Annual Operating Costs

I just figured up the first year's annual operating costs on our Aztec.

Using an average fuel price of $2.75 per gallon, we flew, hangered
(partially heated), insured, and maintained it for $188 per Tach hour,
slightly less per Hobbs hour.

This does not include any upgrades or improvements. All maintenance is
owner assisted w/A&P sign off. An $11 per hour per engine charge was
included (AOPA's figure). Also included was our first year insurance cost
which was reduced $500 upon renewal this year.

Jim Burns

Jim,

How many hours were flown in the year's calculations?

SAC


"Jim Burns" wrote in message
...
I just figured up the first year's annual operating costs on our Aztec.

Using an average fuel price of $2.75 per gallon, we flew, hangered
(partially heated), insured, and maintained it for $188 per Tach hour,
slightly less per Hobbs hour.

This does not include any upgrades or improvements. All maintenance is
owner assisted w/A&P sign off. An $11 per hour per engine charge was
included (AOPA's figure). Also included was our first year insurance cost
which was reduced $500 upon renewal this year.

Jim Burns

Interesting Jim. Any idea how your $188/tach hour compares to rental
rates of an equivalent twin? Just curious since I figure my costs on
the Arrow are running right at 1/2 of what a rental Arrow goes for.
Granted, that's only comparing to one local FBO and my fixed costs are
divided by three.


--
Jack Allison
PP-ASEL-IA Student
Arrow N2104T

"When once you have tasted flight, you will forever walk the Earth
with your eyes turned skyward, for there you have been, and there
you will always long to return"
- Leonardo Da Vinci

(Remove the obvious from address to reply via e-mail)

281 hours total 3 partners
Jim

"SAC" wrote in message
news:7dNSe.310223$_o.77256@attbi_s71...
Jim,

How many hours were flown in the year's calculations?

SAC


"Jim Burns" wrote in message
...
I just figured up the first year's annual operating costs on our Aztec.

Using an average fuel price of $2.75 per gallon, we flew, hangered
(partially heated), insured, and maintained it for $188 per Tach hour,
slightly less per Hobbs hour.

This does not include any upgrades or improvements. All maintenance is
owner assisted w/A&P sign off. An $11 per hour per engine charge was
included (AOPA's figure). Also included was our first year insurance
cost
which was reduced $500 upon renewal this year.

Jim Burns

I just did a check on private2ATP.com and there are 2 for rent within 100
miles of me. One is $180 per hour, one is $235 per hour.
Jim

Jim,

Our FBO is now charging $3.90 per gallon for 100LL. I expect it to go
over $4.00 soon. :-(

Jon KRaus
'79 Mooney 201
4443H @ TYQ

Jim Burns wrote:

I just figured up the first year's annual operating costs on our Aztec.

Using an average fuel price of $2.75 per gallon, we flew, hangered
(partially heated), insured, and maintained it for $188 per Tach hour,
slightly less per Hobbs hour.

This does not include any upgrades or improvements. All maintenance is
owner assisted w/A&P sign off. An $11 per hour per engine charge was
included (AOPA's figure). Also included was our first year insurance cost
which was reduced $500 upon renewal this year.

Jim Burns

I've got to give our FBO manager a lot of credit, he held the price to $2.97
until just last week, now it's $3.57. I looked up some of the prices from
last year, we had some local purchases as low as $2.11. If we fly as much
next year, the effect of the fuel prices will have a pretty big effect on
our per hour costs. At the current fuel price it's running around $210 per
tach hour with everything else remaining the same.
Jim

I do expect the fuel prices to come down but just don't know how much.
It seems like the market price for a barrel for oil is starting to come
down ( a little) but we are experiencing the "supply and demand" spike
due to Katrina. Mogas here in Indianapolis went up 70 cents last week!!

Jon Kraus
'79 Mooney 201
4443H @ TYQ

Jim Burns wrote:

I've got to give our FBO manager a lot of credit, he held the price to $2.97
until just last week, now it's $3.57. I looked up some of the prices from
last year, we had some local purchases as low as $2.11. If we fly as much
next year, the effect of the fuel prices will have a pretty big effect on
our per hour costs. At the current fuel price it's running around $210 per
tach hour with everything else remaining the same.
Jim

Jack,

Seems the Arrow is doing a good job for you ?
I am interested to know how per flying hour do you put aside for engine and
propeller overhaul ?

Roy
N5804F Archer II

"Jack Allison" wrote in message
...
Interesting Jim. Any idea how your $188/tach hour compares to rental
rates of an equivalent twin? Just curious since I figure my costs on the
Arrow are running right at 1/2 of what a rental Arrow goes for. Granted,
that's only comparing to one local FBO and my fixed costs are divided by
three.


--
Jack Allison
PP-ASEL-IA Student
Arrow N2104T

"When once you have tasted flight, you will forever walk the Earth
with your eyes turned skyward, for there you have been, and there
you will always long to return"
- Leonardo Da Vinci

(Remove the obvious from address to reply via e-mail)

" Just curious since I figure my costs on
the Arrow are running right at 1/2 of what a rental Arrow goes for. "

Didn't you just buy this plane though. I would be really surprised if
the cost of ownership ends up being less than rental. I Mooney costs
about $85/hr to operate and that does not include base annual, tie
down, insurance, taxes, etc, just hourly related costs. A fully loaded
cost would be closer to $150/hr. There are lots of reasons to buy a
plane, but saving money wouldn't likely be one of them.

-Robert