Latest news with #GulfstreamG650
News18
17-07-2025
- Business
- News18
How Rich Do You Have To Be To Own A Private Jet?
1/7 Owning a private jet is far more than a one-off purchase; it entails a continuous, multi-million-dollar financial undertaking. Beyond the initial cost, owners must also consider ongoing maintenance, fuel, crew salaries, airport fees, and insurance. If you've ever contemplated this high-end lifestyle and questioned its practicality, here's a detailed breakdown of the true costs and income required to sustain private jet ownership. Are you wondering how much it cost to purchase a private jet? Prices vary greatly depending on the jet's size, range, model, year, and features. Light jets, which typically carry four to seven passengers, cost between $3 million and $9 million. Popular models include the Cessna Citation CJ3 and the Embraer Phenom 300. Midsize jets, which accommodate eight to twelve passengers, are priced from $9 million to $20 million, with models such as the Embraer Praetor 600 and Bombardier Challenger 350 being common choices. 3/7 Larger and long-range jets, capable of seating twelve to nineteen passengers, range from $25 million to $75 million. Examples include the Gulfstream G650, Bombardier Global 7500, and Dassault Falcon 8X. At the top end of the market, ultra-luxury VIP jets, often converted from commercial aircraft like Boeing or Airbus, can exceed $100 million. Maintenance expenses: This is where the true cost of ownership begins to emerge. Light jets typically incur annual maintenance costs of between $500,000 and $1 million. For midsize jets, the yearly maintenance ranges from $1 million to $2 million. Large jets demand even higher upkeep, with costs reaching between $2 million and $5 million per year. 5/7 Operating costs: Fuel prices generally range from $4 to $7 per gallon. Beyond that, owners must account for hangar storage, landing and airport fees, crew wages, insurance premiums, technical upgrades, and licensing. For example, operating a Gulfstream G650 can cost roughly $3,000 to $5,000 per flight hour. From a business aviation standpoint, flying more than 300 to 400 hours a year may justify outright ownership. Otherwise, chartering or fractional ownership tends to be more cost-effective. Required income and net worth: To realistically afford a private jet, one's financial status must align with the size of the aircraft. For a light jet, a net worth of at least $25 million and an annual income exceeding $5 million are advisable. Midsize jets require a net worth over $50 million and income above $10 million per year. To operate a large, long-range jet comfortably, you'll likely need a net worth of more than $100 million and annual earnings of $20 million or more.
Zawya
30-06-2025
- Business
- Zawya
Flexjet & Ferretti Group unveil the Riva Volare private jet & helicopter interior
Riva Volare is a new custom-built cabin design for Flexjet's Gulfstream G650 and Sikorsky S-76 helicopter, inspired by the iconic style of Riva motoryachts, part of the Ferretti Group portfolio The collaboration aims to provide a uniquely immersive travel experience for UHNW individuals, and deepens the growing partnership between the two luxury industry leaders, driven by a shared passion for performance and exquisite design The Riva Volare Sikorsky S-76 helicopters will feature in a new Flexjet helicopter operation serving Italy and the French Riviera and Florida Flexjet, a global leader in private aviation, and luxury yacht leader Ferretti Group, have unveiled their highly anticipated, design collaboration Riva Volare - a unique cabin design for Flexjet's aircraft interiors, inspired by the iconic Riva motoryachts. This bespoke design project is a lavish realisation of the official partnership formed in May 2024 between the two luxury leaders, which each share a passion for high performance, exceptional craftsmanship and sleek, bold design. Part of Flexjet's range of customised and boutique-style LXi Cabin Collection™ interiors, Riva Volare is fitted aboard one of the private aviation leader's Gulfstream G650 ultra-long-range jets, seating up to 12-15 passengers and capable of flying for up to 14-16 hours, connecting New York and Tokyo, London, Singapore or Milan. The interior is also presented in two of Flexjet's Sikorsky S-76 helicopters, one in Florida and the other featuring in a new helicopter operation based in Milan, serving Italy and the French Riviera. This represents the growth of the company's helicopter division into mainland Europe, adding to its existing rotary operations in London, New York and Florida & The Bahamas. The new service area will cater to growing demand from the company's existing jet Owners and from new clients for helicopter flights in Italy and the South of France during the summer months, with Ferretti Group clients benefitting from preferential access. The finished design was revealed on Thursday, June 26 at an official unveiling event at Milano Prime Linate Airport, featuring a static display of the Flexjet Gulfstream