09 May 2025, 19:42 [ UTC - 5; DST ]
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 01:13 |
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Joined: 08/16/15 Posts: 3359 Post Likes: +4825 Location: Ogden UT
Aircraft: Piper M600
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Username Protected wrote: [
It is absolutely worth considering and the op cost is as low or lower than a TBM.
Yes, that first year will require a mentor pilot and a big check, but that is the quickest path to accomplishing what you want to do.
$2.5M will buy a very nice Mustang. Huh?? There are some reasons that one may want to move (not upgrade) from a TBM to a Mustang. But never heard of op costs being a reason. Have had friends make that switch and have said the Mustangs op costs are higher. Whether its worth it, depends on mission. The TBM is almost as fast, handles high hot and contaminated runways better, has more range so the Mustang is different but not a clear upgrade path.
_________________ Chuck Ivester Piper M600 Ogden UT
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 06:22 |
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Joined: 12/02/14 Posts: 32 Post Likes: +16
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It’s a matter of engine programs. If you account for engine reserves on the TBM maybe it is close, if not, there is no world in which the TBM is more expensive than the Mustang. And for whatever reason the TBMs don’t trade at a discount regarding engine time unless they are within about 1,000 hrs of OH and even then not at the true hourly expected cost.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 06:23 |
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Joined: 05/23/13 Posts: 7839 Post Likes: +10204 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: [
It is absolutely worth considering and the op cost is as low or lower than a TBM.
Yes, that first year will require a mentor pilot and a big check, but that is the quickest path to accomplishing what you want to do.
$2.5M will buy a very nice Mustang. Huh?? There are some reasons that one may want to move (not upgrade) from a TBM to a Mustang. But never heard of op costs being a reason. Have had friends make that switch and have said the Mustangs op costs are higher. Whether its worth it, depends on mission. The TBM is almost as fast, handles high hot and contaminated runways better, has more range so the Mustang is different but not a clear upgrade path.
We have multiple clients in both TBM’s and Mustangs and I will assure you that a $2.2M Mustang is not more to operate than a $2.2M TBM. If you compared it to a new TBM that might be true. I love TBM’s but they’re not cheap to maintain.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 06:29 |
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Joined: 05/23/13 Posts: 7839 Post Likes: +10204 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: It’s a matter of engine programs. If you account for engine reserves on the TBM maybe it is close, if not, there is no world in which the TBM is more expensive than the Mustang. And for whatever reason the TBMs don’t trade at a discount regarding engine time unless they are within about 1,000 hrs of OH and even then not at the true hourly expected cost. That hasn’t been our experience. It’s real hard to spend more than $50k a year maintaining a Mustang, and we see that number as a low water mark for the TBM and some years can be eye-watering. I do agree that the value isn’t effected by engine time, but that will change once the current overhaul cost are common knowledge. Again, not knocking the TBM, it’s less to maintain than a Pilatus or King Air, it’s just that the Mustang is very economical.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 06:38 |
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Joined: 12/02/14 Posts: 32 Post Likes: +16
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$500 x 125 hrs = $62,500 for engine programs alone. Thats a lot of TBM maintenance. Pretty sure the twin jet will burn a little more fuel. What is recurrent at FSI compared to in airplane for the TBM? Probably more time and money. Hangar for a Mustang probably more than a TBM… I just fail to see any area that is less besides (maybe) annual direct out of pocket inspections.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 08:20 |
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Joined: 12/02/14 Posts: 32 Post Likes: +16
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Now do a 5 yr mx outlook compared to a mustangs 5 yr mx + ($300k+ of program costs)…..
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 08:28 |
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Joined: 12/02/14 Posts: 32 Post Likes: +16
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And just to be clear, because this is important for prospective buyers, you are saying even when accounting for the mustang engine program, over let’s say 3-5 yrs of ownership, the TBM will cost more than the mustang.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 09:36 |
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Joined: 08/24/13 Posts: 9633 Post Likes: +4478 Company: Aviation Tools / CCX Location: KSMQ New Jersey
Aircraft: TBM700C2
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Username Protected wrote: Want to take a peak on the quote for our upcoming TBM maintenance? Granted, it's a 10 year / 6 year / gear / oxygen mask / prop year and I can save the owners a little money by getting the smaller items and masks locally.
