I am starting a little search for a big company CEO. I currently work for this company but not at all for a pilot position and I would like to introduce the idea of a business plane for this person.
If anybody could provide me some information I would be very grateful. The person travels mostly in north america having offices in Colorado and Quebec and other dispersed everywhere.
I was thinking first of the piaggio because of the operating costs that are really less than the average jet and almost the same speed.
thank you for any info
It is a VLJ (very light jet) which offers very economical operating costs comparable to a turboprop, but provides jet speed (370kts/430mph) and range (1125nm) for its passengers.
Some key factors to consider would be what is the typical range he would use it for? Is it a few long trips, or many short hop flights? The economics of a jet engine come into play during high altitude cruise, so if the majority of the flying is short hops, the Piaggio (turboprop) would probably be more economical.
Many things to consider, good luck!
If you are looking at 400 hours plus per year, great, if not - you may try a fractional outfit like AirSprint - who have Citation XL's, Citation CJ2's and PC-12's along with a Toronto base.
If you go it on your own, it may be wise to hire one of the local firms to operate your aircraft for you, Chartright, Image Air, NovaJet at YYZ for example - you can also sit down with them and get a better idea of what might best suit your needs. If your in Montreal Execaire, Aviation Starlink, Skyservice.
You may also contact a local private owner/operator of their own jet - and find out their experience - one that comes to mind is Centura which operate their Mustang out of Buttonville.
Notwithstanding the above. You're talking a North America Jet. Montreal to Denver is 1600NM. Turboprops are too slow to fly cross country at those distances. Quebec to Colorado in a Mach .80 jet is ~4 hours. In a King Air/PC12 that becomes ~8 Hours. I've flown a Piaggio and while it's a nice airplane it's a range or payload type airplane. Its MMO is only Mach .7, you're not going very far at that speed.
A CJ1 is going to have a range of 1450NM. At 2 Million, It still doesn't have the range You're looking for. A CJ3 will do it with a range of 1800 NM but we're now talking around 4 million. A Hawker 800 will fill the same role as well with a similar purchase price.
Now lets look at operating costs. You're probably going to be in the $350,000/yr range in fixed costs before you've even flown one mile. After that you're looking at ~$2000-3000 per hour of flying. Don't forget the Maintenance. If one of your pilots has a bad day and toasts an engine (or a bird does it) your out another million. Silly little snags that Maintenance cant figure out can also cost a fortune.
These numbers are very rough. The sky's the limit in terms of what you can pay. If money is actually a concern it will ALWAYS be cheaper to fly commercial, even business class. If you run these numbers by him and he doesn't throw you out of the office then a plane may be in his future. A lot of guys have the romantic notion of a personal plane and have no idea about what the costs could be.
Don't get me wrong, Flying outside of the airlines is far and away the greatest way to get anywhere. You just need to have the cash to play the game. I'd heard recently that an Corporate jet owner has to be worth about $75 million before they can jump in the ring. If He's still interested after you tell him all the above then give one of those management companies a call. They would love to talk to anyone who can afford to buy or charter an airplane.
I knew it would not be cheap to fly one of these planes. I just started my tour to get some infos and i think that I could talk to one of the fractional like one of you proposed it seems to be a great idea and i din't think about it at first.
for the follow-up: I waas not lucky (or convincing) enough so the Ceo will not be using a private aircraft in the near future.
crossing my fingers and toes that he could change his mind in a couple of months
thanks for all the help and great information