Beechcraft Baron 58 Official Unofficial Owner Survey

Transcription

1 Beechcraft Baron 58 Official Unofficial Owner Survey Information Compiled May 2016 Survey Conducted by Zack Sicher 1

2 I. Introduction A survey was completed May 2016 by members of the Beechcraft Owners and Pilots Group known as Beechtalk ( While this survey is not affiliated with Beechtalk, the responses by its members were vital and greatly appreciated. Fifty Baron 58 owners graciously submitted anonymous answers to the following twenty-two survey questions: 1. What model Baron do you own or operate? 2. What year did you purchase your aircraft? 3. In what year was your plane manufactured? 4. What is the approximate total time on the airframe? 5. How many hours per year do you typically fly? 6. Do you typically run your engine lean of peak EGT or rich of peak EGT in cruise? 7. What is the typical fuel burin in GPH during cruise flight? 8. What is your average true airspeed in cruise flight? 9. What is your typical cruise altitude for normal flights? 10. What distance is your typical flight segment? 11. What is the average cost of an annual inspection? 12. t counting the annual inspection, how much do you spend on maintenance? 13. Do you perform any of your own maintenance? 14. What was the purchase price of your Baron? 15. How much is your annual insurance premium? 16. How much is your monthly hangar rent? 17. Do you budget engine and prop overhaul costs? 18. What is your current engine time? 19. DO you have ice protection? 20. Do you meet the 2020 ADSB mandate? 21. What do you feel your Baron is worth in current condition? 22. Approximately how much have you invested in aircraft improvements since purchase? While this survey was not intended to be statistically perfect or encompass all potential ownership questions, it certainly can be used to inform potential buyers or as a comparison for existing owners. II. Survey tes B58 Differences The Baron 58 survey was unique compared to the Baron 55 and Baron 58P due to the changes over the years and how each effect the 58 market. To keep this survey as simple as possible, on questions where these differences are impactful, the Baron 58 was broken down by pre 1984, and G58. In some cases, these differences do not effect survey data and therefore, they were analyzed as one plane. 2

3 Fuel Burn Owners were asked if they fly their plane lean of peak EGT (LOP) or rich of peak EGT (ROP). For simplicity sake, all fuel burn data was not separated based on the type of fuel management style used. The averages used to calculate operating costs consist of both LOP and ROP fuel numbers. Those who operate ROP will see slightly higher fuel costs then shown and those who operate LOP will see lower fuel costs. Maintenance Costs A portion of owners perform some measure of maintenance on their plane. This ranged from simply completing oil changes to Owner/A&P s performing full annuals on their aircraft. Again, to keep this survey and the analysis simple, maintenance cost averages were not adjusted by the amount of owner completed service performed. Those who perform no owner maintenance will see slightly elevated costs while those who do extensive work on their plane will see reduced costs. Since there were limited responses consisting of individuals doing 100% of their own maintenance, this data should still be accurate. Hanger Costs Some responses included costs that fell outside of the normal data set. These include aircraft owners who also own a hanger or owners that do not pay for hanger usage. To preserve the real average, these responses were removed. Insurance Costs As noted above, the market value of the 58 Baron varies between all three variations. Because a large component of insurance is related to aircraft value, there was naturally a swing in premium price specifically between the pre 84 and G58. For the purpose of this exercise, the average premium cost was used across all three variations. Because only five G58 owners participated, the average premium cost is slanted significantly towards the earlier models. Additional Operating Costs There are other operating costs not included in this general survey, some of which may significantly increase overall costs but will vary greatly by owner. Examples of these costs include aircraft financing and taxes. III. Operating Costs Below table outlines typical operating costs based on the results of the survey data. 3

