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King Air 200 N593DJ
Cost Analysis
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| Proposal costs based upon 600 hours of usage |
Crew training
$17.00 per hour |
$10,000 per year |
Management
$40.00 per hour |
$2000 per month |
Hangar
$29.00 per hour |
$1200 per month |
Fuel
$352.00 per hour |
110 gals per hr @ $3.20 |
Insurance*
$53.33 per hour |
32,000 per yr - 600hrs |
Engine reserve
$139.00 per hour |
$500,000-3600 hrs |
Routine Maintenance
$95.00 per hour |
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Pilots
$108.00 per hour |
$65,000 per yr-600 hrs |
Miscellaneous
$19.00 per hour |
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| Total cost per hour |
$852.33 per hour |
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| Retail prices of Aircraft
Twin Piston (Navajo, Cessna 400 series)
$650.00 per hour
King Air 200
$1200.00 per hour
Light Jet (Lear 35, Falcon 10, Beech Jet)
$2000.00 per hour
Midsize Jet (Hawker 700, Lear 55, Westwind)
$2500.00 per hour
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The financial numbers are listed below. The operating cost per hour is attached.
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1/3 Share |
| Purchase price |
$ 1,250,000.00 |
| Down payment |
$ 250,000.00 |
| Financing |
$ 1,001,000.00 |
| Sales tax |
$ 75,000.00 |
| Initial Capitalization For operating account |
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| *$ 30,000.00 |
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| *This covers insurance down payment, maintenance account, 1st months' payment. This account is replenished from monthly operating expenses. |
| Initial cash requirements |
$ 250,000.00 |
| Sales tax |
$ 75,000.00 |
| Initial operating account capital |
$ 30,000.00 |
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$ 355,000.00
(Divided by 3 owners) |
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| Prorated share each owner |
$ 118,333.00 |
| 1st months' hourly charge |
$ 14,052.66
(Based on 16.6 hrs) |
| Total initial cost per share |
$ 132,385.66 |
| **Monthly payment |
$ 9,360.13
(Divided by 3 owners) |
| Monthly payment per share |
$ 3,120.04 |
| **Loan based on 15 year amortization with 5 year balloon at 7.35% interest. |
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