The Real Cost of Owning the Bombardier Global 8000

Bombardier Aircraft company is a multinational Aerospace and transportation company based in Montreal Canada founded in 1942 Bombardier has grown into a major player in the aviation industry with a focus on business Jets and Regional airliners the company has a strong reputation for producing high quality aircraft that are efficient reliable and safe over the years Bombardier has introduced a range of aircraft including the Challenger Global and legit Series in recent years Bombardier has faced some financial difficulties and has made a number of strategic moves to try to stabilize its business in 2018 Bombardier sold off its commercial aircraft division to focus on its business Jetline despite these challenges Bombardier has continued to innovate and introduce new products in 2022 the company unveiled its latest Business Jet the global 8000. the global 8000 features a spacious cabin Advanced avionics and Cutting Edge technology to provide passengers with a comfortable and luxurious travel experience with the introduction of the global 8000 Bombardier has once again demonstrated its commitment to Excellence in aviation well Bombardier Global 8000 will provide its owner with everything that is expected from an aircraft but owning it couldn't be as easy as it seems besides buying costs there are many other costs related to owning one so this video we will take a deep look at the price of owning this aircraft before we get on to that please consider liking and subscribing to our Channel it helps us a lot with the YouTube algorithm and lets us know that we are helping to enrich Lots out there if you are into Aviation have a look at our new Aviation compilation Channel Aviation Central it is the first link in the description and we would highly appreciate it so without further Ado let's begin the video in 2010 the company announced the development of the global 7500 and Global 8000. with the global 8000 scheduled to release in 2017. the global 8000 was set to be even faster and more luxurious with a range of up to 8 000 nautical miles however Bombardier faced several challenges during the development process which caused the release dates to be delayed one of the main reasons for the delay was the decision to redesign the wings for better high-speed performance and efficiency despite these challenges Bombardier was determined to produce the best possible product and the company continued to invest heavily in the development of these two aircraft the global 7500 was finally released in 2018 two years later than originally planned to rave reviews from industry experts and customers alike unfortunately the global 8000s release date has been pushed back further to 2025 due to other unforeseen challenges since its Inception Bombardier has been committed to producing high quality state-of-the-art air crowd that meet the needs of discerning customers in the business and Commercial Aviation sectors Global 8000 is a large Business Jet that offers exceptional Comfort performance and range capabilities the aircraft boasts a spacious cabin measuring 45.6 feet in length 8.2 feet in width and 6.25 feet in height with a total cap and volume of 2 236 cubic feet this aircraft offers ample space for up to 14 passengers with a maximum configuration seating of 17. the cabin is designed with the utmost attention to detail featuring comfortable seating Advanced Entertainment Systems and state-of-the-art Technology to ensure a luxurious travel experience moreover the baggage compartment is equally impressive with a capacity of up to 28 bags assuming that the average piece of luggage is less than five cubic feet this makes it easy for passengers to carry all the necessary belongings and equipment for their Journey whether it be for business or pleasure one of the key features of the Bombardier Vision flag Tech is its next Generation fly-by-wire technology which allows pilots to control the aircraft with greater precision and ease than ever before this technology also enhances the aircraft's safety and reliability making it a popular choice among pilots and passengers alike but the cockpit of the global 8000 isn't just functional it's also designed with comfort in mind with its spacious layout and ergonomic controls Pilots can operate the aircraft for hours on end without experiencing fatigue or discomfort well one of the key features that make the Bombardier Global 8000 such an impressive aircraft is its General Electric passport engine with a maximum thrust of Sixteen thousand five hundred pounds of force this engine is specifically designed to provide the power and performance necessary for a large long-range Business Jet like the global 8000 but the passport engine isn't just powerful it's also highly efficient it produces less nitrogen oxides emissions than many other engines in its class making it a more environmentally friendly option for those who are conscious of their carbon footprint Additionally the passport engine requires less fuel burn consuming up to eight percent less fuel than other engines in its class in May of 2021 the Bombardier Global 8000 made headlines when it achieved impressive speeds over Mach 1 0 1 5. during a demonstration flight with a global 7 500 flight test vehicle this feed which was accompanied by a