How much does it Cost to Own an aircraft?
This YouTube video covers a few basic things to think about when figuring the ownership costs of an aircraft.
When buying or owning an aircraft I think its important to understand where the money goes. There are numerous variables that can effect the operation costs of an aircraft. The purchase price is not always the most important. Often times the operational expenses are what keep owners grounded.
For example, you can often buy an old light twin for the same price as a single engine. But the operational costs are going to be four times as much or more, even if the purchase price was the same.
If you do some preliminary calculations, you can establish a budget and setup guidelines for what type of aircraft is within your financial capabilities.
Check out the video. And if you want a copy of a cost spreadsheet. Send me an email and I’ll send you a copy.
