The Bombardier Global 5000 is a long-range business jet with deliveries having started in 2005.
While it is the entry-level aircraft within Bombardiers Global family, it offers a smooth ride for up to 13 people.
It can fly 5,200 miles and reach speeds of 510 mph.
For 350 hours of flying each year, the cost is about $4,634,252. That’s $10,298 per hour.
Key Takeaways
- The Bombardier Global 5000 has a total annual operating cost of $4,634,252 when flown for 350 hours per year.
- The average hourly operating cost for the Global 5000 is $10,298.
- The aircraft’s range of 5,200 miles and seating capacity of 13 passengers make it a popular choice for long-range corporate and private travel.
- Maintaining and operating the Global 5000 requires a significant financial investment, with costs varying based on usage, maintenance, and other factors.
- Careful planning and cost management are essential for Global 5000 owners to maximize the value and efficiency of their asset.
Bombardier Global 5000 Total Operating Costs
For 450 hours a year, the Global 5000’s variable costs are $3,431,016. Fixed costs are $1,203,236. This makes the yearly cost $4,634,252.
If you add 200 more hours for charter, the fixed cost goes up to $1,217,132.00. The yearly cost then becomes $4,648,148.
Flights for the owner cost $10,298 per hour. Charter flights cost $10,329 per hour.
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Bombardier Global 5000 Annual Budget Calculator
Use the calculator below to calculate the estimated annual budget to operate the Bombardier Global 5000.
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 Global 5000.
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 Global 5000 Annual Budget:
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Overview of Bombardier Global 5000
The Bombardier Global 5000 is known for its long range and is a favorite among big companies.
It has 234 aircraft in its fleet, powered by two Rolls Royce engines. It can carry up to 16 people.
This jet can fly up to 5,200 nautical miles without stopping. It can reach speeds of 510 knots, perfect for crossing oceans. It also has a high ceiling and short takeoff distances, making it great for business travel.
| Dimension | Measurement |
|---|---|
| Tail Height | 25.6 feet |
| Wingspan | 94.0 feet |
| Length | 96.1 feet |
| Cabin Height | 6.3 feet |
| Cabin Width | 8.2 feet |
| Cabin Length | 45.7 feet |
The cabin of the Bombardier Global 5000 is split into three areas.
It offers a lot of space and comfort. Its design is perfect for executives and big companies looking for luxury in the sky.
Fixed vs Variable Costs
When it comes to owning a Bombardier Global 5000, knowing the costs is key.
The fixed costs include crew expenses, hangar fees, insurance, and more. These add up to $1,066,546 a year.
The variable costs are different. The jet uses 506 gallons of fuel per hour, costing $3,178. Maintenance and engine reserves cost $2,070 and $1,870 per hour, respectively. Plus, there are miscellaneous costs of $730 per hour.
This makes the total variable cost $7,847.68 per hour, assuming 300 hours of flight time a year.
It’s important to understand the fixed and variable costs of the Global 5000. This knowledge helps in making smart choices about owning a private jet.
By looking at these costs, businesses can find ways to save money on their aviation expenses.
Factors that Affect Ownership Cost
Buying a Bombardier Global 5000 private jet comes with many costs. Fuel prices, maintenance, insurance, hangar fees, and crew salaries are big factors. These costs add up quickly.
The jet’s engine needs to be overhauled every 8,000 hours, costing $5,300,000. At 4,000 hours, a mid-life maintenance costs $2,650,000.
The Honeywell RE-220 (GX) APU and ProLine Fusion avionics suite also increase expenses.
How often you fly the jet affects the cost. Companies needing to fly a lot will spend more on fuel and maintenance. On the other hand, those who plan flights carefully can save money.
Knowing these costs helps potential owners plan better. They can make sure owning the jet fits their business goals and budget.
Bombardier Global 5000 Acquisition Cost
The cost of buying a Bombardier Global 5000 is key for cutting global business expenses. The price for a used Bombardier Global 5000 is about $20,972,500.
But, prices can change a lot, from $7,900,000 to $27,495,000, as seen on Controller.com.
The usual price for financial plans is $17,697,500. This is the average, excluding the highest and lowest prices. Yet, these numbers might change because of market trends, the aircraft’s age, and its total flight hours.
New Bombardier Global 5000 planes cost around $50 million. Buying a used one can save a lot of money. But, the total cost of owning one includes more than just the purchase price. It also includes ongoing expenses, depreciation, and financing costs.
Depreciation Rate and Resale of Bombardier Global 5000
The Bombardier Global 5000 has an annual depreciation rate of about 9%. This means its value drops by $1,592,775 each year. With a starting price of $17,697,500, this is a significant loss.
