The Gulfstream G800 is poised to make its debut in 2024, boasting an impressive range of up to 8,000 nautical miles. Charter rates for this aircraft are anticipated to begin at $16,500 per hour, putting it in direct competition with other long-range jets. Additionally, fractional ownership options present an appealing alternative for frequent jet users.
Scheduled for introduction in 2024, the Gulfstream G800 represents an advancement over its predecessor, the popular Gulfstream G650, offering enhanced performance and extended range. While charter rates are expected to align with those of similar ultra-long-range jets, alternative ownership models may also offer value.
The G800, Gulfstream’s latest offering, is slated to enter service in 2024. As an ultra-long-range private jet capable of accommodating up to 19 passengers, it first took flight in June 2022, with FAA certification anticipated in early 2024.
Building upon the success of models like the G650 and G700, the G800 shares the dimensions of the G650, albeit with a slightly shorter cabin length compared to the G700. Equipped with the Rolls-Royce Pearl 700 engine and other upgrades from the G700, it is poised to set new standards with its industry-leading range of 8,000 nautical miles (14,816 kilometers), positioning it to compete fiercely with offerings from Bombardier and the upcoming Global 8000.
Cost of Chartering the Gulfstream G800
Although the G800 has yet to enter service, discussions regarding pricing have already begun among operators. According to US-based broker Air Charter Advisors, charter rates are projected to start at $16,500 per hour. As is customary with charters, hourly rates are likely to vary for shorter durations, with additional charges such as fuel, taxes, crew expenses, ramp fees, landing charges, FBO usage, and hangar fees adding several thousand dollars to the total cost, depending on the itinerary.
This rate compares favorably with other long-range jets. For instance:
- Gulfstream G650: $17,000 per hour
- Gulfstream G700: $17,000 per hour
- Dassault Falcon 8X: $14,000 per hour
- Dassault Falcon 7X: $9,500 to $13,000 per hour
- Embraer Lineage 1000: $12,500 per hour
The upcoming Bombardier Global 8000 is expected to command a slightly higher starting rate of $17,250 per hour.
Exploring Alternative Ownership Options
Hourly chartering is just one approach to accessing the Gulfstream G800 or similar aircraft. For those seeking regular usage, full ownership or fractional ownership may present viable alternatives.
Full ownership entails bearing the entire cost of acquisition and operation. According to research by private jet company Jet Advisors, the G800 carries a list price of $72.5 million, with estimated annual fixed costs exceeding $1.4 million, covering personnel, insurance, training, and upgrades. Variable hourly operating expenses, including fuel, maintenance, parts, and trip-related costs, are estimated at around $8,000 per hour.
Fractional ownership, on the other hand, allows multiple entities or individuals to share ownership of the aircraft, with expenses divided among the owners. Each owner receives a predetermined allocation of flying hours annually. The costs associated with fractional ownership vary based on factors such as the aircraft and the extent of ownership. This model is expected to become available for the G800 upon its entry into service.
In recent years, fractional ownership programs, such as those offered by companies like NetJets and Flexjet, have evolved to cater to the needs of ultra-long-haul users, offering contracts based on day usage rather than hourly rates. For example, the Flexjet World Access program provides fractional ownership of a Gulfstream G650 with 75 days of use, alongside hourly operating costs of under $5,000.
FAQ:
Gulfstream G800 Price?
Full ownership entails bearing the entire cost of acquisition and operation. According to research by private jet company Jet Advisors, the G800 carries a list price of $72.5 million, with estimated annual fixed costs exceeding $1.4 million, covering personnel, insurance, training, and upgrades. Variable hourly operating expenses, including fuel, maintenance, parts, and trip-related costs, are estimated at around $8,000 per hour.
Gulfstream G800 cost per hour?
Charter rates for this aircraft are anticipated to begin at $16,500 per hour, putting it in direct competition with other long-range jets.
Gulfstream G800 range?
The Gulfstream G800 is poised to make its debut in 2024, boasting an impressive range of up to 8,000 nautical miles. The G800, Gulfstream’s latest offering, is slated to enter service in 2024. As an ultra-long-range private jet capable of accommodating up to 19 passengers, it first took flight in June 2022, with FAA certification anticipated in early 2024.
