I spent my 40+ year career in the maintenance side. I got my ppl, a&p, ia. I have around 430 hours pic. So a fairly rounded knowledge base. It's was my experience that half of the aircraft owners had no business owning an airplane as they couldn't afford them. They were more a status symbol than a work tool. Kind of like a trophy wife. They look good but that's about it. Then you have the penny pinchers who put everything they could on the mel. And they wondered why they would miss flights because the aircraft was down. Almost invariably they would blame it on the airplane. They would say how they got stuck with a lemon and we're screwed by the salesman and seller when in fact it's the other way around. The plane got stuck with a lemon owner. My best guess is about 25 percent of the owners understood and we're willing to properly maintain their aircraft no question about it. These were the same people who always made their flights as the airplane and pilots were in good shape. That brings up another point. Pilot turnover. These same 25 percent had no turnover as they took care of their pilots and crew as well as they do their aircraft. The penny pinchers can't keep pilots so just like the airplanes, it costs them more in the end. No hangar queens and no questionable pilots if you do it right. Just sayin. Be safe up there.
Some private jet owners may be spending more than they can afford, but they are far from broke. Just making a poor financial decision that will cost them but it wont bankrupt them and they will still be well off, and certiatnly still in the 0.1% of wealth. (excluding ppl who own sub 2m planes, I'm taking jets) @Steven Batley
Some comparisons below especially re Pilatus P12. Not sure about the Pilatus but a King Air 350 has op costs of about $2000 per hour BUT it flies at 310 knots rather than about 420 knots. So you need to compare MISSION costs, rather than purely hourly operating costs.
Precisely the mission between a P-12 NG and the Phenom 300 is what turns these two so different and without base for a comparison. Totally diferent aircrafts for totally different clients and purposes.
Yes, hehehe, in your video here I laughed because I live in Chicago. And yes I come from the commercial industry side. And having a lay over somewhere, it is nice to eat simple meals even in the hotel that you have crews layover. I am glad you are taking the time to educate people/companies that want to get into this industry. It is a great nut there are some details that non industry people have to start to hear. Fly safe.
Nicely done... as a previous small business owner for 23 years, it's incomprehensible how high your GP percentage and EBITDA would have to be in order to support jet ownership. Obviously, I must have chosen the wrong business/career because we would never have been able to make a/c ownership sensible. .
Its is expensive. If you fly 200 hours or more a year, ownership is more cost effective. We actually figure break even is around 100 hours compared to fractional. And we get a sales pitch almost every year.
It is very good you are explaining this for someone, a group of people or a comps wants to purchase a private jet. Whether purchasing a new or pre-used.
You say you have a boss, then you say WE buy the fuel, exc.... And you know enough about the entire operation to make one think that your part owner in this company? Great video!
The chief pilot or captain will know all the intricacies of the aircraft he flys because it is one part of his or her responsibility. The actual flying and related operations are just a small part of owning an airplane. There is a lot more to it than just the "glamorous" stick and rudder parts you usually see in videos.
What’s a better option between having one jet like a G550 for example or having 2 planes like a G550 and a Phenom 100. The G550 for international and continental and a Phenom for local short distances. Assuming you fly 400 hours a year.
Just ran across your channel looking at different things since I was interested in flying! It was my surprise to see you based in Des Moines. Good luck with everything!
What a cool video...thanks for helping people learn about the details. Was wondering...in your experience what is the range of TBO/HSI costs...since you don't really know until we have a look in there. If it is $1.2mn total...would the range be $1mn to $1.4mn...?
If the boss gives you permission, discuss the money either generated or saved as a result of having the aircraft, perhaps as a multiple. Also, the human wear and tear factor if multiple locations have to be visited.