4 Baron 58 Operating Costs Survey Data: Cost to Fly 50 Hrs per Year Cost to Fly 100 Hrs per Year Cost to Fly 150 Hrs per Year Hrs/Year 101 Variable Costs: Variable Costs: Variable Costs: Fuel Burn (GPH)* Percent Who Run LOP Annual Inspection Cost % Who Do Own Mx % of Maintenance Performed Other than Annual Mx Cost Annual Insurance Premium Monthly Hanger Fee** * Includes both LOP and ROP operations ** Owned Hanger Data Removed ***US National Ave 5/1/16 Air Nav: Typical Engine and Prop OH Cost (RAM IO-520-CB) 27.1 Fuel*** $6,306 Fuel*** $12,612 Fuel*** $18,918 60% n-annual Mx $3,490 n-annual Mx $3,490 n-annual Mx $3,490 $6,264 Total Variable Costs: $9,796 Total Variable Costs: $16,102 Total Variable Costs: $22,407 38% 41% Fixed Costs: Fixed Costs: Fixed Costs: $3,490 Annual Inspection $6,264 Annual Inspection $6,264 Annual Inspection $6,264 $4,781 Insurance $4,781 Insurance $4,781 Insurance $4,781 $386 Hanger Fee $4,627 Hanger Fee $4,627 Hanger Fee $4,627 Total Fixed Costs: $15,672 Total Fixed Costs: $15,672 Total Fixed Costs: $15,672 Total per Year w/o OH Reserves $4.65 Total per Year w/ OH Reserves $53,980 TBO 1700 Total Cost per Hour w/o Reserves OH Cost Per Hour Total $63.51 Total Cost per Hour w/ Reserves $25,468 Total per Year w/o OH Reserves $28,643 Total per Year w/ OH Reserves $509 Total Cost per Hour w/o Reserves $573 Total Cost per Hour w/ Reserves $31,773 Total per Year w/o OH Reserves $38,124 Total per Year w/ OH Reserves $318 Total Cost per Hour w/o Reserves $381 Total Cost per Hour w/ Reserves $38,079 $47,605 $254 $317 IV. Model Comparisons The same survey was performed across all Baron models concurrently. Below is data comparing findings across the 58, 58P and all 55 models. 4

5 Total Yearly Cost B58P $30,111 $37,429 $44,748 B58 $25,468 $31,773 $38,079 B55 $20,651 $26,312 $31,973 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45, Hours 100 Hours 50 Hours Total Cost Per Hour $650 $600 $550 $ Hours 100 Hours 150 Hours $602 $509 $450 $400 $350 $300 $250 $200 $413 $374 $318 $263 $298 $254 $213 $150 Total Cost Per Hour B55 Total Cost Per Hour B58 Total Cost Per Hour B58P 5

6 $8,000 $7,000 $6,000 Yearly Annual Cost $6,264 $7,289 $5,000 $4,532 $4,000 $3,000 $2,000 B55 B58 B58P Yearly n-annual MX Cost $7,000 $6,553 $6,000 $5,000 $4,000 $3,000 $2,000 $2,885 $3,490 $1,000 B55 B58 B58P Yearly Annual Cost $8,000 $7,289 $7,000 $6,000 $6,264 $5,000 $4,532 $4,000 $3,000 $2,000 B55 B58 B58P 6

7 Fuel Burn (GPH) Average True Airspeed (KTS) B55 B58 B58P 175 B55 B58 B58P Average Purchase Price $1,175,000 $1,050,000 $850,000 $650,000 $450,000 $351,700 $250,000 $50,000 $249,500 $186,962 $140,722 $107,469 B55 B58 Pre 84 B G58 B58P Pre 84 B58P 84 On 7

8 V. Conclusion The goal of this comprehensive survey was to gather relevant real world data and compile in a way that may be beneficial to current Baron owners as well as individuals who are contemplating entering into Baron ownership. While the overall sample size is very small compared to the actual number of Baron owners worldwide, the data enclosed in this report should be accurate overall. It is a fair contention to say that owners who tend to actively participate in organized pilot groups, such as Beechtalk, tend to be more active in aircraft ownership. Therefore, one could assume those that participated in this survey have a better understanding of their individual aircraft data and may choose to maintain and upgrade their plane at a higher standard than the general ownership group. For this reason, the averages in this survey may reflect this style of ownership and consequently may be higher. Regardless, your costs or potential costs will vary depending on age, condition and catch up maintenance unique to that individual aircraft. VI. Survey Data Supplement Baron What model Baron do you own or operate? Percent % 50 58P 0.0% 0 55 (all models) 0.0% 0 2. What year did you purchase? 50 Number Date Text 1 May 24, :54 PM May 24, :42 PM May 23, :35 AM May 22, :23 PM May 20, :57 AM May 20, :26 AM May 19, :18 AM May 19, :46 AM May 19, :44 AM May 19, :13 AM May 18, :00 PM

