The REAL COST Of Owning A Gulfstream G700

Presenting you the cost of owning, buying and using the private jet, Gulfstream G700.

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In this Business Planet video we will be answering the following questions:

- What's the cost of owning a luxury private jet, like the Gulfstream G700?
- What's the total yearly cost of the Gulfstream G700?
- What are the expenses of Gulfstream g700
- How much does cost to own and maintain a Gulfstream g700?
- What's the average price of a used Gulfstream G700?
- Expenses, total fixed costs abd yearly budget needed to maintain a private jet.

#businessplanet #luxury #business #entrepreneurship

[businessplanet]

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[shankjohn]

this video got us thinking positively and we decided to expand things with a dedicated "TA For Beginners" alao leaving a contract order running for long time fr u to make a benefits.

[Horstroad]

0:56 The Gulfstream G700 [...] can transport up to 12 passengers [...] a normal cruise speed of 600kt [...] and a 6, 600nm range.
1:54 The G700 [...] can carry up to 19 passengers [...] can cruise non stop for 7, 500nm [...] can maintain a cruise speed of 516kt.
What is it?

[airdad]

I was told by a Global 7500 operator that it costs $3-5 million a year to operate this class of aircraft depending on how much you fly. Most fly 200-300 hours a year.

[christopherjcoleman]

For how expensive this airplane is, the operating cost per year seems pretty decent to me. Im sure the people who can afford this type of aircraft spends just as much on extravagant meals each year!

[benscratchin]

The last plane I worked on was a G650 at Dallas Love Field Airport.
The Owner/Operator of these aircraft usually own a very high revenue generating Business, with a Flight Dept.
A large part of Business transportation is a tax write-off for these companies, making aircraft a little more affordable.

[goddess]

I don't know why this video came down my timeline but, this is my type of living !!! We are all here for a reason 🙏🏽

[lesbillman]

My father was a corporate pilot. He always said that if you have to ask how much it cost to have a Gulfstream then you can't afford it.

[CallardAndBowser]

It's just cheaper to charter a plane like this at $9, 500.00 per hour and split the cost with your co-passengers.
The great thing about this plane is you'll be flying faster than commercial jets do and you'll arrive at your
destination much quicker and in spacious comfortable seats. 🤓

[Elven_de_Bieuzy_An_Ozhac-h]

This annual operating cost is about 3% of the purchase price of this plane, which is much less than for a megayacht !

[sbove]

This vid does a good job on the smaller costs of owning a $75M aircraft, but glosses over or leaves out the two largest costs which are 1) time value of the purchase price (whether financed or not, this is at least 4%/year on $75M = $3M), and 2) DEPRECIATION of the aircraft which is usually approximated as 15 year straight line = $5M/year. So true total costs of owning/operating a G700 are ~$10M to $12M per year depending on how much you fly it (200 hours is low, 500 is high - unless its owned by a charter service which could fly it 2, 000 hours+/yr). Using 200 hours (~4 hours per work week) this is $50, 000 PER HOUR.

[Law]

That's not bad if you're a billionaire or even a multimillionaire raking in 40 to 100 million annually. I'm in real estate and should I ever get into the position of making that kind of money I'll be using these planes to travel to my real estate development sites often. For now, I'll stick to budget airlines.

[HumperMKB]

The most amazing take away of this clip is that
It is only 15x to 20x more to insure a jet than to insure an automobile

[BasNunnikhoven]

At this moment I'm not yet in the status to have a jet myself. But what would be the adviced yearly income to own a Gulfstream?

[edp]

Between buying The One mansion in LA for $295 million, my $500 yacht for my Europe trips, and my $75 million G700 to fly everywhere, I think i would probably need to win multiple lotteries.

[RJTheMountainSage]

Thing is f*ckn sweet, gonna go pick one up tomorrow

[ebavr]

The difference here is, for the Billionaires that buy it, are that these planes are tax writes offs as a business expense. Not only that, you can depreciate the asset to get a massive tax break.

[Karyabs]

People who buy these things ain't really looking at cost. Privacy is also a big component of buying a private jet, a yacht etc. These have no monetary value. And ego of course!

[robseven]

I appreciate that someone gathered all the details and did all the math and produced a nice visual and audio experience. But, maybe it’s my age now getting to me, but it’s really hard to keep listening to try to learn something when the voiceover doesn’t take the time to learn how to pronounce words like amortized (amortization), or “La Guardia”. It’s like hearing good music, then someone runs their nails down a chalkboard in the middle of it.

[alburooj]

Thanks for the information, I'm changing my mind about owning one for obvious reasons !!