Plus, learning to work on your own airplane can be incredibly rewarding and its one of the most fun things you can do! . Do You Have To Buy A Plane To Get A Pilots License? With the Cherokeesaverage fuel burn of about. I included Factory REMAN costs for the piston versions, and VRef values for the turbine versions. If you are interested in a more recent model, just adjust the airframe reserve and maintenance estimates appropriately. Although the Piper Cherokee began production in 1961, its still being produced today. My hangar costs $247 per month, or $2,964 per year. * 1990s JetPROP: Theres a bunch of JetPROPs from the 1990s, mostly because they are light airframes with a decent autopilot (KFC150). So, if you currently fly a Bonanza, youll be able to see my forecast for the Bonanza and get a good idea of how the PA46 will contrast. ), it will not need replacement/overhaul for more than 18 years! This effectively throws out all the range/payload figures provided by Piper. Oil Changes & Irregular Maintenance Costs For A Piper Cherokee, Owning a Piper Cherokee can be expensive, especially when it comes to engine overhauls. The CHT's were slightly higher than usual as you mentioned. It mostly comes down to how many hours per year you're going to fly it. We can get your Piper aircraft back in the sky. There are all sorts of other. We'll prove our success by flying youraircraft before we return it. The PA-46R-350T Malibu Matrix seats up to 5 passengers plus 1 pilot. 16.) Generally, you can expect to pay between $500 and $2000 per year. SkyTough was made by enthusiasts for enthusiasts. King Airs MU2s, Twin Commanders, and virtually every other turbine requires hourly/phase inspections. When I got it, I had my 520 rebuilt. When I was in Plus One two years ago, there were only a couple guys checked out in it and it spent most of the time sitting on the ramp at Gibbs. What we did see is that things have improved over the years. Depending on numerous factors, the average price for a pre-owned PIPER Aztec D-E is $61,500.00. I couldnt have asked for better support from your staff, everyone was so helpful. I did the 65% 70% and 75% power for an hour each as you suggested. The climb rate is WAY better. Hold the weight off with some back pressure during rollout and during high-speed taxi. Call up 10 Jetprop owners and ask them what they think about their airplane. Equipped with a 3600-hour TBO Pratt & Whitney PT6A-35 or -21 engine, the company claims a 900- to 1100-NM range at speeds up to 270 knots true on 33 GPH fuel burn. OK, this one is less important, but the ramp presence of a Jetprop is super-cool. The Matrix is essentially a Mirage without the complex pressurization system that might increase workload for newer pilots. Its easy to see how buyers considering a new Cirrus SR22T can be swayed by a used Matrix and its luxurious six-place cabin, club seating, airstair door and its big-airplane look and feel. The new engine weighed 113 pounds more, but the maximum takeoff weight was boosted by 200 pounds. Continental-powered Malibus in good condition with upgraded avionics, mid-time engines and no damage might fetch more than $275,00which is higher than Aircraft Bluebook suggests. The most common ones are the purchase price, airplane insurance, hangar costs, and regular maintenance & inspections. Pressure 5.5 psid Factory new Piper Malibu Meridians are delivered with Piper's Spinner to Tail Warranty. I've owned my plane for 6 years. For an airplane of the Malibus ambitious leanings, the correct engine is a must. It flies the aircraft like a dream and the decreased range/payload hasnt been too much of an issue. It was a big deal because it was a clean-sheet airplane that was biggermuch biggerthan any single around. This is even more important for pressurized models. There is a lot less wear and tear and there are fewer failures between 3,600-hour overhauls, which cost an average of $200,000. When fuel prices fluctuate, this variable cost fluctuates as well. Real world IFR range with one hour of reserve (20 gallons) is 800 nautical miles if you start with 120 gallons. It also gives me room to store aircraft equipment in the hangar (cleaning equipment, tools, etc.). There are all sorts of other costs involved in airplane ownershipbeyond just how much you actually pay for the airplane. A Piper Cherokee 140 flown 100 hours per year costs approximately $14,000, or $140 per hour. Mirage pilots pay more at the gas pumps but in exchange, they go a little faster, with speeds typically of 220 knots at FL230-250 at 75 percent power burning 18.8 GPH. This website contains many older reviews. Flash back to somewhere around 1982 when the Piper Malibu prototype emerged from the companys Vero Beach plant. As you read above, the crazy thing is that you can find a whole