Hi all,
So, I'm entertaining the idea of owning an aircraft.
I created a basic spreadsheet of rough costings which, when averaged based on projected number of usable hours per year, came up with an hourly rate.
I was using rough figures based on engine type, hangarage cost, insurance, maintenance etc.
I presented this to my CFI for comment, and he totally tore it apart.
He presented a rough, bottom-up approach, which took into account things like re-skinning a fabric aircraft etc and even depreciation of value of the aircraft and, even running costs of my car to drive to the airport.
Given that my aim at this time is a small, single-seat aircraft, perhaps open-cockpit, Rotax 277/447/503/etc (basically the cheapest piece of rag-and-tube that I can get my butt skyward on a regular basis!), can anyone provide me with a spreadsheet template to calculate running costs of such an aircraft?
Also, can anyone who runs such an aircraft give me an example of a reasonable hourly rate to run such an aircraft?
By the way, I am in Australia, so I would need it to be in, or easily converted to, $AUD and metric.
Many thanks,
Gimballock.