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I created the attached spreadsheet. This is a generic template that captures what I consider the major costs of owning an aircraft, tailored to a P337 (particulary the upgrades sheet). Doubters scoff, plug in your own numbers, and revel in insecurity!
The bottom line, A/C’s cost money, lots of it (though it depends on how well you treat them). One can justify a P337 net operating costs of $0/hour (using a crafty tax accountant and attorney) or $250/hr in a vacuum and funding everything out of pocket.
Real aircraft operating costs depend on too many variables to serve up a one-size-fits-all answer. And the post that writes about intangible benefits of having a business machine which facilitates families being together at night should not be underestimated.
Having a capable business asset that delivers extraordinary value beyond what the competition can deliver, and being unconstrained to cost effectively conduct business any time, any place, is what it’s all about.
With the current commercial aviation climate, anyone having the flexibility of General Aviation should easily be able to justify a personal GA aircraft.
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