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looking for advice, those with private jet experience come on in

9K views 32 replies 8 participants last post by  SMW 
#1 ·
Ok so I am a pilot for a large regional airline currently. I used to work for a guy that has done very well for himself. Right now he is thinking about buying a private jet but wants to get some info from someone with experience. He is looking at maybe a Lear 45 or something similar. Anyone that has some REAL WORLD info about costs like maint, fuel, insurance, hangar fees, etc.. also what is the reality of entering the plane into a charter pool to recover some of the costs. The plane would be used basically just for his family to travel on. business travel is not a priority. if anyone could help me out with this info or connect me with someone who could would be greatly appreciated. I enjoyed working for this person in the past and if he does acquire a plane it could result in a new job for me. Thanks!
 
#14 ·
#16 ·
I'd only want it to seat 10 or 11
 
#19 ·
I am looking for aircraft operating costs, Not necessarily wanting to compare them, just wanting to compile information.

Maintenance, fuel burn, Pilot salary, range, weight, and anything else that can help me to most accurately figure out the true operating costs. Truthfully I need the information by tomorrow or Tuesday. If you are not too busy and up to the challenge that would be awesome :wink:. But if you are not able to get it that quickly then no big deal. I have found a few forms and PDF files on the internet and have started figuring out some of the costs on my own. I am just not sure if they are accurate and current, so it would be nice to compare mine against theirs when you are able to share the results with me.


- Chad
 
#20 ·
Truthfully I need the information by tomorrow or Tuesday.
Unless you know where I live and show up with a bottle of single malt, I'm not likely to make your deadline. Maybe your broker will be able to accommodate. This is the software I use: https://www.conklindd.com//Page.aspx?nid=2&action=view&id=33 He'll probably have a copy of it as well. Like I said, I need to find my install DVD and reinstall it on this machine. Otherwise, it will spit out all of what you're looking for.

Are you purchasing or simply poking numbers around for entertainment value?
 
#23 ·
That is a good idea. Have you heard anything good about the Honda jets?

If you don't mind me asking what is your history in the industry? From what I can tell the aviation section in this forum is somewhat small. Are there any other forums that are cool to be a part of?
 
#25 ·
I have heard good things too. Honda motors are very reliable and they seem to focus on saving weight and maximizing performance in my opinion. It seems Honda aviation has the same idea.

I have been reading up about the new engines the Nextant 400xtt's are using and their new found maintenance costs and range is impressive.

What type of plane do you own? I hope to one day join the ranks and be an owner.
 
#26 ·
I would not consider the Honjet just yet, until it has some years in the market. I currently operate a Challenger 600 Part 91 for the business. Have you considered Citation Mustang? Operating cost on Cessna are very good. Another missing from your list would be the Piaggio...cabin is great.
 
#27 ·
I am curious to see about the Honda jet, its a radical change for aviation to mount engines the way Honda is doing with their jet. I image after some tweaking and a few years of the jet, the Honda Jet will be a very good plane. As HoneyBadger has stated, the Mustang and Piaggio are both great starter planes, if your needs are very minimal, you could even consider a Pilatus which has even lower cost. Love the way the Piaggio looks, really a unique plane, to bad the jet version of the Piaggio never came to fruition. HoneyBadger, what industry are you in that you operate a Challenger 600?
 
#29 ·
Work for my inlaws Venture Capitalist Company overseeing all investment and looking for new oportunities (basically spend my days looking at business plans, looking around for new ideas and sitting on board meetings), but also manage the flight department for the company. The CL600 operating cost are huge, but you can get one cheap in the market now. For our needs it's more than enough. If I were to get one now...hands down the CL300 would be my choice...great airplane.
 
#30 ·
I see, yeah the CL600 burns a lot of fuel and high maintenance, but its got a huge cabin so pay-offs, I always find it interesting to see what business's people justify private jets for, I have a friend that has one for his cement company and another just for personal convenience. I too like LuxGlobal would like to own a private jet, but I lean now a days to seeing that fractional ownership is the best option for individuals, if I some day can afford that.
 
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