Re: Hot Gossip On R66 Production
 

Interesting as I remember (from Franks own mouth) "There will never be a turbine powered Robinson" from the horses mouth. Things change I suppose.

Lunar

Re: Hot Gossip On R66 Production
 

I sold my bird in 2000......:sad:
I miss the R44..... always had fun flying it.:)

R22 Depreciation
 

This is a quote from someone selling R22's - could someone shed some light on whether this is actually the case...

"Depreciation (Negligible, freshly overhauled R22s typically sell for more than $ N/A their original cost)"

Any help much appreciated

The "negligible" depreciation assumes that you put away a large amount of dollars each month/year to cover the mandatory rebuild at 2200 hours/12 years. If you don't, the drop in value with time (which I would call depreciation) is very considerable. It is true that after the rebuild the value is close to that of a new one, but any premium would only happen if there was a real shortage of new ones.

Thanks Muffin

So, in a busy school (assuming I did a leaseback) I may recoup my costs? I aim to do 200 hours of training myself in the same machine at the same school.

I've been offered an 80/20 split but I pay insurance, hangar, maintenance, 100hr inspections etc. It's a busy school and could have used the 2200 hours by the end of the year (apparently).

Any thoughts?

Is that a red Herring? Care to elaborate on the numbers? I know there's a deductible but it doesn't amount to $100K...

"Insurance company says no problem we’ll pay for one quarter of the above"

What's the rationale behind that ? Why only a quarter of the repair costs ? Apart from "we don't want to pay out even the slightest bit more than we have to" ?

Mr Selfish,

Thanks. Obvious, now you mention it. D'oh! :O

thank you
 

Just read this thread, Id like to Thank Mr Selfish, for pointing out, the true facts about insurance, Thanks again, think I'll forget buying and keep renting

So, premiums should go down as the helicopter gets older then?!:hmm:

But I was thinking of buying new. Would the insurance companies not pay to cash for 1 quarter value then? Assuming at that point that I had made the money on leaseback etc?

You insure the machine for its current value, weather its 40k - 0r 100k and thats what the insurance co pay less the hull value it you keep it or let them have the lot.

I know because i had i share in one that got bent

Mr S

That's why I'm asking the questions - to learn from those such as yourselves. Just trying to get a big picture before ploughing in...

Cyclic Flare

I believe Hull value is calculated on the New Price - a certain rate per hour flown. Is that right? Do recall the formula? Did you buy another one?!

So, putting money away on a leaseback might cover costs - or at least reduce my training costs?

in the uk

hull value in uk 20k. Time out hull £15k every hour left £40.00

Depending whats on it about £114k plus vat thats on an exchange rate of $1.80 to the pound

£105k for a newly overhauled one.

If you are overhauling beware of a 4000 hour machine this will need a new boom $11000.00 extra.

When you take out the insurance on a used one you agree the hull value with the insurer. As the machine ages, the hull value indeed does go down, so if you agree a new hull value each year then your hull premium element should indeed fall. However, in the UK at least, there are break points in value where the percentage premium rate charged falls as the hull value increases. So you may well find that a lower agreed hull value is charged at a higher % rate so the premium is actually greater.

The biggest risk in doing what you are proposing is that training ships do get bashed about with repeated EOLs etc. Hence the maintenance costs may well be a lot higher than you are budgeting for. remember, you can't claim for everything that might happen on insurance.

"Learn from forums like this. "
 

Some excellent advice given here. Just one of the reasons I enjoy PPrune/rotorheads as much as I do.

Gerhardt - my thoughts exactly.

Thanks for your feedback everybody.

R22 Flight Training Manual
 

Hey guys and gals,

Does anybody have a copy of the R22 training manual produced by RHC.

Was wondering what the contents is like and also if it is a handy teaching aid?

TiP:hmm:

http://www.rnk.co.uk/himan/

Should do the trick!