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Bombardier Global 7500: Costs of owning versus chartering

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Bombardier Global 7500: Costs of owning versus chartering
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Simple Flying | Simple Flying

The Bombardier Global 7500 is recognized as one of the leading business jets, combining advanced technology with exceptional comfort and range. It is favored by high-net-worth individuals, corporate executives, and charter services for its ability to connect nearly any two cities worldwide.

Operating a Global 7500 involves significant expenses. The purchase price for a new model is around $75 million, according to Business Insider. Pre-owned models from 2020 average about $65 million, as reported by Aviation Trader.

Fixed costs of owning this aircraft include crew salaries, hangar storage, insurance, scheduled maintenance, and other miscellaneous expenses. Aircraft Cost Calculator estimates these costs at approximately $1.26 million annually for 450 flying hours.

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Variable costs are tied to flight frequency and include fuel consumption—approximately 486 gallons per hour—maintenance, landing fees ranging from $500 to $3,000 per landing, and catering services costing between $500 and $3,000 per flight. Total variable costs are estimated at about $2.99 million annually.

Considering both fixed and variable expenses, the total hourly operating cost of the Global 7500 is approximately $9,456. For operators flying 400 hours each year, total annual operating costs exceed $4 million.

Chartering a Global 7500 offers an alternative to ownership with hourly rates between $12,000 and $18,000 depending on availability and route specifics. This option eliminates fixed costs like crew salaries but may be less cost-effective for frequent flyers.

Despite high operational costs, the Global 7500 provides unmatched benefits such as a maximum range of 7,700 nautical miles allowing long-haul flights without refueling; luxury features including customizable cabin zones; and performance capabilities that enhance travel efficiency.

The decision to own or charter depends on individual flying habits and financial resources. Corporations or ultra-high-net-worth individuals may find ownership more valuable due to time savings and luxury offerings while occasional flyers might prefer chartering for its flexibility without substantial financial commitment.

Understanding these financial aspects is crucial when considering the Bombardier Global 7500—a symbol of prestige in private aviation offering ultimate freedom in air travel.

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