9 12 May 18, :08 PM May 18, :45 PM May 18, :59 AM May 18, :23 AM May 18, :15 AM May 18, :40 AM May 18, :12 AM May 18, :12 AM May 18, :09 AM May 17, :21 PM May 17, :18 PM May 17, :57 PM May 17, :37 PM May 17, :23 PM May 17, :47 PM May 17, :40 PM May 17, :58 AM May 17, :41 AM May 17, :35 AM May 17, :30 AM May 17, :24 AM May 17, :19 AM May 17, :56 AM May 17, :38 AM May 17, :32 AM May 16, :13 PM May 16, :01 PM May 16, :34 PM May 16, :17 PM May 16, :46 PM May 16, :53 PM May 16, :52 PM May 16, :19 PM May 16, :03 PM May 16, :25 PM May 16, :46 PM May 16, :09 PM May 16, :55 PM May 16, :50 PM

10 3. In what year was it manufactured? (Format: 01/01/XXXX) Percent Date (Format: 01/01/XXXX) 100.0% 48 answered question 48 skipped question 2 Date (Format: 01/01/XXXX) Year Pre G58 5/5/ /1/ /28/ /1/ /1/ Unknown 12/1/ /1/ /1/ /1/ /15/ /18/ /1/ /1/ /1/ /15/ Unknown 1/1/ /1/ /15/ /29/ /2/ /2/ /1/ /1/ /1/ /1/ /1/ /1/ /30/ /17/ /1/ /1/ /1/ /1/ /1/ /1/ /1/ /1/ /6/ /12/ /1/ /15/ /1/ /1/ /1/ /24/

11 1/1/ /1/ /1/ What is the aprx total time on airframe? 50 Number Date Text 1 May 24, :54 PM May 24, :42 PM May 23, :35 AM May 22, :23 PM May 20, :57 AM May 20, :26 AM May 19, :18 AM May 19, :46 AM May 19, :44 AM May 19, :13 AM May 18, :00 PM May 18, :08 PM May 18, :45 PM May 18, :59 AM May 18, :23 AM May 18, :15 AM May 18, :40 AM May 18, :12 AM May 18, :12 AM May 18, :09 AM May 17, :21 PM May 17, :18 PM May 17, :57 PM May 17, :37 PM May 17, :23 PM May 17, :47 PM May 17, :40 PM May 17, :58 AM May 17, :41 AM May 17, :35 AM May 17, :30 AM May 17, :24 AM May 17, :19 AM May 17, :56 AM May 17, :38 AM May 17, :32 AM May 16, :13 PM May 16, :01 PM May 16, :34 PM May 16, :17 PM

12 41 May 16, :46 PM May 16, :53 PM May 16, :52 PM May 16, :19 PM May 16, :03 PM May 16, :25 PM May 16, :46 PM May 16, :09 PM May 16, :55 PM May 16, :50 PM How many hours per year do you typically fly? Percent % % % % % 7 Average Do you typically run your engine lean of peak EGT (LOP) or rich-of-peak EGT (ROP) in cruise flight? Percent LOP 60.0% 30 ROP 40.0% What is the typical fuel burn in GPH during cruise flight? 50 Number Date Text 1 May 24, :54 PM 27 2 May 24, :42 PM 24 3 May 23, :35 AM 28 4 May 22, :23 PM 23 5 May 20, :57 AM 34 6 May 20, :26 AM 24 7 May 19, :18 AM 19 8 May 19, :46 AM 34 9 May 19, :44 AM May 19, :13 AM May 18, :00 PM May 18, :08 PM May 18, :45 PM May 18, :59 AM May 18, :23 AM 35 12

13 16 May 18, :15 AM May 18, :40 AM May 18, :12 AM May 18, :12 AM May 18, :09 AM May 17, :21 PM May 17, :18 PM May 17, :57 PM May 17, :37 PM May 17, :23 PM May 17, :47 PM May 17, :40 PM May 17, :58 AM May 17, :41 AM May 17, :35 AM May 17, :30 AM May 17, :24 AM May 17, :19 AM May 17, :56 AM May 17, :38 AM May 17, :32 AM May 16, :13 PM May 16, :01 PM May 16, :34 PM May 16, :17 PM May 16, :46 PM May 16, :53 PM May 16, :52 PM May 16, :19 PM May 16, :03 PM May 16, :25 PM May 16, :46 PM May 16, :09 PM May 16, :55 PM May 16, :50 PM