The TBM is one of our least flown managed planes and is consistently more annually in MX than most of our jets. That is literally the most expensive inspection to do outside of HSI. Seems all your high time items came due at once.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 09:52 |
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Joined: 12/03/14 Posts: 19980 Post Likes: +25039 Company: Ciholas, Inc Location: KEHR
Aircraft: C560V
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Username Protected wrote: I’d pay cash for the plane and would like to be sub 2.5 mil. My yearly budget would be 200k ish for 100 - 125 hours per year. The 501 is a great fit and leave a ton of money in your bank account. You could buy a good 501, do the full Garmin panel, paint it, and you still might not be at $1M and you'll have a great airplane. The savings on the capital expense would cover your operating expenses. $1.5M saved is $150K/year at 10% return. Don't be blind to capital costs. Higher hull values also drive up insurance and taxes. Quote: I think the insurance will be stupid the first year on either and may take me out. The 501 hull value is low enough you can self insure if you want to, but I think you can get insurance for it. There seems to be a line at about $1M hull value where things get harder, so if you can stay under that, it will be easier. Quote: I like the idea of an engine program because of my budget That seems backwards to me. If you put the engine program payments into investments, in just a few years you are ahead and have a slush fund to pay for any unscheduled events. If you have no events, which is typical, you are now way ahead. Given you have a $2.5M capital allocation, you have plenty of buffer for an engine event in the unlikely event you need it. Quote: I like the idea and challenge of being type rated. My rule is never buy a plane you are qualified to fly. I did that once and regretted it. The type rating is not particularly difficult and a good exercise. It will be a little overwhelming at first, but it becomes easy after a while. Number one thing is to be sharp on instruments and flying by the numbers. If you can't do that, then turbine airplanes are not for you. Flying your SR22 very precisely is good practice now. If you don't already, go get your multi rating. Easy to get. If that proves hard, then you might want to reconsider the upgrade path. Quote: Would the Mustang DOC be way more than the TBM? Both are another level higher than a 501 when all costs are considered. The twin jet safety is WAY higher than any turboprop, twin or single. If you care about the safety of your passengers, then a twin jet is definitely the way to go. Passengers will like the jet comfort, smoothness, quiet. Mike C.
_________________ Email mikec (at) ciholas.com
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 11:06 |
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Joined: 05/23/13 Posts: 7839 Post Likes: +10204 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: $500 x 125 hrs = $62,500 for engine programs alone. Thats a lot of TBM maintenance. Pretty sure the twin jet will burn a little more fuel. What is recurrent at FSI compared to in airplane for the TBM? Probably more time and money. Hangar for a Mustang probably more than a TBM… I just fail to see any area that is less besides (maybe) annual direct out of pocket inspections. Same thing I keep telling Mike, if you are comparing a program airplane vs an airplane with no engine reserves, that is not an equal comparison. Every hour you put on a -66 Pratt cost (someone) $342... period. There is no escaping it. The Mustang burns less fuel than a TBM and it is faster. Why more for a hangar? Aircraft are roughly the same size, maybe an FBO charges more because it is a jet... but can't be much. Insurance is typically cheaper on the Mustang. I know these numbers, trust me when I say the Mustang is as cheap if not cheaper. The only expensive gotchas on the Mustang is windshields.