If you’re flying more than 350 hours a year, it’s totally worth it despite what people say. I mean if you simply do the math it works out to about $4000 per hour you’re in the air…not including the price of the plane ofcourse
Can you do video on best retaining value jet to fly ohio USA to davo phillipines,even if smaller jet to mutilple stops to get into cheaper jet and where you would stop along way ? Try to include ballpark costs too as we all want know money to budget
Another great video with great discussion! I looked into the operating costs of my future project and I have considered all items discussed by you so it was great to reaffirm my research. What complicates the buying decision are jet cards and fractional ownership clubs. Me: fly my plane. Wife-family: Hell no! Jet card/fractional ownership. I guess there's not much faith in this future pilot...
I think that I would much rather pay the high cost of personal transport by the hour, verses buying the plane and all of the extra,extra expenses involved. You can always say, to whomever, that I'm going on a trip, and I'm taking the jet. Just saying. Keep on keeping on top of the clouds👍👍
Your maintenance schedule explanation is a little confusing. The programs Embraer uses is 12 month based. However, there is more to it than the calendar. You have a 12 month, 12 month or 600 hour(what ever comes first), and a 600 hour. So if you fly only three hundred hours a year that means in two years you have a 12 month, 12 month or 600 hour, 600 hour, 24month, and 24 month or 1200 hours (what ever comes first) due to be airworthy. So now in four years you can see why the cost is so significant. You will have to comply with a 12, 12/600, 600, 24, 24/1200, 1200, 48, and 48/2400 inspection. Also not to mention all the out of phase items for life limited parts. The engines also have timed and calendar inspection intervals and ultimately do match the airframe calendar cycle. And the time will match time.
NOW you're in th nutts n bolts. I consulted a friend recently...I was a barber and he was my client. He is a lovely gentleman, wealthy in kindness and knowledge. When I asked his thoughts about Embraer, he touched his ph screen and showed the days figures on embraer stocks. As we chatted he casually cast an iron look and said, 'with covid, I havent been to the hanger. That means I haven't been flying'. Those calendar certs keep ticking by just like each day the sunrises and sets is a day I'll never see again. There is something to be said for 'aging well'... man, plane, boat, motorcycle, car or horse. Th old retort; "if you have to ask, you cant afford it" will help decide if you are in th 25% or the 75% because If you dont ask, your in the 75%.
Could you give me an approximate idea on how long of a flight from TPA to FRA including the layovers for fuelstops . (how long would be a fuelstop?) and what route would you have to take to save on fuel.........I know I am asking a lot....lol. Thank you very much !!!!!!!!!!
I work in the part 121 world but I was told once that it was about the same to have two pilots up front even though the plane might be single pilot rated due to the cost of insurance on single pilot operations. Is that not the case?
No, I would say that is not correct. We pay less than $30,000 for insurance. I have over 14,000 hours and we get $25 million for liability. That is the max single pilot. I have helped crew a plane with a lesser houred pilot and that company has only $5 mil liability with one pilot, $25 mil with 2 pilots.
It is a neat design, years ago we had one on order. It just seems like the savings of moving the engines off the rear fuselage didn't pan out that well. Not any worse than a normal light jet, just not much better. Its runway numbers high and hot are not as good as the Phenom or CJ. But it does fall about right in the middle of the Phenom 300 and 100 for performance. I think Embraer could use a Phenom 200, but not sure there would be a ROI for that.
What would you say to someone who currently runs a King Air fairly regularly (200-250 hrs/yr) but is looking to upgrade to a Phenom? I was not impressed with the performance figures on similar CJ's but the Phenom 300 seems to fit my needs perfectly. Most of my flights are 1 to 1.5 hours with a monthly 1,600nm trip that currently takes about 5 hours each way. If I said my annual time would stay the same, would a Phenom be too much airplane for me?
It will be a upgrade for sure. Those 230-350NM trips will be quick. A 250 trip is 40-45 minute with no ATC delays. I use to go KDSM-KDPA and it was about 42 minutes like clockwork. That 1600 trip will be a joy. After having 5000+ hours in King Airs, mostly 200. The Phenom will make you less tired. I never realized the vibration was so fatiguing until I flew jets. Ill answer more later.
