28 May 2025, 15:31 [ UTC - 5; DST ]
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Post subject: Re: Legacy Citation vs Turboprop Posted: 19 Oct 2023, 15:29 |
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Joined: 05/23/13 Posts: 7990 Post Likes: +10315 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Too much to respond to…
But in 8 years of business I have never taken any kickbacks from any shop. But, Mike is right, it does happen. I had a pilot steer one of my clients to a big shop once, one we don’t like to use on 525’s, and I wondered.
So, it is a fair point.
I would let any of our clients look at our books, our checking accounts, my personal checking accounts, anything they asked for… I’m completely transparent.
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Post subject: Re: Legacy Citation vs Turboprop Posted: 19 Oct 2023, 15:38 |
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Joined: 05/23/13 Posts: 7990 Post Likes: +10315 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: We’re looking for a V, as Kirk mentioned, I always prefer to do a Phase 5 as a prebuy, because it’s the most invasive inspection, but it has to be coming up within months to get a seller to agree to it, because they know that at almost any shop it’s going to generate $50k plus in discrepancies. Chip, This is the kind of stuff that winds we active owners up. What on earth could cause "$50k plus in discrepancies" to come up on a well-maintained plane? Is it possible? Sure. There is a thread on CJP where someone with an 1,100 hour Mustang, a crack was found on an interior rib of the horizontal stab. Textron is quoting $100k. But your statement that the seller would "know" that a Phase 5 will generate $50k in discrepancies is nuts IMO. I haven't been through a Phase 5 but I just finished my 1-4. Total discrepancies were a bit of ducting in the tail (heat exchanger exhaust ducting), a set of peri seals for one bleed air connection in the tail, 2 spots of corrosion found on the flaps (likely rocks kicked up that chipped the paint and then more dirt/salt etc flung into the area and caused corrosion) that was fixed with $2,700 of sanding and paint (and that also included touching up some other paint areas since the painter was there), and a leaking sump drain that needed a new o-ring. I'm 3 years out for my Phase 5 but I would absolutely take you up on your offer - I am confident that I would come out ahead on that deal. Again, stuff can happen whether it's a 172, a Bo, or a jet. That's why we do the inspections in the first place. But the bottom line is that if someone "knows" that that they are going to have $50k plus in discrepancies during an inspection, then they are NOT maintaining their airplane, period.
I get where you’re coming from, realize that I am an advisor and I have to set proper expectations for buyers and sellers. We’re also talking in generalities and the bill will depend on the airplane. Once I’ve gone through the records I usually have a good idea what the inspection is likely to cost, on a King Air I rarely miss by more than $10k, Citations are much harder to accurately predict.
I’ve seen phase 5’s on 560’s generate $10k in discrepancies and I’ve seen them generate well north of $100k
To say that’s a shop ripping people off and making 80% profit is simply off base. I’ll be the first to say a bill may be 20% higher at a big shop, maybe even 30% but it isn’t going to be double and it sure isn’t going triple. (for the same discrepancy list)
Now, if a shop misses stuff… yes the bill will be substantially lower.
I’m not trying to piss anyone off, I’m just pointing out that most people maintaining these airplanes are spending a lot more than an involved owner like Mike C. and I appreciate what he’s doing, I said many times that I get it and that I’ve done it, but I keep getting words put in my mouth, so it’s all but impossible to refute everything.
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Post subject: Re: Legacy Citation vs Turboprop Posted: 19 Oct 2023, 15:48 |
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Joined: 08/05/16 Posts: 3137 Post Likes: +2283 Company: Tack Mobile Location: KBJC
Aircraft: C441
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Username Protected wrote: Quote: We have a worn seat rail we’re just leaving as is because that single piece of aluminum track that should cost $40 at Autozone is somehow $7,000. It’s not even made by Textron. Is that a Cessna part? It's $7000 from Textron? If so, ask Textron for a pricing review. I think you need to have an account with https://ww2.txtav.com/Parts/ but that's easy to set up. They might reduce the price. No, they I believe use a local shop in Grand Junction for it. That might have been for two I don't remember - either way I bought a used one on eBay for my flight sim (our extra seat is in my flight sim) for something like $20. It was too short to use in the 441. The pot/rheostat was actually a Honeywell part. I don't know if I'm remembering that price correctly either but it was vastly uncorrelated with what it actually costs. It looks like half of a tiny aluminum can with a spring and a wiper on it. West Star can "rebuild them" which I think means putting a new tiny spring in it. I did not know you could do a pricing review, I'll keep that in mind.
