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Citation Sovereign Costs
Citation Sovereign Cost
Up Front: $5.45 Million - $7.45 Million
Direct: $1640 per hour
Indirect: $563,182 per year
When analyzing the cost of owning an aircraft, up-front, direct, and indirect costs must be accounted. Up- front costs are how much you may be expected to pay for an aircraft as the price of purchasing, this decreases based on number of cycles, length of service, and age of the aircraft. Direct costs are averages of how much it costs you per hour you fly. Direct costs increase with the age of the aircraft. Indirect costs are defined by how much the plane will cost regardless of flight time. This does not change normally.
| Cost | |
|---|---|
| Direct Cost | |
| Fuel | $1,235 |
| Maintenance | $232 |
| Total | $1,640 |
| Annual (Fixed) Cost | |
| Captain Salary | $78,000 |
| Co Pilot Salary | $53,000 |
| Hangar | $57,000 |
| Insurance | $55,000 |
| Misc. | $84,200 |
| Depreciation | $203,675 |
| Total | $563,182 |
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Gulfstream: A Journey Part I
Join Captain Ed Thrayes as he recounts the history of the company whose jets he has been flying for over 25 years. Learn more about early Gulfstreams including model GI and GII
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Gulfstream: A Journey Part III
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This article is a recounting of the history of Gulfstream
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