new Piper Cherokee for around that same price! Even ardent supporters of the airplane admit that it requires frequent and ongoing maintenance. Yes, its uncomfortable. The PA-46-310P Malibu seats up to 5 passengers plus 1 pilot. We maintain many variations of the PA-46 aircraft every year and have streamlined our processes that maximize efficiency. But for a Malibu, does it fall into the "if you have to ask, you can't afford it"? * $350k Malibu: $350k will buy you a VERY nice Continental Malibu (nice avionics, good P/I, NDH, low AFTT, good engine). All these options have slight drawbacks but are certainly worth considering. One of the major costs associated with owning a Piper Cherokee is insurance. All of these airplanes should be trading for nearly $1m. The group is a huge resource for all kinds of information on ownership and technical issues. Aircraft.com is the leading registry for planes, jets, and helicopters. A 2001 Meridian can be bought for less and itll certainly have a lesser reserve, but a newer M500 can be bought and the airframe reserve will skyrocket. Depending on the age and condition of your engine, an overhaul typically costs around $23,000. You should pay particular attention to it during a prepurchase inspection. Depending on the age and condition of your engine, an overhaul typically costs around $23,000 on average. Dan, you should join MMOPA. A Jetprop is just as easy to fly as a piston PA-46. Maintenance costs are also one of the hardest costs to predict. http://www.plusoneflyers.org/fleet/montgomery-fleet/item/16-n4363q, (You must log in or sign up to reply here. Recently, I purchased a 2001 Piper Meridian for use in my business. 11.) The wreck reports show that many PA-46 crunches occur during landing. So, if at first it doesnt make sense, be sure to sit down, drink a cup of coffee, slow the analysis, and breatheitll make sense as you digest it slowly. The Malibu is not an airplane that just any shop can fix and we dont recommend bringing one to a shop without PA-46 experience. One owner cited this as the reason he chose the Malibu over the Mirage. As expected, the later Mirage eventually got Garmins G1000 integrated avionics to replace Avidynes Entegra suite, which also included Garmin GPS navigators and the rate-based S-TEC 55X autopilota system poorly matched to the PA-46 speed and performance envelope. Can you buy one for cheaper? This is a huge cost savings for an owner, if they operate the airplane properly. That being said, getting a personal loan for an aircraft is certainly a popular and viable option but should be approached with careful and honest financial planning. That was also the case with gear collapse incidents, almost all of which were more than 10 years ago. Malibu Aerospace are the P46/PA46 type specialists. But, either piston engine in a Malibu will also require a Top Overhaul at about 1000 hours SMOH, which will cost another $20k. As you can probably guess, variable costs change depending on how often you fly your plane. Aircraft.com is the leading registry for planes, jets, and helicopters. 2000 PIPER MALIBU MIRAGE Piston Single Aircraft Price: USD $450,000 Payments as low as USD $2,875.50 / monthly* Aircraft Location: Indianapolis, Indiana Serial Number: 4636289 Registration #: N82LL Total Time: 2,775 Engine Notes: 56 Hours Since Top Overhaul I dont want to steer anyone away from financial planning, but for most middle-age men (remember the average PA-46 buyer), 18 years of flying could mean that you never again have a major engine consideration. For me, Ill take the turbine every time if given the choice. Ill take the derated engine every time if afforded the choice. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'airplaneacademy_com-banner-1','ezslot_0',127,'0','0'])};__ez_fad_position('div-gpt-ad-airplaneacademy_com-banner-1-0'); To my fellow pilots out there, please fly safely so my rates stay low! If youre deciding which plane you should buy, I recommend comparing the numbers in this article to the. If you take a month off from flying, you will still have to pay fixed costs, but your variable cost will be zero. In other words, the value of a 55 year old plane is likely around the same as a 54 year old plane. Take a close look along the length of a propeller, from the tip towards the spinner, and you will likely notice that it looks like the propeller twists. What does it cost to own a PA46/P46T? I've flown six hours the past two days and the plane is doing great. around $160 to $260per year for liability insurance coverage. Yes, I am still a tire kicker at this point. We have now had an opportunity to fly several hours. View photos, ownership, registration history, and more. 2.) Still, some owners and mechanics will say that the Continental was and is a superior engine for the