20 Nov 2025, 15:34 [ UTC - 5; DST ]
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Post subject: Re: Cessna 340 wholesaler? Posted: 07 Sep 2016, 13:38 |
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Joined: 02/10/12 Posts: 6712 Post Likes: +8234 Company: Minister of Pith Location: Florida
Aircraft: Piper PA28/140
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Username Protected wrote: Casey I spend about 30,000 per year on annuals and MX Your average flying time is 10 hours a month. You're talking about $250/HR or say 2.5 hours of maintenance for every hour flown. Sounds worse than a helicopter. What breaks in that small amount of flight hours? What's the base cost of an annual?
_________________ "No comment until the time limit is up."
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Post subject: Re: Cessna 340 wholesaler? Posted: 07 Sep 2016, 13:47 |
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Joined: 01/24/10 Posts: 7435 Post Likes: +5127 Location: Concord , CA (KCCR)
Aircraft: 1967 Baron B55
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Username Protected wrote: Casey I spend about 30,000 per year on annuals and MX Your average flying time is 10 hours a month. You're talking about $250/HR or say 2.5 hours of maintenance for every hour flown. Sounds worse than a helicopter. What breaks in that small amount of flight hours? What's the base cost of an annual?
That includes upgrades and reserves . Everything on my 421 works right down to the lights in the baggage compartment. Some might say it's over maintained.
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Post subject: Re: Cessna 340 wholesaler? Posted: 07 Sep 2016, 15:12 |
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Joined: 02/10/12 Posts: 6712 Post Likes: +8234 Company: Minister of Pith Location: Florida
Aircraft: Piper PA28/140
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Username Protected wrote: Your average flying time is 10 hours a month. You're talking about $250/HR or say 2.5 hours of maintenance for every hour flown. Sounds worse than a helicopter. What breaks in that small amount of flight hours? What's the base cost of an annual?
That includes upgrades and reserves . Everything on my 421 works right down to the lights in the baggage compartment. Some might say it's over maintained.
No complaint at all about being "over maintained" - but adding in things to an hourly operating cost, like nice hubcaps and hood ornaments, creates a distorted picture of what it costs to run these beasts, IMO.
"Reserves" are a business tax/accounting line item that guys who fly for personal travel/pleasure are best to ignore unless you're flying a lot.
_________________ "No comment until the time limit is up."
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Post subject: Re: Cessna 340 wholesaler? Posted: 08 Sep 2016, 06:04 |
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Joined: 07/11/11 Posts: 2416 Post Likes: +2773 Location: Woodlands TX
Aircraft: C525 D1K Waco PT17
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Username Protected wrote: KingAir expenses are nutzo.
The owner is throwing in the towel and going to a CJ.
I would agree with what this owner has concluded. When I sold my 340 that I was flying a ton (and costing about 600/hr), I really wanted a KA. With fairly good data, I ran the numbers and re-ran the numbers and came to the conclusion it didn't make sense. I went straight for a CJ. On a cost per hour basis it could be comparable - on a cost per mile basis the choice was clear. Back to the 340/414/421, I agree with Gerald - budget and be prepared to spend 60K a year all in for 100 hours on a well maintained airplane. A fixer-uper like the one being discussed could have so many surprises it could be very painful to own and operate.
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Post subject: Re: Cessna 340 wholesaler? Posted: 09 Sep 2016, 01:10 |
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Joined: 06/28/09 Posts: 14424 Post Likes: +9557 Location: Walnut Creek, CA (KCCR)
Aircraft: 1962 Twin Bonanza
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Username Protected wrote: Should be less than $10k... that leaves $60k for squawks! What the heck can break on a King Air to add up that kind of a bill? Are you kidding me, tons of expensive stuff can and does break on a KA. bus sense switch replacement module? 13k. aft blower motor... 5k. A burned out current limiter can easily be 20 hrs of labor. EFD-84 on the fritz? exchange unit only $17,800 ! the Proline ones are even worse if something breaks. We had one annunciating a failure event though everything seemed to work, 35k fix! The plane's I've flown have gone to the Textron service center, but time is money and these guys run a 24/7 shop and turn the planes quickly. I think your prices are in a best case year where nothing went wrong, no 5 year items are due and uncle Vinny is doing the maintenance.
