If you want to learn more about considering the real costs of aircraft ownership and operation, click Beyond the Purchase Price of an Aircraft Considering and Calculating the Real Cost of Aircraft Ownership and Operation to see a blog post on the topic. Moreover, maintenance is scheduled based on number of hours flown. Aircraft management is an essential component when owning and operating a private jet. Based on 450 annual owner-operated hours and $7.00-per-gallon fuel cost, the EMBRAER ERJ-145ER has total variable costs of $2,024,784.00, total fixed costs of $193,770.00, and an annual budget of $2,218,554.00. Just How Many CFIs are We Making Lately? Fixed costs are those that you pay no matter what. Cabin specifications: 0607 cabin high, 0900 cabin wide, and 4910 cabin long. Liberty Jet offers Jet Management, Private Jet Cards and Private Jet Charter services. Crew fees are those that you need to pay the crew during an extended stay. Keeping aircraft type ratings valid and ensuring that crew members maintain their high standards is key. So, therefore, whether you fly the aircraft 50 hours per year or 500 hours, the fixed costs will remain the same. A member of the E-Jet family, the 175 is currently used by 12 different airlines, including Jet Airways, Republic Airlines, Air Canada, Northwest Airlines, and more. Off to the Annual for Charlie. What is Fractional Ownership of a Private Jet? Secondly, when landing at an airport, aircraft are charged a landing fee. Prices today are around $9,995,000 with 2 currently advertised for sale. How much control do you want over the aircraft model? Below you will then see the estimated annual budget for owning and operating the Lineage 1000E. )In the market to buy, sell or manage a jet you own? The company estimates that the HondaJet costs $1,134.90 per hour to operate. The EMBRAER ERJ-145ER, production in 1995 2005, requires a two man crew and can be configured in 50 seats. Additionally, the more hours flown the more often an engine overhaul will need to be performed. Again, much like maintenance of the airframe, the more an engine is used, the more wear and tear the engine will experience. Depending on numerous factors, the average price for a pre-owned EMBRAER ERJ-170LR is $9,950,000.00. And, in a major engine overhaul, a complete disassembly and inspection of the engine. This aircraft only requires 18 minutes to climb, and once at the max speed, can easily travel at 0.82 mach. E175 E190 E195 E-JETS. around 14,850 USD per hour. Some people may find the seats to be comfortable while others may not. (e.g. for Practical Test, Flight Instructor Pay Comparative Calculator for Businesses, Personal Aircraft Operting Cost Calculator, You can also download a Microoft Excel formatted file to work with offline here if you would prefer. Its a reliable option and is currently in service with a number of reputable airlines, making it a wonderful option for all passengers. And finally, handling fees go hand in hand with landing fees. Find out the best way for you to fly by private jet in less than 60 seconds. The total annual budget for flying a Embraer Legacy 600 private jet 200 hours per year is approximately $1,365,015 or $2,173,925 for flying 400 hours per year. They are fully interchangeable and provide a thrust-to-weight ratio of 5.41, as well as a maximum thrust of 14,200 to the jet. Maximal total range: 2,048 NM / 2,356 SM Cruise speed: 415 knots / 477 MPH Average price: Of course, there are many factors that will affect the total price of your aircraft management fee. Therefore, this is a significant cost as you will be hiring talented and professional crew members. These raise the cruise speed to a peppy 362 mph. Compare up to 3 aircraft with this option. When it comes to fixed costs, there are six criteria that have been identified as the biggest contributors to the annual cost of operation. The standard version of the 175 has a maximum range of 3151 km, the long range has a maximum range of 3521 km, and the advanced range version has a maximum range of 3706 km. Jump straight to the total cost table of the Embraer Praetor 600. Whether the aircraft flies or not has no effect on fixed costs. Crew insurance allows pilots and crew members to be provided with an enhanced employee benefit package. These costs do not change in relation to the number of hours the aircraft flies. While exact details will vary from policy to policy, cover is generally not provided for the pilot in command or the actual aircraft. Required fields are marked *. However, a general rule of thumb is that the larger the aircraft, the greater the hourly fuel consumption. Maximum luggage capacity of 500.00 ft^3; 1N/A ft^3 being internal and 4N/A ft^3 being external. For example, if you were to regularly fly out of La Guardia airport, New York, the cost of landing fees would be greater than if you regularly flew from Wichita National Airport. Therefore, larger aircraft have greater landing fees than smaller aircraft. Aircraft Size Cabin Size Aircraft Seats Average Prices Performance Specifications Popular Regional Airliners There are more than 150 of these jets in operation today. See below for a table of the estimated hourly variable costs when operating the Embraer Lineage 1000E. When it comes to fixed costs, there are six criteria that have been identified as the biggest contributors to the annual cost of operation. Additionally, crew fees are highly dependant on the length of stay and the location. Variable costs, on the other hand, are directly proportional to the number of hours the aircraft flies per year. The ERJ 175 has a longer range than the ERJ 170 and can seat up to 78 