If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
|
Thread Tools | Display Modes |
#11
|
|||
|
|||
Roy Page wrote:
Jack, Seems the Arrow is doing a good job for you ? Yep, we're well pleased with our plane. I've been flying it a ton and have nearly 100 hours on it since we brought it home in April. I am interested to know how per flying hour do you put aside for engine and propeller overhaul ? Engine overhaul/prop is funded at $20/hr. -- Jack Allison PP-ASEL-IA Student Arrow N2104T "When once you have tasted flight, you will forever walk the Earth with your eyes turned skyward, for there you have been, and there you will always long to return" - Leonardo Da Vinci (Remove the obvious from address to reply via e-mail) |
#12
|
|||
|
|||
Robert M. Gary wrote:
" Just curious since I figure my costs on the Arrow are running right at 1/2 of what a rental Arrow goes for. " Didn't you just buy this plane though. Yep, bought it in April I would be really surprised if the cost of ownership ends up being less than rental. Actually, I won't be surprised. It won't be 1/2 of the going rental rate at the end of a year's worth of ownership but I think it will be less than rental. Current Arrow rental rate at Executive Flyers is $134/hr wet which must have come down a bit lately as it used to be somewhere North of $140/hr. My costs have run right at $70/hr. This includes all monthly fixed costs and all variable per-hour costs. Also includes reserves for engine and annual inspection. -- Jack Allison PP-ASEL-IA Student Arrow N2104T "When once you have tasted flight, you will forever walk the Earth with your eyes turned skyward, for there you have been, and there you will always long to return" - Leonardo Da Vinci (Remove the obvious from address to reply via e-mail) |
#13
|
|||
|
|||
Current Arrow rental rate at Executive Flyers is
$134/hr wet which must have come down a bit lately as it used to be somewhere North of $140/hr. My bad, Executive Flyers Arrow rental is $141/hr wet. http://www.execflyers.com/costs.php -- Jack Allison PP-ASEL-IA Student Arrow N2104T "When once you have tasted flight, you will forever walk the Earth with your eyes turned skyward, for there you have been, and there you will always long to return" - Leonardo Da Vinci (Remove the obvious from address to reply via e-mail) |
#14
|
|||
|
|||
On 9/5/2005 22:11, Jack Allison wrote:
Current Arrow rental rate at Executive Flyers is $134/hr wet which must have come down a bit lately as it used to be somewhere North of $140/hr. My bad, Executive Flyers Arrow rental is $141/hr wet. http://www.execflyers.com/costs.php That's okay. The Arrow at Sky Walk is advertised at $130, but they also charge a fuel surcharge (something like $2 to $5 per hour, depending on the fuel costs). -- Mark Hansen, PP-ASEL, Instrument Student Sacramento, CA |
#15
|
|||
|
|||
"Jack Allison" wrote in message ... Robert M. Gary wrote: " Just curious since I figure my costs on the Arrow are running right at 1/2 of what a rental Arrow goes for. " Didn't you just buy this plane though. Yep, bought it in April I would be really surprised if the cost of ownership ends up being less than rental. Actually, I won't be surprised. It won't be 1/2 of the going rental rate at the end of a year's worth of ownership but I think it will be less than rental. Current Arrow rental rate at Executive Flyers is $134/hr wet which must have come down a bit lately as it used to be somewhere North of $140/hr. My costs have run right at $70/hr. This includes all monthly fixed costs and all variable per-hour costs. Also includes reserves for engine and annual inspection. -- Jack Allison PP-ASEL-IA Student Arrow N2104T You will probably find that your long term costs are substantially higher than your costs to date. Everything from tires to bearings to gyros to windshields is wearing out and is unlikely to be free to replace. Mike MU-2 |
#16
|
|||
|
|||
"Mike Rapoport" wrote in message ink.net... "Jack Allison" wrote in message ... Robert M. Gary wrote: " Just curious since I figure my costs on the Arrow are running right at 1/2 of what a rental Arrow goes for. " Didn't you just buy this plane though. Yep, bought it in April I would be really surprised if the cost of ownership ends up being less than rental. Actually, I won't be surprised. It won't be 1/2 of the going rental rate at the end of a year's worth of ownership but I think it will be less than rental. Current Arrow rental rate at Executive Flyers is $134/hr wet which must have come down a bit lately as it used to be somewhere North of $140/hr. My costs have run right at $70/hr. This includes all monthly fixed costs and all variable per-hour costs. Also includes reserves for engine and annual inspection. -- Jack Allison PP-ASEL-IA Student Arrow N2104T You will probably find that your long term costs are substantially higher than your costs to date. Everything from tires to bearings to gyros to windshields is wearing out and is unlikely to be free to replace. Mike MU-2 I would agree with Mike, that ownership costs per hour often calculate to be higher when