job or $300,000.00 if you want your interior refitted.
From what I know, it sounds pretty accurate, although I would question the cost of an interior refit. I suspect it’s usually higher.
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