Summary Newer models of the Embraer Phenom 300 cost $9.8-11.5 million, whereas older models can be found as low as $5.
75 million. Operating costs average $8.65 per mile, flying 200 hours per year and $6.
60 per mile, flying 400 hours. For 300 flying hours, the annual budget is $1.7 million with annual fixed costs at $480,603 and variable costs at $738,036 plus depreciation.
The Phenom 300 is a light business jet produced by Brazilian aerospace manufacturer Embraer . The aircraft first flew in April 2008 and was certified in December 2009 and is still in production today. There have been over 800 deliveries of the Embraer Phenom 300 and it has been one of the most delivered business jets of all time.
What is the cost of such an aircraft and how much does it cost to operate it? Let's take a look in more detail. Purchase price According to Aircraft Bluebook , newer models of the Embraer Phenom 300 built between 2019 and 2023 can be purchased in the range of $9.8 million to $11.
5 million. Straight from the assembly line, an Embraer Phenom 300E, would be upwards of $11.5 million depending on configuration and customization.
A pre-owned older model of the business jet can cost as little as $5.75 million. Interested in finding out more about private aviation? Find more articles like this here Creating an annual budget and cost per mile If we look first at creating an annual budget based on flying 200 hours per year, we can approximate $721,111 per year.
Although the aircraft's top speed is 521 miles per hour, taking into consideration lower speeds during climb, cruise and descent, the average is 417 miles per hour. That equates to a cost per mile of $8.65, assuming a $6.
00 cost for a gallon of fuel. On the same premise, taking a look at a budget for 400 hours flying time, and fixed costs being spread over the year, the cost per mile works out at $6.60 and an annual budget of $1,100,264 per year.
The budget does not include the initial aircraft purchase price. (Data from Liberty Jet ) Cost Flying 200 hours/year Flying 400 hours/year Direct Operating Costs (DOC) Fuel Cost @ $7.23/gal Updated to Nat'l Avg Each Week $228,468 $456,936 Maintenance $41,697 $83,394 Engine Overhaul $63,987 $127,975 Misc Crew/Landing/Handling $40,000 $80,000 Miscellaneous Variable $5,000 $10,000 Total Direct Operating Costs (DOC) $379,152 $758,305 Fixed Costs Crew $200,371 $200,371 Crew Training $26,201 $26,201 Hangar $31,360 $31,360 Insurance $22,010 $22,010 Jet Management $48,000 $48,000 Miscellaneous Fixed $14,017 $14,017 Total Fixed Costs $341,959 $341,959 Total Annual Budget $721,111 $1,100,264 Alternative costing for 300 hours Guardian Jet looks at the cost of 300 hours of flying per year.
The annual fixed cost includes crew salary, hangar, insurance and miscellaneous and would require an annual budget of $480,603. The variable hourly costs include fuel, maintenance, engine reserves and miscellaneous, requiring a budget of $2,460.12 per hour.
The annual summary would be: Annual fixed costs: $480,603 Variable costs per hour: $2,460.12 per hour x 300 hours = $738,036 Total operating costs: $1,712,389 (including 5% depreciation on purchase price) Average price of Phenom 300: $9,875,000 Adding charter Another option to really maximise the purchase and costs, would be to have 450 owner hours plus added charter of 200 hours. So, assuming the same price of fuel at $6 per gallon, 450 owner hours alone would need a total annual budget of $1,727,927, which breaks down to $3,839.
84 per hour. Adding 200 charter hours, the annual budget becomes $1,473,527, which breaks down to an hourly cost of $3,274,50 per hour. Embraer Phenom 300 Flying 450 hours per year 450 hours per year plus 200 charter Annual owner hours 450 450 Annual charter hours 0 200 Fuel cost $6.
00 $6.00 Total fixed cost $633,537.00 $379,127.
00 Total variable cost $1,094,400.00 $1,094,400.00 Annual budget $1,727,927.
00 $1,472,537.00 Total hourly cost $3,839.84 $3,275.
50 About the aircraft The Embraer Phenom 300 was developed from the Phenom 100, and the intention was to meet the demand for a business jet that could seat more passengers. So, some elements of the original design stayed the same. The cabin was stretched, and more powerful engines were added.
The new design had spoilers and winglets too. The aircraft could seat nine passengers and two crew, but typically seats six to eight passengers although it can also be a single pilot operation. The Phenom 300 has Pratt & Whitney Canada PW535E turbofan engines that produce 3360 pounds of thrust.
It has a range of 1,992 nautical miles or 3689 kilometers. It can fly up to a ceiling of 45,000 feet, higher than its predecessor, and at a speed of Mach 0.78 or 446 knots or 826 kilometers per hour.
The cockpit is fitted with the Garmin G1000 avionics suite. A small galley can be fitted in place of a seat opposite the entry door, and there is a fitted lavatory at the rear. Aircraft specifications (Phenom 300E) (Data from Embraer) General characteristics Crew: 1 or 2 pilots Capacity: 6–8 passengers (standard configuration) Length: 15.
64 m (51 ft 4 in) Wingspan: 15.91 m (52 ft 2 in) Height: 5.1 m (16 ft 9 in) Max takeoff weight: 8,414.
59 kg (18,551 lb) Fuel capacity : 2,428 kg (5,353 lb) Cabin height : 1.5 m (4.9 ft) Cabin width : 1.
6 m (5.1 ft) Cabin length : 5.23 m (17.
2 ft) Powerplant: 2 × Pratt & Whitney Canada PW535E1 turbofans, 15.471 kN (3,478 lbf) thrust each Performance Maximum speed: 980 km/h (610 mph, 530 kn) at FL330 Cruise speed: 859 km/h (534 mph, 464 kn) Range: 3,723 km (2,313 mi, 2,010 nmi) with IFR reserves, 5 occupants Service ceiling: 13,716 m (45,000 ft) Time to altitude: FL 450 in 24 minutes Read More: How Much Does It Cost To Operate A Bombardier LearJet 75? Popularity and upgrades In 2013, just a few years after it was first introduced, it was the most delivered business jet, with 60 units being produced. By March 2019, the 500th aircraft had been delivered.
In 2018, an upgraded version was launched with a new interior, ground power mode was added to the engines, and the avionics upgraded to the Garmin G3000 Prodigy Touch avionics suite. In 2020, the Embraer Phenom 300 was upgraded again and renamed the Phenom 300E. More powerful PW535E1 engines were added that added range and speed.
The avionics were updated with stabilized approach, predictive wind shear awareness and runway overrun awareness and alerting system. A medivac version of the aircraft was introduced the same year. Related: Embraer Debuts The Phenom 100EX At LABACE 2024.
