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!
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.
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.
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 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.
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'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🤦♂️
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.
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.
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
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
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
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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
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.
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 😂
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.
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
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
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".
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.
“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.
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
This video answers most of the questions I had, apart from one. Which is, why am I even watching this?🤣
😂
You never know
LOL, GREAT point!
Bwaaaaaahahaa!
😂
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
And those baggage handling fees will kill you! Better carry your own bags.
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
This was excellent. The only thing additional I would like to see are names of Airplane management companies and their services. Great work!
Pretty interesting, I was searching for those infos. Thanks!
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!
Thank you very much!
Very doable if you're an 8 figure earner.
not even 8.. more of 9 to 10 figure people (the 1% of the world) @@OG364U
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.
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.
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'll surely buy this & the next model,as I would need them or even more, for efficiency, good video ✍️
A man could dream. But remain a dream.
But you never added everything up..... My calculator caught on fire trying to keep up with you.
At 4:28 you have the total fixed costs, and at 8:06 you have the total variable costs
Didn’t know a G800 was in the works. I thought they still had a waiting list for the G700
Extremely informative, thank you!
Really terrific video. Thanks. Small fix needed on the word training.
Thank you!
If I owned this plane I'd have to replace all those wine glasses with red Solo Cups 😂
😂
What a gorgeous jet! I'd cut off my thumbs for a ride on a G800! Thanks for all of the information.
Finally some research that i need done (fgt those blasted assignments)
Just ordered mine~George Santos
nice yt automation glad that it is working for you
Thanks man!
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.
Cheap stuff. I'm going to order 2 of them.
Hi great video and presentation. Thank you.
Thank you!
Very informative 😮!!
Great video!!
Thank you, Marcus!
I will buy it soon ❤
Me too
Seriously, not joking
@@cameronmem8486 I already bought two just because I wanted different colors.
I’m going down and ordering one today 😉
Thank goodness charter memberships are an option
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 😅
😂
Beautiful plane.
It is screaming at me to buy it!
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'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. ❤
We know. That's what this video was about. Of course you would "prefer."
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🤦♂️
@@MichaelM-to4sg Gulfstream is neighbors with RR in Savannah
I dunno the RR engines are pretty bulletproof.
@@MichaelM-to4sg RR engines are better (obviously there are many models tho)
Yay new video!!! (I’m back) lol
“Yeah, well whose gonna fly it kid, you?!?”
“You bet I could! I’m not such a bad pilot…”
Informative
I bet those Bentleys and Ferraris look cheap now, don't they? 😂😂
In other words, you must own a good oil well to make it work
Or a bank or pharmaceutical company
No one oil well is that good. Better have many many.
This is the unfortunate reason why I have not purchased one
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.
Wow, that thing is beautiful!
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.
😂.. Very well said..
😂
Which is why only getting the G500--to save money.
Gorgeous!!!!👍👍👍
Thank you very your valuable info! Now i can buy one with full knowledge and awareness 😂
I understand now why I can’t afford one of these😊
A convincing argument for fractional ownership programs.
Never give up on your dreams. Keep sleeping.
😂
How much is the fee to add up the ither fees?
Todays luxuries are tomorrows commonplace goods. I think I could hitch a ride on this when I’m celebrating my 200th birthday.
I'll own one soon
Oh to be rich enough to say “ just send the bill to my accountant “.
With all these fees and cost one might as well fly Allegiant or Frontier and deal with the fights at boarding or on the plane
NICE!!!
Thank you so much. Do I get a discount if I order 2 of them?
😂
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
Totally 💯 agree. I would only use one these bad boys for about 50 to 75 hours a year so it makes perfect sense to me.
Is there any deduction for Cash ??
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
Per hour mate
It's good to be the King...
Lots of great info in this video. Only info missing, is how can i afford one without doing anything?😁
Lottery
$2,000 engine overhaul? Riiiiiight.
Every variable cost is intended per hour, so $2000 per hour
@@AviationBase That would be over $7 million for the engines cost at overhaul. That is a bit aggressive but, it also aint cheap!
saya belum sempat beli yg G650 dan penerusnya, malah muncul lagi yg G800 ini 😰
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
the real luxury is time, and now aircraft on the market not meet this criteria. So when a private jet will fly like the Concord that is luxury
Basically it costs an eye watering amount, no matter how you look at it.
The rates on this video are astronomical compared to another video I saw.
Because they don't know what they're talking about
Electric self driving jet's will save lot's of $$
And I’m stuck flying Southwest.
The G700 is just as nice I think
Wow and this economy that is you have to be filthy rich the own and maintain a Gulfstream 800 but an amazing adventure people can dream
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If it flies, floats and bleeds once a month you simply rent
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
Thanks for the info.
So what would be landing fee at LGA? Or at least TEB?
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.
Crew Traning😂😂😂😂😂 ya thats some good stuff.
😂
This almost makes a new superyacht look cheap..
You said "engine overall is estimated at $1,300 to $2,000" ???? Not even close! Lmao.
Engine Overhaul is listed in the variable costs, so the estimate of $1,300 to $2,000 is intended per hour
Insurance costs are way off. 2% is the going rate ….. 1.6 million per year
No chance lol no one pays that.
estimate seemed low
In my next life time im getting this
😂
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.
I'll take 2
if you need to know the real cost...you cant afford it
Good range... but too small. Why don't gulfstream come up with a jet bigger than g700
How is that small? What’s bigger?
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.
I need to get a second job to make this dream come true
Nice but i am catching the train , thanks .👍🇦🇺
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 😂
00:38
Basically even a thought about this airplane has some sort of fee involved
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.
JetBlue will allow you to rent, or even share the cost with other people as a kind of timeshare.
Timeshare right air quotes are quotes😅
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
Engine overhauls are considered as variable costs, so $1,000 are intended per hour
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
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".
What is your job in Europe?
How much you need to be worth to own one of this comfortably?
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.
Id say 500m to 1B+
Agreed
Back to G400, then.
Cool I’ll make sure I don’t fly to ny in my g800 to save on landing fees 😂
😂
according real quick calculations right here on my kitchen table, i will get an used Kia now.
😂
“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.
GulfStream sells these planes to me, so I 💷🇬🇧 as soon as possible🛰️...I'll buy it.
Did he say $1300 for engine overhaul??
Every variable cost is intended per hour
How about a video on drake's airplane
Why is the G800 less expensive than the G700?
The G800's cabin is a bit shorter than the G700's
Cost of my ONE DIAMOND RING❤❤❤😢😢😢😢😢😢
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