Annual Operating Costs

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

Jim,

How many hours were flown in the year's calculations?

SAC


"Jim Burns" wrote in message
...
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

281 hours total 3 partners
Jim

"SAC" wrote in message
news:7dNSe.310223$_o.77256@attbi_s71...
Jim,

How many hours were flown in the year's calculations?

SAC


"Jim Burns" wrote in message
...
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

Interesting Jim. Any idea how your $188/tach hour compares to rental
rates of an equivalent twin? Just curious since I figure my costs on
the Arrow are running right at 1/2 of what a rental Arrow goes for.
Granted, that's only comparing to one local FBO and my fixed costs are
divided by three.


--
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)

I just did a check on private2ATP.com and there are 2 for rent within 100
miles of me. One is $180 per hour, one is $235 per hour.
Jim

Jack,

Seems the Arrow is doing a good job for you ?
I am interested to know how per flying hour do you put aside for engine and
propeller overhaul ?

Roy
N5804F Archer II

"Jack Allison" wrote in message
...
Interesting Jim. Any idea how your $188/tach hour compares to rental
rates of an equivalent twin? Just curious since I figure my costs on the
Arrow are running right at 1/2 of what a rental Arrow goes for. Granted,
that's only comparing to one local FBO and my fixed costs are divided by
three.


--
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)

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)

" 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. I would be really surprised if
the cost of ownership ends up being less than rental. I Mooney costs
about $85/hr to operate and that does not include base annual, tie
down, insurance, taxes, etc, just hourly related costs. A fully loaded
cost would be closer to $150/hr. There are lots of reasons to buy a
plane, but saving money wouldn't likely be one of them.

-Robert

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)

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)