----[Please read http://ercoupers.com/disclaimer.htm before following any advice in this forum.]---- You guys don't know how lucky you are, I look at my figures in a slightly different manner and don't forget you must take into account the loss off interest your money invested in the Aircoupe could be earning you, even at 3% this is substantial. All these figures are converted into US$ at the present rate $1.40 = £1 Hourly costs Fuel 21 litres $ 29.40 Believe it or not, gas costs that here. Oil .5 litre 2.10 Landing 12.60 Yes! we are charged for every landing and this is at a contract rate bought 50 landings in advance, they even charge you this if you go around without touching down. Full rate (not contract) TWICE THIS SUM. Engine overhaul 6.30 Based on a life of 1800 hrs and overhaul cost
of $11,200 which is what it
costs here.
_______
$ 50.40 Per hour with only ONE landing, if
you do more,
each one costs another $12.60
Annual costs which cost you whether you fly 100 hours or 400 hours
Hangarage $ 910.00 Well, that's what I pay and they say that is
cheap
Insurance 1680.00 Yep, that's it over here
Annual 1400.00 Our checks are 50 hours, 50 hours, then a
150
hour check or annual, whichever
is sooner. The 50
hour checks can be carried out
by the owner but
the 150 hour or Annual must be
done by licensed
engineers on APPROVED PREMISES.
(note that)!
________
$ 3990.00 Fly 100 hours in the year and each
hour needs
$39.90 added
So guys, it looks like this.... $50.40 plus $39.90 = $90.30 per flying
hour if you fly 100 hours annually which in UK £s is £64.50 I reckon about
£60 but then what about the loss of interest on my money which I could
invest at minimum 3% ? The money I have invested in my Aircoupe is about
£21,000 and at 3% that would earn me £630.00 or approx $1,000, so there's
another $10 to add to the hourly cost if you fly 100 hours in the year.
Over here most flying schools charge £90 to £120 per hour for hire of a
Cessna 150 or Piper 140 solo rate that is $125 to $170 per hour.
WHO WOULD FLY IN EUROPE? at these rates. ME.
So enjoy your cheap flying, no wonder flying is popular in the USA, in
Europe they are killing it.
Dave Vernon
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