Last edited on 11 Apr 2025, 11:54, edited 1 time in total.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 11:09 |
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Joined: 11/03/23 Posts: 260 Post Likes: +419
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Username Protected wrote: Getting back to the Mustang…. I am getting the itch to make a big jump. That big jump for me would be from a SR22 that I have flown for about 700 hours. No multi engine time and no turbine time. My mission is 4 or five people 600 miles to the Bahamas (KILM to MYEH )and once or twice a year from KILM to KTEX. Very little business flights. I started out demoing a M600 which I liked. I was told that I really wanted a TBM 850 because it’s faster. Now, I ran into a friend this week who has had a Mustang and he told me to look at one of them. I’d pay cash for the plane and would like to be sub 2.5 mil. My yearly budget would be 200k ish for 100 - 125 hours per year. I think the insurance will be stupid the first year on either and may take me out. I like the idea of an engine program because of my budget and I like the idea of being over most of the weather. I like the idea and challenge of being type rated. Would it be worthwhile to pursue the Mustang? Would the Mustang DOC be way more than the TBM? I know it’s a lot more than the Piper. My friend and this thread has really got me wondering. You sound like a good candidate for the Eclipse. Plenty of owners have stepped into them from a piston single, including a sizeable handful of Cirrus owners. You can get a very nice one for around $2M, and it would be within your operating budget. A very comfortable 4-person plane, but tight with 5 unless 1 or 2 of them are small. (Most owners leave the middle 2 seats out most of the time, which leaves enough room for the 2 passengers in the back seats to to fully stretch their legs. Seats can be installed or removed in less than 5 minutes once you get the hang of it). Not sure if you're familiar with the Avidyne R9 panel that went into a few late-G2/early-G3 SR22s, but the Eclipse panel is very similar to that. 30kt faster than the Mustang on 60 gal/hr, and parts and support the best they've ever been under most recent company ownership, and getting better. I managed and flew one for about 5 years. Glad to talk if you're interested.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 11:14 |
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Joined: 03/07/18 Posts: 209 Post Likes: +152 Location: Woburn, MA
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Username Protected wrote: Getting back to the Mustang…. I am getting the itch to make a big jump. That big jump for me would be from a SR22 that I have flown for about 700 hours. No multi engine time and no turbine time. My mission is 4 or five people 600 miles to the Bahamas (KILM to MYEH )and once or twice a year from KILM to KTEX. Very little business flights. I started out demoing a M600 which I liked. I was told that I really wanted a TBM 850 because it’s faster. Now, I ran into a friend this week who has had a Mustang and he told me to look at one of them. I’d pay cash for the plane and would like to be sub 2.5 mil. My yearly budget would be 200k ish for 100 - 125 hours per year. I think the insurance will be stupid the first year on either and may take me out. I like the idea of an engine program because of my budget and I like the idea of being over most of the weather. I like the idea and challenge of being type rated. Would it be worthwhile to pursue the Mustang? Would the Mustang DOC be way more than the TBM? I know it’s a lot more than the Piper. My friend and this thread has really got me wondering. You sound like a good candidate for the Eclipse. Plenty of owners have stepped into them from a piston single, including a sizeable handful of Cirrus owners. You can get a very nice one for around $2M, and it would be within your operating budget. A very comfortable 4-person plane, but tight with 5 unless 1 or 2 of them are small. (Most owners leave the middle 2 seats out most of the time, which leaves enough room for the 2 passengers in the back seats to to fully stretch their legs. Seats can be installed or removed in less than 5 minutes once you get the hang of it). Not sure if you're familiar with the Avidyne R9 panel that went into a few late-G2/early-G3 SR22s, but the Eclipse panel is very similar to that. 30kt faster than the Mustang on 60 gal/hr, and parts and support the best they've ever been under most recent company ownership, and getting better. I managed and flew one for about 5 years. Glad to talk if you're interested.
And, perhaps importantly depending on your situation, since the wingspan is <40' you have a better chance of putting it in a standard T-hangar.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Apr 2025, 12:08 |
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Joined: 08/24/13 Posts: 9633 Post Likes: +4478 Company: Aviation Tools / CCX Location: KSMQ New Jersey
Aircraft: TBM700C2
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Username Protected wrote: 30kt faster than the Mustang on 60 gal/hr, and parts and support the best they've ever been under most recent company ownership, and getting better. I managed and flew one for about 5 years. Glad to talk if you're interested. How does the range compare?
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