passengers. The aircraft is used by major airlines around the world, including American Airlines, United Airlines, and Delta Air Lines. This breaks down to $5,722.57 per hour. It is our mission to be the go to leaders in the aviation industry. This provides cover against loss, damage or injury to third parties. For example, crew overnight expenses, such as hotels and food, will cost far more in New York City than Wichita, Kansas. When it comes to operating the Embraer Lineage 1000E, there are two expense categories to consider fixed costs and variable costs. The cabin measures 06'00" high, 06'11" wide, and 54'01" long. Will you be flying at peak times? The design of the cabin improves cargo and baggage capacity. Having well trained crew members is important. Some people may find the Embraer 175 to be an excellent plane while others may not be as impressed. Therefore, flying 500 hours per year will result in variable costs 10 times greater than if you were to fly 50 hours per year. Therefore, the more the aircraft flies, the more maintenance it will require. This breaks down to $4,930.12 per hour. Storage. For example, a certain aircraft may need an inspection every 100 hours. There are two seats in the cockpit for the pilot and the co-pilot, providing great access to systems and controls. Fixed costs are those that you pay no matter what. What is your primary motivation for flying by private jet? The aircraft has a maximum operating altitude of 37,000', a normal cruise speed of 430 KTS/495 MPH, and a 1,359 NM/1,564 SM seats-full range. These values are the cost of fuel, maintenance, engine overhaul, crew, landing & handling fees, along with other various costs. Variable costs, on the other hand, are directly proportional to the number of hours the aircraft flies per year. In order to ensure that aircraft are safe to fly they require maintenance at regular intervals. The hourly charter price is the aircrafts hourly variable cost, along with factoring in fixed costs and broker fees. The length of the cabin is 21.2 m, and the width is 2.74 m. It has a double bubble design to ensure that the seats and the aisle are as wide as possible, and passengers seat four across. Privacy Policy | Cookies Policy | Glossary of Terms. Such as including loss of licence cover, personal accident cover and travel insurance. A recent program was launched to improve the Embraer jets, including the 175. Specifications The low weight of the aircraft provides a surprisingly high-payload capacity. In simple terms, there are two types of insurance that private jets must have. View Embraer Legacy 600 private jets for sale. Name is invalid. Note, since this is a live sheet, if multiple people are attempting to access the file at the the same time, you could end up changing numbers at the same time. This jet can easily support between 78 and 88 passengers. The maximum service ceiling of the jet is 41,000ft, while the maximum range is 1,700nm (3,151km) for STD, 1,900nm (3,521km) for LR and 2,000nm (3,706km) for the AR version. Again, the price of handling fees will vary depending on airport and aircraft size. Of course, there is the option of so called self-management. Therefore, in the ownership cost example we assume an aircraft management company is involved. Oh My! Disclaimer: Information on this site may not be accurate or current and is not valid for flight planning or any other aircraft operations. Please note that the final value is an estimate only. The crew salary is just that the annual salary of your crew members. Hourly Cost Calculator FORMAT: NO Commas In any fields, .01 = 1% How much do you pay for a gallon of aviation fuel? In terms of cost, the Praetor 600 has an estimated hourly charter price of $8,000. Therefore, larger aircraft have greater landing fees than smaller aircraft. RANGE: 1,359 NM / 1,564 SM SPEED: 430 KTS / 495 MPH PRICE: $7,995,000.00 MAX PASSENGERS: 50 people Aircraft Cost Calculator enables users to determine the true operating costs of the hundreds of aircraft and helicopters in our database. This is in part because around 86% of all spare parts of this jet are common to others in the same Embraer family. Again, the price of handling fees will vary depending on airport and aircraft size. When it comes to aircraft storage there are two options hangar or tie down. Therefore, this cost will be slightly adjusted depending on the fuel cost at the FBO. by the manufacturer or FAA. Therefore, the estimated hourly variable rate for operating the Embraer Praetor 600 is $2,491. Of course, there is the option of so called self-management. Keeping aircraft type ratings valid and ensuring that crew members maintain their high standards is key. Again, they are integral to the safe and efficient operation of your aircraft. Different aircraft burn different volumes of fuel per hour. Such as including loss of licence cover, personal accident cover and travel insurance. Therefore, this cost will be slightly adjusted depending on the fuel cost at the FBO. Crew fees are those that you need to pay the crew during an extended stay. However, it is important to note that the plane does have limited storage space, so you may have to check your bag if the overhead bins are full. Storage. Crew fees, landing fees, and handling fees are highly dependant on the route taken. Therefore, in the event of a total loss, insurers will pay the agreed value as opposed to the current market value. For example, a bird strike or blown tire will introduce an unexpected maintenance check. Moreover, maintenance is scheduled based on number of hours flown. E175 Price: US$45.7 million (2016) Performance Weights Dimensions Avionics: Honeywell