Another big expense when it comes to owning a Piper Cherokee is hangar fees. The most common variable costs are fuel, oil changes, and engine overhauls. 9.) It will be 4 (King Air) to 50 (Citation) pages of small-print listing maintenance items that are due at certain intervals. Variable costs like fuel and engine overhauls cost about $50 to $55 per hour. . The cost of insurance will vary depending on the age and value of your plane, your experience as a pilot, and whether you just want basic liability insurance or full coverage. Flown 150 hours per year, it costs roughly $17,500, or $117 per hour. 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 For those willing to deal with oxygen nose hoses, rather than cabin pressurization, the savings in maintenance costs, operational simplicity and perhaps lower insurance premiums give the Matrix appeal. The suit was settled after the court failed to certify the class. Piper Meridian Turboprops for Sale. With a more capable bird your fixed costs per year will be much higher. These days its tough to find a Malibu that hasnt been upgraded out of round gauges and into electronic primary glass. I just looked on Controller.com and found 8 Jetprops for less than $750k and all were nice airplanes. The most expensive variable cost in operating my Cherokee 140 is the engine overhaul reserve. Find 1987 PIPER MALIBU with serial number 4908076 on Aircraft.com. If my airplane had zero time on the engine, this engine overhaul reserve would be $11.50 per hour. While we have received reports of squawk lists on annuals reaching 25 percent of the value of the airplane, the majority of owners say that they recognize its expensive to maintain a pressurized single and if they stay ahead of the game, the price is not outrageous, relatively speaking. You decide. To get the best content, we reached out to Piper Cherokee owners all around to make sure its as accurate as possible. Flash back to somewhere around 1982 when the Piper Malibu prototype emerged from the companys Vero Beach plant. I love my Matrixabsolutely fantastic plane. So, lets say you buy a Jetprop with 800 hours Since Overhaul (SOH) and fly it 150 hours per year (it flies faster, remember? The spin-on Champion CH48110-1 oil filter used on the Cherokee costs $30. 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. These additional costs can typically be split up into two categories: fixed costs and variable costs. The Piper Meridian is a single engine turboprop that is typically outiftted with one cabin zone and has a range of 490 nm. While this is significantly higher than the $45 a month for a tie down in Bend, the airplane is largely protected from the rain, wind, and elements which far outweighs the cost for me. The PA-46-310P Malibu seats up to 5 passengers plus 1 pilot. Engine overhaul TBOs are just estimates. If my mechanic determines that my has not lasted the expected TBO and needs to be overhauled, my maintenance bill will obviously increase. There are hundreds of Jetprop conversions in the world and it is considered to be one of the best conversions on the planet. Dont be unrealistic or purchase a plane you cant afford, but dont focus solely on your bank balance when pursuing your aviation dreams. You're a power user moving through this website with super-human speed. Our expertise in the Piper PA-46 aircraft, more than 11,000 hours of flight experience, Advantage Software, and reputation guarantee safe and valuable solutions that are guaranteed to save you time and money. I think Piper should buy the STC and incorporate it on the line. He claimed the engine lost power. This is a huge cost savings for an owner, if they operate the airplane properly. Aircraft.com is the leading registry for planes, jets, and helicopters. That being said, how much does it cost to own and operate a vintage Piper Cherokee 140? It makes a great airplane (PA-46 Malibu) even better. My insurance costs me $80 per month, or $960 per year. I did the 65% 70% and 75% power for an hour each as you suggested. This site is owned and operated by Charlie Gasmire. An annual inspection does need to be accomplished, but there are no 6-year gear inspections (which cost $35k in every King Air), 100-hour inspections (which costs $8k in an MU2), or Phase D Inspections ($250k in a Piaggio!). Which engine do want carrying you up in the flight levels? Fresh Overhaul - Certified Engines / Sun Aviation Piper Service Center. Owning Vs Renting Vs Club: Is It Worth Owning Your Own Plane? Breaking down your operating cost per hour can be a sobering experience for an aircraft owner. It's a pricey and time-consuming effort that many Belvoir Media Group, LLC. But, either piston engine in a Malibu will also require a Top Overhaul at about 1000 hours SMOH, which will cost another $20k. Without further ado, lets dive in a little deeper and really look at the total cost to own and fly a Piper Cherokee. 2008 Piper Malibu Meridian Reg . The long wings produce another undesirable trait: The roll rate at slow speeds is somewhat ponderous compared to other singles. 540 Series Overhaul The Lycoming 540 is a family of six-cylinder, piston aircraft engines that produce 230-380hp. The cooling mod worked wonders for my 08 Matrix. 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. 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. I couldnt have asked for better support from your staff, everyone was so helpful. Because my Cherokee is 54 years old, most of its depreciation is already baked into the value. Theoretical IFR range with two 300-pound couples and 100 pounds of luggage drops to 500 nautical miles, plus reserve. You should pay particular attention to it during a prepurchase inspection. This will typically get you an older model, but saving $250,000+ is well worth it! 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. But, since the world economy is in the toilet right now, Jetprops can be bought a 40% discounts. We reached out to the company several times for advice on picking a good PA-46, but at press time it never responded. $30,236 for Factory Overhaul Service Limit Engine 5 Week Turnaround Reputable Overhaul Shop 1 $28,900 with New Lycoming Cylinders Crank/case Repair Included 7 Week Turnaround Reputable Overhaul Shop 2 $26,397 for Exchange & Overhauled Cylinders Add $2,400 for New Lycoming Cylinders Crank/case Repair Included Round Trip Shipping Included A small T-hangar in Cedar Rapids, Iowa will only cost you $68 per month. Getting into the seats requires minor contortions through a narrow aisle between bulkheads walling off the rear cabin. 