14 8. What is your average TAS in cruise flight? 50 Number Date Text 1 May 24, :54 PM May 24, :42 PM May 23, :35 AM May 22, :23 PM May 20, :57 AM May 20, :26 AM May 19, :18 AM May 19, :46 AM May 19, :44 AM May 19, :13 AM May 18, :00 PM May 18, :08 PM May 18, :45 PM May 18, :59 AM May 18, :23 AM May 18, :15 AM May 18, :40 AM May 18, :12 AM May 18, :12 AM May 18, :09 AM May 17, :21 PM May 17, :18 PM May 17, :57 PM May 17, :37 PM May 17, :23 PM May 17, :47 PM May 17, :40 PM May 17, :58 AM May 17, :41 AM May 17, :35 AM May 17, :30 AM May 17, :24 AM May 17, :19 AM May 17, :56 AM May 17, :38 AM May 17, :32 AM May 16, :13 PM May 16, :01 PM May 16, :34 PM May 16, :17 PM May 16, :46 PM May 16, :53 PM May 16, :52 PM May 16, :19 PM May 16, :03 PM May 16, :25 PM May 16, :46 PM May 16, :09 PM

15 49 May 16, :55 PM May 16, :50 PM Which matches your typical cruise altitude for normal flights? (MSL) Percent % % , % 25 12,000 15, % 1 15,000 and up 0.0% What distance is your typical flight segment? (NM) Percent Less than % % % % and Up 2.0% What is the cost of an Annual Inspection on your airplane in an average year? 50 Text Pre G58 $1, $1, $7, $7, $3, $3, $5, $5, $5, $2, $2, $6, $6, $3, $3, $6, $6, $4, $4, $7, $7, $9, $9,

16 $12, $12, $3, $3, $4, $4, $4, $6, $6, $15, $15, $5, $5, $4, $4, $6, $6, $5, $5, $4, $4, $9, $9, $6, $6, $5, $5, $9, $9, $5, $5, $3, $3, $12, $12, $11, $11, $12, $12, $5, $5, $10, $10, $4, $4, $5, $5, $8, $8, $5, $5, $20, $20, $10, $10, $3, $3, $6, $6, $7, $7, $2, $2, $1, $1, $1, $1, $6,264 $5, $8, $6, t counting the Annual Inspection, how much do you spend on maintenance in typical year (engine, airframe and avionics)? 50 Text Pre G58 $ $ $5, $5, $0.00 $0.00 $2, $2, $2, $1, $1, $7, $7, $4, $4,

17 $10, $10, $2, $2, $5, $5, $4, $4, $8, $8, $6, $6, $3, $1, $1, $2, $2, $0.00 $0.00 $2, $2, $6, $6, $5, $5, $3, $3, $2, $2, $ $ $2, $2, $8, $8, $2, $2, $2, $2, $5, $5, $4, $4, $2, $2, $2, $2, $2, $2, $6, $6, $2, $2, $7, $7, $2, $2, $8, $8, $5, $5, $2, $2, $2, $2, $1, $1, $3,490 $3, $3, $5,

18 13. Do you perform any of your own maintenance? If yes, what percentage? 50 Text Percentage Owner Work Pre G58 Yes 50 Yes Yes 20 Yes Yes 99 Yes Yes 50 Yes Yes 5 Yes Yes 20 Yes 10 Yes Yes 75 Yes Yes 95 Yes Yes 20 Yes Yes 5 Yes Yes 25 Yes Yes 10 Yes Yes 80 Yes Yes 15 Yes Yes 5 Yes Yes 95 Yes Yes 10 Yes Yes 95 Yes 18

19 41% Yes Percentage 38% 43% 33% 20% 14. What was the purchase price of your Baron? 48 answered question 48 skipped question 2 Text Pre G58 $390, $390, $135, $135, $55, $55, $325, $325, $189, $189, $215, $150, $150, $237, $237, $189, $189, $285, $285, $80, $80, $720, $720, $95, $95, $1,100, $1,100, $500, $500, $165, $165, $225, $115, $115, $235, $235, $975, $975, $170, $170, $120, $120, $110, $110, $385, $385, $240, $240, $360, $360, $239, $239, $125, $125, $420, $420, $200, $200, $400, $400, $630, $630, $145, $145, $135, $135, $372, $372, $400, $400, $350, $350, $185, $185, $1,250, $1,250, $275, $275, $245, $245,

20 $169, $169, $135, $135, $450, $450, $75, $75, $175, $175, $115, $115, $175, $175, $300,625 $154,296 $385,267 $1,011,250 Purchased Purchased Pre G58 $135, $55, $189, $390, $325, Purchased $150, $237, $285, $95, $1,100, $115, $235, $170, $385, $125, $420, $400, $145, $135, $0.00 $185, $245, $350, $275, $1,250,

