How Much Does a Bombardier Plane Cost? Discover the Prices Today

The private jet market is vast and varied, offering different models for every need. Bombardier stands out with its luxurious, tech-forward fleet.

New Bombardier planes are priced from around $11 million for a Learjet 70 up to $72 million for the lavish Global 7500. With a spectrum of models, there’s a wide array of price points—Learjets are more affordable, while the Global 7500 sits at the pinnacle of luxury.

The History of Bombardier as an Aircraft Manufacturer

Bombardier Aerospace is a renowned aviation company that specializes in designing, manufacturing, and supporting aviation products. With a skilled workforce of around 27,000 employees, they operate in both business and regional aircraft sectors, as well as offering training and service solutions.

The company has a diverse lineup of aircraft, from smaller private jets like the Learjet 75 Liberty, priced at $9.9 million, to the ultra-long-range Global 7500 with a list price of $73 million. Other well-known models in their portfolio include the Global 6500, which sells for $56 million, and the Global 6000.

Bombardier’s aircraft cater to different needs and preferences, offering a range of options for potential buyers. For example, the Learjet 75 Liberty is designed to compete with Cessna and Embraer in the private jet market, while the Global 7500 provides luxury and range for those who desire private, long-distance travel.

In terms of operating costs, expect to spend a significant amount on maintenance, fuel, and other expenses. For instance, the Global 7500 has an estimated hourly charter price of $15,900, while the annual fixed cost for operating the Global 6000 is a whopping $745,925.

Types of Bombardier Aircraft Produced

Bombardier Aviation has a diverse portfolio of aircraft spanning various categories to cater to the increasing demand for efficient and reliable air travel solutions. Their aircraft offerings include business planes and regional jets with exceptional standards of quality, comfort, and performance.

One of their most popular aircraft is the Bombardier Global 7500, setting the standard for ultra-long-range business jets. With a range of 7,700 nautical miles, the Global 7500 can easily connect some of the world’s most distant cities. Its spacious and luxurious cabin offers unparalleled levels of comfort to ensure a pleasant flight experience for its passengers.

Another impressive aircraft in their lineup is the Bombardier Global 6500, featuring advanced high-speed performance, innovative design, and exceptional comfort. The Global 6500 provides a smooth ride with a maximum range of 6,600 nautical miles, making it perfect for long-haul flights.

The Bombardier Global 6000 is also a notable contender in the long-range business jet category. Boasting superior speed, range, and cabin amenities, this aircraft offers the perfect balance of performance and luxury, accommodating up to 17 passengers with ample space and privacy.

Bombardier is known for its Learjet series, which offers a more affordable and accessible option for those looking for a private jet experience. One prominent member of this series is the Learjet 75 Liberty, priced at $9.9 million. This jet provides an ideal combination of performance, efficiency, and comfort for up to 9 passengers.

The Bombardier Challenger 350 is another popular option, designed for both performance and luxury. With a price range of $21 to $23 million for models produced between 2018 and 2022, this jet offers exceptional value for money. Its impressive range of 3,200 nautical miles and maximum cruising speed of Mach 0.83 make it a top choice for business travelers.

The Bombardier Challenger 600 series served as a game-changer in the world of private aviation, with the Challenger 650 being the latest iteration. Powered by two GE CF34-3B turbofan engines, this model offers a range of 4,000 nautical miles and a maximum speed of Mach 0.85, making it a reliable choice for long-distance flights.

Types of Bombardier Aircraft and Their Costs

Description of Different Aircraft Types

Bombardier Aviation offers a variety of aircraft tailored to different needs and preferences. Here are some popular models:

Learjet 75: This aircraft offers a range of 2,040 nautical miles, a cruise speed of 465 knots, and a maximum speed of 534 knots. It can accommodate up to 9 passengers. The Learjet 75 features a comfortable cabin with executive seating, storage compartments, and a baggage capacity of 50 cubic feet.

Challenger 350: The Challenger 350 is a versatile aircraft, covering an impressive range of 3,200 nautical miles. It has a top speed of 488 knots and a cruise speed of 459 knots. The cabin can comfortably seat up to 10 passengers. This model includes a spacious cabin, allowing passengers to recline, and 106 cubic feet of baggage capacity.

Challenger 650: This aircraft has a range of 4,000 nautical miles, with a cruise speed of 488 knots and a maximum speed of 541 knots. It can accommodate up to 12 passengers. The Challenger 650 features a well-appointed cabin, comfortable seating, and 115 cubic feet of baggage capacity.