7.) Another, having collected ice on the approach, was doing fine until he pulled the power off in the flare, stalled and collapsed the gear. The Lycoming O-235 is a family of four-cylinder, air-cooled, horizontally opposed piston aircraft engines that produce 100 to 135 hp, derived from the earlier O-233 engine. A Our Meridian was returned on March 2nd upon completion of its Annual and the installation of a Garmin GFC 600. But early on, Piper never seemed able to find the right powerplant. Malibu Aerospace is internationally renowned for our inspections, major maintenance, and STC installations. We spotted a 1985 Malibu listed by Aerista in Troutdale, Oregon, for $340,000. You've disabled JavaScript in your web browser. 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! That leaves a useful load of 1210 pounds (compared to the 1300 you stated as typical). Pricing. Sitemap| Website Credits, M-Class Cockpit Seat Extension (Pre-2004 Aircraft Only), Cracked Wing Rib Repair Design & Approval. 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. Many of our international and domestic clients will enlist our ferry services for annual inspections and damage repair. Malibu pilots report cruise speeds of 205 knots TAS at FL220 at 67 percent power and 210 knots true at FL250 at 75 percent. Owners emphasize the value of having a knowledgeable maintenance shop doing routine and ongoing work on the airplane. The plane flew like a charm. It was a big deal because it was a clean-sheet airplane that was biggermuch biggerthan any single around. I've also heard that it doesn't ride turbulence too well due to relatively light wing loading. 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. LED Lights! I did the 65% 70% and 75% power for an hour each as you suggested. That was also the case with gear collapse incidents, almost all of which were more than 10 years ago. We can get your Piper aircraft back in the sky. AirplaneAcademy.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. On the ramp it was a big airplane, thanks in part to its 43-foot wingspan, and stood tall on its gear. Do contact me if I can help decipher the numbers. For many pilots, Pipers PA-46 series, which includes the Malibu, Mirage and Matrix (and current M300 series), could very well be the ultimate step-up piston single. Additional information is available in this. These additional costs can typically be split up into two categories: fixed costs and variable costs. If you pay a mechanic to change your oil, you could expect to approximately double that cost. All of these airplanes should be trading for nearly $1m. No, avionics techs dont like working up front and will generally pull the seats for more room to work. 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. 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. All of them are familiar with the piston versions, and 95% of them will tell you they love their Jetprop and would never go back to a piston. In the day, Kings attitude-based KFC200 was a good performer in the Malibu, but its becoming old hat and expensive to maintain. The perceived reliability of the Mirage got so bad among some owners that a class-action lawsuit was filed in 2000 against New Piper and Lycoming. . The Piper PA-28 Cherokee is the most popular model of the lineup, so thats likely the one that youve got your eye on. Why Are Some Propeller Blades Curved? 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. Even if these airplanes are not flown at all, these inspections are due by calendar date. These inspections can completely break the bank when they come due. PA-46 pilots did demonstrate some difficulties controlling the machine on rollout after landing in crosswindswhich surprised us as the wide-track gear should make for good ground handling. Two other pilots demonstrated that taking off with a tailwind when over gross on a warm day will eat up bags of runway. Recently, I purchased a 2001 Piper Meridian for use in my business. 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. As it came time to rebuild it again, I checked out all options. Between Malibu Aerospace who managed the acquisition of the aircraft, Doug Hiltz and his team performing the pre-buy inspection and annual, and Brad Ludlow for orchestrating a great customer experience, I felt like I ha Malibu Aerospace took a PA46 rookie and made him feel like he had owned the aircraft for years. We'll explore the ins and outs of the sky and how to travel through it. This breaks down to $519.09 per hour. Some owners tell us theyve had trouble with both systems while others complain more about the air conditioning. Overhaul Cost : $150,000 Mid Life Interval : 1,800 Mid Life Cost . Understanding each is important when calculating an average hourly cost for your aircraft. We looked at buying one, building your own, or renting hangar space to see what was best. In fact, a Piper Cherokee is one of the cheapest planes that you can buy and fly. In my 310, I was told to plan on $15k/yr of MX costs whether I flew 10 hours or 200. * 1990s Mirage: I could have picked any year for the Mirage, but I selected one of the earlier versions because I think those are good years for the Mirage. Malibu Aerospace is internationally renowned for our inspections, major maintenance, and STC installations. Aircraft.com is the leading registry for planes, jets, and helicopters. 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. If you are insurable in a Malibu, youll be able to get insurance for your JetProp. I love my M-5 conversion. In 2020 he completed his initial training in California in a Cessna 150, which inspired him to purchase a 1968 Cherokee 140. Nuff said. As the price of fiel changes, this hourly rate will of course change right along with it. Engine overhaul TBOs are just estimates. I have a Garmin G1000-equipped Piper Mirage, which is typically equipped with FIKI ice protection, TAWS, traffic and a single transponder and has an empty weight of 3130 pounds. No required HSI (Hot Section Inspection): Most Jetprops have a Trend Monitor, which monitors the engine parameters on a regular basis. For the most part, the more time you spend in the air with your Piper Cherokee, the more youll have to pay for variable costs. In addition to our annual inspections, we offer: In Piper aircraft, cracked wing ribs can cause fuel to leak through the rivets in the underside of the wing. Faster is always better. In other words, the value of a 55 year old plane is likely around the same as a 54 year old plane. So the real Engine Reserve on a Malibu can be considered to cost about $50/hour. For a used model thats airworthy and ready to fly, you can expect to spend just around $20,000 to $22,000. 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