Gulfstream G650 Ownership & Operating Costs - Compare Private Planes (2023)

Deliveries of the Gulfstream G650 began in 2012, with deliveries continuing to present day. 199 G650 aircraft are currently in active service.

The G650 can accommodate up to 19 passengers, with a maximum baggage capacity of 195 cubic feet.

When in its optimum configuration, the Gulfstream G650 can cruise non-stop for up to 7,000 nautical miles (8,055 miles / 12,964 km). However, when configured for the fastest cruise speed, the G650 can maintain a cruise speed of 516 knots.

The Gulfstream G650 can cruise at up to 51,000 feet. Additionally, the G650 has an average hourly fuel burn of 475 Gallons per Hour (GPH).

Thanks to its Rolls-Royce BR725 engines, the G650 has a total thrust output of 33,800 lbs.

In terms of cost, the G650 has an estimated hourly charter price of $10,500. Furthermore, back when deliveries of the Gulfstream G650 began, the list price for a new example was $65 million.

Jump straight to the total cost table of the Gulfstream G650.

Gulfstream G650 Ownership & Operating Costs - Compare Private Planes (1)
  • Cost Overview
  • Fixed Cost Breakdown
  • Variable Cost Breakdown
  • Total Costs
  • Annual Budget Calculator

Gulfstream G650 Cost Overview

When it comes to operating the Gulfstream G650, there are two expense categories to consider – fixed costs and variable costs.

Fixed costs are those that you pay no matter what. Whether the aircraft flies or not has no effect on fixed costs. These costs do not change in relation to the number of hours the aircraft flies.

So, therefore, whether you fly the aircraft 50 hours per year or 500 hours, the fixed costs will remain the same.

The estimated annual fixed cost for operating the G650 is $773,810.

Variable costs, on the other hand, are directly proportional to the number of hours the aircraft flies per year.

The best example of a variable cost in this case is fuel use. One of the biggest costs when flying by private jet is fuel. See this to learn about private jet fuel costs.

Clearly, the more you fly the aircraft, the more fuel it will use. Therefore, flying 500 hours per year will result in variable costs 10 times greater than if you were to fly 50 hours per year.

Therefore, the estimated variable cost for private jets is presented as an hourly figure. This is how much extra the aircraft will cost you per flight hour.

Therefore, the estimated hourly variable rate for operating the Gulfstream G650 is $4,131.

(Video) The Real Cost Of Owning A Gulfstream G650

Of course, this hourly variable cost is different to that of the estimated hourly charter price. This is because, per hour, charter flights cost more. There are further parties involved. The hourly charter price is the aircraft’s hourly variable cost, along with factoring in fixed costs and broker fees.

G650 Fixed Cost Breakdown

When it comes to fixed costs, there are six criteria that have been identified as the biggest contributors to the annual cost of operation.

These costs are crew salary, crew training, hangar, insurance, management and then the additional, miscellaneous fixed costs.

These costs are explained in further detail below the table.

The table below details the estimated cost of each fixed cost for the Gulfstream G650.

Fixed CostAnnual Spend
Crew Salary$346,603
Crew Training$112,907
Miscellaneous Fixed$65,000

Crew Salary

The crew salary is just that – the annual salary of your crew members. Of course, given that you own and operate the aircraft, you are responsible for the employment of the crew.

Therefore, this is a significant cost as you will be hiring talented and professional crew members. Moreover, this is a cost that will vary depending on the size of the aircraft.

Generally speaking, crew for larger aircraft costs more than crew for smaller aircraft. Additionally, smaller jets will likely only require one pilot to safely operate the aircraft. However, larger aircraft will require at least two pilots. Additional crew members may include a relief pilot and flight attendant.

Crew Training

Having well trained crew members is important. Again, they are integral to the safe and efficient operation of your aircraft.

Keeping aircraft type ratings valid and ensuring that crew members maintain their high standards is key.

This is a cost that will keep on occurring every year, whether your aircraft flies or not.

Hangar Costs

The storage of a private jet when not in use is important to consider.

Where are you going to leave your multi-million dollar aircraft when it isn’t in the sky?

Of course, you want it to be somewhere safe, secure and convenient. Therefore, for most private jet owners a hangar is a preferable option over leaving it outside.

Naturally, there are many factors that will influence the annual cost of hangarage. Factors such as aircraft size, airport location and service amenities will all impact the cost.

As a result, the hangar cost stated is a general average for the aircraft type. However, this fee can fluctuate significantly.

