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#1
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Several posters have stated that the owner/operator of the new VLJ's
will not have the "necessary" skills to fly in the current environment. Several numbers have been thrown out, but no one has said what the minimum annual flight hours are to be accepted as proficient by the detractors. How much does one have to fly annually/monthly to be considered safe and competent to fly a VLJ in the flight levels? |
#2
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I don't know about VLJ (actually nobody has ever gotten insured in one!) but
for turbines like MU-2, CJ-2 they want to see ATP, 2500TT, 1000 multi and 100 make and model minimium. This is from my experience trying to insure a MU-2. It is possible to get coverage with less but there will only be a couple of companies quoting and it will be expensive with a lot of restrictions. These restrictions can be very expensive to comply with. It is very ezpensive to fly off 100 or more hours with a pro-pilot babysitting you. If you just go flying then it will cost at least $50,000 to get the 100hrs and if you try to actually go places you will be paying for hotels, meals, non flying time ect. I think that this will be one of the biggest limitation to the VLJ market. Ask yourself: "How many people do I personally know that have ALL of the following 1) $1.5M (todays dollars) to spend on an airplane and intend to do it. 2) One year flying with a real pro-pilot. Keep in mind that the pro pilot is taking up useful load, you aren't going to Aspen with the family and skis. 3) One week per year to dedicate to recurrent training costing $10,000/yr if you fly there in your VLJ 4) At least one week per year spent taking the airplane to service centers, flying the airline back and then going to retrieve the airplane. 5) Insurance for the typical owner/operator will probably be $20-30,000. When you start thinking about all these costs and issues, the market suddenly isn't so big. Most people who have $1.5MM to spend on an airplane and are willing to put up with the other costs and hassles probably already have a jet. The cost of the actual airplane is only the first hurdle. Mike MU-2 "john smith" wrote in message ... Several posters have stated that the owner/operator of the new VLJ's will not have the "necessary" skills to fly in the current environment. Several numbers have been thrown out, but no one has said what the minimum annual flight hours are to be accepted as proficient by the detractors. How much does one have to fly annually/monthly to be considered safe and competent to fly a VLJ in the flight levels? |
#3
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Mike Rapoport wrote:
When you start thinking about all these costs and issues, the market suddenly isn't so big. Most people who have $1.5MM to spend on an airplane and are willing to put up with the other costs and hassles probably already have a jet. The cost of the actual airplane is only the first hurdle. I met someone at my home airport who will be taking delivery of an Eclipse sometime September 2006, assuming all goes well with final certification and production. He currently flies a 1999 Baron and claims that it will be cheaper per hour (maintenance and engine reserve included) to fly an Eclipse. I didn't really get into a lengthy conversation with him to know if he thought of all the costs you listed, however. -- Peter ----== Posted via Newsfeeds.Com - Unlimited-Uncensored-Secure Usenet News==---- http://www.newsfeeds.com The #1 Newsgroup Service in the World! 120,000+ Newsgroups ----= East and West-Coast Server Farms - Total Privacy via Encryption =---- |
#4
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Mike,
You make some good points. However, I know of a couple of "deep pocket" pilots that have their aircraft in LLC's and then simply "self-insure". Since they have more money than experience, no insurance company will insure them, so they take on the risk themselves...and we are talking King Airs in this cause vs. a VLJ. BJ Mike Rapoport wrote: I don't know about VLJ (actually nobody has ever gotten insured in one!) but for turbines like MU-2, CJ-2 they want to see ATP, 2500TT, 1000 multi and 100 make and model minimium. This is from my experience trying to insure a MU-2. It is possible to get coverage with less but there will only be a couple of companies quoting and it will be expensive with a lot of restrictions. These restrictions can be very expensive to comply with. It is very ezpensive to fly off 100 or more hours with a pro-pilot babysitting you. If you just go flying then it will cost at least $50,000 to get the 100hrs and if you try to actually go places you will be paying for hotels, meals, non flying time ect. I think that this will be one of the biggest limitation to the VLJ market. Ask yourself: "How many people do I personally know that have ALL of the following 1) $1.5M (todays dollars) to spend on an airplane and intend to do it. 2) One year flying with a real pro-pilot. Keep in mind that the pro pilot is taking up useful load, you aren't going to Aspen with the family and skis. 3) One week per year to dedicate to recurrent training costing $10,000/yr if you fly there in your VLJ 4) At least one week per year spent taking the airplane to service centers, flying the airline back and then going to retrieve the airplane. 5) Insurance for the typical owner/operator will probably be $20-30,000. When you start thinking about all these costs and issues, the market suddenly isn't so big. Most people who have $1.5MM to spend on an airplane and are willing to put up with the other costs and hassles probably already have a jet. The cost of the actual airplane is only the first hurdle. Mike MU-2 "john smith" wrote in message .. . Several posters have stated that the owner/operator of the new VLJ's will not have the "necessary" skills to fly in the current environment. Several numbers have been thrown out, but no one has said what the minimum annual flight hours are to be accepted as proficient by the detractors. How much does one have to fly annually/monthly to be considered safe and competent to fly a VLJ in the flight levels? |
#5
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I could not agree with you more.