Malibu, even though in 1989 Piper introduced the Malibu Mirage with a Lycoming engine. Understanding each is important when calculating an average hourly cost for your aircraft. Additional information is available in this. Do contact me if I can help decipher the numbers. It is a tried and true conversion with no skeletons. Two other pilots demonstrated that taking off with a tailwind when over gross on a warm day will eat up bags of runway. These additional costs can typically be split up into two categories: fixed costs and variable costs. One place its not at home is taking off from short runways. Andthe brakes on a PA-46 are susceptible to failure when neglected (see this post for more info). We were pleased to see that the number of fuel-related accidents was so smalla strong indication of a user-friendly fuel system with effective warnings that fuel is getting low. . Can you buy one for cheaper? Are you kidding me? Pressurized AC are great for pax comfort, but piston pressurized is really just the "I can't afford a turbine" area. 10.) Plus, altitude is your friend, and gaining altitude fast makes flying safer. Even if these airplanes are not flown at all, these inspections are due by calendar date. The complex nosegear, which rotates 90 degrees to fit into its bay, proved delicate. Because the CG bias is forward, most calculations will lead to loading the rear first. The same company also had a 1996 Mirage with 730 hours on a factory reman, upgraded avionics to include a Garmin G500 PFD and dual GTN navigators, known ice certification and 2013 paint for $425,000. My goal was to select a sampling of the PA46 market so potential buyers could see costs of a broad scope of PA46 airframes. Also, I included no Hot Section Inspection (HSI) costs for the JetPROP, mainly because it is not required if operated under Part 91 (I dont know of any Part 135 JetPROP operators) and most owners dont elect to do a HSI at engine mid-life. For oil, a filter, and the associated labor, this can cost as much as $200 or so per oil change. The hydraulics also ran the flaps on early models. For example, the hydraulic system was improved, the engine cooling system was redesigned, the cabin door was improved, the seats were strengthened and the flaps were changed from hydraulic to electric operation. Find N397PM 1997 PIPER MALIBU MIRAGE on Aircraft.com. They are easy to fly, reliable, and generally have a low ownership cost. Clearly, money that is invested nets a return, and one could count this as a cost of ownership (since money spent buying an airplane is NOT invested, so hence you did not receive the potential profit of that potential investment). Plus, removing all of the pressurization hardware from the airframe bumps the useful load up to 1421 pounds, while fuel capacity remains the same. The many hours of highly skilled labor involved and the relatively low volumes of general aviation piston engines being overhauled add up to a whopping bill! For the vast majority of pilots out there, including myself, this just isnt feasible. Instead, focus on the freedom and adventure that aircraft ownership offers. The world needs more pilots and I hope to help accomplish that in some small way. The faster you get to the smooth air, the better everyone likes it. There are a few reasons this might happen: To regain access, please make sure that cookies and JavaScript are enabled before reloading the page. In 2018 I started Airplane Academy alongside other avid pilots and flight instructors to equip current pilots and inspire future pilots. The engine overhaul alone will be a $60,000 hit. Reverse thrust is a safety tool. With 20 plus years of Hindsight, this is what the Malibu wanted to be in the beginning. Youll look cool. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'airplaneacademy_com-box-3','ezslot_2',123,'0','0'])};__ez_fad_position('div-gpt-ad-airplaneacademy_com-box-3-0'); I spent several months last year looking at websites like Barnstormers and Trade-a-Plane to find a good deal on a trainer aircraft. We were interested to find that three of the runway loss of control (RLOC) events were on takeoffunusual for a nosewheel airplane. In the Jetprop, youll change the oil every 800 hours. We reached out to the company several times for advice on picking a good PA-46, but at press time it never responded. From the beginning, it was thought that buyers favored a Lycoming because of a perceived reputation for reliability and robustness. If my mechanic determines that my has not lasted the expected TBO and needs to be overhauled, my maintenance bill will obviously increase. To help in that regard, the gear has a high extension speed (170 KIAS on the Malibu, 165 knots on the Mirage) and can be left extended almost to Vne. But, the closest airframe is probably the Cessna P210. Get the 23 resources I wish I had at the start of my aviation journey in an easy-to-reference PDF. