GULFSTREAM GIII Price and Operating Costs
Specifications
The GULFSTREAM GIII, production in 1979-1987, requires a two man crew and can be configured in 12 seats. Maximum operating altitude of 45,000′, a optimal cruise speed of 478 knots/550 MPH, and a 3,374 NM/3,882 SM seats-full range. The GULFSTREAM GIII has a 5,265′ runway length (or runway plus clearway and/or stopway) and 3,373′ actual landing distance required. Cabin specifications: 06’01” cabin high, 07’04” cabin wide, and 41’03” cabin long. Maximum luggage capacity of 157.00 ft^3; 157.00 ft^3 being internal and N/A ft^3 being external.
Pricing
Average price for used aircraft GULFSTREAM GIII is $1,396,000.00. A $461,350.00 loan over 10 years including $1922.29 per month in interest equates to a $23,133.80 per-month payment. Based on 450 hours a year and fuel cost at $4.25 per-gallon, the GULFSTREAM GIII has total variable costs of $2,359,125.00, total fixed costs of $525,864.00, and hypothetical summary cost of $2,884,989.00. How much does it cost to fly: $6,411.09 per hour.
Maximal total range:
3,374 NM / 3,882 SM
Cruise speed:
478 knots / 550 MPH
Average price:
$1,396,000.00
Number of passengers:
12 people
GULFSTREAM GIII |
Flying 450 Hours per Year | Flying 450 Hours per Year + 200 Charter Hours |
| Owner-operated hours | 450 | 450 |
| Charter-operated hours | – | 200 |
| Fuel Cost per-gallon | $4.25 | $4.25 |
| Fixed operation and maintenance cost | $525,864.00 | $66,364.00 |
| Variable operation and maintenance cost | $2,359,125.00 | $2,359,125.00 |
| How much does a helicopter cost per year | $2,884,989.00 | $2,425,489.00 |
| Cost per hour | $6,411.09 | $5,389.98 |
GULFSTREAM GIII |
High–low pricing |
| Highest Price | $1,599,000.00 |
| Lowest Price | $1,095,000.00 |
| Average Price | $1,396,000.00 |
| Avg. w/o High & Low | $1,445,000.00 |