_________________ http://calipilot.com atp/cfii
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Post subject: Re: Cessna 340 wholesaler? Posted: 09 Sep 2016, 12:10 |
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Joined: 05/23/13 Posts: 8549 Post Likes: +11086 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: Should be less than $10k... that leaves $60k for squawks! What the heck can break on a King Air to add up that kind of a bill? Are you kidding me, tons of expensive stuff can and does break on a KA. bus sense switch replacement module? 13k. aft blower motor... 5k. A burned out current limiter can easily be 20 hrs of labor. EFD-84 on the fritz? exchange unit only $17,800 ! the Proline ones are even worse if something breaks. We had one annunciating a failure event though everything seemed to work, 35k fix! The plane's I've flown have gone to the Textron service center, but time is money and these guys run a 24/7 shop and turn the planes quickly. I think your prices are in a best case year where nothing went wrong, no 5 year items are due and uncle Vinny is doing the maintenance.
I agree that you can see $70k in a year... just not that it should be expected year after year.
We recently put a King Air 300 through Steven's in South Carolina and the bill was over $150k... but things like the bonded wing panel repair and tail inspection panels had not been done, so I don't fault the airplane for those items.
In your post you have revealed part of the issue... I would avoid any Textron Service Center unless I was taking a really late model airplane there. (full disclosure I was recently hired by one of their customers to dispute a bill)
There's GREAT shops like Stevens (I'm getting excellent service from Nashville), Elliott, Honest Air, and Georgetown Turbines... just to name a few. These folks won't take your head of for the sake of doing so and are first class shops.
Also, with Textron catapulting prices on parts you have to be more creative, parts sourcing is going to become a bigger part of managing an airplane properly.
We recently purchased an as removed circuit breaker for a Beechjet 400A for $2000... Beech price $20,000! I can probably get an EFIS-84 display for a few thousand dollars. Same with Proline... call Elliott... they have boxes of them.
We have to ALL pull together and make owning and operating these airframes feasible. I'll start a thread where we can share tricks to save money and keep everyone honest!
_________________ Recent acquisitions - 2004 King Air B200 - 2013 Citation Mustang - 2022 M2Gen2!
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Post subject: Re: Cessna 340 wholesaler? Posted: 09 Sep 2016, 16:05 |
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Joined: 07/25/11 Posts: 362 Post Likes: +96 Location: Durant, OK
Aircraft: CE650/ Piper arrow
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Username Protected wrote: Should be less than $10k... that leaves $60k for squawks! What the heck can break on a King Air to add up that kind of a bill? Are you kidding me, tons of expensive stuff can and does break on a KA. bus sense switch replacement module? 13k. aft blower motor... 5k. A burned out current limiter can easily be 20 hrs of labor. EFD-84 on the fritz? exchange unit only $17,800 ! the Proline ones are even worse if something breaks. We had one annunciating a failure event though everything seemed to work, 35k fix! The plane's I've flown have gone to the Textron service center, but time is money and these guys run a 24/7 shop and turn the planes quickly. I think your prices are in a best case year where nothing went wrong, no 5 year items are due and uncle Vinny is doing the maintenance.
I agree with you, king airs are way more expensive to operate than Chip is letting on. We take our king air to a local shop that works on several turbine aircraft. We fly 400 hours a year so we have to do a phase every 200 hours. We never get out of a phase for less than 28k and that's for just normal maintenance stuff. Not even including the gear or props. I know that it is cheaper if you combine phases because you are pretty much going over the same items but we don't have that luxury. A single phase at a time cost more than doing 2 at a time.
Our airplane is a 1977 King Air E90.
_________________ "You can't climb the ladder of success with your hands in the pockets"- Schwarzenegger
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