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00:00:00 – 00:08:30
The video delves into the features, costs, and management intricacies of the Cirrus Vision Jet G2 Plus, highlighting its advanced technology and safety features, such as Garmin’s auto land system and an airframe parachute. The jet comes with a base price of around $3 million and hourly charter costs ranging between $2,500 and $3,000. Discussing the financial aspects, the video breaks down both fixed and variable costs. Key fixed costs include crew salaries ($100,000-$130,000), crew training ($5,000-$8,000), hangar fees ($11,000-$15,000), and various insurances, with total annual ownership costs estimated between $153,000 and $200,000.
Insurance categories include Hull War Insurance and crew insurance, with overall insurance costs estimated at $12,000 to $17,000. Aircraft management, covering pilot sourcing and airworthiness maintenance, generally costs $25,000 to $30,000 annually, with self-management being rare. Variable costs, which depend on flight hours, involve fuel ($420-$480 per hour) and scheduled maintenance. Additional operational costs include crew fees, landing fees, and handling fees, cumulating in an estimated hourly operating cost of $850 to $1020. The video underscores the importance of regular and unexpected maintenance, such as engine overhauls and addressing issues like bird strikes or blown tires.
00:00:00
In this part of the video, the features and costs associated with the Cirrus Vision Jet G2 Plus are discussed. This jet is notable for its optimized engine performance, in-flight Wi-Fi, Garmin’s auto land system, and comprehensive safety features, including an airframe parachute and auto land mechanisms. The base purchase price is $3 million, with an estimated charter cost of $2,500 to $3,000 per hour. Operating costs are divided into fixed and variable categories. Key fixed cost contributors include crew salaries (estimated at $100,000 to $130,000), crew training ($5,000 to $8,000), hangar fees ($11,000 to $15,000), and insurance, which covers both liability and hull insurance.
00:03:00
In this part of the video, various aviation insurances and management considerations for private planes are discussed. Key types of insurance highlighted include Hull War Insurance, which covers losses due to war, hijack, and other risks, and crew insurance, which provides benefits like loss of license cover and travel insurance for pilots and crew. The estimated cost for such insurance ranges from $12,000 to $17,000.
Additionally, aircraft management is crucial, with management companies providing services such as sourcing and managing pilots and ensuring airworthiness. While self-management is an option, it is rarely chosen. Management costs range from $25,000 to $30,000.
Total annual ownership costs for the Vision Jet G2 Plus are estimated to be between $153,000 and $200,000. Variable costs, which are dependent on flight hours, include fuel and maintenance. Fuel costs, varying by location and aircraft consumption, are estimated at $420 to $480 per hour, given the Vision Jet G2 burns about 60 gallons per hour. Maintenance is scheduled based on the number of hours flown, following manufacturer guidelines.
00:06:00
In this part of the video, the discussion focuses on different aspects of aircraft maintenance and operation costs. Key points include the necessity for regular inspections based on flight hours, with more frequent maintenance required the more an aircraft is flown. Unexpected maintenance events, such as bird strikes or blown tires, are also considered. Engine overhauls are significant scheduled maintenance events necessitated by engine wear and tear, with costs increasing with flight hours. Additionally, crew fees, landing fees based on aircraft weight, and handling fees are outlined, with the total hourly operating cost for the Vision Jet G2 Plus estimated at $850 to $1020.