The Real Cost Of Owning A Bombardier Global 7500
The Real Cost Of Owning A Bombardier Global 7500
0:00 - Intro
This is the Bombardier Global 7500, a huge aircraft with four living spaces, a dedicated crew rest area, and an advanced air management system that delivers 100% fresh air. Today we’re going to tell you everything you need to know about the real cost of owning the Bombardier Global 7500.
0:31 - Purchase and Charter Price
The base purchase price for a new Bombardier Global 7500 is $73 million before options. If purchasing the aircraft is out of budget, the charter price ranges between $4,000 and $5,000 per hour. Naturally, prices will vary depending on availability, fuel prices, ground fees, and more.
0:51 - Operating Costs
When it comes to operating the Bombardier Global 7500, like for any aircraft, there are two expense categories to consider: fixed costs and variable costs.
1:01 - Fixed Costs
Fixed costs are those that you pay no matter what. Whether the aircraft flies or not has no effect on fixed costs. These costs do not change in relation to the number of hours the aircraft flies. There are five criteria that have been identified as the biggest contributors to the annual fixed cost of operation.
1:21 - Crew Salary
In terms of fixed costs, the crew salary is a significant one. Whether the aircraft is flying or not, the crew will need to be paid their salaries. This is a cost that will vary depending on region and aircraft type.
1:53 - Crew Training
This is a cost that will keep on occurring every year, whether your aircraft flies or not. Having well-trained crew members is important. Again, they are integral to the safe and efficient operation of your aircraft.
2:16 - Hangar
The third is Hangar. When it comes to aircraft storage there are two options - hangar or tie down. In most cases, owners are not going to let their planes sit out in the wind and rain.
Therefore, it is a safe assumption that most private aircraft will be stored in hangars when not in use.
2:44 - Insurance
In simple terms, there are two types of insurance that private planes must have.
The first is liability insurance. This provides cover against loss, damage, or injury to third parties, such as passengers, cargo, and baggage. The second is Hull Insurance. Hull insurance policies are agreed on the value of the aircraft. Therefore, in the event of a total loss, insurers will pay the agreed value as opposed to the current market value.
4:04 - Management
The fifth and final one is Management.
An aircraft management team provides all the necessary services required to fly the aircraft. For example, sourcing and managing pilots to make sure the aircraft is airworthy, are all tasks provided by your aircraft management company.
4:45 - Total Fixed Cost
4:56 - Variable Costs
Variable costs, on the other hand, are directly proportional to the number of hours the aircraft flies per year: the more you fly the aircraft, the more it will cost you. Because of this, the estimated variable cost is presented as an hourly figure, which is how much extra the aircraft will cost you per flight hour. There are four factors that we have built into the hourly variable cost figure.
5:22 - Fuel
Fuel costs are a significant hourly expense when operating a private plane. Of course, the amount of fuel that the aircraft burns per hour will vary greatly depending on its average hourly consumption. Of course, depending on location, fuel prices vary dramatically.
5:56 - Maintenance
The second is Maintenance.
In order to ensure that aircraft are safe to fly they require maintenance at regular intervals. These intervals are scheduled and dependent on the manufacturer's guidelines. Maintenance is scheduled based on the number of hours flown.
6:49 - Engine Overhaul
The third is Engine Overhaul.
An engine overhaul is a more serious scheduled event that is essentially the maintenance and inspection of the engine. Again, much like maintenance of the airframe, the more an engine is used, the more wear and tear it will experience. Therefore, the more hours flown the more often an engine overhaul will need to be performed.
7:18 - Crew, Landing, and Handling Fees
The fourth and final one is Fees for Crew, Landing, and Handling.
Crew fees are those that you need to pay the crew during an extended stay. Secondly, when landing at an airport, aircraft are charged a landing fee, which is usually based on the weight of the aircraft. And finally, handling fees go hand in hand with landing fees.
8:26 - Total Variable Cost
8:37 - Outro
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Пікірлер: 46
Thank you, I was thinking about buying a Global 7500 but, thanks to the information presented in this video, I have chosen the slightly more economical Honda Civic
@AviationBase
Жыл бұрын
😂
@Swiftie8913
10 ай бұрын
🤣🤣🤣🤣
@TaylorSwift89496
10 ай бұрын
@@AviationBase Hello there
The Global 7500 is the most beautiful money pit I have ever seen!
Thank you for pronouncing Bombardier correctly. So many aviation channels do not.
