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| Name | The Real Cost Of Owning An Embraer Praetor 600 |
| Video Uploader | Video From Aviation Base |
| Upload Date | This Video Uploaded At 30-01-2023 14:00:36 |
| Video Discription | The Real Cost Of Owning An Embraer Praetor 600 Private Jet 0:00 - Intro This is the Embraer Praetor 600, one of the world’s most disruptive and technologically advanced super-midsize business jets: in addition to a nonstop best-in-class range of 4,018 nautical miles at long-range cruise speed and unprecedented technology for access to challenging airports, Embraer also brings to business aviation the world's first synthetic vision guidance system instrument approaches. Today we’re going to tell you everything you need to know about the real cost of owning the Embraer Praetor 600. 0:53 - Purchase and Charter Price The base purchase price is $21 million before options, and the charter price is estimated at $6,000 to $10,000 per hour. Naturally, prices will vary depending on availability, fuel prices, ground fees, and more. 1:09 - Operating Costs There are two expense categories to consider: fixed costs and variable costs. 1:14 - Fixed Costs Fixed costs are those that you pay no matter what. Whether the aircraft flies or not has no effect on fixed costs. These costs do not change in relation to the number of hours the aircraft flies. There are five criteria that have been identified as the biggest contributors to the annual fixed cost of operation. 1:35 - Crew Salary In terms of fixed costs, the crew salary is a significant one. Whether the aircraft is flying or not, the crew will need to be paid their salaries. This is a cost that will vary depending on region and aircraft type. For example, the cost of labor in certain parts of the world is lower than in others. Additionally, larger aircraft require more crew. 2:04 - Crew Training This is a cost that will keep on occurring every year, whether your aircraft flies or not. Having well-trained crew members is important. Again, they are integral to the safe and efficient operation of your aircraft. 2:25 - Hangar When it comes to aircraft storage there are two options – hangar or tie down. In most cases, owners are not going to let their planes sit out in the wind and rain. Therefore, it is a safe assumption that most private aircraft will be stored in hangars when not in use. 2:49 - Insurance There are two types of insurance that private planes must have. The first is liability insurance, which provides cover against loss, damage, or injury to third parties, such as passengers, cargo, and baggage. The second is Hull Insurance, which is agreed on the value of the aircraft. Therefore, in the event of a total loss, insurers will pay the agreed value as opposed to the current market value. 4:05 - Management An aircraft management team provides all the necessary services required to fly the aircraft. For example, sourcing and managing pilots to make sure the aircraft is airworthy, are all tasks provided by your aircraft management company. 4:45 - Total Fixed Cost 4:55 - Variable Costs Variable costs, on the other hand, are directly proportional to the number of hours the aircraft flies per year: the more you fly the aircraft, the more it will cost you. Because of this, the estimated variable cost is presented as an hourly figure, which is how much extra the aircraft will cost you per flight hour. There are four factors that we have built into the hourly variable cost figure. 5:20 - Fuel Fuel costs are a significant hourly expense when operating a private plane. Of course, the amount of fuel that the aircraft burns per hour will vary greatly depending on its average hourly consumption. Of course, depending on location, fuel prices vary dramatically. 5:53 - Maintenance In order to ensure that aircraft are safe to fly they require maintenance at regular intervals. These intervals are scheduled and dependent on the manufacturer's guidelines. Maintenance is scheduled based on the number of hours flown. 6:43 - Engine Overhaul An engine overhaul is a more serious scheduled event that is essentially the maintenance and inspection of the engine. Again, much like maintenance of the airframe, the more an engine is used, the more wear and tear it will experience. Therefore, the more hours flown the more often an engine overhaul will need to be performed. 7:11 - Crew, Landing, and Handling Fees Crew fees are those that you need to pay the crew during an extended stay. Secondly, when landing at an airport, aircraft are charged a landing fee, which is usually based on the weight of the aircraft. And finally, handling fees go hand in hand with landing fees. 8:18 - Total Variable Cost 8:30 - Outro Aviation Base is your favorite source for your daily dose of aviation videos: private jet reviews, as well as private jet interior, both cabin, and cockpit, along with turboprops, commercial planes, and helicopters. We also make videos about private jet charter, private jet price, and private jet cost. Subscribe so you don't miss any videos from us! [yBoA9NM-070] |
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