How much does your private flying cost you?
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Join Date: Jun 2000
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How much does your private flying cost you?
To be fair, you should reference the number of hours you fly.
There are potential advantages from group ownership, ie availability, but costs rack up if you don't fly much.
I guess I'm only doing 10 hrs a year due to cost.
There are potential advantages from group ownership, ie availability, but costs rack up if you don't fly much.
I guess I'm only doing 10 hrs a year due to cost.
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I own a C 150, and a Teal flying boat (so no rental costs), capital investment, which I should recover one day. I own the runway and hangar (so no storage costs), more capital investment to recover one day.
I maintain the property all myself, so some labour cost there, let's say 2 hours a week for the "flying" portion of the property.
I do my own maintenance on both, so let's say 25 hours per year on each.
So, 154 hours a year of my time x $30/hr = $4620 of my time.
Insurance for both together = $2200
I fly each 50+ hours a year
Consumables and reserves $15 per hour for each = $1500
Gas and oil $50/hour for the 150, $100/hour for the Teal = $2500 + $5000
So, the 150 = $148.20 per hour, and the Teal $198.20 per hour.
So, it would be cheaper to rent, but I like having each at my sole disposal, and at home.
My friend in Norway priced out his 182 amphibian, and came up with very close to 500 Euros per hour, just for reference.
I maintain the property all myself, so some labour cost there, let's say 2 hours a week for the "flying" portion of the property.
I do my own maintenance on both, so let's say 25 hours per year on each.
So, 154 hours a year of my time x $30/hr = $4620 of my time.
Insurance for both together = $2200
I fly each 50+ hours a year
Consumables and reserves $15 per hour for each = $1500
Gas and oil $50/hour for the 150, $100/hour for the Teal = $2500 + $5000
So, the 150 = $148.20 per hour, and the Teal $198.20 per hour.
So, it would be cheaper to rent, but I like having each at my sole disposal, and at home.
My friend in Norway priced out his 182 amphibian, and came up with very close to 500 Euros per hour, just for reference.
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Just look it up in my TCO XLS, C172 for 130h/a:
Operational costs per hour 85.96£
Total costs per hour 121.02£
Still in invest depreciation 30,075.19£
(biggest chunks - original purchase, GNS430, engine, interior refit, SID)
Operational costs per hour 85.96£
Total costs per hour 121.02£
Still in invest depreciation 30,075.19£
(biggest chunks - original purchase, GNS430, engine, interior refit, SID)
Avoid imitations
Join Date: Nov 2000
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The trick is to get the aircraft owner to employ you to fly his aircraft, and to pick up the tab. 
Join Date: Oct 2002
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The trick is to get the aircraft owner to employ you to fly his aircraft, and to pick up the tab.
Avoid imitations
Join Date: Nov 2000
Location: Wandering the FIR and cyberspace often at highly unsociable times
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Now there's a lovely grey area for flying without a CPL. Just don't let those who matter know. You can fly the MD around all day at his expense so long as your not specifically employed to do it (Assuming ordinary PPL in UK)
Join Date: Aug 2003
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Quote:
My marriage......
How'd you succeed with this, is there a recipe for it, because I failed to get this result from flying, but am very interested in?
My marriage......
How'd you succeed with this, is there a recipe for it, because I failed to get this result from flying, but am very interested in?
They took money from the wrong account and the ex saw (some of) my spend on the bank statement. There was a hell of a lot more she never saw!!
Will use that technique again for the future ex-Mrs Robin if necessary
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If you have to ask . . .
Including insurance, maintenance (average year), hangarage, landing fees and fuel my 150 cost me around £150 per hour over the last 12 months. That covers 60 hours flying. Per hour would drop if I flew more.
Plane itself has a capital cost of £11,000 which if I sold tomorrow I would expect to get back.
The big hidden cost is maintenance which you never know about. Take engines as an example, a couple of years ago mine was only 1200 hours since zero timed but the alternator drive shaft broke, metal in the oil, engine rebuild and £Lots worse off.
I'm sure I could cut costs (e.g. storing outside not hangaring would save £1,800 or £30 per flying hour), but ...
Plane itself has a capital cost of £11,000 which if I sold tomorrow I would expect to get back.
The big hidden cost is maintenance which you never know about. Take engines as an example, a couple of years ago mine was only 1200 hours since zero timed but the alternator drive shaft broke, metal in the oil, engine rebuild and £Lots worse off.
I'm sure I could cut costs (e.g. storing outside not hangaring would save £1,800 or £30 per flying hour), but ...