11 May 2025, 19:07 [ UTC - 5; DST ]
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Username Protected
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Post subject: Re: MUSTANGS  Posted: 08 Dec 2018, 02:28 |
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Joined: 12/03/14
Posts: 19995
Post Likes: +25046
Company: Ciholas, Inc
Location: KEHR
Aircraft: C560V
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Username Protected wrote: One thing people tend to forget is that you have to pay per engine hour no matter if you are on the engine program or not. The value of a non-program airplane goes down every hour you fly it. The value of a program airplane also goes down with every hour you fly it, too. In some cases, you can pay more into the engine program than the pane is worth on the market. Typical FJ44 program is $160/hour/engine with a 5000 hour TBO. Works out to $1.6M total spent over one overhaul cycle. An early CJ2 won't be worth that in about 5 years. Yet, there really isn't any viable alternative to the program for Williams. They make sure the off program planes pay more, about 30% more. Mike C.
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Email mikec (at) ciholas.com
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Username Protected
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Post subject: Re: MUSTANGS Posted: 10 Dec 2018, 04:30 |
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Joined: 04/12/08
Posts: 522
Post Likes: +19
Location: Sydney, Australia
Aircraft: R66, C510
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I own a 2010 Mustang which I have now owned for almost 4 years. I upgraded from a G58. I have owned several Bonanzas and Barons amongst other aircraft. The Mustang is by far the best aircraft that I have owned for my mission. It does everything that I need well. It’s a six seater with approximately 1000nm range depending on payload. It’s a bitumen aircraft. It’s a jet. Quiet, smooth, flies above the weather and has a great safety record. It’s a great single pilot aircraft, well designed and easy to fly. It is relatively cheap to fly compared to other jets but still expensive compared to single engine turbo props. Any jet owner needs to be prepared for some major out of pocket expenses during ownership. That’s the nature of jets. Cheaper to acquire than a TBM. Better in turbulence. Extra engine for comfort. What’s that worth?
Life is short, if you can, fly a jet, at least for a while. Even better, fly a phenom 300, my dream jet. When your money runs out, the next best thing, fly a Bonanza. Still the best single engine piston.
If you have any questions regarding Mustang ownership please contact me.
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Former Bonanza and Baron owner
Eric Saacks
Sydney, Australia
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Post subject: Re: MUSTANGS Posted: 10 Dec 2018, 13:11 |
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Joined: 05/23/13
Posts: 7850
Post Likes: +10212
Company: Jet Acquisitions
Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: One thing people tend to forget is that you have to pay per engine hour no matter if you are on the engine program or not. The value of a non-program airplane goes down every hour you fly it. The value of a program airplane also goes down with every hour you fly it, too. In some cases, you can pay more into the engine program than the pane is worth on the market. Typical FJ44 program is $160/hour/engine with a 5000 hour TBO. Works out to $1.6M total spent over one overhaul cycle. An early CJ2 won't be worth that in about 5 years. Yet, there really isn't any viable alternative to the program for Williams. They make sure the off program planes pay more, about 30% more. Mike C.
Where do you come up with a CJ2 being worth less than $1.6M in 5 years? They've only dropped what amounts to $200k in the last five years as they have been trending up for the last year. Based on the current value trends and assuming nothing changes in the economy the airplane is as likely to be worth more than $2M in five years as it is less than $1.6M
So, yes program aircraft do drop, but it's just age and airframe time which are minor, the engine times as related to overhaul are the big money.
I've said this before, but lots of really smart people buy aircraft worth $1M - $65M that are all on engine programs... no chance that many smart people are making the wrong decision.
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Post subject: Re: MUSTANGS Posted: 10 Dec 2018, 13:17 |
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Joined: 01/01/10
Posts: 3499
Post Likes: +2473
Location: Roseburg, Oregon
Aircraft: Citation Mustang
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Username Protected wrote: I've said this before, but lots of really smart people buy aircraft worth $1M - $65M that are all on engine programs... no chance that many smart people are making the wrong decision. They just must not be as smart as MC.
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Previous A36TN owner
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Post subject: Re: MUSTANGS Posted: 10 Feb 2019, 02:35 |
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Joined: 09/15/08
Posts: 16
Post Likes: +9
Aircraft: b58
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Thank you all for your feed back. What a great Webb site.
I apologise for the late response to my questions.
Lately the business has been very consuming..
Need some clean air and I’ll be back with some more questions.
Thank Chip, Clint, Eric in particular.
Rich
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