The Bombardier Challenger 650 is the largest of the Challenger lineup from Bombardier.
It has been popular since deliveries began 2015. Knowing the costs of owning and running this jet is key for those interested.
This article covers all the financial details of owning and operating this impressive aircraft.
Key Takeaways
- The Bombardier Challenger 650 has an estimated hourly operating cost of $3,385.
- The total variable costs for the Challenger 650 are estimated at $2,055,294 annually.
- The total fixed costs for the Challenger 650 are approximately $964,129 per year.
- The total annual budget for operating the Challenger 650 is $3,019,423 based on 450 annual owner-operated hours and a fuel cost of $5.96 per gallon.
- Comprehensive understanding of the Challenger 650’s operating and ownership costs is essential for making informed investment decisions.
Bombardier Challenger 650 Total Operating Costs
The Bombardier Challenger 650 is a top choice for business jets. It’s known for its great performance and features. It’s key to look at both variable and fixed costs when figuring out the total operating costs.
The total hourly cost for the Challenger 650 is about $6,710.
This is based on flying 450 hours a year. The costs include fuel, maintenance, parts, and more, adding up to $4,346 per hour.
There are also annual fixed costs.
These include insurance, maintenance software, and other services. The total annual cost for the Challenger 650 is $2,987,808.
Cost Category | Cost per Hour | Annual Cost (450 hours) |
---|---|---|
Fuel | $1,778 | $800,100 |
Maintenance Labor | $432 | $194,400 |
Parts | $476 | $214,200 |
Maintenance Programs | $651 | $292,950 |
Miscellaneous Trip Costs | $1,441 | $648,450 |
Insurance | N/A | $48,325 |
Maintenance Software | N/A | $86,310 |
Miscellaneous Services | N/A | $102,710 |
Total | $6,710 | $2,987,808 |
These detailed cost figures for the Challenger 650 are very helpful. They give insights to those thinking of owning one. They also help those who want to know the real cost of flying this jet.
Bombardier Challenger 650 Annual Budget Calculator
Use the calculator below to calculate the estimated annual budget to operate the Bombardier Challenger 650.
Simply enter the number of hours per year and receive click “Get Annual Budget”. Below you will then see the estimated annual budget for owning and operating the Challenger 650.
The final value takes into account both fixed and variable costs. Please note that the final value is an estimate only. Additionally, note that all values are in USD.
Bombardier Challenger 650 Annual Budget:
$0 per Year
Overview of Bombardier Challenger 650
The Bombardier Challenger 650 business jet is a top choice for corporate flights and charter services.
It has been delivered over 1,000 times, making it the most popular large business jet. It’s known for its high reliability, with over 99.9% dispatch rate.
This aircraft can carry up to 12 passengers in its spacious cabin.
The cabin is 6 feet high, 7 feet 11 inches wide, and 25 feet 7 inches long. It’s perfect for special missions like medevac and maritime surveillance.
The Challenger 650 has powerful GE CF34-3B MTO engines.
These engines provide 9,220 lbf of thrust and a top speed of 0.85 Mach. It can fly up to 4,000 nautical miles without needing to refuel, ideal for long trips.
Its advanced avionics, including LPV and RNP approaches, meet current and future navigation standards. This makes it a reliable choice for corporate travel.
The Challenger 650 can take off in 5,640 feet and land in just 2,402 feet. This allows it to access airports like London City and Aspen.
It has a maximum zero-fuel weight of 32,000 lb and a basic operating weight of 27,150 lb. This gives it a large payload capacity, making it very versatile.
Specifications | Values |
---|---|
Cabin Height | 6 ft 0 in (1.83 m) |
Cabin Width | 7 ft 11 in (2.41 m) |
Cabin Length | 25 ft 7 in (7.80 m) |
Baggage Capacity | 115 ft³ (3.25 m³) |
Maximum Cruise Speed | 0.85 Mach |
Maximum Range | 4,000 nm (7,408 km) |
Takeoff Distance | 5,640 ft (1,720 m) |
Landing Distance | 2,402 ft (732 m) |
Fixed vs Variable Costs
Knowing the difference between fixed and variable costs is key when looking at the costs of owning a Bombardier Challenger 650 private jet.
Fixed costs for the Challenger 650 include insurance ($48,325), maintenance software ($86,310), and other services ($102,710).
