Costs Associated with the Purchase and Operation of the Challenger 605

Bombardier Challenger 605 Business Jet was introduced in 2006 as an upgraded version of the Challenger 604, manufactured by Bombardier Aerospace.

The Bombardier Challenger 605 business jet was introduced in 2006 as an updated model of the Challenger 604, manufactured by Bombardier Aerospace. The 605 model features several enhancements over the 604, including an upgraded Collins Proline 21 Avionics cockpit, a rounded tailcone, and larger cabin windows. This article will discuss the various costs associated with operating the 605 model.

Challenger 605 – is a midsize private jet, with operating costs that, according to the manufacturer, do not exceed those of smaller aircraft. It is capable of achieving a high speed of 870 km/h (470 knots), cruising at 785 km/h (424 knots) over long distances, and has a maximum range of 4,000 nautical miles (7,408 km). In its standard configuration, the aircraft can accommodate 10 passengers, with a cabin length of 25 feet and 7 inches (7.8 m).

According to the General Aviation Manufacturers Association, approximately 30 to 40+ of such aircraft (or their earlier versions) have been sold annually over the past 15 years.

Below are the total costs you can expect throughout the operational life of the Challenger 605. The figures provided in this article are sourced from Conklin & de Decker.

Operating Costs

Price A new Bombardier Challenger 605 is sold for around $27 million. Used 605 models are currently priced at about $15 million for a 2008 model.

The total annual operating costs for the Bombardier Challenger 605 amount to $3,481,595, including market depreciation ($1,240,920), or $5,342,974, including book depreciation of $3,102,300. Both figures include fixed annual costs of $724,861.

Summary of All Costs:

Type of Cost	With Book Depreciation	With Market Depreciation
Variable Annual Costs	$1,515,813	$1,515,813
Fixed Annual Costs	$724,861	$724,861
Depreciation	$3,102,300	$1,240,920
Total Annual Costs	$5,342,974	$3,481,594
Costs per Flight Hour	$12,631	$8,231

Fixed Annual Costs

The fixed costs for the Bombardier Challenger 605 mainly consist of crew salaries and bonuses ($400,400), hangar expenses ($59,900), insurance (hull – $31,023, single limit liability – $12,500), pilot training ($66,800), and aircraft upgrades ($33,333). Other costs that contribute to the fixed cost figure of $724,861 include modifications, maintenance software, navigation services, and weather services.

Details are outlined in the table below:

Cost Item	Cost
Crew Salary – Captain	$138,000
Crew Salary – First Officer	$95,000
Crew Salary – Flight Attendant	$75,000
Crew Salary – Bonuses	$92,400
Hangar	$59,900
Insurance – Hull	$31,023
Insurance – Single Limit Liability	$12,500
Pilot Training	$66,800
Aircraft Upgrades	$33,333
Navigation Services	$15,205
Modifications	$94,500
Maintenance Software	$10,500
Weather Services	$700
Total Fixed Annual Costs	$724,861

Variable Annual Costs

Variable costs for operating the Challenger 605 depend on the number of flight hours and nautical miles flown. With an operation of 175,000 nautical miles and 423 hours per year, owners should expect annual variable costs of $1,515,813. The largest of these expenses (approximately 65% of the total variable costs) are fuel costs, estimated at $2,346 per hour out of total variable costs of $3,583 per hour. The 605 model is estimated to consume 329 gallons of fuel per hour.

Below are the variable costs per hour:

Cost Item	Cost
Fuel	$2,345.77
Maintenance and Repair Labor	$111.60
Parts for Airframe/Engine/Airborne Electronics	$138.01
Engine Restoration	$438.20
Other Expenses – Landing/Parking Fees	$55.10
Ground Support Equipment	$43.82
Crew Expenses	$295.23
Supplies/Food	$155.75
Total Variable Costs per Hour	$3,583.48

The decision to acquire an aircraft for sole ownership instead of purchasing a jet card or a fractional ownership stake should be made not only after reviewing the costs but also after assessing how you will use the aircraft and whether it will meet most of your flying needs.

Buying an aircraft with a crew is a complex procedure that requires preparation and oversight from specialists. JETVIP.ru will help you select an aircraft and provide advice on all matters related to chartering, purchasing, and selling a private jet.