Primus Epic Engine: 2x 2 X General Electrics CF34-8E Turbofan Power: 14,200 pound-force Max Cruise Speed: 480 knots 889 Km/h Approach Speed (Vref): Travel range: 2,200 Nautical Miles 4,074 Kilometers Fuel Economy: 0.65 nautical mile / gallon Furthermore, back when deliveries of the Embraer Lineage 1000E began, the list price for a new example was $50 million. It is capable of carrying up to 78 passengers and has a range of 2,485 miles. One of the key features of the 175 is that it offers such easy and fast maintenance. Additionally, smaller jets will likely only require one pilot to safely operate the aircraft. The Embraer 175 is considered to be a medium-sized plane. This aircraft is a low-wing, monoplane design that has a conventional tailed body. The salary of crew members is one of the most significant costs of operating an aircraft. Depending on numerous factors, the average price for a pre-owned EMBRAER ERJ-145ER is $7,995,000.00. Orders for the 175 started being made in 2012. This sheet will allow a user to consider fixed and variable costs in relation to how much yearly use the aircraft will receive. It is equipped with state-of-the-art safety features and technology, and it meets all of the latest aviation standards. An aircraft with more space and comfort, redefining the regional jet segment, rewriting the rules. As an Amazon Associate I earn from qualifying purchases. The best example of a variable cost in this case is fuel use. In terms of cost, the Lineage 1000E has an estimated hourly charter price of $11,700. For example, a certain aircraft may need an inspection every 100 hours. How many people do you usually travel with? This program is designed to reduce fuel by 5%, helping cut costs and also save the environment. The final value takes into account both fixed and variable costs. Based on 450 hours a year and fuel cost at $4.25 per-gallon, the EMBRAER ERJ-170LR has total variable costs of $1,697,638.50, total fixed costs of $506,932.75, and hypothetical summary cost of $2,204,571.25. Gulfstream G650ER over Bombardier Global 7500). And finally, handling fees go hand in hand with landing fees. Primarily the difference in cost will depend on the aircraft type, use and region of operation. Therefore, in the event of a total loss, insurers will pay the agreed value as opposed to the current market value. This is where the management tasks are left with your pilot in command. How many private jet flights have you taken? Flying in a Embraer 175 is generally a positive experience. Clearly, the more you fly the aircraft, the more fuel it will use. Based on 450 hours a year and fuel cost at $4.25 per-gallon, the EMBRAER ERJ-170LR has total variable costs of $1,697,638.50, total fixed costs of $506,932.75, and hypothetical summary cost of $2,204,571.25. Furthermore, back when deliveries of the Embraer Praetor 600 began, the list price for a new example was $21 million. E175 in detail Share this aircraft Range E170 E175 E190 E195 Based on 450 annual owner-operated hours and $7.00-per-gallon fuel cost, the EMBRAER ERJ-145ER has total variable costs of $2,024,784.00, total fixed costs of $193,770.00, and an annual budget of $2,218,554.00. The miscellaneous fixed costs are made up of everything that doesnt fit into the above categories. All flights are carried out by FAA and DOT or equivalent foreign authority approved aircraft operators. What is the minimum notice before departure that you require? Therefore, ensuring that your crew members are appropriately certified and skilled is of paramount important. The EMBRAER ERJ-170LR, manufactured from 2001-Present, requires a 2 person crew and can transport up to 50 passengers. One of the biggest costs when flying by private jet is fuel. This is how much extra the aircraft will cost you per flight hour. Deliveries of the Embraer Praetor 600 began in 2019, with deliveries continuing to present day. Both aircraft are used by major airlines around the world. Cost Per Mile; Cost Per Hour; Year of Mfr. Of course, depending on location, fuel prices vary dramatically. The average hourly rental rate of the Embraer ERJ 175 is Here's how it breaks down: Labor costs: $48,186,718.00 total. No matter how well you plan and budget, there will always be some unexpected costs involved. In simple terms, there are two types of insurance that private jets must have. Of course, all these services will come at a price. We use cookies to help you get the best experience when using our website. Other orders came from Trans States Holdings, American Airlines, Republic Airways, SkyWest, and Mauritania Airlines, quickly growing the business of this jet and making it a very common sight in the skies today. Personal Aircraft Operting Cost Calculator. This is because, per hour, charter flights cost more. Copyright 2023 Sandhills Global | Reproduction without expressed written consent is forbidden. Based on 450 hours a year and fuel cost at $4.25 per-gallon, the EMBRAER ERJ-145ER has total variable costs of $1,516,171.50, total fixed costs of $484,395.00, and hypothetical summary cost of $2,000,566.50. Variable costs, on the other hand, are directly proportional to the number of hours the aircraft flies per year. What is the cost per oil change (parts & labor, oil analysis)? How much does it cost to fly: $4,899.05 per hour. Given the term overhaul, the event is more serious than a quick visual inspection. A thrust-to-weight ratio of 5.41, as well as a maximum thrust of 14,200 the... Two man crew and can transport up to 50 passengers account both and! Fuel it will use the aircraft an excellent plane while others may be! 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