you look back over a longer period of ownership time. Most folk reckon to spend 10% of the initial cost in getting the newly acquired aircraft up to snuff. In my own case, that figure was just about right, but it did include doing work that was considered desirable rather than necessary. Many of us are flying older equipment and there is a constant need to replace parts that fail or are showing signs of age in their performance. We own a 1977 Piper Archer, with 4000 hours TT. With two pilots to share the fixed costs, we find that we could locally rent a similar aircraft for less per hour. Essentially, we accepted before buying that it would be more expensive to own than to rent. But we are flying OUR plane, and that is just such a good feeling :-) Roy N5804F |
#17
|
|||
|
|||
Ron Natalie has said for years that "if if flies, floats, or [fornicates] it
is far cheaper to rent." However, in each instance, the "pride of ownership" overcomes the price differential. Jim [pick your f-word] Weir |
#18
|
|||
|
|||
On Mon, 05 Sep 2005 13:34:32 GMT, Jon Kraus
wrote: Jim, Our FBO is now charging $3.90 per gallon for 100LL. I expect it to go over $4.00 soon. :-( I filled up yesterday. 40 gallons at $2.99 a gallon for 100 LL. Two airports within 30 miles of that one are a tad over $4.00. I think MBS is $4.17 for 100 LL and $4.11 for Jet A. At 3BS it's $3.69 for 100 LL. When I was flying around 130 plus hours a year my total cost including all fixed plus annual and set aside for major was $79/hr. Currently it's running around $120 to $130/hr. The only surprise came from soft rigs which we later found would have been covered by a warranty. OTOH the annual prior to them selling it ran over $8,000 and it had a new interior. After 1000 hours the interior could use a wee bit of sprucing up. The engine is nearing TBO and still uses less than a pint of oil in 25 hours. However, knowing at least a little about engines, that is subject to change without notice. Roger Halstead (K8RI & ARRL life member) (N833R, S# CD-2 Worlds oldest Debonair) www.rogerhalstead.com Jon KRaus '79 Mooney 201 4443H @ TYQ Jim Burns wrote: I just figured up the first year's annual operating costs on our Aztec. Using an average fuel price of $2.75 per gallon, we flew, hangered (partially heated), insured, and maintained it for $188 per Tach hour, slightly less per Hobbs hour. This does not include any upgrades or improvements. All maintenance is owner assisted w/A&P sign off. An $11 per hour per engine charge was included (AOPA's figure). Also included was our first year insurance cost which was reduced $500 upon renewal this year. Jim Burns |
#19
|
|||
|
|||
On Mon, 05 Sep 2005 13:48:39 GMT, Jon Kraus
wrote: I do expect the fuel prices to come down but just don't know how much. It seems like the market price for a barrel for oil is starting to come down ( a little) but we are experiencing the "supply and demand" spike due to Katrina. Mogas here in Indianapolis went up 70 cents last week!! This past week Mogas has dropped about 30 to 40 cents per gallon here in Central Michigan which puts it in the $2.90 range. I seriously doubt it'll drop below $2.60 or $2.70. It'll have to stay in the $3.50 range to make alternative fuels cost competitive. Roger Halstead (K8RI & ARRL life member) (N833R, S# CD-2 Worlds oldest Debonair) www.rogerhalstead.com Jon Kraus '79 Mooney 201 4443H @ TYQ Jim Burns wrote: I've got to give our FBO manager a lot of credit, he held the price to $2.97 until just last week, now it's $3.57. I looked up some of the prices from last year, we had some local purchases as low as $2.11. If we fly as much next year, the effect of the fuel prices will have a pretty big effect on our per hour costs. At the current fuel price it's running around $210 per tach hour with everything else remaining the same. Jim |
#20
|
|||
|
|||
I've owned my Twin Comanche for five years now. Cost of ownership,
lately including hangar (a very big and very nice hangar with air conditioned office), insurance, engine reserve, upgrades, and catching up on all the maintenance deferred by the previous owners - but not including cost of capital has been steadily creeping up from about $100/hr (when it was tied down and fuel was $2/gal) to about $150/hr (hangared and $3+/gal fuel). That does not include costs of capital, or the cost of my time. During that same period, the cost of the rental Duchess at my field (which is not quite as roomy, much slower, and not as well equipped) has gone from about $160 to over $200/hr. Flying 200 hours a year, I am consistently doing better than renting. Michael |
|
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Mini-500 Accident Analysis | Dennis Fetters | Rotorcraft | 16 | September 3rd 05 11:35 AM |
Washington DC airspace closing for good? | tony roberts | Piloting | 153 | August 11th 05 12:56 AM |
Jet Ranger Operating Costs? | greenwavepilot | Owning | 5 | February 3rd 05 03:31 PM |
Navajo operating costs | Hamish | Owning | 0 | June 25th 04 02:31 AM |
Annual Costs - Take the Pledge | Roger Long | Owning | 25 | February 1st 04 03:41 PM |