Winding Trail I always justified the tprop vibrations as lulling passengers to sleep. Ha, silence is golden. King air has been a great work horse, but it’s time for some speed.
I like to know what stuff costs. But your video scares away owners. I'm not rich, but after watching your video, if I have the money, ill just go net jets. Also, I had the unique opportunity to meet one of America's richest billionaires private pilots. He was a super cool dude and shared some stories.
@@windingtrail9319 Hangar fees on executive airports have a land lease component plus the bulding fee. If available, you can just lease the land and build your own hangar. The catch to this is that if you default the land lease payment, the airport claims the land and your building as well for pay. You can't just take down the hangar and relocate it somewhere else. Furthermore, those land leases are not short-term contracts. They are long-term leases like 10,15, even 25 years! I believe that small hangars at municipal airports would be more affordable and less stringent. I know here in FL on some municipal airports a small T-hangar for a small Cessna or Piper costs around $180 - $230 per month. But certainly a hangar for a Phenom won't be in that range.
Just wondering if it's better to just buy the "fractional ownership" program or join one of the clubs? Sounds like owning one is more of a pain in the ass and expensive to boot
I would say any way you flight in your own jet is expensive. If you are going to fly over so many hours, 125-150 imo, it is less expensive to own than fractional. Both have advantages, ownership of anything takes management.
I know you wouldn't like reveal your numbers to how much you get paid but what do you consider a good range for what a phenom pilot should get paid (300 but if you know the numbers on 100 I'll be happy too)?
Great video......question.....If I understood it correctly you have to train the pilot for the plane...why do they continue with training every year....???
@@windingtrail9319 My company operates 3 C90 Kingairs. All are enrolled on the Moore extended calender inspection programe that basically doubles the time interval for periodic inspections. Wouldn't this aircraft qualify for a similar extended inspection intervals?
Do you fly for ASI? If so, I might have sat next to you in your passenger seat of a Citation back in 2008/2009 on a flight from Des Moines -> Eden Prairie -> North Carolina
You did not give any totals that would provide for example $259,000 or $1,000,000 per year, It is the annual budget,and not variable costs that are important. Phenom can provide this on a cost per hour basis or a projected use per year.
Let’s talk about the operating cost supposing you won that plane free and clear plus sales tax. I’m gonna give a conservative per hour cost minus pilot pay. $1300.00/hour just to fly it being the owner of the plane. Let’s see some aviation insurance will not cover the phenom without 2 pilots. Single pilot is a high workload in that and it gets heavier in the Rockies. That’s why you are compensated handsomely. Here’s a good figure: I wanna go to KDAL from KPIE and return the day after. Netjets quoted $28 k for that trip. So yes charter companies charge exorbitant fees to cover their operating cost under their part 135.
When at my former airline which was flying 727’s at the time (obviously, a long, long time ago....) they figured operating costs at close to $1000 per minute!!
one more thing... just because some of the phenoms are rated for single pilots, it's not recommended. Sometimes you need two more eyes, ears and hands on the job if there are issues in the flight... So, just because you could, it isn't recommended...
It does count as an instrument competency check. But since I go every 12 months I still need to make sure I have my IFR currency for the last 6 months. Normally not very hard. But this year I have to make sure with the slow flying schedule.
$25K for a years of insurance? That’s cheap... A MD 600 helicopter is $60K a year. Engine insurance is crazy expensive... a buddy of mine is his own pilot... the 300 is a single PiC capable aircraft...
Winding Trail Thanks for responding... I knew the 100 and 300’s were single pilot because I’m on it upon occasions. It made me want one... but, I have a fast twin now that I am PIC of. How I know about the MD 600’s insurance price above is because that’s my annual bill for insurance. I have several friends that self-insure. Most are fortunate to not have and issues.. my worries are the ones that do.. and why I have it... good video... and thanks for sharing..