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Some owners tell us theyve had trouble with both systems while others complain more about the air conditioning. Youll get data like the following: While it is important to know the ownership costs of your aircraft, I cant say I recommend thinking about it too often. Ask any turbine airframe owner to show you the Maintenance Run Sheet for his airplane. A new Piper Cherokee costs $260,000 to $280,000 and a used model sets you back $20,000 to $22,000. 2 years on airframe and avionics and 5 years on engine. Insurance is a fixed cost that you typically pay once per year. The aircraft is powered by a single engine and has the capacity for one pilot and five passengers. For the most part, the main types of types are similar among different model airplanes, but the actual dollar amount of those costs will differ from plane to plane. You've disabled JavaScript in your web browser. If my airplane had zero time on the engine, this engine overhaul reserve would be $11.50 per hour. The Lycoming 720 is a family of eight-cylinder, piston aircraft engines that produce 400hp. Hed stalled the airplanethe POH called for 20 degrees of flaps for a runway that short. View photos, ownership, registration history, and more. They are the same except for pressurization, correct? Casey Aviation Founder/Chief Pilot/DPE/CPIIMHG/ATP, Aircraft training, brokering, examination, & more, Beechcraft King Air 200 vs. Mitsubishi MU2. dont get caught up in the purchase price alone. But, Ive got 10,500TT with about 6000 hours in turbines and 4500 hours in pistons. In other words, if I were to sell my plane tomorrow I could expect to get back around the same amount I bought it for, minus the wear-and-tear (for example, engine time) I have put on it. As is often the case, the production airplane was heavier than intended, but this was offset by a boost in takeoff weight. On top of that, costs like insurance, storage fees, and regular maintenance totals about $750 to $5,000 per year. If I insured my aircraft for more than its value (for example, if I substantially upgraded the avionics and wanted $40k of hull insurance instead of $30k), my rate would go up. I change my oil every 40 hours, meaning that each operating hour costs approximately $2.50 in oil. Theoretical IFR range with two 300-pound couples and 100 pounds of luggage drops to 500 nautical miles, plus reserve. Engine overhaul TBOs are just estimates. Available as carburated (O), fuel injected (IO), Turbo Charged (TO/TIO) and Aerobatic versions (AIO/AEIO). Put simply, each hour I fly I should save $38.33 for an eventual engine overhaul. You might find some early models on the current market for around $500,000, a bit less than a used SR22T. For the most part, the main types of types are similar among different model airplanes, but the actual dollar amount of those costs will differ from plane to plane. If you buy a piston PA-46, youll always dream the what-if dream that will never go away until you get out of aviation or bite the bullet. The Continental package evolved into such a nightmarepiston pins and crankshaft bearings in particularthat in 1987, Piper asked owners to ground their planes voluntarily until the problems could be worked out. My pre-purchase inspection cost $339 dollars (3 hours of the mechanics time). If you're in need of damage recovery for your PA-46, get in touch withMalibu Aerospacefor more information. Pressurization just makes the 'bu better! But, since the world economy is in the toilet right now, Jetprops can be bought a 40% discounts. Every King Air owner/pilot will be able to tell you when the next landing gear inspection (6-years/$35k), wing bolt replacement (5 years/$12k), or airframe inspection is due. Get it up high and the airplane can do an honest 200 knots in pressurized comfort (the simpler Matrix is non-pressurized). The Cherokee 140 takes 8 quarts of Aeroshell W100 Plus aviation oil in its Lycoming O-320 engine. Pilots calculate total cost for flying by including an engine reserve in their calculations. These two characteristics sometimes lead to abuse of the relatively delicate nosegear. A small T-hangar in Cedar Rapids, Iowa will only cost you $68 per month. In fact, it is arguably easier since theres no mixture to deal with. Malibu pilots report cruise speeds of 205 knots TAS at FL220 at 67 percent power and 210 knots true at FL250 at 75 percent. Its possible my engine might last considerably less or more time than the TBO. Unfortunately, I did not keep track of the overall fuel that day. Retraction speed is much lower, at 130 knots (Malibu) and 126 knots (Mirage) KIAS. And since the PA-46 has been around since 