How should that number work?
So in order to achieve the goal of he miraculous $ 60-70 wet lease,you have to find potential savings somewhere between 70 and 180 $/h. Not an easy task in the real world.
Miraculous has a significant meaning, not sure reducing cost to operate a simple 50 year old c172 at $70 ish per hour would be a miracle …. But I suppose compared to what we have been to conditioned to accept over the last 20 years may seem to perceive it as such. I also would suggest that your disbelief may be in the misunderstanding of how many equity based flying clubs financially operate and how fixed support function type expenses are not entirely part of plane operating cost.
Somewhere on our website we had a detailed cost breakdown of op cost….its old #’s when car gas was hovering around $2.25/gal….and TBR cost is certainly higher, but our current cost is less than $30 including overhaul and fuel. It’s not used anything like a rental so cost of wear and tear items would be higher and figured about direct op cost of $40 which should cover 100 hour inspections and more frequent oil changes (about $35 with synthetic oil and new filter every 150-200 hours for engine and psru….another $40 for analysis report). Not bad for high performance EFIS rental, but not a miracle by any measure….about same as most experimentals in class. Fuel cost can be reduced by buying ethanol regular car gas in bulk and getting highway tax rebates , as well.
The savings is mostly in fuel, oil servicing, parts cost (use of non certified/exp upgrades as EFIS, interiors, spark plugs, filters, oil, ECT) and engine reman reserves which is likely about $5/hr by now but have not looked it up recently. Cost likely decreases with additional conversions…..we have a c182 design that would make a great club plane.
The local flight school got the exp club formed and has a twin exp ready to go, now haggling with insurance.
So miraculous? No, actually do able I think depending on club structure and how overhead is paid . Even if cost is $95/hr, still a good deal and significant savings with greater margin to club if some overhead included. With high cost of ownership now, there is a couple of Rv owners interested in putting their plane into the club, as well.
Private ownership of ga piston planes is becoming more difficult each year and clubs will be a practical alternative, and experimental clubs will be especially attractive. Both AOPA and EAA have published guidance in forming exp clubs and support the effort. I know others here state FAA rules prohibiting or requiring rental LODAs but not an issue depending on club structure. I expect reman cost on a c172 OE engine is over $30k by now, which is mind blowing in that you could by a new hybrid car for less….especially considering you are just getting the same engine with same fuel and performance and a few new parts and labor….. so you get desensitized to the absurd cost regardless of how many here will passionately argue such margins are mandatory and reasonable due aircraft mission, market size, labor, etc…regardless of said time capsule and compliance or use of new metallurgical upgrades or other ridiculous basis. So even the savings of a rotax compared to is antique certified counter part my seem a miracle.
Again, I don’t proclaim the legacy designs are not good, just that their evolution, and lack of interest and/or requirement to evolve, is a deep reason why piston ga continues its demise….. just the example of considering one here would see the cost to fly a 50 year old c172 for less than $100 as “miraculous “ proves the point we accepted this fate too long and now is the reality. I remember a study from a psychology class wherein a baby elephant is shackled to a large enough steak in the ground that it couldn’t pull out; and the same steak is used when it’s full grown and could easily pull it out of the ground but doesn’t even try as it’s been conditioned to believe it still can’t over the years and doesn’t even try.
We are waiting to see what our cost structure will look like before committing our exp c172. We are also concerned bout liability….this is a one off design (2nd c172 but different engine design) that was intended to be used as a test plane for about a year and not a rental so we would need to do some updating on paint, interior, radios, and have a few more spare proprietary parts available like prop, spinner, etc as new parts would take time to get if needed. It’s been used to train and for check rides for several pilots over last couple of years and it needs some updating.
But it’s not flying much now and we would likely part it out otherwise, although I enjoy flying it for the occasional $100 hamburger flight and helping some local new pilots train or build time that get cash strapped…. We recently loaned it to a marine for his CFI training and successful check ride, which was the plane’s first CFI training and checkride, so that was cool…..he had run low on $ and had to fly 4 hours for a check ride which was way cost prohibitive at his school’s $165/hr rental rate.
So, I think anyone coming up with anything worth developing to lower ga cost or make is safer can make a real difference…and there’s a lot that want to try given the opportunity so simple solutions become the norm rather than a miracle.