Average Private Plane CostPrivate average aircraft cost
How would your fortune be to own a private plane? Nearly all "private" aircraft are owned by companies, not by individuals of wealth, and their use (and ownership) is warranted by cool and harsh cost-benefit analysis carried out by company run plainfoot meters when it is a commercial instrument and not just a lost-wax vanity venture for the chief executive officer or the like.
That'?s not to say there is no such thing as a vain possession. However, in each of these cases it does reflect a choice made from the stomach and from passions or other emotions, not from computations that make business sense. So if you are an individuum of, say, considerable riches, who wants to be able to go to any part of the globe at the push of a button, for whom the cost is not a problem AND for whom the seal of approval, the reputation, the possession of your own private plane, is valuable anything it cost, then toss your cash into this bunny-holes.
Otherwise, you will find that as a individual with such assets you certainly have bookkeepers, attorneys and economic consultants who will be happy to help you determine whether such a sale makes financially sense for you if you take into account all the elements that are specific to your circumstances and needs, rather than rely on a web-based, consultative, fist oriented "Minimum Net Worth" computation that makes very little sense to me in any case.
It is your own money supply and the need (and ability) to sustain it that should decide whether it makes business or pleasure for you (or your company) to own a private plane, considering its impact on your production, etc. The net value is an delusion.
What does it cost to get a pilot's license?
Expenses associated with the purchase of a pilots licence depend on the nature of the licence, the number of lessons and other considerations. Pupils can purchase a base pilots licence by choosing between three different kinds of licences: private, leisure and sports. With a private licence, a private licensed pilots can operate any kind of aeroplane without limitations of range, passengers or time.
Leisure pilots licences allow the pilots to travel only within 50 mile of their home airports and with no more than one person on board. Athletic flying licences allow a pilots to operate only lightweight sports planes during the course of the year and in good conditions. The cost of a private licence averages US$9,900, a leisure licence US$7,700 and a sports licence US$4,400, according to the cost accountant of the Aircraft Owners and Pilots Association.
For each type of pilots licence a different level of qualification is required, which has an impact on the overall cost of purchasing each licence as many flying academies calculate the cost per flying lesson. Private licences require at least 40 flying hrs, leisure licences 30 hrs and sports licences 20 hrs.
Actually, a private licensed private aviator spends an average of 70 hrs, leisure aviators 44 hrs and a sports aviator 33 hrs. Aviation instruction consists of individual and instructional flying, in which an aircraft must be hired, petrol paid and the instructor's period paid. Rentals differ from flying college to flying college, with most rentals being a la cartte.
Hire rates per lesson also vary depending on the kind of plane a driver is training. Pupils of San Jose who purchase private or leisure licences use the latest Cessna 172, which cost $150 per lesson. As a rule, older planes cost less than the hire. Sports licence rentals vary from $120 to $180, which includes airplane hire, fuel and instruction hours.
However, other elements to consider when considering the total cost of obtaining a trial licence are the cost of primary education course material, book and other study material, and any test fee. The cost of a book or study material can range from $200 for home study to more than $500 for the material provided by a flying college.
Others cost anything from a flying earpiece to $200 to $300 and a flying policy that cost about $100. Since obtaining a pilot's licence is such a big expense, college graduates can find a number of grants to cover their expenses. AOPA provides its members with an exhaustive listing of grants and grants to finance the flying academy and provides advice to college and college members on the best way to attract these grants.
Industrial federations, flying colleges and private organisations also provide grants to assist student pilots in obtaining a pilot's licence. Mr. Thompson has a Bachelor of Science degree in journalism from the Scripps School of Journalism at Ohio University.