used jet review

PIAGGIO AVANTI
Additional information

economics specifications performance

(2002 Piaggio Avanti) (2002 Piaggio Avanti) (2002 Piaggio Avanti)
Hourly direct operating costs Cabin Dimensions
Range (IFR NBAA 200nm reserve)
– Fuel ($6.86 per gal): $932.96 – Height: 5.8 ft
– Seats full: 980 nm
– Maintenance labor (at $90 per flight hour): $141.70 – Width: 6.1 ft
– Ferry range: 1,440 nm
– Parts, airframe, engine, avionics: $126.63 – Length: 14.9 ft
– Volume: 375 cu ft Rate of climb
– Inspections, component overhauls,
– Door height: 4.4 ft – 2,950 fpm
life limited parts: $190.60
– Door width: 2.0 ft – One engine not operating: 756 fpm
– Engine restoration: $292.02
– Misc. expenses Baggage: Cruise speed
Landing and parking fees: $12.33 – Internal: 16 cu ft – Max: 390 kt
Crew expenses: $67.54 – External: 44 cu ft – Long range: 310 kt
Supplies & catering: $49.08 Service ceiling
Typical seats crew/passengers: 2/6
Total variable flight costs per hour: $1,812.86 – Both engines: 41,000 ft
Average speed: 342 knots Maximum weights
– One engine: 24,900 ft
– Cost per nautical mile: $5.30 – Takeoff: 11,550 lb
– Basic operating: 8,000 lb
Annual fixed operating costs – Usable fuel: 2,802 lb
– Crew salaries (estimates) – Maximum payload: 1,800 lb
Captain: $88,000
Copilot: $53,000
Benefits: $42,300
– Hangar rental (typical): $25,600
– Insurance (insured hull value = $2.7 million)
Hull (0.24% of value): $6,480
Single limit liability: $7,500
– Recurrent crew training: $29,800
– Aircraft modernization (avg per year): $30,000
– Navigational chart service: $2,246
– Refurbishing: $10,800
– Computer maintenance program: $5,950
– Aviation weather service (typical): $700
Total fixed cost per year: $302,376

Annual budget–based on 115,000 nm

(Utilization: 336 hours)
– Variable cost: $609,121
– Fixed cost: $302,376
Total fixed cost (without depreciation): $911,497
– Per hour: $2,713
– Per nautical mile: $7.93
– Per seat nautical mile: $1.32

Total cost (without depreciation): $911,497

PIAGGIO AVANTI compared with other aircraft
– Book depreciation (10% per year): $270,000 First year Variable Seats Range Normal Max takeoff
Model
produced cost/hour exec/max (nm) cruise (kt) weight (lb)
Total cost (with book depreciation): $1,181,497
– Per hour: $3,516 Piaggio Avanti 1988 $1,813 6/9 1,300 354 11,550
– Per nautical mile: $10.27 King Air B200 1973* $1,556 6/15 1,164 283 12,500
– Per seat nautical mile: $1.71 Citation CJ1 1999 $1,680 5/6 887 381 10,600

Total cost (without depreciation): $911,497

*King Air 200
– Market depreciation: $162,000 Assumptions: Aircraft are 2002 models. Jet fuel $6.86/gal; variable cost: fuel plus maintenance reserves; four passengers; NBAA IFR 200 nm reserve fuel;
passenger weight 200 lb includes baggage; two pilots. Maximum cabin altitude, 8,000 ft.
T otal cost (with market depreciation): $1,073,497  Cost source: Conklin & de Decker Life Cycle Cost
Per hour: $3,195 Performance source: Conklin & de Decker Aircraft Performance Comparator, Orleans, Mass.
– Per nautical mile: $9.33
– Per nautical seat mile: $1.56
Source: Conklin & de Decker, Orleans, Mass.