I’m going to become a televangelist so I can scam people out of enough money to buy one of these 😂
@AviationBase
Жыл бұрын
😂
@absurdh3ro
Жыл бұрын
You can also become a pro climate change politician.
@rogerskiyingi336
Жыл бұрын
You smell spirit of poverty, because you're programmed that every good thing goes to scammers,(some of them are not scammers). And you can also own one if you believe.
Very informative. Just the information I was looking for!!!
@sophiamarchildon3998
9 ай бұрын
yeah, I wasn't sure about going for the Gulfstream, or the Bombardier. The Global gets it way above.
Thank you!! Finally, someone puts it all out there. Great video!!!
@AviationBase
9 ай бұрын
You're welcome! Glad it was helpful!
Nice
pretty sure charter price would be more.. 4 ish hours on a global 6000 is like 100K
I’m here just for the comments 😂😂 nice video
Can you do a Global 5000 cost? for 12 + 3 in refurb... you can have one like new with a 5200nm range
Depreciation is your biggest cost factor! You can lose 50% value in just 10 years! Many companies keep there aircraft only five years as do some share companies. This keeps your aircraft in warranty and your paint and interior will still be relatively fresh making resale easier and more profitable! Don’t paint it in a goofy scheme! Don’t order a weird custom interior as replacing it can cost 5 million! Interior configuration is a huge resale factor!
@TheWallReports
9 ай бұрын
Well it's rate of depreciation is less than many cars.
I guess it was a terminology thing with the over haul of a engine. I think they mean over haul on a jet engine is maintenance and up keep. When I hear over haul on a car engine. It means to completely rebuild it so that why it sounds so cheap on here.
Some FBO's don't offer sufficient security. Depending on destination, we had to contract with external security companies to have insurance cover us. It's becoming more necessary and expensive every year. ^v^
Me, a boy who earns around $5 a month watching the video of a private jet that costs around $5000 an hour 🤣.
@thesty9
Жыл бұрын
🤣🤣🤣
@OLDGENISTHEFODDERGEN
Жыл бұрын
@@thesty9 😂
@chrisakers3941
Жыл бұрын
Dude just invent the perpetual motion machine or turn water into energy like your mom told you to do when you grow up,. Then you'll own the jet. Must i think of everything!
@OLDGENISTHEFODDERGEN
Жыл бұрын
@@chrisakers3941 ok 🙂
I guess it's just cheaper flying first class.
❤😍
Love please look forward with the economy everything is going well with the economy everything you want okay with many things good for you help
At 5.50 dollars a gallon the plane could cost 35 to 40 thousand dollars to fill up for 7500 miles ouch that’s a lot of money just in fuel
Oh, okay
cost?...a mere bag of shells.
So is cheaper to rent
correct me if i am wrong. isn't it cheaper to rent it?
@benmiller5015
7 ай бұрын
Yup. Significantly cheaper. But then you're also limited by the other bookings so it could be a long wait-list to rent. N I'm sure it also depends on where the plane is at. For example of I wanted to rent a 7500 from grand rapids Michigan to wherever (I use that as an example since I live in Michigan) they aren't gonna want to deadhead the plane from it's primary hangar location or if the previous flight had it landing in Europe or something. So you'd either have to pick up that deadhead cost on top of your cost to where you want to go or wait until it's schedule brings it closer. Or fly commercially or on a different private plane to where the 7500 is at. Where if you own it, the hourly cost in the air will be a bit more but you'll still pay more cuz you don't get to just pay for a single hour but ALL the hours but it'll be on hand when you decide you want to have breakfast in Paris n dinner in Italy n be back home all in the same day lol
@ventudeca
7 ай бұрын
Thank you for your answer. All my breakfasts, lunches and dinners are already in Italy.. .😏@@benmiller5015
Wait what???? 1750 liters per hr????? Holly shit
It doesn't matter as no-one watching can afford it 😂
so... another 75 million for 25 years of use...
only for the filthy rich
How is it possible that some people have so much money on their hands to burn ? 2nd, Who do people buy such a money hole 🕳 blackhole of an item for? I think it's true people with money have some dirty secrets to hind. This is not normal
@TH-cg4ex
5 ай бұрын
It's for a super small % of the people in the world. They are owner's of the largest companies so it makes sense.
@SF-fb6lv
5 ай бұрын
I guess the same reason 'westerners' have 'so much money' compared to say, people in developing nations. I think it's all relative. Even taking an Uber in the USA would burn like 20% of the annual salary of some peoples in poorer countries.
I get the fuel in nigeria or lybia 10 times cheaper than europe 😂