Global 6000: This aircraft offers a range of 6,000 nautical miles, a cruise speed of 488 knots, and a maximum speed of 590 knots. It can accommodate up to 17 passengers. The Global 6000 features a spacious cabin with luxury seating, storage compartments, and a baggage capacity of 195 cubic feet.

Global 7500: The Global 7500 is Bombardier’s flagship aircraft, covering an impressive range of 7,700 nautical miles. It has a top speed of 610 knots and a cruise speed of 528 knots. The cabin can comfortably seat up to 19 passengers. This model includes a club suite, allowing passengers to recline, and 210 cubic feet of baggage capacity.

Global 5500: This aircraft has a range of 5,900 nautical miles, with a cruise speed of 500 knots and a maximum speed of 590 knots. It can accommodate up to 16 passengers. The Global 5500 features a well-appointed cabin, comfortable seating, and 174 cubic feet of baggage capacity.

Breakdown of Bombardier Aircraft Costs

The cost of owning a Bombardier aircraft involves various factors such as price, fixed costs, variable costs, and other miscellaneous expenses.

Price: The list price of these aircraft varies based on the model, with the Global 6000 priced at around 45 million USD, while the Global 7500 costs around 73 million USD, and the Global 5500 is approximately 46 million USD.

Fixed Costs: These expenses include hangar fees, interest payments, crew salaries, insurance, and other routine costs. For the Global 6000, the fixed costs amount to just over USD $1 million annually.

Variable Costs: These costs depend on factors such as fuel burn, crew training, and maintenance services. For the Global 6000, the total variable costs amount to $2,677,950 annually, or $8,209.44 per hour.

Insurance: Aircraft owners need to have liability insurance, hull insurance, aviation hull war insurance, and crew insurance. These costs vary depending on the aircraft model and level of coverage.

Fuel Efficiency: The Global 5500 and 7500 models feature Pearl engines, which provide improved fuel efficiency compared to older models.

Who Buys Bombardier Aircraft?

Typical Customers

Bombardier aircraft are often used in business aviation, catering to high net worth individuals, executives, and corporations. These luxury private jets offer advanced features, comfort, and efficient long-range capabilities. Some buyers include:

• Corporations: Companies that require efficient global travel for their executives and personnel opt for Bombardier aircraft to maintain a high level of productivity and comfort while flying.
• Private Individuals: Affluent individuals who value convenience, privacy, and personalized service are among the buyers of Bombardier aircraft.
• Charter Companies: Firms that operate private jet charter flights purchase Bombardier planes for their premium offerings, catering to their clients’ varied needs and preferences.

Notable Purchases

Several high-profile purchases of Bombardier aircraft showcase their popularity in the elite market segment:

• In 2020, a businessman listed his brand-new Bombardier Global 7500 for sale, with a price tag of $70 million. This long-range jet boasts an unparalleled range of 7,700 nautical miles for its class.
• Bombardier recently sold a Global 6500 to an undisclosed buyer. The aircraft costs between $58 million for a 2023 model and $45 million for a 2019 model, as per Aircraft Bluebook’s Spring 2023 data.
• Bombardier Global Express models frequently change hands among private owners, with a 2004 model recently listed after undergoing a fresh paint job and interior renovation.

While Bombardier aircraft are a substantial investment, purchasers prize their ability to comfortably traverse long distances, maintain productivity, and receive personalized service.

Comparison between Bombardier and Other Manufacturers

Cost Comparison

When comparing Bombardier aircraft prices with other manufacturers, it is important to consider the different types of planes they each offer. For example, the Bombardier Global 6000 price ranges between $35 million and $62.3 million, while the Bombardier Challenger 350 price ranges between $21 million and $23 million.

Comparing these prices with other manufacturers, such as Gulfstream, Dassault Falcon, or Embraer, we can observe some differences. For instance:

• Gulfstream G600: Price range of $55 million to $60 million
• Dassault Falcon 8X: Price range of $58 million to $60 million
• Embraer Praetor 600: Price range of $21 million to $22 million

Factors Influencing Cost Differences

There are several factors that contribute to the cost differences between Bombardier aircraft and those of other manufacturers. Some of these factors include:

1. Management: Bombardier, as well as other manufacturers, invests heavily in management systems and processes, aiming to increase efficiency, improve quality, and reduce delivery lead times. This can impact the overall cost of their aircraft.
2. Fuel efficiency: A key aspect for buyers is the fuel efficiency of an aircraft, which directly influences operating costs. Aircraft from different manufacturers may have varying fuel efficiency rates, depending on the technology and design used in the engines and airframes.
3. Efficiency: Operational efficiency is another important consideration, as it affects the level of personnel and resources needed to maintain and operate the aircraft. For example, planes with more efficient systems and designs may require fewer flight crew, maintenance staff, or support resources.
4. Galley: The design and features of the aircraft’s galley can also impact the price. High-quality galleys with advanced appliances and materials may increase the overall cost of the aircraft but also add to the comfort and convenience onboard.

