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please help updating costs due inflation

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please help updating costs due inflation

Old 28th Mar 2015, 22:02
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Join Date: Dec 2013
Location: Baleares
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please help updating costs due inflation

Hello,

I just found this excellent post by englishal made in 2007 and wondered if anyone might contribute to help update average SEP running costs for 2015 ?

with thanks

Some general figures for a simple aeroplane like the 172:

Fixed costs:

Insurance: £2000 per year
Hangar: £2000 per year
Annual: £1000 per year
Star Annual (extra allowance per year): £700
Repairs and spares: £1000 per year
Total: £6700 pa

Based upon 200 hours per year gives: £33.50 per hour

Now the running costs:

Fuel: £40 per hour
Engine fund (£20,000/2000): £10 per hour
Extras (oil etc...): £5 per hour

So your total real running costs if you do 200 hours per year is: £88.50 per hour inclusive of pretty much all costs EXCEPT unforseen costs exceeding £1000 per year.

Pretty rough figures but seem about right in my experience. Most simple SEPs will be about the same (unless permit or µlight)
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Old 29th Mar 2015, 09:58
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Join Date: Jan 2008
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Well for starters we've never had an annual under £3k (inc vat) and the average is £4k to £5k, not because they overcharge they just do things properly. Parking £2.8k. Insurance £2.7k (full club use, £5million cover) no claims history. Engine replacement this year will be £16k fitted. PA28-181.
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Old 29th Mar 2015, 10:48
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Do you mean operational or total costs? Purely operational I am actually at about 100 USD/flight hour at 130h/a for a 1967 172, total cost up slightly now to 170 USD/flight hour including depreciation for purchase and repairs. Costs will go up as I already know of a miscalculation of the costs related to engine - TCM spare part prices have been raised extremely. I expect total to be up to about 200 end of the year.

***
Ok, updated with the frame you set in the beginning:

Insurance: USD 600 per year
Hangar: USD 4,000 per year
Annual: USD 1,000 per year
Repairs and spares: USD 3,000 per year
Avionics upgrades: USD 500 per year
Purchase depreciation: USD 2,500 per Year
With 130 hours per year: USD 89 per hour

Fuel: USD 60 per hour (Mogas) / USD 85 per hour (Avgas)
Engine fund: 15 USD per hour
Extras: 5 USD per hour

totals
USD 169 per hour (Mogas) / USD 194 per hour (Avgas)
location: Africa

Last edited by ChickenHouse; 30th Mar 2015 at 16:30.
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Old 30th Mar 2015, 14:23
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I mean both the fixed and variable costs of owning and running a SEP on avgas these days. It would be great if somebody could help me update the above list of figures.
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Old 30th Mar 2015, 14:39
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Join Date: Mar 2013
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Location will be needed.

Certain things will vary HUGELY depending on where in the world this is being considered.
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Old 30th Mar 2015, 15:53
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Join Date: Feb 2001
Location: Lechlade, Glos.UK
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Originally Posted by baleares View Post
I mean both the fixed and variable costs of owning and running a SEP on avgas these days. It would be great if somebody could help me update the above list of figures.
Having just rebuilt a Scottish Aviation Bulldog, my costs per hour flown to date is about £2700 per hour (don't ask). Deducting refurbishing costs, that reduces to about £400 per hour to include everything, fuel, maintenance, insurance, hangarage etc. It would be less if I used the aeroplane more. I have no engine fund as I have just fitted a new engine, all hoses, all ancillaries, exhaust and totally overhauled the prop and CSU at a cost of about £35K. I calculate my costs per hour, not including fixed costs, to be in the region of £210.
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Old 30th Mar 2015, 16:32
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Would you please define "average SEP"?
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Old 30th Mar 2015, 17:31
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Join Date: Jan 2008
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Baleares

Forgive me for saying so but I think I did so in the first reply to your post?
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Old 30th Mar 2015, 20:37
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Join Date: Dec 2013
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I was thinking Cessna 172. I am in Spain to be specific.

Apologies to MrAverage, I didn't process your first post fully.

Thanks to all for all input.

Last edited by baleares; 30th Mar 2015 at 21:26.
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