Private Jets? Any advice? Or experience?

Private Jets? Any advice? Or experience?

Author
Discussion

lambo_xx

Original Poster:

2,199 posts

197 months

Friday 1st April 2016
quotequote all
Looking to see if anyone has any advice on where to look, whether it is websites, forums, companies etc with regards to private jets? Trying to learn more about the running costs on things like a Cessna Citation X and Gulfstream G550.

Thanks

Geneve

3,859 posts

219 months

Friday 1st April 2016
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http://aviationweek.com/business-commercial-aviati...

You can also subscribe to their monthly publication. They carry out regular surveys that may answer some of your questions.

Flooble

5,565 posts

100 months

Friday 1st April 2016
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If sir has to ask sir cannot afford :-)

P1 magazine might be worth a look, I used to get it but they stopped sending it to me :-( It appears to be back as an "App".

http://p1-mag.com/




Crumpet

3,894 posts

180 months

Saturday 2nd April 2016
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PM me if you want to speak to some people who'll give you a good idea of the figures involved. I'm at the pointy end so can only give you rough numbers, but I can also tell you which operators to avoid when it comes to management etc...

LimaDelta

6,520 posts

218 months

Saturday 2nd April 2016
quotequote all
My previous Boss had a Gulfstream G550 and a Pilatus PC-12 for shorter trips. When talking to his Chief Pilot/Ops Manager guy, the running costs were remarkably similar to those on our 90m yacht. I can't help with exact figures (it will obviously vary with use) but we had a seven-figure operating budget. Owning them is certainly not cheap, but then, I'm sure you never expected it would be!


williaa68

1,528 posts

166 months

Saturday 2nd April 2016
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I was part of a small group that flew in a G550 to the middle of nowhere in Russia about a year ago. I don't travel private very often and thought the plane was lovely, although to be honest first on a good commercial carrier is probably better if less convenient. I think our trip came in at about $650,000 return. I understand that the G550 was chosen for its range. If you decide to go ahead and want finance I can probably put you in touch with someone,

Aeroresh

1,429 posts

232 months

Saturday 2nd April 2016
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A lot of the costs will be down to utilisation of the aircraft. You might find a fractional ownership type arrangement could suit you better. Check out Netjets, etc which seems a good halfway house if you're not flying every day.

Edited by Aeroresh on Saturday 30th April 06:23

Doofus

25,805 posts

173 months

Saturday 2nd April 2016
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I used a Cessna Businessjet for a single day from SE England to Germany a dozen years ago. Cost was a shade over £10k. That was cost, with no margin, as the plane belonged to a contact.

jinkster

2,247 posts

156 months

Sunday 3rd April 2016
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Extremely expensive considering running costs and it stood stationary if not used. I would personally look at somewhere like Netjets for the odd trip. I'm sure that Gulfstream, Cessna etc would help with running costs.


Doofus

25,805 posts

173 months

Sunday 3rd April 2016
quotequote all
The Cessna that I mentioned was purchased new, as a cancelled order. Cost was around £10m. The original customer had ordered a Platstation installation, but the eventual buyer didn't want it. It had cost £36k to install. Yes, thirty six grand! Having a toilet and basin installed was well into six figures. These were at the build stage, not aftermarket.

All that jazz

7,632 posts

146 months

Sunday 3rd April 2016
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lambo_xx said:
Looking to see if anyone has any advice on where to look, whether it is websites, forums, companies etc with regards to private jets? Trying to learn more about the running costs on things like a Cessna Citation X and Gulfstream G550.

Thanks
You need seriously deep pockets to run something top of the range like those. Only the richest of the rich have stuff like that to roll around in. The Citation is currently the fastest bizjet on the market although I think that G6 may have pipped it now.

Defo look at Netjets Europe. They have pretty much every size bizjet going to cater for all markets.

nikaiyo2

4,717 posts

195 months

Sunday 3rd April 2016
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I don't think anyone can answer your question without some kind of idea what the aircraft is going to be used for

We used operate a G500 in Saudi Iirc the cost to operate was $3500 per hour ish. Or Super 27 was about $60,000 per hour.

A lot depends on what you are using the aircraft for, the G5 was a taxi, the 27 was something more.

Equally we used to work with a Russian company who had a Global 5000 that would take £50,000 of drinks for a 4 hour flight for 5pax...

I have not been directly involved in private jets for nearly 10 years, but back then Net Jets Europe were terrible, unless they have really improved I would rather fly bus. class than with them. Horrid AC, horrid flight attendants, crap airports in crap locations, not something I would wish to expose my clients to.

Edited by nikaiyo2 on Sunday 3rd April 15:24

J4CKO

41,532 posts

200 months

Sunday 3rd April 2016
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williaa68 said:
I was part of a small group that flew in a G550 to the middle of nowhere in Russia about a year ago. I don't travel private very often and thought the plane was lovely, although to be honest first on a good commercial carrier is probably better if less convenient. I think our trip came in at about $650,000 return. I understand that the G550 was chosen for its range. If you decide to go ahead and want finance I can probably put you in touch with someone,
Six hundred and fifty thousand dollars for a return trip ? hope that included Pringles and some of those little bottles of wine.

I know Private planes are expensive but half a million quid for a trip ?

Neptune188

280 posts

177 months

Monday 4th April 2016
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PM Sent, this is right up my alleyway.

flatsix3.6

756 posts

181 months

Monday 4th April 2016
quotequote all

Equally we used to work with a Russian company who had a Global 5000 that would take £50,000 of drinks for a 4 hour flight for 5pax...


Sounds a lot but a few good bottles of champagne would not leave much change out of 50k.

Soov535

35,829 posts

271 months

Monday 4th April 2016
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NetJets buy time card (the "Marquis" card).

Fixed prices, large fleet, available at short notice, no downtime. Buy in 25 hour packages. You can split between small/large aircraft.

Perfect.

Starting price is around £150k for 25 hours.




Edited by Soov535 on Monday 4th April 16:33

J4CKO

41,532 posts

200 months

Monday 4th April 2016
quotequote all
flatsix3.6 said:
Equally we used to work with a Russian company who had a Global 5000 that would take £50,000 of drinks for a 4 hour flight for 5pax...


Sounds a lot but a few good bottles of champagne would not leave much change out of 50k.
Er, I know Russians like drink but how could 5 people put away 50 grands worth in 4 hours without dying ?

Even top of the range vintages are like three grand, was it something really rare or just massive volume ?

Trevatanus

11,121 posts

150 months

Monday 4th April 2016
quotequote all
J4CKO said:
flatsix3.6 said:
Equally we used to work with a Russian company who had a Global 5000 that would take £50,000 of drinks for a 4 hour flight for 5pax...


Sounds a lot but a few good bottles of champagne would not leave much change out of 50k.
Er, I know Russians like drink but how could 5 people put away 50 grands worth in 4 hours without dying ?

Even top of the range vintages are like three grand, was it something really rare or just massive volume ?
Surely a bottle of wine can cost a lot more than that? Actually I remember seeing a bill for Abramovich having lunch in New York a few years back, and I'm sure there was a thirty grand bottle of wine on there?

Simpo Two

85,404 posts

265 months

Monday 4th April 2016
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It's worth what any mug will pay for it. The more you pay the more important you must be.

iphonedyou

9,248 posts

157 months

Tuesday 5th April 2016
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Simpo Two said:
It's worth what any mug will pay for it. The more you pay the more important you must be.
Some rough logic, there.