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Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 - Celebrities - Nairaland

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Photos Of Davido's Private Jet As It Lands In Nigeria / A Confirmation That Davido Bought A Private Jet? (See Photo) / Air OBO!!! Davido Buys Private Jet, See The Documents (2) (3) (4)

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Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by autojosh: 10:16am On May 10, 2018
Buying a private jet no be beans. Even the super-wealthy cringe at the idea.

Some super-wealthy individuals, who actually might be able to afford one, do not consider it a wise financial decision.

Sean “P Diddy” Combs, the Forbes-listed hip-hop mogul, not too long ago admitted that he could not afford owning a complete private plane. Well, he does actually own a wing of a private jet. He co-owns it with someone else.

It was recently rumoured that mega-star Celine Dion’s Bombardier BD 700 Global Express XRS was put up for sale, ostensibly, due to the high maintenance cost.

Now, back to the Davido’s jet acquisition claim.

Until we see the aircraft “kororo” at MMIA, together with the documentation bearing his name, it remains just a rumour.

However, here are a few things you should know about how much it costs to own and maintain a Challenger 605.

1. To buy a brand new Bombardier Challenger 605 be ready to part with approximately $27m.

2. If you cannot afford a brand new one, you could settle for a tokunbo (used) one. A used vintage 605 goes for $15m.

3. The cost of flying a private jet depends on the number of hours it flies and the nautical miles it travels. For instance, if it travels 175,000 nautical miles and 423 hours per year, owners should anticipate variable expenses of $1,515,813 annually.

4. The greatest chunk of the expenses on a 605 is spent on fueling it. Actually, about 65% of the cost of operating a 605 it is spent on fueling it.

5. The cost of fueling a 605 is estimated at $2,346 per hour out of a total variable cost of $3,583 per hour.

6. The 605 is estimated to use 329 gallons of fuel per hour.

7. So, in a singe year, the total cost of ownership of the Bombardier Challenger 605 is $3,481,595 including market depreciation of ($1,240,920) or $5,342,974 including book depreciation of $3,102,300. Both figures include fixed costs per year of $724,861.

8. Here is a summary of the cost involved in owning and maintaining a Challenger 605.
Crew Salaries – Captain $138,000
Crew Salaries – Co Pilot $95,000
Crew Salaries – Flight Attendant $75,000
Crew Salaries – Benefits $92,400
Hangar – Typical $59,900
Insurance – Hull $31,023
Insurance – Single Limit Liability $12,500
Recurrent Training $66,800
Aircraft Modernization $33,333
Navigation Chart Service $15,205
Refurbishing $94,500
Computer Maintenance Program $10,500
Weather Service $700
Total Fixed Cost per Year $724,861

Credit for some of the information: SherpaReport


https://autojosh.com/davidos-private-jet-see-how-much-it-costs-to-own-and-maintain-a-challenger-605/

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Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Aldebaran(m): 10:26am On May 10, 2018
Hmmm

Do you know the meaning of
born with a silver spoon in mouth

It simply means Born into a wealthy family

And DAVIDO is a typical Example

No music or nollywood artists should try that...

Even Footballers that tried it came out with a Bald Head -Ask Amokachi grin

The money Davido makes from Entertainment can never buy that JET...

278 Likes 20 Shares

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by olatunjithomas(m): 10:37am On May 10, 2018
Well, after purchasing the jet, all you income from entertainment industry goes straight to the purse of the Aviation industry.

hope you wont sell Chefchi's Porsche to fuel it.

You learn how to cut down a tree by practically cutting it down.

25 Likes 3 Shares

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by bigtt76(f): 10:40am On May 10, 2018
Forget that thing ....He probably has a retainership with the flight charter company. That jet is not his! Stop over hyping things grin

131 Likes 1 Share

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by SUPERPACK: 10:46am On May 10, 2018
even c.ronaldo that owns one, normally rent his own out to cut maintenance cost, and he is worth over $200m.

54 Likes 2 Shares

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Nobody: 2:45pm On May 10, 2018
grin

4 Likes 2 Shares

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by AprokoGirl: 2:46pm On May 10, 2018
grin
Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Demmama7(m): 2:47pm On May 10, 2018
The so called Jet is yet to arrive and its already trending. That means when the jet finally arrive, person no go drink water drop cup again be that nah.