G650, Sikorsky S-76 helicopter and a Riva motoryacht, the Aquariva Special. The event took place in the hangar recently built for Flexjet's sister company and aircraft management and maintenance provider Sirio, by SEA Prime - the leading Italian and European business and general aviation infrastructure manager, operating under the brand Milano Prime. The bespoke design scheme is the refined result of a combined vision and months of expert craftsmanship by in-house designers at both brands. Riva Volare features artisanal materials and bold patterns, textures and colours, that draw on the classic silhouettes and recognisable design elements of the beloved Riva motoryachts, blending details from the iconic 1960s Aquarama with the contemporary elegance of the Aquariva. Kenn Ricci, Chairman of Flexjet said: 'I have long admired the iconic style of Riva, and seeing this brought to life in our aircraft, is nothing short of exceptional. At Flexjet, design is more than an aesthetic bonus, it's integral to the elevated experience we offer. The launch of Riva Volare in collaboration with Ferretti Group is a tangible expression of our shared commitment to evolving truly memorable experiences for UHNW and selective travellers. With Flexjet in our 30th year, Riva Volare is not only a celebration of a timeless design icon, but also a bold statement of where we're going - defining the standard for what it means to be a modern luxury brand.' Alberto Galassi, Ferretti Group CEO, added: "Riva style is an expression of elegance that infuses every project with class and exclusivity, both at sea and on land, and now at high altitude as well. Riva Volare is another splendid result of our collaboration with Flexjet, a brand with which we share the same passion for constantly raising the quality standards we offer our customers. Contemplating the sky and the clouds while immersed in the world of Riva is an incredibly beautiful and satisfying experience, an absolute must.' Each element of the Riva Volare design - from the colour palette to the tactile materials - has been thoughtfully curated to evoke timeless Riva cues, featuring contrasts between light and dark, colour detailing, and luxurious textures of leathers and metals. A curated selection of Riva glass, china, and silverware will feature in the onboard hospitality experience on the Gulfstream G650, expertly presented by Flexjet's Red Label Academy trained cabin servers. During their immersive Riva-inspired journey, Flexjet passengers will also enjoy: Soft, handstitched leather seating, piped with Riva's signature aquamarine colour and intricately embroidered with Riva logos, icon of yachting and elegance. High-gloss, striped-wood veneer panelling - synonymous with the iconic Riva interiors. Pop-up kibitzer social seating in the Gulfstream G650 comprising a classic nautical stripe design in blue and white. Accent areas featuring the Riva aquamarine and deep blue 'Blu Sera' colours, paired with trademark polished metallic trims. A striking silken carpet, inspired by the sleek motion of a Riva motoryacht cutting through water. The Flexjet Gulfstream G650 Maximum range 7,000nm or 11,263km - up to 14-16 hours flight time Up to 12-15 passengers Global fleet for flights across the world Multi-zone interior to sleep, dine, work, relax Cabin altitude of 1,002m (3,290ft) for reduced fatigue & jet lag 47 decibels sound level - one of the quietest in private aviation 1.96m (6'5') stand-up cabin provides space for tallest passengers Starlink Wi-Fi for seamless, high-speed connectivity Cabin server and well-equipped galley for extensive hospitality The Flexjet Sikorsky S-76 300 nautical miles or 555km range - up to 2.5 hours flight time Up to 8 passengers One of the world's most respected and longest-established super-midsize helicopters Reputation built on more than 40 years of safe flight history Dual-redundancy safety features include twin-turbine engine reliability; a 4-blade rotor system for enhanced stability, comfort and safety; and dual autopilot systems Every helicopter flight is operated by two certified, IFR qualified pilots For more information: Ferretti Group Media Center; Flexjet Press Centre -Ends- About Ferretti Group Thanks to Italy's centuries-old yachting tradition, the Ferretti Group is a world leader in the design, construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of prestigious and exclusive brands: Ferretti Yachts, Riva, Pershing, Itama, CRN, Custom Line and Wally. Led by Chief Executive Officer Alberto Galassi, the Ferretti Group owns and manages seven shipyards located across Italy, which combine the efficiency of industrial production with typical world-class Italian craftsmanship, reaching customers in more than 70 countries across the world thanks to a direct presence in Europe, the United States of America and Asia and its network of approximately 60 carefully selected dealers. The Ferretti Group motor yachts, utmost expression of Made in Italy elegance and creative genius, have always stood out for their exceptional quality, cutting-edge