Insurance Costs

In simple terms, there are two types of insurance that private jets must have.

(Video) The Insiders' Guide Aircraft Comparison: Gulfstream G650 vs Dassault Falcon 8X

The first is liability insurance. This provides cover against loss, damage or injury to third parties. Third parties in this case include passengers, cargo and baggage. While exact details will vary from policy to policy, cover is generally not provided for the pilot in command or the actual aircraft.

This then leads to the second part of private jet insurance – hull insurance. Hull insurance policies are agreed on a value basis. That is, the value of the aircraft. Therefore, in the event of a total loss, insurers will pay the agreed value as opposed to the current market value.

This are two essential pieces of insurance for private jets. However, owners may also wish to consider aviation hull war insurance and crew insurance.

Aviation hull war insurance provides cover for loss of the aircraft due to war, hijack, confiscation, malicious damage and other similar risks. This is typically chosen by owners who will be flying private jets into hazardous destinations.

Crew insurance allows pilots and crew members to be provided with an enhanced employee benefit package. Such as including loss of licence cover, personal accident cover and travel insurance.

Management Costs

Aircraft management is an essential component when owning and operating a private jet.

An aircraft management team provide all the necessary services required to fly the aircraft. For example, sourcing and managing pilots to making sure the aircraft is airworthy, are all tasks provided by your aircraft management company.

Of course, there is the option of so called self-management. This is where the management tasks are left with your pilot in command. However, this option is rarely selected. Therefore, in the ownership cost example we assume an aircraft management company is involved.

Your aircraft management team will typically perform the following tasks:

  • Flight bookings
  • Flight planning
  • Charter marketing / sales
  • Crew scheduling
  • Aircraft airworthiness reviews and tasks
  • Maintenance scheduling
  • Invoice management
  • Crew management

Additionally, your aircraft management team will likely provide many more small activities in order to ensure a smooth operation of the aircraft.

Of course, there are many factors that will affect the total price of your aircraft management fee. Primarily the difference in cost will depend on the aircraft type, use and region of operation.

Miscellaneous Fixed Costs

The miscellaneous fixed costs are made up of everything that doesn’t fit into the above categories.

Things such as the fees for charts, software and computers to manage your aircraft will be in this category.

When owning a private jet there will likely be surprise costs and upgrades that occur throughout your ownership experience.

Therefore, it is good practice to factor in additional, unexpected costs per year.

G650 Variable Cost Breakdown

Variable costs are those that change depending on the usage of the aircraft. Variable costs can be broken down into hourly chunks.

This, therefore, results in an hourly variable cost figure. This figure is the cost per hour that the aircraft is flown.

(Video) What it REALLY Cost To Own A Private Jet in 2022 (Gulfstream G650, Cessna Citation XLS)

There are five factors that we have built into the hourly variable cost figure. These values are the cost of fuel, maintenance, engine overhaul, crew, landing & handling fees, along with other various costs.

All these variables are proportional to the number of hours flown. For example, the more you fly the aircraft, the more fuel it will use.

See below for a table of the estimated hourly variable costs when operating the Gulfstream G650.

Below the table you will find an explanation of each variable.

Variable CostHourly Spend
Fuel Cost$387,000
Engine Overhaul$193,200
Crew/Landing/Handling Fees$110,000
Miscellaneous Variable$30,000

Fuel Costs

Fuel costs are a significant hourly expense when operating a private jet. The more hours you fly, the more fuel the aircraft burns.

Of course, the amount of fuel that the aircraft burns per hour will vary greatly depending on its average hourly consumption, measure in Gallons per Hour (GPH).

Read this article to learn more about how much private jet fuel costs.

Or read this article to see the different fuel burn figures for all private jets.

Different aircraft burn different volumes of fuel per hour. However, a general rule of thumb is that the larger the aircraft, the greater the hourly fuel consumption.

Of course, depending on location, fuel prices vary dramatically. Therefore, this cost will be slightly adjusted depending on the fuel cost at the FBO.

Maintenance Costs

In order to ensure that aircraft are safe to fly they require maintenance at regular intervals.

These intervals are scheduled and depend on the manufacturer’s guidelines. Moreover, maintenance is scheduled based on number of hours flown.

For example, a certain aircraft may need an inspection every 100 hours. Therefore, you can plan around when the aircraft requires maintenance.

Additionally, these maintenance events are in direct relation to the number of hours that the aircraft is flown.