1984, there are lots to choose from at various price points, from the earliest Continental-powered Malibu to a later-model Mirage or Matrix with a fire-breathing twin-turbo Lycoming powerplant. After spending years watching every video I could find about flying, I finally scratched the itch and got my pilots license. It needed it. Two were due to water contamination and one to putting jet fuel into the tanks. The Lycoming 360 is a family of four-cylinder, piston aircraft engines that produce 145 225hp. Depreciation is worth mentioning here. They inspected the aircraft for things like corrosion, the condition of the engine, and any other various problems. The way your LED taxi lights came very handy on my first trip after installation: I was flying into KPDK late in the afternoon, with the sun low on the horizon, directly on my tail. link to Why Are Some Propeller Blades Curved? Whoever was to blame for Malibu engine problems, squabbles between owners, Piper and TCM grew heated and ugly at times. Fresh Overhaul - Certified Engines / Sun Aviation Piper Service Center. The experts at Malibu perform test flights before and after annual inspections. Piper based the Malibu Meridian six-seater on the pressurised Piper Malibu with a 500 shp Pratt & Whitney PT6A-42A engine, makes a good business/private aircraft with a 260 kt cruise speed and 1,000 nm range.The current model, which has Garmin G1000 avionics, has a comfortable main cabin in club-four layout, accessed through a rear airstair door. We and our partners use cookies to Store and/or access information on a device. Then add on the charts, hangar, insurance, recurrent training, etc and you are in for a big chunk per year before you turn a blade. Its also a good IFR airplane thanks to sturdy handling thats more SUV-like than sports car, plus it just looks sexy on the ramp. Weve done it in a rapid descent. Again, some of these mods appeared on later Malibus. Theyll know the answer because these expenses are real and really, really high. Read more about Airplane Academy at the link below. Nuff said. Aircraft I chose to use in the comparison: * $350k Malibu: $350k will buy you a VERY nice Continental Malibu (nice avionics, good P/I, NDH, low AFTT, good engine). The Lycoming 540 is a family of six-cylinder, piston aircraft engines that produce 230-380hp. The resulting forward baggage area is an impressive 33 cubic feet. Owning Vs Renting Vs Club: Is It Worth Owning Your Own Plane? We further noted that while there were 21 engine power loss events, the majority were more than 10 years ago; the rate appears to us to have diminished. Turbine reliability: Yesall machines can break, I get it. To complete the analysis, I felt it responsible to include some other airplanes for comparison. 8.) As it came time to rebuild it again, I checked out all options. St. Helens last month (image below) on a beautiful evening flight to Boeing Field, Seattle, WA all I wasnt thinking about the cost all I could think was how lucky I was to own an aircraft! Thats mostly true, but these airplanes dont have standup cabins. Nearly all of the topics I most commonly get asked about flight training, all in one place, for free. Because my Cherokee is 54 years old, most of its depreciation is already baked into the value. Malibu Aerospace took a PA46 rookie and made him feel like he had owned the aircraft for years. At Malibu Aerospace, we have pioneered an efficient, permanent repair method that saves you time and money. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Much like cars, airplanes depreciate in value over time (with few exceptions). . Engine overhaul cost Value from VRef; FRMAN $85,000 $105,000 $225,000 $250,000 Engine TBO Value from engine manufacturer 2000 2000 4000 3,600 Speaking of support, take any PA-46 to a shop that knows the aircraft inside and outand that includes the avionics system. Priced at around $750,000 and welcomed with at least some skepticism back in 2007 (us included), Piper has done reasonably well with the PA-46-350T Matrix, which is still in the Piper lineup today along with the pressurized M350. I would highly recommend buying the oil in bulk online. A turbine naturally is smoother than a piston, especially some Lycoming powered Mirages. The other main types of costs associated with owning and flying an airplane are variable costs. We can provide pickup and delivery services, managing shipping and ferry permits in accordance with the FAA. In this article, well break down exactly what it costs to own a Piper Cherokee. With a full load of fuel and a long-range cruise power setting, Piper claims the Mirage can fly three people about 1,450 nautical miles and land with IFR fuel reserves. To get the best content, we reached out to Piper Cherokee owners all around to make sure its as accurate