21 $169, $135, $75, $450, $175, $140,722 $351,700 $1,175, How much is your annual insurance premium? Text Pre G58 $8, $8, $2, $2, $2, $2, $0.00 $0.00 $3, $3, $3, $5, $5, $4, $4, $5, $5, $2, $2, $4, $4, $4, $4, $12, $12, $10, $10, $2, $2, $4, $3, $3, $7, $7, $2, $2, $2, $2, $4, $4, $4, $4, $4, $4, $6, $6, $3, $3, $3, $3, $12, $12, $10, $10, $8, $8, $6, $6, $6, $6, $5, $5, $2, $2, $3, $3,

22 $15, $15, $6, $6, $4, $4, $2, $2, $4, $4, $2, $2, $3, $3, $2, $2, $6, $6, $4,781 $3,402 $5,673 $10, How much is your monthly hangar rent or tiedown fee? Percent Hanger Fee: 98.0% 49 Tiedown Fee 12.0% 6 Number Date Hanger Fee: Tiedown Fee 1 May 24, :54 PM 2 May 24, :42 PM $ May 23, :35 AM $ May 22, :23 PM 5 May 20, :57 AM $ May 20, :26 AM $ May 19, :18 AM $ May 19, :46 AM $ May 19, :44 AM $ May 19, :13 AM $ May 18, :00 PM $ May 18, :08 PM 13 May 18, :45 PM $ May 18, :59 AM $ May 18, :23 AM $ May 18, :15 AM $ May 18, :40 AM $ May 18, :12 AM $ May 18, :12 AM $ May 18, :09 AM 21 May 17, :21 PM $ May 17, :18 PM $ May 17, :57 PM $ May 17, :37 PM $ May 17, :23 PM $ May 17, :47 PM $ May 17, :40 PM $ May 17, :58 AM $ May 17, :41 AM $ May 17, :35 AM $ May 17, :30 AM $ May 17, :24 AM $ May 17, :19 AM $ May 17, :56 AM $ May 17, :38 AM $ May 17, :32 AM $ May 16, :13 PM 22

23 38 May 16, :01 PM $ May 16, :34 PM $1, May 16, :17 PM $ May 16, :46 PM 42 May 16, :53 PM $ May 16, :52 PM $ May 16, :19 PM $ May 16, :03 PM $ May 16, :25 PM $1, May 16, :46 PM $ May 16, :09 PM 49 May 16, :55 PM $ May 16, :50 PM $ Combined Average 58/58P/55 $386 $ $ Do you budget engine and prop O/H per hour? Percent ne 82.0% 41 Engine only 4.0% 2 Engine and Prop 14.0% Current Engine Time? (Combined average 300Left 800Right= 550) Percent Hours 18.4% Hours 14.3% Hours 24.5% Hours 30.6% % 6 answered question 49 skipped question Ice Protection? Percent ne 6.0% 3 Prop Only 14.0% 7 De-Ice 36.0% 18 FIKI 44.0% 22 23

24 20. Do you meet the 2020 ADSB Mandate? Percent Yes 40.8% % 29 answered question 49 skipped question What do you feel your Baron is worth in current condition? 48 answered question 48 skipped question 2 Text Pre G58 $125, $125, $105, $105, $300, $300, $200, $200, $210, $180, $180, $425, $425, $325, $325, $170, $170, $650, $650, $200, $200, $1,000, $1,000, $250, $130, $130, $235, $235, $1,000, $1,000, $170, $170, $85, $85, $70, $70, $400, $400, $300, $300, $360, $360, $189, $189, $125, $125, $380, $380, $140, $140, $400, $400, $500, $500, $170, $170, $150, $150, $375, $375, $430, $430,

25 $350, $350, $200, $200, $850, $850, $425, $425, $250, $250, $165, $165, $135, $135, $405, $405, $120, $120, $300, $300, $140, $140, $280, $280, $303,841 $173,360 $390,385 $875, Aprx amount of money "Invested" in aircraft improvements since purchase? 43 answered question 43 skipped question 7 Text Pre G58 $45, $45, $20, $20, $20, $20, $160, $160, $15, $15, $3, $15, $15, $200, $200, $35, $35, $100, $100, $0.00 $0.00 $150, $150, $0.00 $0.00 $30, $30, $140, $140, $150, $30, $30, $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10, $10, $200, $200, $30, $30, $110, $110, $50, $50, $50, $50, $30, $30, $ $ $40, $40, $20, $20, $39, $39, $25, $25,

26 $35, $35, $10, $10, $75, $75, $100, $100, $40, $40, $0.00 $0.00 $200, $200, $100, $100, $35, $35, $30, $30, $55,795 $54,318 $71,050 $0 -END 26