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Post subject: Re: Legacy Citation vs Turboprop Posted: 19 Oct 2023, 16:05 |
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Joined: 05/23/13 Posts: 7990 Post Likes: +10315 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: It doesn't have to be cash or checks, you should see what I've seen justified for something as simple as master's tickets each year
millions of dollars in excess spending, so that someone could go hang out in a crowd and play where's Waldo on the golf channel
disclaimer: my comment is not at chip nor am I accusing anyone on this forum of kickbacks This is one of the many things in our industry that needs to be cleaned up, but it is minor compared to some of the other monkey business!
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Post subject: Re: Legacy Citation vs Turboprop Posted: 19 Oct 2023, 17:57 |
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Joined: 08/16/15 Posts: 3402 Post Likes: +4892 Location: Ogden UT
Aircraft: Piper M600
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Just thought I would post a real world flight in the turboprop. The efficiency of these birds is amazing for their capability. Took 5 peeps and a weeks worth of luggage on this 1452 nm trip. Had to leave a little fuel behind with all the weight, but was still able to go normal cruise speed, landing with an hour reserve fuel. The total fuel burn was 200 gallons and I paid $5.08 per gallon for a total of $1016. The speed of the jet would be nice, but going to cost quite a bit more. Attachment: KOGD KDTS 101823.jpg
Please login or Register for a free account via the link in the red bar above to download files.
_________________ Chuck Ivester Piper M600 Ogden UT
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Post subject: Re: Legacy Citation vs Turboprop Posted: 19 Oct 2023, 18:43 |
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Joined: 11/19/15 Posts: 1563 Post Likes: +1473 Company: Centurion LV and Eleusis Location: Draper UT KPVU-KVNY
Aircraft: N45AF 501sp Eagle II
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Chuck That is an impressive trip. I don’t think anyone argues that the SETP like the M600 isn’t a great machine and burns very little fuel. You pay one way or the other. Not many SETP that can make that trip, for sure not a Meridian. The M600 may be the most efficient SETP there is. Let’s compare loan payments or capitol cost and not just flightaware tracks. Haha My flight last night was painful. Had 70-80 knot headwinds. And ATC kept me Low on the departure. Cruising at FL190 being held low sucks the fuel. Burned 1800lbs of fuel on this trip. That’s more than your 1400nm trip. Haha. https://www.flightaware.com/live/flight/N45AFMike
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Post subject: Re: Legacy Citation vs Turboprop Posted: 19 Oct 2023, 20:06 |
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Joined: 05/03/14 Posts: 48 Post Likes: +55
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Username Protected wrote: Just thought I would post a real world flight in the turboprop. The efficiency of these birds is amazing for their capability. Took 5 peeps and a weeks worth of luggage on this 1452 nm trip. Had to leave a little fuel behind with all the weight, but was still able to go normal cruise speed, landing with an hour reserve fuel. The total fuel burn was 200 gallons and I paid $5.08 per gallon for a total of $1016. The speed of the jet would be nice, but going to cost quite a bit more. Attachment: KOGD KDTS 101823.jpg I had a Meridian for 3 years and it was a great airplane for what it was. No external baggage was a huge downside for me. Even if it fits it's a backbreaker to load behind the rear seat. Golf clubs and my family of 4...no way. While the Meridian cabin is nice compared to a piston single, I can't imagine 5+ hrs stuffed in it with a weeks worth of luggage, 5 people and no privacy for a bio break. Doesn't sound enjoyable at all. Efficient sure, but that is no comparison to a jet, any jet. There is a lot more lacking in that scenario than just the speed.
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Post subject: Re: Legacy Citation vs Turboprop Posted: 19 Oct 2023, 20:46 |
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Joined: 11/07/11 Posts: 811 Post Likes: +462 Location: KBED, KCRE
Aircraft: Phenom 100
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Username Protected wrote: Just thought I would post a real world flight in the turboprop. The efficiency of these birds is amazing for their capability. Took 5 peeps and a weeks worth of luggage on this 1452 nm trip. Had to leave a little fuel behind with all the weight, but was still able to go normal cruise speed, landing with an hour reserve fuel. The total fuel burn was 200 gallons and I paid $5.08 per gallon for a total of $1016. The speed of the jet would be nice, but going to cost quite a bit more. Attachment: KOGD KDTS 101823.jpg I had a Meridian for 3 years and it was a great airplane for what it was. No external baggage was a huge downside for me. Even if it fits it's a backbreaker to load behind the rear seat. Golf clubs and my family of 4...no way. While the Meridian cabin is nice compared to a piston single, I can't imagine 5+ hrs stuffed in it with a weeks worth of luggage, 5 people and no privacy for a bio break. Doesn't sound enjoyable at all. Efficient sure, but that is no comparison to a jet, any jet. There is a lot more lacking in that scenario than just the speed. Was 5+ hours in the Meridian your typical flight?
