Tony_Scarpelli
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- Joined
- Feb 4, 2010
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- 1,645
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- Wichita, Kansas
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Tony_Scarpelli
I am helping a friend to learn and discover and plan a budget for his flight department within the next year.
He specifically asked about Citations and Hawkers but is not yet set on anything. These are just two choices he has locally.
He and his family (business managers) have the need to move freely between the KC and Boston Logan 12 times a year; Vegas 4 times a year and to Iowa 12 times a year from KC for a total estimated time of about 144 hrs. I've explained how buying smaller and renting for the full seat option could save money but he is leaning towards always having 8 seats.
He would like to find something for about $2.4 mil with reasonable fuel efficiency although he has no idea what to budget for it.
Because of his needs he feels 100% or 50% ownership is preferable to leasing, Netjets or other options. He would consider Netjets and other options if there is a very strong financial incentive to do so but he really has a preference for complete convenience and ownership. I suspect he wants to paint his jet the color of his favorite teams as he is a big sports fanatic.
He has worked hard and made a bit of money and now wanting to both maximize his time as well as pleasure/leisure.
What comes to mind are:
Citation
Hawker 400 XP
Piaggio Avanti I
He has a strong preference for two engines and anything that can maintain 400++ statue mph or faster might be considered. Would like to keep the KC-Boston Logan at about 3 hrs.
What do you guys think?
I'd like some guidelines to roughly calculate fixed and variable costs for any models proposed. Thanks.
I might be incorrect but I told him roughly that $100-150k a year fixed costs (insurance, taxes, hangar, annual par 91) not including maintenance, P&I on loan, Depreciation plus 160-200 gph at $6-9 per gallon of Jet fuel. I also said he was probably looking at $2500 per hour variable costs including reserves for engines, landing gear and such. He said he was quoted a Charter price of $5k but I told him that may not include pilot, per Diem, landing fees, fuel surcharges and such.
These are rough estimates on my part and I would appreciate any more accurate estimates.
What is the best way to handle the crew?
He specifically asked about Citations and Hawkers but is not yet set on anything. These are just two choices he has locally.
He and his family (business managers) have the need to move freely between the KC and Boston Logan 12 times a year; Vegas 4 times a year and to Iowa 12 times a year from KC for a total estimated time of about 144 hrs. I've explained how buying smaller and renting for the full seat option could save money but he is leaning towards always having 8 seats.
He would like to find something for about $2.4 mil with reasonable fuel efficiency although he has no idea what to budget for it.
Because of his needs he feels 100% or 50% ownership is preferable to leasing, Netjets or other options. He would consider Netjets and other options if there is a very strong financial incentive to do so but he really has a preference for complete convenience and ownership. I suspect he wants to paint his jet the color of his favorite teams as he is a big sports fanatic.
He has worked hard and made a bit of money and now wanting to both maximize his time as well as pleasure/leisure.
What comes to mind are:
Citation
Hawker 400 XP
Piaggio Avanti I
He has a strong preference for two engines and anything that can maintain 400++ statue mph or faster might be considered. Would like to keep the KC-Boston Logan at about 3 hrs.
What do you guys think?
I'd like some guidelines to roughly calculate fixed and variable costs for any models proposed. Thanks.
I might be incorrect but I told him roughly that $100-150k a year fixed costs (insurance, taxes, hangar, annual par 91) not including maintenance, P&I on loan, Depreciation plus 160-200 gph at $6-9 per gallon of Jet fuel. I also said he was probably looking at $2500 per hour variable costs including reserves for engines, landing gear and such. He said he was quoted a Charter price of $5k but I told him that may not include pilot, per Diem, landing fees, fuel surcharges and such.
These are rough estimates on my part and I would appreciate any more accurate estimates.
What is the best way to handle the crew?
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