![]() ![]() With fixed and hourly operating costs, you can configure some cells to input an hourly rate and also how many hours you’d fly in a given year and figure out what combination of cost and hours meets your financial objective. Operating costs - do the math so this comes out as cost per flight hour: fuel, oil change (every 50 hours for most planes, so 1/50th of cost), required periodic inspections or service (100 hour and model-specific, say 500 or 1000-hour but you’d need to ask someone who knows Extras better), engine reserve (the cost of an engine overhaul divided by hours remaining to TBO, or until it’s required whichever is less), maintenance reserve (so, say 1/500th the cost of any $1000 components you expect to last 500 hours). One-time costs - down payment, title/escrow fees, sales/use tax (depending on state).įixed costs - annual or monthly expenses you’ll have to pay even if you fly zero hours: hangar/tiedown rent, loan payment, annual inspection, insurance premium, altimeter/transponder check every two years, and property tax (depending on state). If you’re doing a spreadsheet, I suggest breaking your list into three categories: ![]()
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