It’s consumer reports like this that are vital to me. I would’ve, like a fool, purchased one of these without hardly any consideration for the hull insurance
My husband has worked at Gulfstream for 47 years and is still there. His main job now is making sure that all new jets are in the FAA standards to fly before he signs off on them. He plans on staying on until he hits 50 yrs even though he is at the age of retirement
I have been in aviation in different aspects for about 20 years and I always have to explain to everyone why buying a jet and/or yacht is a horrible idea if you have or win money. Very rarely do I see a video explaining these costs appropriately. I was really expecting this video to suck balls. Thank you Jet Base!
There was no mention of food, liquor/wine/sodas … or hookers. Sorry, I meant ‘personal assistants’ … that bill hourly. Things can definitely get pricy owning a private jet. Thanks for the video.
'hookers', don't you mean escorts, and really top end ones at that? Their real job title should be professional companion, and who are also very good at sexual...things. 😉
I've never ridden on a Gulfstream. I've been in a couple of them...a G1 and a G2. I've been in a Canadair Challenger, Lear 60, Lear 35, King Airs of various sizes, Jetstar, Beech Starship, Hawker 700, Falcon 900 and a corporate lined Boeing 727, as well. I've flown in a Turbo Commander, a Lear 24, a Cessna Citation II, and a Falcon 50. The Falcon was a nice ride. I'll never forget it. I miss aviation sometimes but I don't miss the way I was treated by many of the rich. Many nice people but some real bastards, too.
Here I am on a 40k salary watching a video about owning a gulfstreem and don’t know how I got here 🤷♂️ maybe it’s a sign that I should start playing the lottery 😅
If you are rich, owning one jet like this makes little or no sense. If you wanna get into the private jet game, you need to buy 2. One for personal use and one for charter. Take the income earned from the charter to offset the running cost of the next one.
I can tell you if you’re flying a Gulfstream, it’s going to cost you much much than this. I know someone who had to replace a section of carpeting on their G5 that was stained and it was literally $80k.
I'll prefer Global 8000 over it. Global 8000 is bigger in size, faster than any commercial and private jet (1.0 Mach), a good range of 8000 nmi, safest and the wide cabin. ❤
Most importantly Bombardier didn’t cheap out with RR engines. Global 8000 gets actual State of Art GE engines, while Gulfstream & Desault chose RR Pearls to support their margins, performance, servicing costs and reliability be damned🤦♂️
Very Informative, this video has everything I was looking for except one thing, how to earn the 72 million dollars to purchase this G800 ! I would say, 99% satisfied.
It's hard to believe there is even a market for aircraft like this. The only people that can afford them are multi-billionaires. It costs $1.42 million a year ($3,890 a day) to own (not counting the initial purchase price and depreciation) PLUS, $7,000 an hour ($116 per minute) to actually fly in it.
Looking at the way US Govt operates as per it's whims & sanctions anyone who doesn't toe their line, non Americans should prefer non USA jets. But thanks for this video.
Your cost estimates are way off....much to low. Insurance, crew and maintenance are far higher, aprox. double, insurance is aprox. 0.6- 0.8 of hull value so around 400.000 , fix cost are more likely around 2 mio +. Maintenance at 200 ?? Engine service 2000??? A car can cost more...you mean 20.000 and 10.000 per engine
charter for 19 passangers, each pay $1000 thats $19000 a flight which is good returns so owning a private jet isnt too expensive if its chartered out. charter it out for a long flight since it could fly 8000 nautical miles then they would be demand
Even if I had all the financial wherewithal to own one of these I wouldn’t buy it! Just like I wouldn’t buy a yacht ! Charter baby! No headaches, no management, no payroll, no fees no maintenance! With charter you have one price and that’s it. Walk up-fly-walk off- pay - you’re done! So much simpler - even if you fly a lot still makes sense to charter (even if the numbers at high usage start looking better) but the absence of the ownership headaches is much more worth than the money you may save by owning ! My opinion
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I have been looking for a way since 4 years and also a good coach 1 on 1 on Telegram to tell me how to start making consistent huge profits and daily withdrawals. Thank you so much.
I estimate I would use it for only about 50 hours a year so it would unwise or foolish to buy one when I could just charter one or perhaps enter a fractional ownership arrangement.
That's what they specialize in - Smaller jets for a few wealthy or corporate bigwigs. After that, you go to Boeing and Airbus, but the operating costs are astronomically higher.