Therefore, the more the aircraft flies, the more maintenance it will require.

However, this cost also takes into account any unexpected maintenance events. For example, a bird strike or blown tire will introduce an unexpected maintenance check.

Engine Overhaul Costs

An engine overhaul is a scheduled event that is essentially the maintenance and inspection of the engine.

(Video) The Real Price of Owning a Gulfstream G650

Given the term ‘overhaul’, the event is more serious than a quick visual inspection. And, in a major engine overhaul, a complete disassembly and inspection of the engine.

Again, much like maintenance of the airframe, the more an engine is used, the more wear and tear the engine will experience. Therefore, the more hours flown, the quicker an engine overhaul will be required. Additionally, the more hours flown the more often an engine overhaul will need to be performed.

If you are interested in learning more about engine overhauls, then read this article.

Crew/Landing/Handling Costs

Crew fees, landing fees, and handling fees are highly dependant on the route taken. Therefore, it is hard to given an accurate figure.

Crew fees are those that you need to pay the crew during an extended stay. Additionally, crew fees are highly dependant on the length of stay and the location. For example, crew overnight expenses, such as hotels and food, will cost far more in New York City than Wichita, Kansas.

Secondly, when landing at an airport, aircraft are charged a landing fee. This fee is usually based on the weight of the aircraft. Therefore, larger aircraft have greater landing fees than smaller aircraft.

Landing fees will vary from airport to airport. For example, if you were to regularly fly out of La Guardia airport, New York, the cost of landing fees would be greater than if you regularly flew from Wichita National Airport.

And finally, handling fees go hand in hand with landing fees. When on the ground you will need the aircraft to be parked securely, bags unloaded and various ground services. There are typically provided by the FBO (fixed-base operator). Of course, all these services will come at a price.

Again, the price of handling fees will vary depending on airport and aircraft size.

Miscellaneous Costs

Miscellaneous variable costs are very similar to the miscellaneous fixed costs. No matter how well you plan and budget, there will always be some unexpected costs involved.

Therefore, this budget accounts for the unexpected.

Gulfstream G650 Total Costs

Annual CostFlying 200 hours per year
Crew Salary$346,603
Crew Training$112,907
Miscellaneous Fixed$65,000
Total Fixed Costs$773,810
Fuel Cost$387,000
Engine Overhaul$193,200
Crew / Landing / Handling$110,000
Miscellaneous Variable$30,000
Total Variable Costs$826,200
Total Annual Costs$1,600,010

Gulfstream G650 Annual Budget Calculator

Use the calculator below to calculate the estimated annual budget to operate the Gulfstream G650.

Simply enter the number of hours per year and receive click “Get Annual Budget”. Below you will then see the estimated annual budget for owning and operating the G650.

The final value takes into account both fixed and variable costs. Please note that the final value is an estimate only. Additionally, note that all values are in USD.

Gulfstream G650 Annual Budget:

$0 per Year

Learn more about the Gulfstream G650.

You Might Also Be Interested In

  • Gulfstream G600 Vs Gulfstream G650
  • The Private Jet With The Longest Range
  • Gulfstream G500 Vs Gulfstream G600


1. Bombardier Global Express vs Gulfstream G650 Private Jets
(How To Spend It)
2. We Revealed How Much It Actually Takes to Own a Gulfstream G700...You WON'T Believe the Results!
(World Of Luxury)
3. DASSAULT FALCON 7X VS GULFSTREAM G650ER Private Jets Comparison
4. Is A Private Jet Worth It? - Gulfstream G650ER
(Alpha Money Academy)
5. The Real Cost Of Owning A Gulfstream G700
(How To Spend It)
6. Beyond FIRST CLASS: Onboard Qatar Executive Gulfstream G650
(Trek Trendy)
Top Articles
Latest Posts
Article information

Author: Lidia Grady

Last Updated: 17/05/2023

Views: 5984

Rating: 4.4 / 5 (65 voted)

Reviews: 80% of readers found this page helpful

Author information

Name: Lidia Grady

Birthday: 1992-01-22

Address: Suite 493 356 Dale Fall, New Wanda, RI 52485

Phone: +29914464387516

Job: Customer Engineer

Hobby: Cryptography, Writing, Dowsing, Stand-up comedy, Calligraphy, Web surfing, Ghost hunting

Introduction: My name is Lidia Grady, I am a thankful, fine, glamorous, lucky, lively, pleasant, shiny person who loves writing and wants to share my knowledge and understanding with you.