It also includes costs for hangar and office lease, and salaries for pilots, flight attendants, technicians, and contractors.
On the other hand, variable costs for the Challenger 650 change with each flight. These costs include fuel ($1,778), maintenance labor ($432), parts ($476), and more.
They add up to $4,346 per hour. These costs can change based on how much the jet is flown, maintenance needs, and fuel prices. But fixed costs stay the same, no matter how much the jet is used.
Cost Category | Fixed Costs | Variable Costs (per hour) |
---|---|---|
Insurance | $48,325 | – |
Maintenance Software | $86,310 | – |
Miscellaneous Services | $102,710 | – |
Hangar/Office Lease | $111,076 | – |
Personnel Costs | $822,804 | – |
Fuel | – | $1,778 |
Maintenance Labor | – | $432 |
Parts | – | $476 |
Maintenance Programs | – | $651 |
Miscellaneous Trip Costs | – | $1,441 |
Managing both fixed and variable costs is key to making owning a private jet profitable. Using strategies like chartering, aircraft management, and different ownership models can help. These methods can make owning a Challenger 650 more financially viable.

Factors that Affect Ownership Cost
Thinking about owning a Bombardier Challenger 650? It’s key to know what affects costs. Fuel, for example, costs about $5.96 per gallon.
This is a big part of the plane’s running costs. Also, the number of hours flown each year, usually 450, adds to the expenses.
Insurance costs are another big deal. They change based on the plane’s value, the owner’s experience, and other risks.
Maintenance costs, both planned and unplanned, are also a big part of owning a Challenger 650. Training for the crew, like pilots and mechanics, adds to the costs too.
Don’t forget about periodic costs like modernizing the aircraft, which can cost $65,367. Other expenses, like hangar fees, office costs, and personnel, also affect the total cost of owning a business jet.
Knowing these factors helps potential owners get ready for the financial side of owning a Challenger 650. It makes for a smarter choice when investing in private aviation.
Bombardier Challenger 650 Acquisition Cost
Thinking about buying a Bombardier Challenger 650? The cost is key. A used Challenger 650 costs about $22,000,000. A new one starts at $32,400,000.
Financing can help make the purchase easier. A $11,000,000 loan over 120 months has a monthly interest of $45,833.
his means a total payment of $551,581 each month. It’s a big investment for those in the business jet market.
The Challenger 650 is pricier than some midsize jets, like the Bombardier Challenger 350. But, it offers more range, a bigger cabin, and better tech. It’s a top pick for those who want a top-notch private jet experience.
Aircraft Model | Acquisition Cost (USD) | Hourly Operating Cost (USD) |
---|---|---|
Bombardier Challenger 650 | $22,000,000 (pre-owned) $32,400,000 (new) | $3,365 |
Bombardier Challenger 350 | $27,000,000 | $3,800 |
Embraer Praetor 600 | N/A | $3,248 |
Gulfstream G650ER | $72,500,000 | $5,591 |
Depreciation Rate and Resale of Bombardier Challenger 650
Aircraft depreciation is a key financial factor for Challenger 650 owners. The value drop is affected by age, market demand, and condition.
The initial cost of a pre-owned Challenger 650 is about $22 million. This can help estimate depreciation and resale value.
Depreciation rates for business planes vary from 5% to 20% yearly. For the Challenger 650, a 7% yearly drop is likely.
This means its value could fall by around $840,000 in the first year. Also, investing in a Challenger 650 might cost about $480,000 yearly, assuming a 4% return.
Owners can reduce depreciation by keeping the plane well-maintained and upgrading it. They can also use tax benefits of owning an aircraft.
Talking to aviation tax experts can help owners plan better and keep their plane’s value high.
Financing the Bombardier Challenger 650
Buying a Bombardier Challenger 650 private jet is a big deal. It costs a lot of money. One way to get it is by taking out a $11,000,000 loan over 120 months. This means you pay $45,833 in interest each month.
With a monthly payment of $551,580.86, you can pay for the jet over time. This makes managing the costs easier. It helps spread out the Bombardier business jet operating costs over time.
There are other ways to finance a Challenger 650 too. Aircraft finance groups and private lenders offer different options. They can help you find a plan that fits your budget and needs.
