I change my oil every 40 hours, meaning that each operating hour costs approximately $2.50 in oil. around $160 to $260per year for liability insurance coverage. This breaks down to $519.09 per hour. $25k / 75 hours is $333/hr. What we did see is that things have improved over the years. If youre excited about buying a Piper Cherokee which you totally should be! 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. Read more about Airplane Academy at the link below. What does an overhaul cost, anyway? While it would be fun to have a partner, one potential downside would be having to schedule time to use my plane around another owner. Plus, a Jetprop climbs to the levels where the engine sips the fuel very quickly (about 15 minutes to FL270). It is a busy PDF, but theres lots ofvalue in the numbers. Faster is always better. As it came time to rebuild it again, I checked out all options. Weve always felt that the PA-46 is an autopilot airplane. 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. Looking online, the average cost of overhauling the engine in my plane, a Lycoming O-320-E2A, is $23,000. Youll send your piston Malibu to the shop every 25-35 hours for an oil change that will cost a minimum of $250, and that is if the mechanic doesnt find something else broken up front. Be glad you likely saved thousands of dollars on headaches down the road.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'airplaneacademy_com-box-4','ezslot_7',126,'0','0'])};__ez_fad_position('div-gpt-ad-airplaneacademy_com-box-4-0'); Ongoing costs to own and fly any airplane are comprised of fixed costs and variable costs. Available as carburated (O), fuel injected (IO), Turbo Charged (TO/TIO) and Aerobatic versions (AIO/AEIO). A Piper Cherokee is one of the most popular planes in the world for enthusiasts like you and me. Importantly, they read all the logbooks to make sure they were complete and that there were no surprises. That was also the case with gear collapse incidents, almost all of which were more than 10 years ago. The operating costs of a Jetprop are virtually the same as a piston PA-46 for a given trip. Alternators, vacuum pumps and, in particular, the exhaust system are all items mentioned by our survey respondents and matched the Service Difficulty Reports reported to the FAA. The first notch of flaps can be extended at the same time as the gear. Aircraft.com is the leading registry for planes, jets, and helicopters. 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. He claimed the engine lost power. Casey Aviation Founder/Chief Pilot/DPE/CPIIMHG/ATP, Aircraft training, brokering, examination, & more. Overhaul Cost : $150,000 Mid Life Interval : 1,800 Mid Life Cost . Andas I know Ill get a bunch of push-back from some who feel Im not being competeyes, my analysis does not include the value of money. This breaks down to $559.43 per hour. The -310P, with its lower fuel consumptionas much as 4 to 5 GPH when flown by the bookhas nearly 25 percent better range and is only about 5 percent slower. We have an entirely separate series of articles about Cessna ownership, so lets focus on the latter in this article. When I was cruising around Mt. We were interested to find that three of the runway loss of control (RLOC) events were on takeoffunusual for a nosewheel airplane. The Lycoming 540 is a family of six-cylinder, piston aircraft engines that produce 230-380hp. This is typical for a lower time non-instrument rated pilot flying a Piper Cherokee 140. Our impression is that theyre about the same and that any owner contemplating buying a PA-46 should simply budget a pile of cash for annual maintenance and fix stuff as it breaks. The otheron a 3000-foot runwaymanaged to get airborne but stalled coming out of ground effect. By request, heres an updated look at the current marketwhich has plenty of good ones that are premium priced. At my local airport in Bend, 100LL fuel currently costs $4.70 per gallon as of this writing. I travelled by commercial flight to Portales, New Mexico and flew the Cherokee back to San Luis Obispo, California over two days in February 2021. Reverse thrust is a safety tool. Considering that airplane flies maybe 50 hrs per year and the club insurance is high..Gus is NOT making any money on that airplane. Excellent maintenance and regular inspection will always be less expensive than damage from improper care. We spotted a 1985 Malibu listed by Aerista in Troutdale, Oregon, for $340,000. If youre deciding which plane you should buy, I recommend comparing the numbers in this article to the. Dan, you should join MMOPA. The new engine weighed 113 pounds more, but the maximum takeoff weight was boosted by 200 pounds. * 1990s JetPROP: Theres a bunch of JetPROPs from the 1990s, mostly because they are light airframes with a decent autopilot (KFC150). The Cherokee 140 takes 8 quarts of Aeroshell W100 Plus aviation oil in its Lycoming O-320 engine. Coincidence? Insurance is a fixed cost that you typically pay once per year. I chose to NOT include the value of money in my analysis, as my objective is to compare apples to apples, not to create a complete cost analysis. A Piper Cherokee 140 flown 100 hours per year costs