1958 In our first aircraft analysis, we examined the Grumman Gulfstream I (left) a few months before its first flight. The list price was $700,000, but we estimated the equipped price at $900,000. We figured the hourly operating cost at $365, based on a pilot salary of $16,000, a copilot salary of $8,000 and 27 cents per gallon for kerosene. The aircraft was certificated in June 1959. The JetStar 329 was the first business jet to grace our editorial pages. The equipped price was ...
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