Can Individuals Purchase These Bombardier Aircraft?

Yes, high net worth individuals can purchase Bombardier aircraft, specifically their business jets. The most common Bombardier jets purchased by individuals are the Global series and the Challenger series.

The Process and Requirements for Individual Purchase

To purchase a Bombardier jet, you will need to start by browsing the available pre-owned jets on Bombardier’s website. You can contact their sales team to inquire about the purchase, sale, or trade-in of pre-owned private airplanes.

The factors affecting the price of a Bombardier aircraft include the age, condition, size, and model of the jet. For instance, the cost of a new Global 5500 jet ranges from $47 million, while a new Global 7500 can reach up to $81 million according to Aircraft Bluebook’s Spring 2023 data. However, used jets are available at a lower cost.

When purchasing a Bombardier jet, other factors to consider are:

• Financing options
• Insurance requirements
• Maintenance costs
• Aircraft registration

Feasibility of Individual Ownership

Ownership of a Bombardier jet is feasible for individuals with substantial financial resources. However, there are expenses to consider beyond the initial purchase price, such as:

• Operating costs, including fuel, pilot salaries, and landing fees
• Maintenance and potential repairs
• Storage, as these aircraft require hangar space

You can expect the estimated hourly charter price for a Bombardier Global 7500 to be around $15,900.

Operating Costs of Bombardier Aircraft

Breakdown of Operating Costs

When it comes to operating a Bombardier plane, there are several costs to consider. One of the primary expenses is the hourly charter price. For example, the Bombardier Global 6000 has total variable costs of $2,677,950.00 per year, based on 450 annual owner-operated hours and a $7.00-per-gallon fuel cost. This equates to $8,209.44 per hour.

Another significant component of operating costs is hangar costs. While hangar costs vary widely depending on the location and facility, they are a necessary expense for maintaining and storing your aircraft.

Insurance costs are also an essential factor. The cost of insurance depends on factors like the aircraft’s value, usage, and operator experience. It’s crucial to factor this expense into the overall operating costs of a Bombardier plane.

Here’s a quick breakdown of the main operating costs:

• Hourly charter price: $8,209.44 per hour for a Bombardier Global 6000
• Hangar costs: Varies depending on location and facility
• Insurance costs: Factors include aircraft value, usage, and operator experience

Return on Investment for Buyers

When purchasing a Bombardier plane, it’s essential to consider the return on investment (ROI) that the aircraft can deliver. In many cases, the return on investment might involve chartering the plane out when not in use, which can help offset costs and generate additional revenue.

To estimate ROI, buyers should do a thorough calculation, considering all operating expenses, financing options, and the potential revenue from chartering the aircraft. By understanding the costs involved in owning and operating a Bombardier plane, buyers can make informed decisions to ensure that they receive the best possible return on their investment.

Current Status of Bombardier in the Aviation Industry

Today, Bombardier focuses on the manufacturing of private airplanes, with well-known offerings such as the Global Express and the Challenger series. Over the years, the company has expanded its range of aircraft to include the Bombardier 415 amphibious water-bomber.

Bombardier continues to hold an established role in the aviation industry, complying with regulatory bodies like the Federal Aviation Administration. In 2018, 137 Bombardier aircraft were delivered to customers worldwide.

In the pre-owned market, Bombardier aircraft remain in active service and command competitive prices. For instance, the Bombardier CRJ 200 had an initial price range of $18 million in 1994, which appreciated to $31-$39 million in 2019.

Final Thoughts on Bombardier Aircraft

Bombardier plane prices vary by model and year. A 2018-2022 Challenger 350 falls between $21 million and $23 million, while a Global 7500 goes for $73 million. The Learjet 75 Liberty, at $9.9 million, rivals Cessna and Embraer.

Purchasing a Bombardier aircraft is a significant investment, requiring a deep dive into each model’s features and capabilities. Remember, operating expenses like fuel, maintenance, and crew are crucial in evaluating an aircraft’s overall value.

Bombardier’s lineup meets diverse needs in the private jet sector, offering options for range, capacity, and luxury. When choosing, weigh your requirements and preferences against the costs and advantages of each model. Sometimes, a used plane might offer the best value, depending on its state and background.