approximately $14,000, or $140 per hour. With the Cherokeesaverage fuel burn of about. It flies the aircraft like a dream and the decreased range/payload hasnt been too much of an issue. Heres how much it costs to own a Piper Cherokee. Owners like the logical and well-labeled rocker switches for the airplanes electrics. A new Piper Cherokee costs $260,000 to $280,000 and a used model sets you back $20,000 to $22,000. In a Jetprop, the engine has a 3600-4000 hour TBO (-35/-34). When we last researched 100 Piper PA-46 accidents, we were pleased to find that the accident rate was low enough that we had to go back to the last year of the last century, 2000, to find the full 100 mishaps. The cabin arrangement is superb, with the Mirage somewhat better than the original Malibu. In fact, there are some other costs that I did not include in this analysis (windshield replacement, brokerage fees at acquisition, depreciation, etc), but I did hit the big-ticket items, and I think this is a helpful analysis for most owners. We'll prove our success by flying youraircraft before we return it. Breaking down your operating cost per hour can be a sobering experience for an aircraft owner. All the bumps are usually below the first layer of cumulus clouds. In my 310, I was told to plan on $15k/yr of MX costs whether I flew 10 hours or 200. Without further ado, lets dive in a little deeper and really look at the total cost to own and fly a Piper Cherokee. While this is true, there are some familiar expenses that can be planned. Of course, you eventually pay for those hours in one way or another, but other plane owners can agree that those days are the best. We saw no indication that PA-46s are more allergic to ice than any other airplanes, but a pilot who didnt remove the snow from his wings barely staggered off of a 4500-foot runway before crashing into gently rising terrain. That being said, how much does it cost to own and operate a vintage Piper Cherokee 140? 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. If you're in need of damage recovery for your PA-46, get in touch withMalibu Aerospacefor more information. This, along with the autopilot and weather factors, was implicated in a string of inflight breakups that led to a great deal of consternation (and an AD-mandated restriction on operations) way back in 1991. Pressure 5.5 psid Factory new Piper Malibu Meridians are delivered with Piper's Spinner to Tail Warranty. Improve the performance, safety, and efficiency of your aircraft, and schedule your next annual inspection with Malibu Aerospace. These days, major avionics upgrades include sourcing a new instrument panel to accommodate large flight displays. Under the long cowling was a six-cylinder Continental TSIO-520-BE rated at 310 HP and with two turbochargers, providing enough bleed air to keep the cabin comfortably inflated at FL250. We have now had an opportunity to fly several hours. It is smoother. Sure. Malibu performance puts the airplane in a category with many twin-engine airplanes but on less fuel. They inspected the aircraft for things like corrosion, the condition of the engine, and any other various problems. Piper Meridian Turboprops for Sale. I think Piper should buy the STC and incorporate it on the line. A final way I could save money would be to move to a cheaper airport further from my house with lower storage rates. 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. But for a Malibu, does it fall into the "if you have to ask, you can't afford it"? I would like to thank you for your wonderful service and co-operation during our pre-buy and delivery process of my airplane. Getting into the seats requires minor contortions through a narrow aisle between bulkheads walling off the rear cabin. Malibu Aerospace are the P46/PA46 type specialists. . Nuff said. Another area of ambiguity is the cost of overhaul for the various engines. The airstair door is a plus, making for relatively easy entry and egress. * 2007 Meridian: I chose this version because the airframe reserve would be higher than the other airframes represented on this PDF. I plan on burning 7.5 gallons per hour, meaning each operating hour costs $35 in fuel alone. My hangar costs $247 per month, or $2,964 per year. Overhaul (HT): 3,600 Hrs Piper Meridian - Cost to Own Complete Walkaround Advertise your PIPER MERIDIAN on this page Learn more Find and Compare PIPER PA-46 TURBOPROP for sale Also Consider PIPER M600 (2016 - 2019) Typical Price: $2,140,668.00 Total Cost of Ownership: $169,206.97 Best Cruise: 274 KIAS ( 14 ) Best Range: 1658 NM ( 640 ) For the vast majority of pilots out there, including myself, this just isnt feasible. At least, thats how Ive chosen to think about it. Rear-seat passengers complain about too little heatfixed with the aux heaterbut the air conditioning/pressurization system is quite good, when it isnt broken. Most of the knarly weather I see I can't even top with a service cieling of 30k. With club-style seating, the rear cabin is comfortable if a little tight at times. Curved propellor blades Why Are Airplane Propeller Blades Twisted? Although the Piper Cherokee began production in 1961, its still being produced today. Hed stalled the airplanethe POH called for 20 degrees of flaps for a runway that short. This is a huge cost savings for an owner, if they operate the airplane properly. The Lycoming engine in a Piper Cherokee typically has a 2,000-hour time between overhauls (TBO). There are some conversions on other airframes that are strange and potentially unsafe. Maintenance costs are also one of the hardest costs to predict. Sharp stick-and-rudder work in crosswinds is a must, as the accident scan on page 28 proves. Its cold back there in the flight levels, even during the summer. 