Question for your sir... since Phenom 300 can be a single pilot airplane, do pilot feels like they need a 2nd pilot to fly the Phenom 300 or one is ok? Taking in consideration about 300 hours flying time a year. Thank you
I do feel the 300 can be flown safely with one pilot. That being said, I think I've seen 2 pilots fly a plane not very safe. But it really depends on pilots. If your very use to 2, going to one would be difficult.
That is an outstanding question. I would have to say yes,most people think of ga planes as propeller driven planes. But I think that private jets fall under ga aircraft because they aren’t commercial aircraft.
Very good question, I believe "General Aviation" is all private owned and non-scheduled airplanes. Military and airlines would be the others. As of now, fractional and charter flights would be general aviation.
![Flying the Phenom 100 [St. Thomas to Providenciales]](http://i.ytimg.com/vi/vXHWuZsSKkE/mqdefault.jpg)
This is the best channel on small jets on the internet. A channel that actual pilots can relate to.
Thank you very much!!
Actual pilots.....don't buy aeroplanes.........Aircraft owners do.
@@SuperSetright I’m a pilot and I own a plane
I spent my 40+ year career in the maintenance side. I got my ppl, a&p, ia. I have around 430 hours pic. So a fairly rounded knowledge base. It's was my experience that half of the aircraft owners had no business owning an airplane as they couldn't afford them. They were more a status symbol than a work tool. Kind of like a trophy wife. They look good but that's about it. Then you have the penny pinchers who put everything they could on the mel. And they wondered why they would miss flights because the aircraft was down. Almost invariably they would blame it on the airplane. They would say how they got stuck with a lemon and we're screwed by the salesman and seller when in fact it's the other way around. The plane got stuck with a lemon owner. My best guess is about 25 percent of the owners understood and we're willing to properly maintain their aircraft no question about it. These were the same people who always made their flights as the airplane and pilots were in good shape. That brings up another point. Pilot turnover. These same 25 percent had no turnover as they took care of their pilots and crew as well as they do their aircraft. The penny pinchers can't keep pilots so just like the airplanes, it costs them more in the end. No hangar queens and no questionable pilots if you do it right. Just sayin. Be safe up there.
@Rob Hunter If you don’t mind please clarify what you mean by taking care of the pilot and crew? How, don’t they have a set fee? Thanks.
Many people spend all their life trying to look wealthy ,yes some are,but I know many who can't pay their electricity bill!
Some private jet owners may be spending more than they can afford, but they are far from broke. Just making a poor financial decision that will cost them but it wont bankrupt them and they will still be well off, and certiatnly still in the 0.1% of wealth. (excluding ppl who own sub 2m planes, I'm taking jets) @Steven Batley
@@khandibaugh23 duh dud...You are Already in that 75% cat. WOW.
@@miked3371 proof yet again; not all ta whom have it doeth deserve it.
Thanks for the details!! Straight and to the point, much better to hear the numbers from a Pilot's perspective than written material.
Really well done. But would have been nice to see a summary at the end and an overall hourly flight cost (even if just was a range).
Very down to earth presentation! Looking forward to more videos. Patrick from Albuquerque
Thanks Patrick.
Gosh!! I was planning on purchasing a fleet of 15 G650’s. I’m reconsidering now. Great video btw!
15*
Wow. G650 is my middle name.
Hahaha WHAT!
@@terryterry1655 an se rkdfcudkfZ ndfy
Thanks for the info ... my favorite aircraft the Phenom... ive got 25 years in aerospace manufacturing. Always been into aircraft
I could barely afford to watch this video without ADS , youtube premium keeps going up
LOL
I am happy I came across this channel today. You have a new subscriber! Let me go and binge watch the rest of your content before I ask my question :)
Some comparisons below especially re Pilatus P12. Not sure about the Pilatus but a King Air 350 has op costs of about $2000 per hour BUT it flies at 310 knots rather than about 420 knots. So you need to compare MISSION costs, rather than purely hourly operating costs.
Precisely the mission between a P-12 NG and the Phenom 300 is what turns these two so different and without base for a comparison. Totally diferent aircrafts for totally different clients and purposes.
