24 Apr 2024, 18:38 [ UTC - 5; DST ]
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Oct 2020, 20:10 |
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Joined: 08/14/13 Posts: 6074 Post Likes: +4651
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Username Protected wrote: Why did you choose the Phenom over the Mustang? Maybe I’m biased but I’m surprised this is a question! No contest for me
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 11 Oct 2020, 21:02 |
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Joined: 09/16/10 Posts: 8892 Post Likes: +1956
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Username Protected wrote: I have since decided I want a Phenom 100. A great aircraft, well chosen!
_________________ If you think nobody cares about you. Try not paying your income tax.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 12 Oct 2020, 09:11 |
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Joined: 05/23/13 Posts: 6787 Post Likes: +7340 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: Why did you choose the Phenom over the Mustang? Maybe I’m biased but I’m surprised this is a question! No contest for me
The reason use to be the difference in price, the Phemom 100 sold for $300 - $500k more than the Mustang, but the market made a drastic correction once the first round of 10 year gear overhauls hit.
Even money, the Phenom is more airplane, all depends on how much you fly and how far away that next gear overhaul is.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 12 Oct 2020, 10:41 |
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Joined: 05/23/13 Posts: 6787 Post Likes: +7340 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: Chip- Not following. Is there a 10-yr year OH on the mustang, that’s not on the Phenom? It's the opposite, the Phenom 100 has a very expensive 120 month inspection / gear overhaul. The values of the Phenoms dropped considerably once these gear overhauls started hitting and buyers realized how expensive they were. We are talking hundreds of thousands of dollars, most operators didn't realize a gear overhaul on a light jet could be that expensive.
_________________ It’s a brave new world, one where most have forgotten the old ways.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 12 Oct 2020, 10:59 |
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Joined: 01/28/13 Posts: 6053 Post Likes: +4019 Location: Indiana
Aircraft: C195, D17S, M20TN
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It's the opposite, the Phenom 100 has a very expensive 120 month inspection / gear overhaul. The values of the Phenoms dropped considerably once these gear overhauls started hitting and buyers realized how expensive they were. We are talking hundreds of thousands of dollars, most operators didn't realize a gear overhaul on a light jet could be that expensive.[/quote]
Chip's got it above but here is are my comments;
The gear OH should not be that expensive AND should have been made clear by the original sales people, Phenom, to the buyers and every resale since. The shops qualified to do MX on them should also have a calendar/hours chart that is filled out on every plane they service, owner should have it too, that details what is coming up and when. If the buyer does not have someone like Chip working for them to teach them what they don't know they don't know then buyer beware.
OK rant off.
_________________ Chuck KEVV
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 12 Oct 2020, 15:51 |
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Joined: 05/23/13 Posts: 6787 Post Likes: +7340 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: It's the opposite, the Phenom 100 has a very expensive 120 month inspection / gear overhaul. The values of the Phenoms dropped considerably once these gear overhauls started hitting and buyers realized how expensive they were. We are talking hundreds of thousands of dollars, most operators didn't realize a gear overhaul on a light jet could be that expensive. Chip's got it above but here is are my comments; The gear OH should not be that expensive AND should have been made clear by the original sales people, Phenom, to the buyers and every resale since. The shops qualified to do MX on them should also have a calendar/hours chart that is filled out on every plane they service, owner should have it too, that details what is coming up and when. If the buyer does not have someone like Chip working for them to teach them what they don't know they don't know then buyer beware. OK rant off.[/quote] I'm thankful that we didn't acquire any P100's during the time when the cost wasn't well known. It's always a tough position to be in, you don't want to run down the airplane or exaggerate a risk... we did have a couple of Phenom 100 clients that ended up choosing other models for various reasons, one was because of the gear and that was before anyone knew how bad it could be. The good news is the potential exposure is now known, the cost seems to be coming down and the parts issues seem to be better. I like the Phenom, would not hesitate to acquire one for a client, just a few things you have to know going in.
_________________ It’s a brave new world, one where most have forgotten the old ways.
Last edited on 12 Oct 2020, 19:52, edited 1 time in total.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 12 Oct 2020, 19:47 |
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Joined: 09/05/09 Posts: 4111 Post Likes: +2751 Location: Small Town, NC
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Username Protected wrote: Chip- Not following. Is there a 10-yr year OH on the mustang, that’s not on the Phenom? It's the opposite, the Phenom 100 has a very expensive 120 month inspection / gear overhaul. The values of the Phenoms dropped considerably once these gear overhauls started hitting and buyers realized how expensive they were. We are talking hundreds of thousands of dollars, most operators didn't realize a gear overhaul on a light jet could be that expensive.
I cannot stand calendar items like this. Daher did the same, but it's come out of the stratosphere (IIRC around 7-9k per TBM actuator now). there's no way to justify that kind of expense given this level of technology (even gear-legs on jets are cast and machined).
even artificial, implanted body parts aren't that expensive (and they have tight tolerances).
_________________ "Find worthy causes in your life."
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 12 Oct 2020, 20:07 |
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Joined: 12/17/13 Posts: 6359 Post Likes: +5543 Location: Hollywood, Los Angeles, CA
Aircraft: Turbo Commander 680V
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One of the quotes I bring with me from Jason: "Rich people get sick of paying through the nose, too". I totally agree that mandated overhaul costs like that are ridiculous. I stay away from indebted servitude whenever I can. I'd make an exception for the P180, though, as it's not mandatory for part 91 there.
_________________ Problem is the intelligent people are full of doubt, while the stupid ones are full of confidence.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 22 Oct 2020, 17:09 |
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Joined: 08/23/10 Posts: 849 Post Likes: +661
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Does the $1,800 include the inspections themselves, or just the squawks resulting from the inspections? I assume not. What were the inspection costs?
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 23 Oct 2020, 19:06 |
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Joined: 11/08/12 Posts: 6323 Post Likes: +3811 Location: San Carlos, CA - KHWD
Aircraft: Piaggio Avanti
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Username Protected wrote: Granted we're on the parts program (didn't need any parts this year and not renewing), and the engine program that both cost a sizeable amount of money. Ah, so it's not so much that the maintenance for the year only cost $1800 as that you don't include the pre-paid maintenance amounts in that $1800?
_________________ -Jon C.
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