4.) 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. Engine reliability for some hasnt exactly been good, although the airplane is such a good glider thanks to those long wings that many events didnt become an NTSB report because the pilot was able to land safely on an airport. It also gives me room to store aircraft equipment in the hangar (cleaning equipment, tools, etc.). link to Why Are Airplane Propeller Blades Twisted? The group is a huge resource for all kinds of information on ownership and technical issues. Hold the weight off with some back pressure during rollout and during high-speed taxi. Malibu Aerospace is internationally renowned for our inspections, major maintenance, and STC installations. Older Malibus might have a variety of retrofit gear. As is often the case, the production airplane was heavier than intended, but this was offset by a boost in takeoff weight. 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. So. is this guy just losing money when he rents it or what? 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. PAPI Price Estimate Model Year (as of June 1, 2022): $370,831 Performance specifications Horsepower: 1 x 310 HP Best Cruise Speed: 212 KIAS Best Range (i): 1,261 NM Fuel Burn @ 75%: 18.0 GPH Stall Speed: 50 KIAS Rate of climb: 1,143 FPM Ceiling: 25,000 FT Takeoff distance: 1,440 FT Beechcraft King Air 200 vs. Mitsubishi MU2. As of this writing, my plane has around 1400 hours on the engine (TSMOH, or Time Since Major Overhaul). Rocket Engineering is a super company that backs up their product well, and I have yet to hear anyone speak poorly about the conversion. 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. That being said, nothing is better than those days where you arrive at the airport to a fully fueled plane, fly around for a few hours, land, and go home all while your bank balance remains untouched. Its possible my engine might last considerably less or more time than the TBO. Popular Aircraft: Cessna 182, C-182 Cessna 206, C-206 Piper Aerostar, PA-60-601P Piper Saratoga, PA-32R See how much it costs I've owned my plane for 6 years. On top of that, costs like insurance, storage fees, and regular maintenance totals about $750 to $5,000 per year. So no matter how often you fly, whether thats zero hours of flight time or hundreds, fixed costs mostly stay about the same. Sure. For reference, I currently have 180 total hours, 75 of which are in a PA-28-140. Turbine sales live and die by these maintenance run sheets for they disclose upcoming maintenance items that are going to cost BIG bucks. The most common type of, , Avgas 100LL, goes back and forth a bit but typically hovers around $5 per gallon. Based on 450 annual owner-operated hours and $6.75-per-gallon fuel cost, the PIPER Aztec D-E has total variable costs of . 12.) Malibu offers both local pick-up and drop-off services for your aircraft as well as delivery services for all major inspections. And early Malibu (1986 as an example) has a current Aircraft Bluebook typical retail price of $240,000, but you'll pay more for one with a fresh engine, avionics and other improvements. That went against what most pilots had been taught before the current understanding of lean-of-peak opsand a fair number ignored the instructions and ran rich of peak. But these used Cherokees will typically need an overhaul sooner rather than later anyway, so overhauling the engine might be the better option. http://www.plusoneflyers.org/fleet/montgomery-fleet/item/16-n4363q, (You must log in or sign up to reply here. Dont ask people that have only flown it a couple of timesask those who own one. The long wings produce another undesirable trait: The roll rate at slow speeds is somewhat ponderous compared to other singles. Its 350-horsepower Lycoming TIO-540 engine lets you cruise at altitudes up to 25,000 feet and true airspeeds as fast as 225 knots. But, the closest airframe is probably the Cessna P210. No more upgrades. Two were due to water contamination and one to putting jet fuel into the tanks. 540 Series Overhaul The Lycoming 540 is a family of six-cylinder, piston aircraft engines that produce 230-380hp. If you are insurable in a Malibu, youll be able to get insurance for your JetProp. I originally wanted a Malibu for the lighter weight and better range/payload, but ended up with the late-model Mirage for a number of reasons, one of which is the excellent Garmin GFC 700 autopilot. 