Deliveries of the Bombardier Challenger 350 began in 2014, with deliveries continuing to today. 390 Challenger 350 aircraft are currently in active service.
The Challenger 350 is a popular aircraft thanks to its excellent performance characteristics and efficient operating costs.
Flying the Bombardier Challenger 350 for 350 hours per year results in an annual operating budget of $3,214,953.
Of this total cost, the Challenger 350 has annual fixed costs of $823,053 and hourly variable costs of $6,834.
On the pre-owned market the average price of the Challenger 350 comes in at $22 million, with a low price of $17.6 million and a high of $26.7 million.
Naturally, this cost will vary depending on many factors – such as fuel price, region of operation, mission type, and more.
| 200 hours per year | 350 hours per year | |
|---|---|---|
| Total Fixed Costs | $823,053 | $823,053 |
| Total Variable Costs | $1,366,800 | $2,391,900 |
| Total Annual Operating Cost | $2,189,853 | $3,214,953 |
Bombardier Challenger 350 Annual Budget Calculator
Use the calculator below to calculate the estimated annual budget to operate the Bombardier Challenger 350.
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 Challenger 350.
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 Challenger 350 Annual Budget:
$0 per Year
Acquisition Cost & Depreciation
When it comes to the cost of acquiring a Bombardier Challenger 350, several factors come into play, including the year of manufacture, aircraft history, and flight hours.
When new, the Bombardier Challenger 350 typically had a base price ranging from $26 million to $26.7 million, depending on the model year.
For example, the 2022 factory anthropological list price was $26.7 million.
On the pre-owned market, the prices vary significantly, with a 2014 model of the Challenger 350 being able to be purchased for around $17.6 million.
Models from the last few years, such as those from 2022, can cost up to $26 million.
The Bombardier Challenger 350 experiences an annual depreciation rate of approximately 5%.
Overview of Bombardier Challenger 350
The Challenger 350 can accommodate up to 10 passengers, with a maximum baggage capacity of 106 cubic feet.
When in its optimum configuration, the Bombardier Challenger 350 can cruise non-stop for up to 3,200 nautical miles (3,682 miles / 5,926 km).
However, when configured for the fastest cruise speed, the Challenger 350 can maintain a cruise speed of 448 knots.
The Bombardier Challenger 350 can cruise at up to 45,000 feet. Additionally, the Challenger 350 has an average hourly fuel burn of 330 Gallons per Hour (GPH).
Thanks to its Honeywell HTF7350 engines, the Challenger 350 has a total thrust output of 14,646 lbs.
Fixed Vs Variable Costs
When you own a private jet, you have to deal with fixed costs and variable costs.
Fixed costs are the same every month, no matter how much you fly. These include things like hangar rental, insurance, crew salaries, and maintenance.
They stay the same whether you fly a lot or hardly ever.
Variable costs, on the other hand, change with how much you fly. They include fuel, landing fees, food for passengers, and unexpected repairs.
The more you fly, the more these costs add up. Knowing the difference helps you plan your budget and figure out if owning a jet is worth it.
Featured Image: Carlos Yudica / Shutterstock.com