Flying Costs

[Skip]

Could anyone help with the breakdown of flying costs per hour, I can't find in my magazines

 

Steve

 

 

[motzartmerv]

G'day.. probably need some more onfo to answer properly..Ya typical RAA acft, say a gazelle or something similar usually is aaround $130-$150 per hour duel, something like that. The bigger they are obviously the more they cost to run and therefore hire. Cessna 172 and the like usually go for around $210-280 per hour duel. It all depends on the school i spose..where are you located??

 

 

[Skip]

I remember reading somewhere they broke down the hour with fuel , landing fee's servicing etc.

 

 

[Matt]

As per Merv's question - what information are you looking for exactly? It looks like you might be after a breakdown of all costs associated with operating an aircraft - are you after details relating to private ownership (i.e. yourself) or those of an aircraft for hire through an aero club or similar?

 

If it's the former, there are many costs associated with operating an aircraft. Broadly speaking these would include:

 

* Capital Cost - depreciation / loan

 

* Insurance

 

* Maintenance - Parts & Labour - 50 Hourly, 100 Hourly / Annual, others as required

 

* Consumables - Fuel, Oil, Tyres

 

* Hangarage & Landing Fees

 

Once you have identified all these costs, you can then begin to define your timeframes and then breakdown by hours planned to be flown to arrive at an hourly rate of sorts. i.e. if you plan to own the aircraft for 5 years and fly an average of 100 hours per year, estimate your costs and simply divide by number of years/hours to get your hourly cost.

 

Assume you will own the aircraft (pay it off) for 5 years and fly 100 hours per year in an aircraft that burns 15L/hour:

 

Capital = $75,000 or $17,500 per year (roughly including interest)

 

Insurance = $2250 (3% of hull value) per year

 

Maintenance = $1000 (better to over estimate this one!)

 

Fuel = $2625 (1500L @ $1.75)

 

Hangarage & Landing Fees = $2000 ($40 per week)

 

Annual Cost = $24500 (roughly)

 

Hourly Cost = $245

 

All of the above are of course dependant on the specific aircraft, but that's the kind of approach you would take to determine what I think you're looking for.

 

NOTE - this can be a scary exercise but it is critical to enter into ownership with your eyes wide open to ensure no surprises.

 

 

[Skip]

Thank you very much for all your help, this is a good site, keep up the good work:clap:

 

 

[Yenn]

Where can I get avgas at $1.75. I paid $1.98 today.

 

 

[Barefootpilot]

Its easier if you break the cost down into two parts Fixed and Variable. Fixed costs will be there from day one and won't change if you fly or not.

 

The basics for these are:

 

Re-payments ie Finance

 

Insurance

 

Hangared

 

Registration

 

Plus anything else that will occur no matter what

 

Variable cost are those that occur when you actually go flying:

 

Fuel

 

Oil

 

Maintenance

 

etc

 

You can then work out how many hours you think you will fly and times that by the variable cost. Once you have that you can add that to the fixed yearly cost and then divide that by the number of hours again and it will give you an hourly cost for that amount of hours per year.

 

If you looking at cross hireing the aircraft out you can than add in another section of what you will charge minus the hourly cost you worked out and then times it by the number of hours that it will fly and then you will see if it will make any money! Easy

 

Adam.