The Bombardier Challenger 604 is part of the popular Challenger 600 series of aircraft.
Deliveries began in 1996 and ran all the way to 2007. Today there are just over 360 Challenger 604 aircraft in service.
Flying the Bombardier Challenger 604 for 350 hours per year results in an annual operating budget of $3,365,152.
Of this total cost, the Challenger 604 has annual fixed costs of $903,952 and hourly variable costs of $7,032.
On the pre-owned market the average price of the Bombardier Challenger 604 comes in at $8.3 million, with a low price of $7.3 million and a high of $9.3 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 | $903,952 | $903,952 |
| Total Variable Costs | $1,406,400 | $2,461,200 |
| Total Annual Operating Cost | $2,310,352 | $3,365,152 |
Bombardier Challenger 604 Annual Budget Calculator
Use the calculator below to calculate the estimated annual budget to operate the Bombardier Challenger 604.
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 604.
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 604 Annual Budget:
$0 per Year
Acquisition Cost & Depreciation
When it comes to the cost of acquiring a Bombardier Challenger 604, several factors come into play, including the year of manufacture, aircraft history, and flight hours.
When new, the Challenger 604 typically had a base price of $27 million. Naturally, this price could go higher depending on the options and configuration selected.
On the pre-owned market, the prices vary significantly, with a 1996 model of the Challenger 604 being able to be purchased for around $7.3 million.
Models from the last few years, such as those from 2005, costing around $9.1 million.
The AIRCRAFT experiences an annual depreciation rate of approximately 2.15%.
Overview of Bombardier Challenger 604
The Challenger 604 can accommodate up to 12 passengers, with a maximum baggage capacity of 115 cubic feet.
When in its optimum configuration, the Bombardier Challenger 604 can cruise non-stop for up to 3,751 nautical miles (4,317 miles / 6,947 km).
However, when configured for the fastest cruise speed, the Challenger 604 can maintain a cruise speed of 490 knots.
The Bombardier Challenger 604 can cruise at up to 41,000 feet. Additionally, the Challenger 604 has an average hourly fuel burn of 289 Gallons per Hour (GPH).
Thanks to its General Electric CF34-3B engines, the Challenger 604 has a total thrust output of 17,458 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: Kristina Postnikova / Shutterstock.com