Hi all,
Just wanted to share / discuss / improve the spreadsheet I have been using to estimate how much my little Savannah cost me per hour, trying to include as much as I can in the running costs.
The spreadsheet is a work in progress.
The aircraft is a 19 reg Savannah VG with a Rotax 912 UL 80HP - Airframe/Engine 570 hours (12 years old).
It is serviced by a LAME every 100 hours.
The first part of the spreadsheet includes the estimate running cost : Service, engine replacement, prop/tires replacement, fuel and other miscellaneous expenses (excluding Insurance and Hangar lease)
Every 100 hours : normal service, around $1,000 : LAME plus parts
Every 500 hours : "in depth" service : $3,000 : LAME plus parts
Every 1000 hours : "more in depth" service : $5,000 : LAME plus parts
This comes out at $16 per hour for servicing the aircraft.
Also included : Engine replacement ($20,000 in 1500 hours), prop replacement ($2000 every 600 hours), tires ($1,500 every 400 hours) and "other extra" ($2,000 every 500 hours).
Fuel consumption 13 litres per hour at $1.40/litre (MoGas 95, Fuel in Darwin is not cheap ...)
(The fuel consumption is not an estimate, this is what I am using at the moment)
I tried to "over estimate" the costs in all areas as I am sure some unexpected expenses will turn up, but I might be completely off, this is my first aircraft and I only bought it 1 year ago.
I did not include the depreciation / cost of buying the aircraft.
I end up with a "non compressible" cost of $59 per hour.
The second part of the spreadsheet includes the costs of the insurance and the cost of leasing the hangar.
Basically the more we fly, the less expensive per hour it is when we include the "static" cost of the hangar/insurance.
At the moment I am doing an average of 150 hours per year, which gives us an estimate of $77 per hour.
The idea is to put $77 aside every time I fly an hour to be ready when the plane need to be serviced.
Happy to get some feed back, discuss and improve the spreadsheet.
Cheers from Darwin,
Xavier
Savannah Running costs.xlsx
Savannah Running costs.xlsx
Savannah Running costs.xlsx