Chip-
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Post subject: Re: Legacy Citation vs Turboprop Posted: 19 Oct 2023, 20:53 |
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Joined: 05/03/14 Posts: 48 Post Likes: +55
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Chip-
No. I had a Meridian, which as Im sure you know won't go 5 hrs. I know Chuck has a M600. I used the term Meridian as a generic as the Meridian/M500/M600 have the same size cabin. What was your point?
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Post subject: Re: Legacy Citation vs Turboprop Posted: 19 Oct 2023, 21:06 |
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Joined: 08/16/15 Posts: 3402 Post Likes: +4892 Location: Ogden UT
Aircraft: Piper M600
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I am usually the weak link in the bio breaks. But for some reason in spite of drinking 2 coffees, 2 cokes and a monster, didn’t have to break out the travel john.  Had my wife and 3 teenagers and nobody had to go. I pack plenty of food and drink on the long trips, and rarely have anyone ask for a break. But people are different. Planning 3 hour legs might work better for some. Typically any one I fly with given the choice chooses non-stop. Makes the trip seem a lot shorter. We fly around 100,000 nm per year. What we save on fuel goes a long way towards covering Capex In a perfect world I would add a jet to my fleet. If you only have one plane, going to deal with compromises.
_________________ Chuck Ivester Piper M600 Ogden UT
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Post subject: Re: Legacy Citation vs Turboprop Posted: 19 Oct 2023, 21:13 |
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Joined: 11/07/11 Posts: 811 Post Likes: +462 Location: KBED, KCRE
Aircraft: Phenom 100
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(Edit: oops, thought this was the Meridian thread, maybe still helpful)
The Meridian is a 3 hour plane, the M600 is a 6 hour plane. Lots of trade off on both, but at what sounds like your typical use where you're loaded up with a lot of luggage and people I can see how it wouldn't work out. I never minded having to land in the Meridian for fuel/break, was just something we planned for when needed. In the Phenom, it happens a lot less, but we still land on longer trips and we still don't ever use the lav. Pilot johns for everyone! Many times I would have loved more range in the Meridian especially where landing to refuel wasn’t ideal due to weather. But if your typical use is 1000 miles or lots of weight, the Meridian is going to fall short for you. But 5+ hours in any of our planes to me is always long. But still better than Spirit!
Chip-
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Post subject: Re: Legacy Citation vs Turboprop Posted: 20 Oct 2023, 07:58 |
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Joined: 12/03/14 Posts: 20190 Post Likes: +25308 Company: Ciholas, Inc Location: KEHR
Aircraft: C560V
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Username Protected wrote: Mike C has invested a substantial amount of his own effort finding a cost-effective training alternative to Flight Safety. All of my Citation training has been done at Flightsafety so far. This includes the initial (crew) type rating, and two SPE recurrents. I am due for another one soon. Flightsafety was cheaper than Simcom, CAE, etc, when I priced them out. Surprising, but true. My last 61.58 + SPE recurrent was a package deal of two for $12,800 total, $6,400 each. I will use the second one soon. Quote: In short, through his own effort, research, and education, Mike C has found another way to own and operate a jet. To put it in other terms, I operate the jet like I operated all of my previous airplanes. I haven't found a "new" way, I am just not using the "jet way" that many think is the only way to operate a jet. If you take a Bonanza to the Textron service center and give them a blank check, then you are doing it the "jet way". I can believe there are those who do that, but the vast majority don't. If you operate the jet like most operate the Bonanza, then you are doing it like I do. The primary ingredient to do what I do is knowledge, not time. Hiring expensive consultants who give you expensive advice won't get you that knowledge, and just makes you poorer. For those with excess money, that works. But that isn't the only way to own and operate a jet. Mike C.
_________________ Email mikec (at) ciholas.com
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Post subject: Re: Legacy Citation vs Turboprop Posted: 20 Oct 2023, 08:42 |
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Joined: 08/16/15 Posts: 3402 Post Likes: +4892 Location: Ogden UT
Aircraft: Piper M600
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Was it JC that made the argument that his Platypus was faster than a CJ3 when you factored in the extra training time of type ratings and 61.58’s etc?  We all probably fly very slow planes if we factor in time spent on aviation forums, but seems like the time spent on maintenance, sourcing parts, shops to deal with refurbs etc, in the legacy jets significantly slows the jet down. I spend very little time on maintenance, probably the most involves me or my partner flying it to Boise, which is the closest and arguably the best SC for our brand. The plane would go annual to annual with one service event per year if we flew 200 or fewer hours. But at 400 hours per year, we go through some expendables, like tires, Beta blocks, prop brushes, sometimes before annual, so we schedule 2 service events per year. Been rare to have any unscheduled events, occasionally will pop in for a bald tire or such. But I am the kind of person that trades a car in when it needs more than oil changes or a set of tires. 
_________________ Chuck Ivester Piper M600 Ogden UT
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