Good info. Another significant cost is supplemental lift when the pilots or plane is down and you can’t reschedule the trip.
Very true!
I can afford the cleaning towel. Maybe some paper....
Brilliant video, a very big wake up call, the running costs, and they only get bigger.
Yes, hehehe, in your video here I laughed because I live in Chicago. And yes I come from the commercial industry side. And having a lay over somewhere, it is nice to eat simple meals even in the hotel that you have crews layover. I am glad you are taking the time to educate people/companies that want to get into this industry. It is a great nut there are some details that non industry people have to start to hear. Fly safe.
Nicely done... as a previous small business owner for 23 years, it's incomprehensible how high your GP percentage and EBITDA would have to be in order to support jet ownership. Obviously, I must have chosen the wrong business/career because we would never have been able to make a/c ownership sensible. .
Owning, a private jet is not cheap... but it can ride comfortably. 👍👍
Easy to understand why a lot of folks go NetJets, VistaJet, etc. Outright ownership can be complicated, unless you employ the right people.
Very true.
On the flip side is owning the plane and leasing it via Netjet, etc. to cover some of the cost of ownership.
Its is expensive. If you fly 200 hours or more a year, ownership is more cost effective. We actually figure break even is around 100 hours compared to fractional. And we get a sales pitch almost every year.
It is very good you are explaining this for someone, a group of people or a comps wants to purchase a private jet. Whether purchasing a new or pre-used.
You say you have a boss, then you say WE buy the fuel, exc.... And you know enough about the entire operation to make one think that your part owner in this company?
Great video!
No, just flown for same owners for 20 years. Advise on purchases, sit in on a lot of meetings. Approve A LOT of bills....
@@windingtrail9319 thanks for covering this topic, always been curious but didn't think it was appropriate to ask.
The chief pilot or captain will know all the intricacies of the aircraft he flys because it is one part of his or her responsibility. The actual flying and related operations are just a small part of owning an airplane. There is a lot more to it than just the "glamorous" stick and rudder parts you usually see in videos.
very informative, very interesting, but wish you had given a "ball park" on pilot cost!!!!
What’s a better option between having one jet like a G550 for example or having 2 planes like a G550 and a Phenom 100. The G550 for international and continental and a Phenom for local short distances. Assuming you fly 400 hours a year.
Nice video man thank you for sharing
I'm buying one as soon as I sell my Hyundai.
Absolutely Fantastic info.. cheers!!
That is a lot to think about, and I probably would not have considered all those extras, like Hanger, property insurance, pilot travel expenses.
Great job explaining all this!!!
I'm still buying a plane...i need that time and experience
Nice frank presentation, thank you.
Great video. I like the presentation style too. Thanks
This was a very informative and enjoyable video. Thank you. One day when my lottery ticket hits I will buy ....a HondaJet. :)
Just ran across your channel looking at different things since I was interested in flying! It was my surprise to see you based in Des Moines. Good luck with everything!
If I won the super lotto I would buy a Pilatus for 2-3 hr trips..And just charter for longer trips with more passengers..
Very interesting video and topic
What a cool video...thanks for helping people learn about the details. Was wondering...in your experience what is the range of TBO/HSI costs...since you don't really know until we have a look in there. If it is $1.2mn total...would the range be $1mn to $1.4mn...?
That was great Info! Sooooo appreciated ⭐👍🏾
It reassures me that we both use the same car wax. Puts us in the same league, sort of. It's what I keep telling myself.
If the boss gives you permission, discuss the money either generated or saved as a result of having the aircraft, perhaps as a multiple. Also, the human wear and tear factor if multiple locations have to be visited.
If you’re flying more than 350 hours a year, it’s totally worth it despite what people say. I mean if you simply do the math it works out to about $4000 per hour you’re in the air…not including the price of the plane ofcourse
Thank you. Continued success in the Aviation Industry.
Happy 4th of July yo you and your family. Peace and fly safe always.
Very interesting and informative.
