Costs Associated with the Purchase and Operation of the Gulfstream G450

Production of the Gulfstream G450 began in October 2004. Twelve years later, its reliability, performance, and cost continue to impress aviators and remain the best in its class. Below are details regarding the operating costs for Gulfstream G450 owners and pilots.

History

The G450 model replaced the G400 in the Gulfstream lineup. In turn, the G400 traces its roots back to the Gulfstream IV (GIV), which was first produced in 1987 and set several world records in its class.

Purchase Prices

The price of a new Gulfstream G450 currently ranges from $38 million to $43 million. A used model will cost between $14 million and $35 million on average. Models built from 2006 to 2009 can be found for around $15 million, while newer models, approximately from 2011, will range from $20 million to $25 million. Prices for used aircraft will vary depending on age, usage, maintenance, history, and quality of upkeep.

Cabin

The main cabin is 45 feet and 1 inch (13.74 m) long, or 40 feet and 4 inches (12.29 m) excluding the baggage compartment, and has a height of 6 feet and 2 inches (1.88 m). The cabin can accommodate up to 19 seated passengers and up to 6 lying down, depending on the interior configuration. The spacious cabin includes 3 lavatories, 2 restrooms, and a fully-equipped onboard kitchen.

Standard features include a satellite phone, wireless local area network, multifunction printer, and a 7-channel Honeywell satellite communication system. Enhanced noise suppression reduces cabin noise levels by an additional 18% compared to previous models, while specially designed oval windows let in twice as much natural light (compared to other aircraft in this class). Gulfstream G450 designers have also optimized fresh air circulation and cabin pressure to reduce fatigue during flights, ensuring that you arrive at your destination refreshed and ready to work.

Specifications

The Gulfstream G450 is powered by two Rolls-Royce Tay Mk 611-8C engines, each capable of producing 13,850 pounds of thrust. The maximum range, calculated for 8 passengers, 3 crew members, navigation fuel reserve, and a speed of Mach 0.80, is 4,350 nautical miles (8,056 km). For 14 passengers with luggage, this figure is 3,700 nautical miles (6,852 km)—the distance from Singapore to Dubai. The baggage compartment volume is 130 cubic feet. The takeoff distance is 5,600 feet (at sea level, with room to maneuver, at maximum takeoff weight).

Cockpit

The cockpit features the Gulfstream PlaneView avionics system, built on the Honeywell Primus Epic integrated avionics platform. The cockpit is equipped with the latest modern technology, including 4 displays, a synthetic vision system, and a heads-up display for instrument readings on the windshield. The primary flight display and technical vision system is available as an optional feature.

Operating Costs

Below are the costs to expect when operating the Gulfstream G450.

The total annual operating costs for the Gulfstream G450 are $4,221,475, including market depreciation of $1,726,000, or $6,810,475, including book depreciation of $4,315,000. The data below are calculated for operating the aircraft for 423 hours per year. Both figures include annual fixed costs of $878,884.

Fixed Annual Costs

Fixed costs for the Gulfstream G450 include salaries and bonuses for crew members ($427,656), hangar expenses ($81,300), insurance (hull – $34,520, single limit liability – $12,500), pilot retraining ($107,200), and aircraft upgrades ($33,333). Other costs include refurbishment, aircraft modernization, navigation maintenance, maintenance software, and weather service. Details are presented in the table below:

Variable Annual Costs

Variable costs for operating the Gulfstream G450 depend on the number of operating hours and distance flown. With operations of 423 hours per year and 175,000 nautical miles, you can expect annual variable costs of $1,616,591. The largest of these expenses are fuel costs, estimated at $2,280 per hour of the total variable cost of $3,822 per hour. Below are the hourly variable costs based on a fuel cost of $4.41 per gallon and consumption of 517 gallons per hour. Labor costs for maintenance and repairs are calculated at a rate of $105 per hour, taking into account the required 1.12 hours of maintenance per flight hour. Details are provided below:

As with the acquisition of any aircraft, the decision to purchase a Gulfstream G450 instead of opting for fractional ownership or a jet card should be made after assessing your needs and considering alternative options. This article provides a step-by-step guide for purchasing an aircraft.

The team at JETVIP.ru is ready to advise you on chartering, purchasing, estimating aircraft ownership costs, or selling a private jet.