Currently, 13% of the Global 5000 fleet (31 aircraft) is for sale. The years range from 2005 to 2017. Flight times vary from 1,340 to 6,646 hours.
The Fortune 5000 spend analysis shows the Global 5000’s depreciation rate is average. It starts with a 10% drop in the first year, then 5% each year after. The Global 5000 operating cost data indicates it’s a favorite among the wealthy and businesses. This is due to its strong secondary market.
Several factors affect the resale value of a Bombardier Global 5000. These include the jet’s condition, total flight time, and demand. Keeping the jet in top shape and selling at the right time can help owners get the best value.
Financing the Bombardier Global 5000
Businesses looking to buy a Bombardier Global 5000 have many financing options. A loan is a common choice. It helps manage cash flow and secures this valuable asset.
For example, a $12,123,750.00 loan over 120 months could mean a $607,929.86 payment each month.
This financing option helps businesses manage their expenses better. It lets them keep capital for other important investments. At the same time, they get to enjoy the benefits and prestige of the Bombardier Global 5000.
But, it’s crucial to think about the total cost of owning the aircraft. The 2023 list price is $50,441,000. The hourly operating cost is $5,397.57. These details help businesses make choices that fit their financial plans and goals.
Comparison with Similar Aircraft
The Bombardier Global 5000 faces competition from jets like the Dassault Falcon 7X and Gulfstream G500 (Heritage). When looking at costs and performance, it’s important to consider range, speed, passenger capacity, and operating expenses.
The Global 5000 has a range of 4,800 nautical miles and cruises at 488 knots. It can carry up to 16 passengers.
This makes it a strong competitor in its class. It matches the Falcon 8X’s range and beats the Gulfstream G650’s range in some areas.
Looking at operating costs, the Global 5000 costs $5,093.92 per hour. This is more than the Gulfstream G650’s $4,843.16 but less than the Embraer Lineage 1000E’s $5,827.32. Its balanced performance and cost make it a great choice for businesses looking to save money and improve efficiency.
Conclusion of Ownership Cost for Bombardier Global 5000
The Bombardier Global 5000’s ownership cost is a big deal for companies and wealthy people. With 300 flight hours a year, the yearly cost is $5,013,625.
This includes fixed costs, variable costs, and depreciation.
This means the cost per hour is $10,298.34 for 450 hours a year. It’s a big expense for companies to manage and for the Fortune 5000 to analyze.
Thinking about owning a Bombardier Global 5000 means looking at all costs. This includes fuel, maintenance, crew salaries, insurance, and hangar fees.
It’s also important to know the aircraft’s market trends and performance.
This helps make a choice that fits the company’s goals and the changing travel needs of the global elite.
The private jet market is growing fast, especially in North America and Asia-Pacific. The Bombardier Global 5000 is popular among business leaders and the wealthy for private travel.
But, the high costs mean a careful look is needed to make sure it fits the company’s future plans and budget.
FAQ
What are the key specifications and performance characteristics of the Bombardier Global 5000?
The Bombardier Global 5000 is a large business jet. It can carry up to 13 passengers. It flies up to 51,000 feet high and cruises at 488 KTS/562 MPH.
Its range is 5,070 NM/5,834 SM. The cabin is 6’3″ high, 8’2″ wide, and 42’6″ long. It has a total baggage capacity of 195.00 ft^3.
What is the total annual operating cost for the Bombardier Global 5000?
The annual cost is $4,634,252.00. This is based on 450 hours flown and $5.96-per-gallon fuel. It works out to $10,298.34 per hour.
How are the fixed and variable costs distributed for the Bombardier Global 5000?
Variable costs total $3,431,016.00. Fixed costs are $1,203,236.00. This makes the total annual budget $4,634,252.00.
For charter with 200 more hours, fixed costs rise to $1,217,132.00. The annual budget then is $4,648,148.00.
What factors influence the ownership cost of the Bombardier Global 5000?
Fuel prices, maintenance, insurance, and crew salaries are key. The aircraft’s maintenance schedule also affects costs.
What is the typical purchase price and resale value of the Bombardier Global 5000?
The average price for a used Bombardier Global 5000 is $20,972,500.00. Prices range from $7,900,000.00 to $27,495,000.00. It depreciates by about 9% each year.
What financing options are available for the Bombardier Global 5000?
Financing includes loans. For example, a $12,123,750.00 loan over 120 months. The monthly interest is $50,515.62, making the payment $607,929.86.
How does the Bombardier Global 5000 compare to similar long-range business jets?
The Global 5000 competes with the Dassault Falcon 7X and Gulfstream G500 (Heritage). Consider range, speed, capacity, and costs.
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