Can you do video on best retaining value jet to fly ohio USA to davo phillipines,even if smaller jet to mutilple stops to get into cheaper jet and where you would stop along way ? Try to include ballpark costs too as we all want know money to budget
Wow, Thank you so much..for insight.. Deepika
Another great video with great discussion! I looked into the operating costs of my future project and I have considered all items discussed by you so it was great to reaffirm my research. What complicates the buying decision are jet cards and fractional ownership clubs. Me: fly my plane. Wife-family: Hell no! Jet card/fractional ownership. I guess there's not much faith in this future pilot...
Nice - just give me the total cost to operate/own the aircraft for one year - 400 flying hours per year?
I'm Really Liking that Van Halen Video "Dreams" after hearing This
I Like That He Give's a Ballpark Break down Of Costs, Stuff I didn't know
Thanks for the info. Priceless ,🤳🏾🤴🏾⭐⭐⭐⭐⭐🍿
Good information
So my question how this plane ✈️ will reach LA to Hawaii?
Phenom 300 range is 2100 miles.
LA to Hawaii is 2412 miles? What to do?
Thanks for the video/explanation, keep the blue side up!
PW535E1 engine leaks before end of warranty but not honored by PW because of degree of leaks?
Hey buddy you got a sub, you're real talk
Well done video with content and explanation.
I think that I would much rather pay the high cost of personal transport by the hour, verses buying the plane and all of the extra,extra expenses involved. You can always say, to whomever, that I'm going on a trip, and I'm taking the jet. Just saying. Keep on keeping on top of the clouds👍👍
Your maintenance schedule explanation is a little confusing. The programs Embraer uses is 12 month based. However, there is more to it than the calendar. You have a 12 month, 12 month or 600 hour(what ever comes first), and a 600 hour. So if you fly only three hundred hours a year that means in two years you have a 12 month, 12 month or 600 hour, 600 hour, 24month, and 24 month or 1200 hours (what ever comes first) due to be airworthy. So now in four years you can see why the cost is so significant. You will have to comply with a 12, 12/600, 600, 24, 24/1200, 1200, 48, and 48/2400 inspection. Also not to mention all the out of phase items for life limited parts. The engines also have timed and calendar inspection intervals and ultimately do match the airframe calendar cycle. And the time will match time.
NOW you're in th nutts n bolts. I consulted a friend recently...I was a barber and he was my client. He is a lovely gentleman, wealthy in kindness and knowledge. When I asked his thoughts about Embraer, he touched his ph screen and showed the days figures on embraer stocks.
As we chatted he casually cast an iron look and said, 'with covid, I havent been to the hanger. That means I haven't been flying'.
Those calendar certs keep ticking by just like each day the sunrises and sets is a day I'll never see again.
There is something to be said for 'aging well'...
man, plane, boat, motorcycle, car or horse.
Th old retort; "if you have to ask, you cant afford it" will help decide if you are in th 25% or the 75% because If you dont ask, your in the 75%.
Very well done, one of my top #5 planes to consider [let's be real] fractional...
Could you give me an approximate idea on how long of a flight from TPA to FRA including the layovers for fuelstops . (how long would be a fuelstop?) and what route would you have to take to save on fuel.........I know I am asking a lot....lol. Thank you very much !!!!!!!!!!
12h flight time plus stops in Halifax and Azores. Roughly. Tampa to Frankfurt.
@@mattym8 Thank you very much for the breakdown !!!
I work in the part 121 world but I was told once that it was about the same to have two pilots up front even though the plane might be single pilot rated due to the cost of insurance on single pilot operations. Is that not the case?
No, I would say that is not correct. We pay less than $30,000 for insurance. I have over 14,000 hours and we get $25 million for liability. That is the max single pilot. I have helped crew a plane with a lesser houred pilot and that company has only $5 mil liability with one pilot, $25 mil with 2 pilots.
Great video! What about getting a flying license? How much is it?
Just curious, what do you think of the Honda Jet and what do you think it would cost roughly to own that ?