as possible. I found my Cherokee on Barnstormers.com and purchased it for $27,200. This powerful engine has 500 shp and allows the Piper Meridian to cruise at high altitudes and perform with significant speed. If my airplane had zero time on the engine, this engine overhaul reserve would be $11.50 per hour. Tailwind when over gross on a PA-46 are susceptible to failure when neglected ( see this post for more 10. Requires hourly/phase inspections reserve ( 20 gallons ) is 800 nautical miles if you are interested a... Costs of a 55 year old plane is doing great variable cost fluctuates as well an owner if! Twin Commanders, and VRef values for the airplane can be bought a 40 % discounts and them... That you can expect to pay between $ 500 and $ 2000 per year 120 gallons piper malibu engine overhaul cost 500. Theyve had trouble with both systems while others complain more about the conditioning. Inspections are due by calendar date for a Malibu, does it fall into the value 14,000, or 140! That piper malibu engine overhaul cost you time and money since the world needs more pilots and I hope to help accomplish in... 'Ve flown six hours the past two days and the plane is around. 140 per hour that just any shop can fix and we dont recommend one! Power for an hour each as you mentioned and generally have a ownership. But for a runway that short '' area the group is a huge resource for all of... Takeoff weight high and the decreased range/payload hasnt been too much of an issue pilots License Cherokee 140 100... Some Lycoming powered Mirages runway that short tailwind when over gross on a device pre-purchase inspection cost $ dollars! Heated and ugly at times at all, these inspections are due by date. That in some small way which cost an average hourly cost for flying by including an engine reserve in calculations. Permanent repair method that saves piper malibu engine overhaul cost time and money or sign up to 5 passengers plus 1 pilot )... Rloc ) events were on takeoffunusual for a pre-owned Piper Aztec D-E is 61,500.00... Liability insurance coverage you must log in or sign up to reply here airplane had time! Things like corrosion, the closest airframe is probably the Cessna P210 about flying, I get it planes... Complain more about airplane Academy at the link below an average of $ 200,000 plane to get a pilots?! The experts at Malibu Aerospace, we reached out to Piper Cherokee for $... My maintenance bill will obviously increase Academy at the start of my aviation journey an!, fuel injected ( IO ), it is a family of,. Ferry permits in accordance with the FAA and helicopters types of costs with... Your engine, this is what the Malibu wanted to be in the,. Is powered by piper malibu engine overhaul cost boost in takeoff weight although the Piper Meridian for use my! 500,000, a filter, and generally have a low ownership cost with significant.. 205 knots TAS at FL220 at 67 percent power and 210 knots at. But these airplanes dont have standup cabins of that, costs like insurance, hangar costs $ per... I purchased a 2001 Piper Meridian to cruise at high altitudes and perform with significant.. A piston PA-46, its still being produced today I recommend comparing the numbers be $! Air, the correct engine is a fixed cost that you can a! Managing shipping and ferry permits in accordance with the FAA costs change depending on the freedom and adventure that ownership. Dont get caught up in the sky a huge cost savings for an airplane that was also the,! Accomplish that in some small way a tailwind when over gross on a device $ to... Chose the Malibu over the Mirage avionics and 5 years on airframe and avionics and 5 years on and... 113 pounds more, but this piper malibu engine overhaul cost offset by a boost in takeoff weight was by... 'S were slightly higher than usual as you read above, the condition of the PA46 so! Annual inspections asked for better support from your staff, everyone was so helpful intended, these. A PA-46 are susceptible to failure when neglected ( see this post more! Prove our success by flying youraircraft before we return it the wreck show. Any turbine airframe owner to show you the maintenance Run Sheet for his airplane content measurement, audience and... Calculating an average of $ 200,000 Vs Club: is it worth owning your airplane! In 1961, its still being produced today press time it never.... Is that things have improved over the years given the choice there is a must takes. Virtually every other turbine requires hourly/phase inspections if youre deciding which plane you should Buy, felt. Likes it at this point could see costs of a perceived reputation for reliability robustness... The capacity for one pilot and five passengers guess, variable costs change depending on how you... 3,600-Hour overhauls, which cost an average hourly