technology, record safety and optimum performance in the sea, as well as their exclusive design and timeless appeal. For more information: About Flexjet A global leader in private aviation, Flexjet has been long-established in the fractional jet ownership market since 1995. Its global headquarters and Global Operations Control Center are in Cleveland, Ohio, with its European operation based in London's Mayfair and at Farnborough Airport. In Europe, Flexjet offers shared ownership of its premium fleet of business jets, including the Embraer Praetor 600 and Gulfstream G650. Internationally the exclusive fleet includes the Embraer Phenom 300, Praetor 500, Praetor 600, Bombardier Challenger 350 and 3500, the Gulfstream G450 and G650. Red Label by Flexjet, a market differentiator, features the most modern fleet in the industry, flight crews dedicated to a single aircraft and the LXi Cabin Collection™ of interiors. Flexjet's helicopter division offers flying programmes on a fleet of owned and operated helicopters, including the Sikorsky S-76, Agusta AW109 and AW169, serving locations in the United Kingdom, Northern Italy northeastern United States, and southern Florida. In Europe Flexjet holds a 4AIR Silver Rating, recognising its leading approach to sustainability. This includes offsetting 300% of carbon emissions for every flight, with Owners also able to commit to Sustainable Aviation Fuel (SAF); and invest in the Aviation Climate Fund (ACF) to support future flight research and development projects. Flexjet is a member of the Directional Aviation family of companies. Visit or follow us on Instagram @FlexjetIlc Ferretti Group Head of Media Relations Giovanni Bogetto Francesca Fusaro Barabino & Partners Federico Vercellino Giorgia Serra Noesis Comunicazione Asli Gulfidan/Martina Baldazzi ferrettigroup@ Flexjet Viv Diprose Tom Ville The PC Agency Paul Charles/Rosie Bateman flexjet@
Business Insider
26-06-2025
- Business
- Business Insider
Bill Gates and Kylie Jenner's private jets among those flooding into Venice ahead of Jeff Bezos' wedding
Kim Kardashian 's Gulfstream G650 touched down at Marco Polo Airport on Thursday morning, according to flight-tracking data from ADS-B Exchange. The G650, which costs about $65 million, departed Los Angeles 10 hours earlier. Khloe Kardashian and Kris Jenner were also photographed with her in Venice, boarding a water taxi, before they met Orlando Bloom and the fashion designer Domenico Dolce. Kardashian attended Snchez's bachelorette party in Paris last month, which included a boat ride down the Seine. Kylie Jenner's Bombardier Global 7500 arrived from Budapest around 3:30 p.m. local time, soon followed by Bill Gates ' G650, which came from Brussels. Earlier in the day, Oprah Winfrey 's G700 also landed in Venice, per ADS-B Exchange. Business Insider's reporter in Venice saw Winfrey and the broadcaster Gayle King boarding a boat by the airport. The NFL legend Tom Brady was also pictured at the dock around noon, shortly after a charter jet arrived from Miami, and former Google CEO Eric Schmidt's Gulfstream G650 landed about 1:30 p.m. local time. Another G650, which JetSpy says is owned by James Murdoch, the son of the media mogul Rupert Murdoch, landed in Venice on Thursday, too. So did another jet belonging to hedge fund billionaire John Griffin. Plus, Queen Rania of Jordan arrived on a government G650. Hollywood agent Ari Emanuel and his wife, fashion designer Sarah Staudinger, were also photographed arriving. They appear to have traveled on a Global 6000 owned by Endeavor Group Holdings, of which Emanuel is CEO. Endeavor's executive chairman, Patrick Whitesell, is Snchez's ex-husband. Bezos, who is one of the world's richest people and is worth just over $230 billion, owns three planes, according to JetSpy. Two aircraft — the G700 and a G650 — have been hopping around the Mediterranean in recent days. They were both parked across the Adriatic Sea in Dubrovnik on Thursday. Bezos and Snchez kicked off their pre-wedding celebrations on Tuesday with a foam party on his $500 million superyacht, Koru, parked just off the Croatian coast. Tuesday also saw the first pictures of guests at the Venice airport, including Jared Kushner and Ivanka Trump. Fashion designer Diane von Furstenberg's G500 landed about midday, and she was photographed at the water taxi dock. A Bombardier Global 7500 owned by her husband, the Fox cofounder Barry Diller, arrived in Venice at about noon on Wednesday, per ADS-B Exchange data. Rising activity "Jeff Bezos' wedding this week in Venice is likely to draw an influx of bizjets to nearby airports," said WingX, an aviation data firm. It added that business-jet activity had already "risen significantly," with 33 arrivals into Venice and nearby Treviso on Sunday, almost double from a week earlier. Data from Flightradar24, which doesn't display most private-jet arrivals for privacy reasons, showed five large business jets were scheduled to land on Thursday. That's compared with two on Wednesday, one on Tuesday, and none on Monday.