Maybe I missed it, but there was no estimate of the cost of the airplane itself. Even if you paid cash for it you would still have an hourly depreciation value, I would assume. I guess I'll just have to hold off on buying one until they revise the video 😂
I’ve never landed at those airports but typically major metro airports have MUCH higher fees than executive airports. The only major airports I commonly fly into is IAH when visiting my son, who’s a professor at Rice. I try to fly into HOU but they seem to constantly have some level of delays or issues causing us to divert. At IAH, port (landing & tie down) fees are commonly $450 for our MU2. That’s 4-5 times higher than we commonly pay at executive airports. An aircraft with ramp weight of Class C MTOW G800 , the MU2 is under 12500 MTOW class F, would be 4-5 times more. I would likely budget $2500 for those 2 airports but there are programs available from most airports that can provide substantial discounts, if it’s an airport you fly in/out consistently and/or own a hanger.
@@MichaelM-to4sg walla thank you for the detailed response. I always wondered, how TEB and MMU compete + you the 3 major airports nearby EWR LGA JFK that all have and FBOs as well.
@@pizza4fresers My only experience flying to that region is the Middletown airport (OOO) and HTO, though I’ve heard FBO applied for new FAA designation which may have changed the East Hampton Airport identification. It’s been a few years since we were in area but I do not recall outlandish fees at either FBO. I commonly do not recall “normal” fees, only the real outliers, which I try to avoid upon return visits.
This is a great video. But I’m sure if you can’t get a Ferrari serviced for $1000 then there’s no way you’re getting a rolls Royce jet engine serviced for $1000
Nice video, thank's. I would fly the Gulfstream, without overhead touch screens, of course. Who came up with this nonsense? In turbulence... oops. Gulfstream does it, because their customers demand to get the latest and greatest. Big mistake. It clearly shows how unprofessional private jet flyers and owners are... Owners have no clue about airplanes. They hire the cheapest and least experienced pilots... I wonder how they were able to make so much money. I used to fly Falcon 900 jets and I know how lousy the training of corporate pilots is... compared with the average airline pilots. Regards from the 747-8 left seat. No hard feelings, guys. But it's time to tell the owners the truth about their pilots. A small percentage is very well qualified, no doubt. But the majority is not. My five cents. RS
Vast majority of owners are corporate leasing groups like NetJets. Some companies of course own them, Bechtel for example had several Gulfstream’s and Desault’s to fly their geologists, engineers and executives to remote locations around the globe. A few individuals own them, Larry Ellison, Jeff Bezos and Bill Gates all own Gulfstream’s of some type and all are billionaires many times over. Mark Cuban, worth around $5B, owns a G550, or at least did as of 3 years ago. Tiger Woods also owns a G550, his net worth is $1B. Given these are $50M-$85M aircraft with operating costs exceeding $5k/hr, it requires a considerable wealth just to be able to operate them, much less purchase. Then there’s the issue of engines need to be operated minimum every 30 days or they will require technical inspection prior to operation. Unless you travel a lot and consistently, they are not practical. This is why NetJets is so popular among wealthy Jet setters. You get the access to executive travel w/o hassle of trained staff on payroll and the maintenance liabilities.
Watching the video with my 8-hour job, my salary of 2,500 euros per month and dreaming of a plane and a lifestyle that I'm not going to have in my fucking life... And still thinking: "A million dollars a year is not both compared to the price of the plane and the purchasing power you have to have to buy it".
It's only for the 1% great presentation great information dream killer but that g800 is awesome I Can Dream can I that's all I have to go on a wing and a prayer no pun intended once you pay that 75 million everything is downhill from there but it is a beautiful plane I'm sorry aircraft I Can Dream can I so I take one of your comments advice I'll go back to sleep maybe if I wake up I'll be able to own it again great presentation great information and yes definitely a dream killer LOL
After I win the Powerball or Megamillions, I have no need to outright buy such a machine. Would buy hours per 1 year just for the experience. And I would conduct business and write off the hours used.
Wow it seems like a bad investment and at the same time an exciting one if you have money to burn which these days are very rare this style of living is for that 1% God bless them too bad I'm not in that category
“State of the art RR Pearl engines”? 😂😂 Nobody in aerospace engineering industry considers RR turbofans state of art. The fact is Honeywell-Garrett has become too expensive for GA and commercial sector thus Gulfstream and Desault went shopping for new supplier. Unfortunately the brilliant performing and efficient GE was deemed too expensive to meet Gulfstream margins thus they went shopping in the bargain aisle and found RR Pearl’s. Desault too have adopted Pearl 10’s for the new 10X. Any company considering one of these size/range aircraft should be looking at Global 8000 with its vastly superior GE engines.
