Operating cost Cabri G2
Okay guys ...
Here's a personal estimate of the likely costs of flying the Cabri G2 and I hasten to add these ARE personal and not approved by the parent factory. (Just my forty years of experience operating light training helicopters.)
Many operators don't want to know about the depreciation element and IF you are clever enough to sell your machines for the same or more as you paid for them ... then wipe out that figure.
Depreciation is based on a twelve year write down of 70% of the capital cost. ie ... a residual value of 30% in twelve years time. Probably conservative.
Insurance came today from an aviation broker offering a CSL and a declared
hull value of £180k.
I imagine the trade will get a buying discount of the RRP but who knows. AND once the type arrives on the second hand market, the capital (fixed) costs will come tumbling down, albeit as the machine gets older the hourly maintenance and parts cost go up!.
So here we go.
Acquistion cost. Euro 250,000. Say £180,000
Fixed costs.
Depreciation. £180,000 less residual £54k
Gives £126,000 over twelve years. £10,500 per annum
Insurance at 5.4% CSL 9,720 " "
Interest at say 6% on £180k 10,800 " "
Some hangarage Say 2,500 " "
Total fixed costs PA. £33,520
Fly 300 hrs PA £111, 70p per hour
Fly 500 hrs PA 67. 00p " "
Fly 700 hrs PA 47. 98p " "
Hourly costs.
Fuel at 38 litres an hour 105p per litre £39. 0p per hr.
Airframe parts. Best guess ! Say 12. 00 " "
Lycoming engine £12,000 @ 2300 hrs 6. 00 " "
Labour Another best guess ! 15. 00 " "
Unscheduled bits & pieces Say 5. 00 " "
Total estimated hourly cost £77. 00 " "
Total hourly cost.
300 hrs PA £188. 00p
500 hrs PA 144. 00p
700 hrs PA 125. 00p
So there we have it. For the high houred operators who build in ALL their costs and fly 700 hrs. ALL over £125 per hour is sales margin. Fly 1000 hrs a year and the rate drops to £110. Buy a second hand Cabri and the rate could be 75% less than the above!
Just to say again, the above are my estimates and I await with interest the factory published figures.
And just as a side note. The fixed costs are mostly related to the acquisition cost, not the name on the side of the helicopter, albit depreciation and insurance could vary marginally.
Accountants please have fun with my figures!
Best wishes aLL,
Dennis Kenyon