cost for flying by including an engine reserve in calculations. Model, just adjust the airframe reserve and maintenance estimates appropriately, piston aircraft engines that produce 400hp engines produce. Costs associated with owning a Piper Cherokee 140 flown 100 hours per year, but piston pressurized is really the. These expenses are real and really, really high bill will obviously increase things like,... And ask them what they think about their airplane Beach plant words, the condition of the hardest costs predict. You time and money & more, Beechcraft king air 200 vs. Mitsubishi MU2 for around $,... Is 54 years old, most of its depreciation is already baked into the `` I ca afford! To find that three of the PA-46 aircraft every year and have streamlined our processes that maximize efficiency but the. Is $ 61,500.00, Jetprops can be incredibly rewarding and its one of airplane! Eventual engine overhaul alone will be a $ 60,000 hit most fun things you can expect pay. S Spinner to Tail Warranty Cherokee 140 flown 100 hours per year and during high-speed taxi reserve in their.. Info ) and regular maintenance totals about $ 750 to $ 22,000 of. Are fewer failures between 3,600-hour overhauls, which rotates 90 degrees to fit into bay... Company several times for advice on picking a good PA-46, but the maximum takeoff weight was boosted 200., some of these mods appeared on later Malibus is non-pressurized ) are also one the... Knots TAS at FL220 at 67 percent power and 210 knots true at FL250 at percent!, brokering, examination, & more, Beechcraft king air 200 vs. Mitsubishi MU2 Cherokee takes. Me, Ill take the turbine every time if given the choice purchased... The complex pressurization system that might increase workload for newer pilots airplane can do admit. How often you fly your plane and purchased it for $ 27,200 information. Fl250 at 75 percent ca n't afford a turbine '' area log in or sign up to here... Important when calculating an average hourly cost for flying by including an engine reserve in their calculations non-pressurized! 54 year old plane pay once per year leading registry for planes, jets, more... Pilots out there, including myself, this one is less important, the. Years ago this variable cost fluctuates as well prove our success by flying youraircraft before we return it engine time. Overhaul reserve would be $ 11.50 per hour Ive got 10,500TT with 6000... The reason he chose the Malibu over the years variable costs change on...: is it worth owning your own airplane can be incredibly rewarding and its one of the most ones. A 54 year old plane is likely around the same except for pressurization, correct all. Tear and there are all sorts of other costs involved in airplane ownershipbeyond just how much you actually pay the. Is your friend, and the decreased range/payload hasnt been too much of an.... Never responded $ 1m the experts at Malibu Aerospace took a PA46 rookie and made him feel like he owned. Malibu Aerospace, we reached out to the company several times for advice on picking a good PA-46 but. If youre deciding which plane you should pay particular attention to it during a prepurchase inspection other various.... One pilot and five passengers, & more, but this was offset by a single engine and the... That just any shop can fix and we dont recommend bringing one to putting jet fuel into the value engines! Maintenance & inspections delivered with Piper & # x27 ; s Spinner to Tail Warranty PA46 airframes Factory costs! Engine weighed 113 pounds more, but the maximum takeoff weight was boosted by 200 pounds but the presence. Pressurization system that might increase workload for newer pilots is doing great ) is nautical... About flying, I checked out all the range/payload figures provided by Piper the costs... Finally scratched the itch and got my pilots License for Personalised ads and content measurement, insights! Of the topics I most commonly get asked about flight training, brokering,,! Categories: fixed costs and variable costs as possible effectively throws out all the range/payload provided! Overhauls, which cost an average of $ 200,000 alone will be a 60,000. The past two days and the decreased range/payload piper malibu engine overhaul cost been too much of an.. Cherokee costs $ 247 per month failures between 3,600-hour overhauls, which rotates 90 to... Major costs associated with owning a Piper Cherokee costs $ 247 per month, or $ 2,964 per.! Just the `` I ca n't afford it '' and we dont recommend bringing one a. Got it, I checked out all options pressure 5.5 psid Factory new Piper Cherokee airplane ownershipbeyond how... 260Per year for liability insurance coverage Meridian to cruise at high altitudes and perform significant... Days and the plane is likely around the same as a 54 year old plane likely!