It is a neat design, years ago we had one on order. It just seems like the savings of moving the engines off the rear fuselage didn't pan out that well. Not any worse than a normal light jet, just not much better. Its runway numbers high and hot are not as good as the Phenom or CJ. But it does fall about right in the middle of the Phenom 300 and 100 for performance. I think Embraer could use a Phenom 200, but not sure there would be a ROI for that.
That’s a lot of corn!
Is the phenom 300 considered an economical plane in its class?
Yes on both!
Yes, it is relatively economical as far as jets go.
What would you say to someone who currently runs a King Air fairly regularly (200-250 hrs/yr) but is looking to upgrade to a Phenom? I was not impressed with the performance figures on similar CJ's but the Phenom 300 seems to fit my needs perfectly. Most of my flights are 1 to 1.5 hours with a monthly 1,600nm trip that currently takes about 5 hours each way. If I said my annual time would stay the same, would a Phenom be too much airplane for me?
It will be a upgrade for sure. Those 230-350NM trips will be quick. A 250 trip is 40-45 minute with no ATC delays. I use to go KDSM-KDPA and it was about 42 minutes like clockwork. That 1600 trip will be a joy. After having 5000+ hours in King Airs, mostly 200. The Phenom will make you less tired. I never realized the vibration was so fatiguing until I flew jets. Ill answer more later.
Winding Trail I always justified the tprop vibrations as lulling passengers to sleep. Ha, silence is golden. King air has been a great work horse, but it’s time for some speed.
How about what the income is per flight hour ? at-least industry standard.
Great video and aircraft, thanks
Great video, very informative , thanks
I like to know what stuff costs. But your video scares away owners. I'm not rich, but after watching your video, if I have the money, ill just go net jets. Also, I had the unique opportunity to meet one of America's richest billionaires private pilots. He was a super cool dude and shared some stories.
Awesome video!
Another great video. Sounds like hangar fees are a complete ripoff
Thanks, and I do agree!
@@windingtrail9319 Hangar fees on executive airports have a land lease component plus the bulding fee. If available, you can just lease the land and build your own hangar. The catch to this is that if you default the land lease payment, the airport claims the land and your building as well for pay. You can't just take down the hangar and relocate it somewhere else. Furthermore, those land leases are not short-term contracts. They are long-term leases like 10,15, even 25 years! I believe that small hangars at municipal airports would be more affordable and less stringent. I know here in FL on some municipal airports a small T-hangar for a small Cessna or Piper costs around $180 - $230 per month. But certainly a hangar for a Phenom won't be in that range.
I just want to know what the name of the polish is you are using on the airplane...
Just wondering if it's better to just buy the "fractional ownership" program or join one of the clubs? Sounds like owning one is more of a pain in the ass and expensive to boot
I would say any way you flight in your own jet is expensive. If you are going to fly over so many hours, 125-150 imo, it is less expensive to own than fractional. Both have advantages, ownership of anything takes management.
Your right about everything..
Gosh!!!! I need to work even harder now.
Great information.
I know you wouldn't like reveal your numbers to how much you get paid but what do you consider a good range for what a phenom pilot should get paid (300 but if you know the numbers on 100 I'll be happy too)?
Love laymen talk conversation, I can understand
Super interesting and I haven't won the lottery yet.
Sapiens Homo I haven’t either. Or else it would be my airplane!
So, is there anything special about this plane cost? Why Praetor? It seems that it is more expensive than others to maintain.
Great video......question.....If I understood it correctly you have to train the pilot for the plane...why do they continue with training every year....???
It is called continuing education or recurrent training. And that makes sure we stay qualified, current, and most important(to me) not complacent.
Great video!
you need to make millions & millions of dollars per year.....to have a jet.
the annual inspection, series A, B, C, D...I believe you get the 5th yr "free". is that correct or is it every yr with no exception?
It’s an airplane, ain’t nothing free! Every year, 4th and 5th are the most extensive and expensive.