I also think the alleged market for 1,000+ Eclipse air taxis is utterly unrealistic. I do not believe the market exists for anywhere near that many air taxis within the range and payload capabilities of the Eclipse and given what will be the eventual costs. -------------------- Richard Kaplan www.flyimc.com |
#6
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![]() Mike Rapoport wrote: 5) Insurance for the typical owner/operator will probably be $20-30,000. Which is cheap. I know two guys. One just sold his Citation. The insurance bill was $95K per year. He also owns a Caravan on amphibs. The tab for insurance on that one is $35K per year. The other guy owns a Caravan on wheels. The tab for that insurance bill is $20K. He skipped the hull insurance and just keeps liability for hardly anything. Relatively speaking. |
#7
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Having an airplane in a LLC (or other entity) doesn't do anything to relieve
liability if you are the pilot. They protect you if someone else crashes the airplane. Mike MU-2 "B. Jensen" wrote in message ... Mike, You make some good points. However, I know of a couple of "deep pocket" pilots that have their aircraft in LLC's and then simply "self-insure". Since they have more money than experience, no insurance company will insure them, so they take on the risk themselves...and we are talking King Airs in this cause vs. a VLJ. BJ Mike Rapoport wrote: I don't know about VLJ (actually nobody has ever gotten insured in one!) but for turbines like MU-2, CJ-2 they want to see ATP, 2500TT, 1000 multi and 100 make and model minimium. This is from my experience trying to insure a MU-2. It is possible to get coverage with less but there will only be a couple of companies quoting and it will be expensive with a lot of restrictions. These restrictions can be very expensive to comply with. It is very ezpensive to fly off 100 or more hours with a pro-pilot babysitting you. If you just go flying then it will cost at least $50,000 to get the 100hrs and if you try to actually go places you will be paying for hotels, meals, non flying time ect. I think that this will be one of the biggest limitation to the VLJ market. Ask yourself: "How many people do I personally know that have ALL of the following 1) $1.5M (todays dollars) to spend on an airplane and intend to do it. 2) One year flying with a real pro-pilot. Keep in mind that the pro pilot is taking up useful load, you aren't going to Aspen with the family and skis. 3) One week per year to dedicate to recurrent training costing $10,000/yr if you fly there in your VLJ 4) At least one week per year spent taking the airplane to service centers, flying the airline back and then going to retrieve the airplane. 5) Insurance for the typical owner/operator will probably be $20-30,000. When you start thinking about all these costs and issues, the market suddenly isn't so big. Most people who have $1.5MM to spend on an airplane and are willing to put up with the other costs and hassles probably already have a jet. The cost of the actual airplane is only the first hurdle. Mike MU-2 "john smith" wrote in message . .. Several posters have stated that the owner/operator of the new VLJ's will not have the "necessary" skills to fly in the current environment. Several numbers have been thrown out, but no one has said what the minimum annual flight hours are to be accepted as proficient by the detractors. How much does one have to fly annually/monthly to be considered safe and competent to fly a VLJ in the flight levels? |
#8
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![]() "Newps" wrote in message ... Mike Rapoport wrote: 5) Insurance for the typical owner/operator will probably be $20-30,000. Which is cheap. I know two guys. One just sold his Citation. The insurance bill was $95K per year. He also owns a Caravan on amphibs. The tab for insurance on that one is $35K per year. The other guy owns a Caravan on wheels. The tab for that insurance bill is $20K. He skipped the hull insurance and just keeps liability for hardly anything. Relatively speaking. Sure it is relatively cheap compared to the same pilot in a more expensive airplane. In reality the insurance may be much higher than $20-30,000 it is going to depend on pilot qualifications. If the VLJ is 50% of the hull value of your friends Citation than it is going to cost half as much to insure. In any event it is going to be a lot per hour for the typical user. Mike MU-2 |
#9
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![]() "Richard Kaplan" wrote in message news:1120956204.98fefa56d19619adcc5219c8241868f4@t eranews... I could not agree with you more. I also think the alleged market for 1,000+ Eclipse air taxis is utterly unrealistic. I do not believe the market exists for anywhere near that many air taxis within the range and payload capabilities of the Eclipse and given what will be the eventual costs. -------------------- Richard Kaplan www.flyimc.com I agree. The claims of orders for hundreds or thousands of Eclipses are crazy. These proposed air taxi companies don't have any meaningful assets. How are they going to buy a billion dollars worth of airplanes? Mike MU-2 |
#10
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Sure there are some buyers for which the VLJs are a perfect match. The
question is whether there are enough of these buyers to make the concept a success. They need to sell thousands or tens of thousands of these airplanes to get the cost down. I doubt that he has considered longer term costs like the air cycle machine or windows/windshields although the VLJs, being new, won't need these things for a long time. Mike MU-2 "Peter R." wrote in message ... Mike Rapoport wrote: When you start thinking about all these costs and issues, the market suddenly isn't so big. Most people who have $1.5MM to spend on an airplane and are willing to put up with the other costs and hassles probably already have a jet. The cost of the actual airplane is only the first hurdle. I met someone at my home airport who will be taking delivery of an Eclipse sometime September 2006, assuming all goes well with final certification and production. He currently flies a 1999 Baron and claims that it will be cheaper per hour (maintenance and engine reserve included) to fly an Eclipse. I didn't really get into a lengthy conversation with him to know if he thought of all the costs you listed, however. -- Peter ----== Posted via Newsfeeds.Com - Unlimited-Uncensored-Secure Usenet News==---- http://www.newsfeeds.com The #1 Newsgroup Service in the World! 120,000+ Newsgroups ----= East and West-Coast Server Farms - Total Privacy via Encryption =---- |
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