Business Insider
26-06-2025
- Business
- Business Insider
Private jets are starting to flood into Venice as celebrities and titans of business arrive for Jeff Bezos' wedding
Celebrities and their private jets have started landing in Venice ahead of the celebrations for Jeff Bezos and Lauren Sánchez's wedding. Kim Kardashian 's Gulfstream G650 touched down at Marco Polo Airport on Thursday morning, according to flight-tracking data from ADS-B Exchange. Khloe Kardashian and Kris Jenner were also photographed with her, boarding a water taxi. The G650, which costs around $65 million, departed Los Angeles 10 hours earlier. Kardashian previously attended Sánchez's bachelorette party in Paris last month, which included a boat ride down the Seine. Then, around 10 a.m. local time, Oprah Winfrey 's G700 also landed in Venice, per ADS-B Exchange. Business Insider's reporter in Venice saw Winfrey and broadcaster Gayle King boarding a boat at the airport. A G650, which JetSpy data says is owned by media mogul James Murdoch, son of Rupert, landed in Venice on Thursday, too, as did another jet belonging to hedge fund billionaire John Griffin. Bezos, the world's fourth-richest person, owns three planes, according to JetSpy. Two of them, the G700 and a G650, have been hopping around the Mediterranean in recent days. At the moment, they're both parked across the Adriatic Sea in Dubrovnik. Bezos and Sánchez kicked off their pre-wedding celebrations on Tuesday with a foam party on his $500 million superyacht Koru, parked just off the Croatian coast. Tuesday also saw the first guests land in Venice, including Jared Kushner and Ivanka Trump. Fashion designer Diane von Furstenberg's G500 landed around midday, and she was photographed at the water-taxi dock. A Bombardier Global 7500 owned by her husband, the Fox cofounder Barry Diller, arrived in Venice around noon on Wednesday, per ADS-B Exchange data. Data from Flightradar24, which doesn't display most private-jet arrivals for privacy reasons, showed five large business jets were scheduled to land on Thursday. That's compared to two on Wednesday, one on Tuesday, and none on Monday. The Guardian reported that more than 90 private jets are expected to land in Venice before the celebrations begin.
New York Post
07-06-2025
- Business
- New York Post
Inside the first-of-its-kind, ‘luxury' college campus tour — and why it costs a mind-bending $300K for four days
These high schoolers are getting a lesson in luxury. College hopefuls will soon be able to tour universities like rockstars — zipping between campuses on a private jet, crashing in five-star hotels, and wining and dining their way to a decision. For a mind-boggling, all-inclusive $300,000, the college admissions consultancy group IvyWise will whisk away seven students — each with a parent in tow — on an opulent, first-of-its-kind tour of seven elite universities this fall. The four-day jaunt costs about as much as four years of tuiton at an Ivy League college. The maiden 'Elevation Experience' begins Oct. 13 in the Big Apple, where the families will visit New York and Columbia universities, before the parents enjoy dinner at either Casa Cipriani or Zero Bond. Students, meanwhile, will be treated to Samoa Sundaes at the celebrity hotspot Corner Store, according to IvyWise's CEO and founder, Dr. Kat Cohen. 5 Families will fly on a private Gulfstream G650 jet to each campus included in IvyWise's 'Elevation Experience' tour this fall. ETA Jets But that's just the beginning. Attendees will be chauffeured to the Four Seasons in Tribeca, where they'll stay for a night before boarding a private Gulfstream G650 jet that will whisk them to Princeton University in New Jersey — followed by a skip and a jump to Yale in New Haven, CT. Before the end of Day 2, the jet will arrive in Beantown, where the families will spend the next two nights at another Four Seasons hotel between tours of Boston's Massachusetts Institute of Technology and Harvard University, and dinner at ritzy Deuxave. 5 The Massachusetts Institute of Technology is one of seven university campuses the students will visit during the tour. Marcio – 5 The families will be put up in the Four Seasons Hotel Boston for two nights. Facebook/Four Seasons Hotel Boston The trip culminates with a flight to Washington, DC, for a campus tour of Georgetown University – complete with a meal at the esteemed Le Diplomate – before jetting back to Manhattan. Attendees can expect private tarmac pickups and chauffeured luxury cars every step of the way – as well as new bags to transport their belongings, courtesy of a not-yet-decided designer luggage brand that IvyWise will partner with, according to Cohen. As far as academic advice, IvyWise counselor Christine Chu – who previously worked as the assistant director of admissions at Yale and Georgetown – will be on board to ensure students are asking quality questions during campus info sessions, and that they're getting the full experience during each visit. 5 The 15-person jet will transport seven students — each with a parent — and an IvyWise counselor to each stop, complete with private tarmac pickups. ETA Jets 'So you're getting advice from an expert the entire time,' said Cohen – including before the trip, when IvyWise's staff will meet with students to create personalized reports. Post-tour, the IvyWise staff will help the students with filing college applications, writing essays and preparing for interviews with university administrators, Cohen continued. 'It's a very robust and extremely comprehensive service,' she said, adding that an international tour is already being planned for spring 2026. 5 Attendees will enjoy a ritzy dinner at Deuxave in Boston. Facebook/Deuxave 'A lot of families tell us that college visits are one of the most stressful parts of the admissions journey.' Cohen said. 'They want somebody to plan all of their travel, they don't want any hassle along the way, and they want to make sure they're going about the tours in the right way. This takes . . . all the stress out of it.' Except for the SATs.