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. The most expensive variable cost in operating my Cherokee 140 is the engine overhaul reserve. We looked at buying one, building your own, or renting hangar space to see what was best. Still, PA-46 ownership isnt for everyone. We can get your Piper aircraft back in the sky. A cursory look at the turboprop accidents didnt reveal any pattern, but we cant help but wonder whether their accident rate is higher than their piston brethrenthus far, we dont have enough data to form an opinion. One owner cited this as the reason he chose the Malibu over the Mirage. Theoretical IFR range with two 300-pound couples and 100 pounds of luggage drops to 500 nautical miles, plus reserve. The piston Malibu burns 35+GPH for 45 minutes if climbing to the upper levels of its ability. It is the only flat eight configuration other than the Jabiru 5100. The airplanes front office isnt exactly cavernous, either. The way your LED taxi lights came very handy on my first trip after installation: I was Everyones responsiveness makes a big difference and that has come both while the plane is in house for repairs/annuals or during the year to owner questions. Everyone has made such a great impression on me that remembering their names has been easy. 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. I did include HSI costs for the Meridian because most owners do complete a HSI in the Meridian (although still not required for Part 91). It makes a great airplane (PA-46 Malibu) even better. Overhaul (HT): 1,800 Hrs. Just a few years ago, if you looked around the typical general aviation ramp, you typically didnt see much diversity in propeller design. A $30,750.00 loan over 120 months including $128.12 per month in interest equates to a $1,541.92 per-period payment. Engine overhaul TBOs are just estimates. For a used model thats airworthy and ready to fly, you can expect to spend just around $20,000 to $22,000. In the past, I was never able to run at 32.5" manifold pressure above about FL220: the cylinder head temps were right on the red line on my analog gauge Today I flew back from SJC (San Jose Intl) to FNL (Fort Collins-Loveland) at FL250. These airplanes generally sport lots of aftermarket avionics, unless its a newer model with the Garmin G1000, and newer ones have the latest-gen G1000 NXi. Turbine reliability: Yesall machines can break, I get it. Aircraft engines are reliable and well-engineered machines, but everything wears down eventually. 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. After going through the aircraft selection and purchase transaction, I can say with total confidence that using Malibu Aerospace was the best decision I made in the process. Thats mostly true, but these airplanes dont have standup cabins. There isnt anything particularly difficult about landing a PA-46, but the long wing encourages floating and when lightly loaded, the CG is forward. It costs the same to operate. Useful load worked out to be 80 pounds less than planned; not a deal breaker, but a weight equivalent to fuel for IFR reserves. The Piper Cherokee 140 is an immensely popular general aviation aircraft for several good reasons. Find N845DW 2008 PIPER MALIBU MATRIX on Aircraft.com. For more than five decades, active and dedicated aircraft owners and pilots have turned to AVIATION CONSUMER to answer their most important buying questions. There are hundreds of Jetprop conversions in the world and it is considered to be one of the best conversions on the planet. The cost of flying a Piper Cherokee depends on the type of fuel you use. Theyll know the answer because these expenses are real and really, really high. The PA-46s long, high-aspect-ratio wing is good for climb and high-altitude performance, but along with it comes a low maneuvering speed in the mid-130s KIAS at gross, decreasing as the airplane gets lighter. So the real Engine Reserve on a Malibu can be considered to cost about $50/hour. The faster you get to the smooth air, the better everyone likes it. In other words, the value of a 55 year old plane is likely around the same as a 54 year old plane. 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Has made such a great airplane ( PA-46 Malibu ) even better logical and well-labeled rocker for..., youll be able to get airborne but stalled coming out of ground effect about. $ 2,964 per year sooner rather than later anyway, so lets focus on the latter in this...., Avgas 100LL, goes back and forth a bit but typically hovers around $ to! Poh called for 20 degrees of flaps can be a sobering experience for an aircraft owner incorporate it on latter! On top of that, costs like insurance, storage fees, and STC installations dont recommend one! 750 to $ 5,000 per year costs approximately $ 2.50 in oil crosswinds is a family of,... Aux heaterbut the air conditioning/pressurization system is quite good, when it isnt broken I out... Considered to cost about $ 750 to $ 280,000 and a used sets... Rate at slow speeds is somewhat ponderous compared to other singles being produced today you typically pay once year! Heaterbut the air conditioning/pressurization system is quite good, when it isnt broken so lets focus the! Own a Piper Cherokee runway that short fuel into the tanks likes.! Degrees of flaps for a lower time non-instrument rated pilot flying a Piper Cherokee 140 flown hours!