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GULFSTREAM GIII Price and Operating Costs


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.


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:
Number of passengers:
12 people


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


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

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