20 Likes 1 Share

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Nobody: 2:47pm On May 10, 2018
Davido did not buy any Jet.
he may have rent a Jet for a year.

45 Likes 1 Share

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by swiz123(m): 2:47pm On May 10, 2018
Nigerians are so gullible that I am even ashamed to be called a Nigerian.

Is Davido worth 27 million dollars??

If he can actually folk out 27 M dollars in cash to buy a jet, then he certainly has more in cash, and his networth, worth even more.

Many super celebs davido wouldn't qualify as their laundry man can't afford to buy and maintain a jet; how come davido suddenly wants to buy one; a 605 challenger for that matter in the wake of purchasing a self aclaimed 45M Porsche for his ugly girlfriend.

When did he become that rich?

The poster above me said the truth; he wants to rent a jet, show it off to gullible Nigerians for 1 year, then return it.

103 Likes 2 Shares

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Iamdmentor1(m): 2:47pm On May 10, 2018
The art of stratagem is sacrosanct
Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by VivaLaFrans: 2:47pm On May 10, 2018
Some are saying it's impossible for Davido to purchase it. I tell you I still marvel how these artists make their money. Believe me they are richer than footballers or any other athletes, why, because they are music entertainers loved by both sex

1 Like

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by KidsNEXTdoor: 2:47pm On May 10, 2018
Did davido buy this forum pls sad

24 Likes 2 Shares

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Jenomtwist(m): 2:48pm On May 10, 2018
Just clear Road 4 0B0.Talking Billies

1 Like

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Emmaus12: 2:48pm On May 10, 2018
Davido is simply going about his business, SHOW BUSINESS. make una dey carry panadol for in matter....SMH

13 Likes

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Jenomtwist(m): 2:49pm On May 10, 2018
bigtt76:
Forget that thing ....He probably has a retainership with the flight charter company. That jet is not his! Stop over hyping things grin
Niqqa u broke.get u a life and shut up

3 Likes

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by rozayx5(m): 2:49pm On May 10, 2018
he cant afford that



davido just knows how to trend

18 Likes

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by viqueta(m): 2:49pm On May 10, 2018
what's our bleeping business?
Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Lamiri(m): 2:49pm On May 10, 2018
Really still at this again mtcheew. I repeat no Nigerian celebrity can afford one

7 Likes

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by itiswellandwell: 2:50pm On May 10, 2018
Hmmmmm. May God bless every one hustle.



Check my signature for your quality customised Atm card flash drive.

1 Like

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Kobicove(m): 2:50pm On May 10, 2018
If truly Davido purchased a business jet then he has obviously over reached himself cos musical careers typically have a short lifespan undecided

1 Like

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Nobody: 2:51pm On May 10, 2018
He go soon sell am.No be so Daniel amokachi do.
Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by bestspoke: 2:51pm On May 10, 2018
viqueta:
what's our bleeping business?
As in.
Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by autotrader014(m): 2:53pm On May 10, 2018
Isiokay
Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by justtruth88miSt(f): 2:53pm On May 10, 2018
chioma de use jazz... i swear...

1 Like

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Nicklaus619(m): 2:53pm On May 10, 2018
Una too dey drink Panadol for another person headache? Some people will just sit down and use their productive time to calculate Wetin no go benefit them, abi nah Oop be davido accounting manager? grin
Chai welcome to 9ja where we stop minding our business since 1759. grin

1 Like 1 Share

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by Nairalandmentor(m): 2:53pm On May 10, 2018
Ayam tired of these stories.

Need a website design? Get started without advanced payments. Check my signature
Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by dermmy(m): 2:55pm On May 10, 2018
Demmama7:
The so called Jet is yet to arrive and its already trending. That means when the jet finally arrive, person no go drink water drop cup again be that nah.

Lol. U get am

1 Like

Re: Davido’s Private Jet: See How Much It Costs To Own And Maintain A Challenger 605 by InvertedHammer: 2:55pm On May 10, 2018
/*

Common sense tells that Davido cannot afford Challenger 605.

Artists need hype to sell albums. But anyone is free to believe anything he/she wants.

He isn't the first or the last to claim to have bought non-existent private jet.

People are still waiting for the private jet that Soulja boy claimed to have bought for $55m since 2011
.

*/

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