The Real Price of Owning the Gulfstream G550
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This was a very helpful breakdown of the annual operating costs of a premier business jet.
10:00 Citation X ?.. I’d say it costs quite a bit more than a Citation X to operate. Think they pulled the ending from his Citation video
You can essentially have a private jet for free if you are leasing it out to charter companies when you are not using it. Plus if you incorporate it into your business you can write off most of the expenses.
Leasing will NEVER cover the cost of Jet ownership, rather offset it!
its not gonna be free just less expensive
Imo I doubt whomever can afford the newest G series GulfStream Jets is seriously thinking of chartering them out, the new G400 ($35M new) series on up are the creme la creme of private Jets, they can fly 51000 feet at 650+ mph for 4200 (that covers NY to London without stopping) miles minimum, sure owners can charter them however they are so rich they don’t need to. I seriously doubt it ever crosses their mind. The person who owns one of these Jets has a minimum $400M in the bank, they pay a pilot or two pilots $250K each after taxes minimum yearly salary, they just sit in the Jet hangar office the owner leases waiting for the call to get ready.....ring, ring, ring, ........get the Jet ready, .......fuel her up, ........we’re going to Madrid. 😊
You will never offset 100% of the cost by charter or by tax write offs. One thing you can’t control is depreciation which is accelerated by leasing it out as more hours and use are accumulated. You can never offset the total and complete cost associated with ownership unless you follow the Netjet model and obtain 150% of fractional owners then fly as many hours as you can all the time using up every ounce of use of the jet.
This is a rehash of Cessna Citation X video. Even the final statement comments on ‘cost of owning a Citation X’.
I noticed it too
The numbers of my 6ER are comparable, that’s pretty close. Thanks for the video.
Thank you for sharing.
Yes, this aircraft is so nice to see.
Excellent.
10:00 The plane is a Citation 10, not X (X is the Roman numeral for 10).
If you fuel up, sometimes the landing fee is waived.
A rice cooker in the galley?
Super ❤❤❤❤❤
1:52: His name is pronounced "Collier" (CALL- yer). His parents were Irish, not French.
I guess you call-yer as you see 'er.
Price ?
Love love
Do you still have jets
If someone is looking for a pilot in Europe. that's me! I fly a piper m600 g3000 in Europe
Your smoking dope if you think your getting two G550 pilots for 200k total your about 150K short on that number.. Decent Capt easily 200K and good FO 150k per year.. You can easily get a Flight attendant for 75k....
For players like Me 😊
The guy who commented that putting your G550 on charter and then writing off the rest of your ownership costs-Watch out for these guys! Just not true anyway you look at it! Don’t drink the Kool-Aid!
Why is that?
Embraer are much better than any Gulfstream in cost, comfort, speed and affordability
Cabin is lovely and spacious, but if I’m looking for speed , the Citation X + is surely the way to go.
After a trans-Atlantic flight of several hours, cabin comfort will win over a slight speed advantage every time.
You are showing a 7500 not a 550 towards the end of the video .
G's are over priced. I'd prefer an every bit as comparable 7500 or 10X for millions less.
At the end of the video you quoted a cost for a cessna citation 10 not a g550 . shame on you .
Ok envoyé moi une flotte de dix-sept plus gros et plus luxueux avions que vous avez.👍
round it off to $ 3 million per year. thanks.let me check..nope,not going to make budget this year.where is the repo men.
Go with the falcon 10x
8X
sounds like a tax write off. lol
The only problem with your channel is you done know how to pronounce most of the other airlines and even Gulfstrram itself. For instance it’s not a Gulfstrram “V”. It’s the Gulfstrram V (“5”)