Working with an aviation consultant is a good idea. They can help you understand all your options. This way, you can make a choice that’s right for you.
If you don’t want to own the jet outright, there are other choices. You can lease it, share it with others, or buy a jet card. These options let you use the jet without the full cost of ownership. They might be more affordable and flexible.
Comparison with Similar Aircraft
The Bombardier Challenger 650 is a top choice in large business jets. It has direct operating costs (DOC) that are competitive with other jets in its class.
With a DOC of $3,655 per hour, it strikes a good balance between performance and efficiency.
Compared to the Dassault Falcon 2000LXS, the Challenger 650 is a strong contender. The Falcon 2000LXS costs more at $35.1 million, but the Challenger 650 has a slightly faster top speed of 566 knots (1,049 km/h). The Falcon 2000LXS reaches 574 knots (1,063 km/h).
Specification | Challenger 650 | Falcon 2000LXS |
---|---|---|
Range (nm) | 4,000 | 4,000 |
Cruise Speed (knots) | 566 | 574 |
Cabin Size (cu ft) | 1,150 | 1,154 |
Passenger Capacity | 12 | 10 |
Internal Baggage (cu ft) | 115 | 130 |
Takeoff Distance (ft) | 5,640 | 4,675 |
Landing Distance (ft) | 2,402 | 2,260 |
The Falcon 2000LXS has a higher service ceiling at 47,000 feet. But the Challenger 650 has a faster economy cruise speed of 533 knots. This, along with its competitive costs, makes the Challenger 650 a great choice in the large business jet market.
Conclusion of Ownership Cost for Bombardier Challenger 650
The Bombardier Challenger 650’s ownership cost is detailed and clear for those interested. The yearly cost to own this aircraft is a whopping $2,987,808.
This is based on flying it 450 hours a year. The costs include $2,055,294 for variable expenses and $964,129 for fixed costs, making the hourly cost $6,709.83.
These costs cover everything from fuel and maintenance to crew salaries and hangar fees. Anyone thinking about buying the Challenger 650 needs to think about these big costs.
The high price and ongoing expenses mean it’s a big investment that needs careful planning.
Buying a Bombardier Challenger 650 is a big decision. It’s important to understand all the costs involved. By comparing the costs to the benefits, business leaders can make a choice that fits their needs and budget.
FAQ
What are the total variable costs for the Bombardier Challenger 650?
The total variable costs for the Bombardier Challenger 650 are $2,055,294.
What are the total fixed costs for the Bombardier Challenger 650?
The total fixed costs for the Bombardier Challenger 650 are $964,129.
What is the annual budget for operating the Bombardier Challenger 650?
The annual budget for the Bombardier Challenger 650 is $3,019,423. This is based on 450 hours flown each year and a fuel cost of $5.96 per gallon.
What is the total hourly cost for operating the Bombardier Challenger 650?
The total hourly cost for the Bombardier Challenger 650 is $6,710. This is based on 450 hours flown each year.
What are the specific variable costs per hour for the Bombardier Challenger 650?
The variable costs per hour for the Bombardier Challenger 650 are $4,346. These include fuel, maintenance labor, parts, maintenance programs, and miscellaneous trip costs.
What are the specific fixed costs for the Bombardier Challenger 650?
The fixed costs for the Bombardier Challenger 650 include insurance, maintenance software, and miscellaneous services. They also include facilities costs and personnel costs for pilots, flight attendants, technicians, and contractors.
What factors affect the ownership costs of the Bombardier Challenger 650?
Ownership costs are affected by fuel prices, flight hours, insurance, maintenance, crew training, and periodic costs. They also include hangar and office expenses, personnel costs, and miscellaneous services.
What is the average price for a pre-owned Bombardier Challenger 650?
The average price for a pre-owned Bombardier Challenger 650 is $22,000,000.
What are the financing options for the Bombardier Challenger 650?
Financing options include a $11,000,000.00 loan over 120 months. The monthly interest is $45,834, resulting in a $551,580.86 payment per period.
How does the Bombardier Challenger 650 compare to other aircraft in its class?
The Bombardier Challenger 650 has a total hourly cost of $6,709.83. It has a range of 3,665 NM, a cruise speed of 459 KTS, and can carry 10 passengers. It is competitive with other aircraft in its class.
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