narset fa-18 Chase plane was a major step towards the global 8000s goal of becoming the fastest business jet in the world of course it's not just the engine that makes the global 8000 such an impressive aircraft with a travel range of 7 900 nautical miles this aircraft is capable of flying non-stop from New York to Dubai or from Sydney to Los Angeles it can reach a maximum Cruise speed of 487 knots making it one of the fastest business Jets on the market and with a service ceiling of 51 000 feet it can soar high above most weather in air traffic ensuring a smooth and comfortable Journey for all on board all in all the Bombardier Global 8000 is an aircraft that truly embodies the spirit of innovation and Excellence that Bombardier is known for with its Advanced engine technology impressive range and speed capabilities and luxurious cabin amenities it is a top-of-the-line choice for anyone looking to travel in style and comfort pretty impressive right as we enter the last part of the video please consider liking and subscribing to our Channel here comes the most important part of the video what is the actual price of owning a bombardier Global 8000 bombardier's announcement of the global 8000 in 2010 generated buzz in the aviation industry as the company set out to create a unique and high performing Business Jet that could compete Against The Gulfstream G650 as of last year Bombardier has produced 100 units of the global 7 500 signaling a ramp up in deliveries of the aircraft however no Global 8000 models have been delivered yet as the aircraft is scheduled for release in 2025 despite its high price point the global 8000 has generated interest among High net worth individuals and corporations seeking luxury air travel with top of the line features and capabilities well when it comes to operating an 8 000 aircraft hiring a well-trained and experienced crew is Paramount these planes require a crew of two pilots and two flight attendants to operate efficiently ensuring a safe and comfortable flight for passengers however it's important to note that experience comes with a hefty price tag the cost of hiring a crew for a global 8000 can vary widely depending on a variety of factors such as experience location and qualifications however on average the cost for a crew of four per annum is approximately six hundred and twenty eight thousand nine hundred and fifty dollars aircraft hangers are not only essential for the protection of an aircraft from the elements but also for security purposes the cost of a hanger however can be quite Steep and is influenced by several factors the amount of space the aircraft occupies plays a significant role in determining the price of a hanger the bigger the aircraft the higher the cost of the hangar Additionally the maximum takeoff weight of the aircraft can also affect the cost of the hanger if the aircraft is too heavy it may require a larger and more expensive hanger the airport location is another significant factor in determining the cost of a hanger a hanger in a prime location such as JF hickey International Airport will undoubtedly cost more than one in a small airport in Arizona finally the amenities available at the airport also affect the Hanger's cost if the airport offers various services such as fueling maintenance and cleaning services the Hanger's cost will be higher for Bombardier Global 7 500 or 8000 the estimated average hanger cost is 135 thousand dollars now let's talk about insurance for any aircraft insurance is an absolute necessity business Jets like the global 8000 are no exception when it comes to ensuring these aircraft two main types of insurance come into play liability insurance and home insurance liability insurance is mandatory by law and covers damages injury or loss caused by the operation of the aircraft to third parties including passengers persons on the ground or cargo all insurance on the other hand covers damage to the aircraft itself it pays out to carry out repairs on the aircraft and also covers cases where the aircraft is destroyed or cannot be repaired providing a payout for the plane's value the average insurance cost for a bombardier Global 8000 is around forty five thousand dollars the global 8000 is not just any ordinary aircraft it is a pinnacle of luxury comfort and technology in the aviation industry Bombardier aims to produce the best business jets that money can buy and the global 8000 is a testament to their commitment it is marketed towards individuals who want nothing but the best and aren't worried about the price tag with a starting price of 78 million dollars it is a significant investment but the global 8 000 is worth every penny so could you go it will cost you approximately 1.7 million dollars annually to own a bombardier global 8000. depending on the variable costs such as fuel prices maintenance costs and engine overhaul the price to own a bombardier Global 8000 may increase up to 2 million dollars well guys that's it for the video click the links to check out some of our other videos moreover don't forget to like share and subscribe for more content like this we have many great videos coming up see you in the next video

Channel: JetStream

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Id: pY2OnVDUjV4

Length: 10min 51sec (651 seconds)

Published: Mon May 08 2023