NetJets Gulfstream 550/GV Fractional Aircraft Program

NetJets Gulfstream 550/GV

Cabin Cabin Volume: 1,669 cubic feet Baggage Baggage Space: 226 cubic feet Performance Maximum Speed: 560 mph Cruise Speed: 528 mph Range: 7697 miles Passengers Maximum Passengers: 14 Number of Engines: 2 Number of Pilots: 2

Gulfstream 550

NetJets Gulfstream 550/GV

The following is a description for a 1/16th fractional share (equivalent to 50 hours of flight time per year) of a Gulfstream 550/GV from NetJets. There are many important factors when deciding which program is best for you, however we have derived several very important variables to consider including cost/mile ($23.43), cost/cubic foot ($1,965), and cost/mile/passenger ($1.67). Below we explain why these variables are important to consider and how each is derived.

First, we calculate total cost of ownership over a 5 year period for the Gulfstream 550/GV. We do not take into consideration the carrying cost of money or the cost of borrowing. 5 year cost of ownership is approximated by:

Acquisition Cost X (1 - Residual Value + Remarketing Fee) + (Hourly Rate+Fuel Surcharge) X 50 hours X 5 years + Monthly Fee X 12 months X 5 years

For the Gulfstream 550/GV from NetJets, the 5 Year Total Cost of Ownership =

$3,000,000 X (1 - 70 % + 7%) + ($4,000/hour + $1,200) X 50 hours X 5 year + $18,000/month X 12 X 5
= $3,280,000

Most fractional programs provide hourly operating prices, however aircrafts cruise at different speeds - the cruising speed for the Gulfstream 550/GV is 528 mph. It is important to compare the actual Cost/Mile which is calculated as:

Cruising Speed MPH X 50 hours X 5 years / 5 year cost of ownship

So for the Gulfstream 550/GV from NetJets,

Cost/Mile = 528 mph X 50 hours X 5 years / $3,280,000

Cost/Mile = $23.43

Aircrafts vary in the number of passengers they are able to carry. The Gulfstream 550/GV can carry a maximum of 14. We allow you to easily compare Cost/Mile/Passenger which is $1.67 for the Gulfstream 550/GV from NetJets.

Aircraft size is another important consideration, especially if comfort is a primary consideration. The dimensions of the Gulfstream 550/GV are:
Height: 6.2 feet
Width: 7.3 feet
Length: 43.1 feet
Volume: 1,669 cubic feet cubic feet
5 Year Cost per Cubic Foot: $1,965

Range is an important consideration. Re-fueling stops can be costly and inconvenient if you plan on using your plane for long trips. The Gulfstream 550/GV has a maximum range of 7697 miles. Perhaps you plan on using the Gulfstream 550/GV for trips to your vacation home which is close to a small private airport - you should check to see if the runways are long enough for takeoffs and landings. The Gulfstream 550/GV requires for takoff and for landing.