Sun N Fun '07 Redux
On Mon, 23 Apr 2007 10:32:07 -0600, Newps wrote:
I have a friend who owned a Citation for many years. The insurance was
$90K per year. He also owned a Caravan on amphibs, that ran $45K per
year for insurance. Another friend has a Caravan on wheels, that only
costs $35K per year.
I can understand the jet (high due to being a jet and the number of
seats) and the Caravan on floats, but on wheels that is almost twice
what they quoted me for a TBM 700 with the Caravan costing less and
being considerably slower.
Morgans wrote:
"Jay Honeck" wrote
Well, Jim, the average Cirrus pilot is paying $10 - $15K annually for
insurance, from what I've been told.
Makes my $1200/year seem positively reasonable.
I had no idea that it was so expensive to insure jets.
I have a hard time seeing how they will ever be able to get the cost down
low enough to make air taxi service with the VLJ's affordable.
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