@@windingtrail9319 My company operates 3 C90 Kingairs. All are enrolled on the Moore extended calender inspection programe that basically doubles the time interval for periodic inspections. Wouldn't this aircraft qualify for a similar extended inspection intervals?
Can you talk about how someone goes from 0 to flying a phenom 300 privately? Thanks!
See flightchops videos with Osama Arafat. He did exactly that.
So what do you think is better? Buying a brand new one or a used one?
Do you polish the top of the fuselage ? Love to see you doing it
Do you fly for ASI? If so, I might have sat next to you in your passenger seat of a Citation back in 2008/2009 on a flight from Des Moines -> Eden Prairie -> North Carolina
You did not give any totals that would provide for example $259,000 or $1,000,000 per year, It is the annual budget,and not variable costs that are important. Phenom can provide this on a cost per hour basis or a projected use per year.
This pilot can't afford this plane. To a rich guy - this amount of money is the same as losing a bet on a golf course.
Let’s talk about the operating cost supposing you won that plane free and clear plus sales tax. I’m gonna give a conservative per hour cost minus pilot pay. $1300.00/hour just to fly it being the owner of the plane.
Let’s see some aviation insurance will not cover the phenom without 2 pilots. Single pilot is a high workload in that and it gets heavier in the Rockies. That’s why you are compensated handsomely.
Here’s a good figure: I wanna go to KDAL from KPIE and return the day after. Netjets quoted $28 k for that trip. So yes charter companies charge exorbitant fees to cover their operating cost under their part 135.
Thank you so much.
When at my former airline which was flying 727’s at the time (obviously, a long, long time ago....) they figured operating costs at close to $1000 per minute!!
So what would it cost to fly 500 hours per year?
Great video
one more thing... just because some of the phenoms are rated for single pilots, it's not recommended. Sometimes you need two more eyes, ears and hands on the job if there are issues in the flight... So, just because you could, it isn't recommended...
Does your annual recurrent keep you IFR current as well? or do you still need 6 approaches/1 hold every six months?
It does count as an instrument competency check. But since I go every 12 months I still need to make sure I have my IFR currency for the last 6 months. Normally not very hard. But this year I have to make sure with the slow flying schedule.
As a rich man once said, "If it flies, floats or f**ks... Rent it."
Can i pilote this very light jet with the ppl licence ?
$25K for a years of insurance? That’s cheap... A MD 600 helicopter is $60K a year. Engine insurance is crazy expensive... a buddy of mine is his own pilot... the 300 is a single PiC capable aircraft...
Robert Kaindl , yes it is single pilot capable.
Winding Trail Thanks for responding... I knew the 100 and 300’s were single pilot because I’m on it upon occasions. It made me want one... but, I have a fast twin now that I am PIC of. How I know about the MD 600’s insurance price above is because that’s my annual bill for insurance. I have several friends that self-insure. Most are fortunate to not have and issues.. my worries are the ones that do.. and why I have it... good video... and thanks for sharing..
Very much. Long limo is better. You can buy champaigne from every gas station, in Europe.
california has a 1% property tax, $100,000 per year?
Question for your sir... since Phenom 300 can be a single pilot airplane, do pilot feels like they need a 2nd pilot to fly the Phenom 300 or one is ok? Taking in consideration about 300 hours flying time a year. Thank you
I do feel the 300 can be flown safely with one pilot. That being said, I think I've seen 2 pilots fly a plane not very safe. But it really depends on pilots. If your very use to 2, going to one would be difficult.
@@windingtrail9319 great video. Please do a video about finding & hiring a pilot (from start to finish).list websites etc.
Awesome video make more
Is the phenom 300 a general aviation plane, if not what are general aviation planes?
That is an outstanding question. I would have to say yes,most people think of ga planes as propeller driven planes. But I think that private jets fall under ga aircraft because they aren’t commercial aircraft.
Very good question, I believe "General Aviation" is all private owned and non-scheduled airplanes. Military and airlines would be the others. As of now, fractional and charter flights would be general aviation.