The hourly charter price is the aircrafts hourly variable cost, along with factoring in fixed costs and broker fees. Given the term overhaul, the event is more serious than a quick visual inspection. Variable costs can be broken down into hourly chunks. Therefore, in the ownership cost example we assume an aircraft management company is involved. . The EMBRAER ERJ-145ER has a 6,288' balanced field length and 3,232' landing distance. The following is a LIVE editable, spreadsheet that you can use to consider operating costs of a personal aircraft. Depending on numerous factors, the average price for a pre-owned EMBRAER ERJ-145ER is $7,995,000.00. This figure is the cost per hour that the aircraft is flown. E175 Price: US$45.7 million (2016) Performance Weights Dimensions Avionics: Honeywell Primus Epic Engine: 2x 2 X General Electrics CF34-8E Turbofan Power: 14,200 pound-force Max Cruise Speed: 480 knots 889 Km/h Approach Speed (Vref): Travel range: 2,200 Nautical Miles 4,074 Kilometers Fuel Economy: 0.65 nautical mile / gallon Therefore, the estimated variable cost for private jets is presented as an hourly figure. The maximum speed of the Phenom 300 is 521 mph, but with slower climb, cruise and descending speeds it is more likely to average 417 mph which would equate to an average cost per mile of . The total annual budget for flying a Embraer Legacy 600 private jet 200 hours per year is approximately $1,365,015 or $2,173,925 for flying 400 hours per year. Gulfstream G650ER over Bombardier Global 7500). This jet can easily support between 78 and 88 passengers. EMBRAER ERJ-145ER Price and Operating Costs Specifications. Economically, I think the CRJ900 is better, but not by much. The E175 is heavier than the CRJ900 but not too much, but far outweighs it in comfort and I believe it can also carry more cargo. For example, a certain aircraft may need an inspection every 100 hours. For example, crew overnight expenses, such as hotels and food, will cost far more in New York City than Wichita, Kansas. Variable costs, on the other hand, are directly proportional to the number of hours the aircraft flies per year. Of course, you want it to be somewhere safe, secure and convenient. This are two essential pieces of insurance for private jets. 2023 Liberty Jet Management All rights reserved. The best example of a variable cost in this case is fuel use. Female Pilots, CFIs, R-ATPs, and International Students. For example, a bird strike or blown tire will introduce an unexpected maintenance check. The seats on an Embraer 175 are 18.5 inches wide. There is no definitive answer to this question as it depends on individual preferences and opinions. Of course, the amount of fuel that the aircraft burns per hour will vary greatly depending on its average hourly consumption, measure in Gallons per Hour (GPH). For example, sourcing and managing pilots to making sure the aircraft is airworthy, are all tasks provided by your aircraft management company. The final value takes into account both fixed and variable costs. 2023 GlobalAir.com. Additionally, note that all values are in USD. Embraer's Phenom 300 costs $1,757.53 per hour. Third parties in this case include passengers, cargo and baggage. Based on 450 hours a year and fuel cost at $4.25 per-gallon, the EMBRAER ERJ-170LR has total variable costs of $1,697,638.50, total fixed costs of $506,932.75, and hypothetical summary cost of $2,204,571.25. Again, the price of handling fees will vary depending on airport and aircraft size. major holidays). (e.g. And, in a major engine overhaul, a complete disassembly and inspection of the engine. Whether the aircraft flies or not has no effect on fixed costs. Crew fees, landing fees, and handling fees are highly dependant on the route taken. These costs do not change in relation to the number of hours the aircraft flies. )In the market to buy, sell or manage a jet you own? Cabin specifications: 0600 cabin high, 0611 cabin wide, and 5401 cabin long. Embraer Country: Brazil Manufactured: 2004 to: Present ICAO: E190 Price: US$51 million Performance Weights Dimensions Avionics: Honeywell Primus Epic EFIS Engine: 2 X General Electric CF34-10E - Power: 18,500 pound-force Max Cruise Speed: 480 knots 889 Km/h Approach Speed (Vref): Travel range: 2,300 Nautical Miles 4,260 Kilometers Fuel Economy: If you are considering purchasing an aircraft, I also encourage you to refer to some of the resources AOPA publishes. The estimated annual fixed cost for operating the Lineage 1000E is $693,181. One of the biggest costs when flying by private jet is fuel. Therefore, in the event of a total loss, insurers will pay the agreed value as opposed to the current market value. These jets are being augmented with system refinements, new wingtips, and improved aerodynamics to make them better suited to use for longer periods of time without using as much fuel. Prices today are around $9,995,000 with 2 currently advertised for sale. Will you be flying at peak times? Therefore, in the ownership cost example we assume an aircraft management company is involved. E175 in detail Share this aircraft Range E170 E175 E190 E195 When owning a private jet there will likely be surprise costs and upgrades that occur throughout your ownership experience. This are two essential pieces of insurance for private jets. Furthermore, back when deliveries of the Embraer Lineage 1000E began, the list price for a new example was $50 million. Again, much like maintenance of the airframe, the more an engine is used, the more wear and tear the engine will experience. If you want to learn more about considering the real costs . Please contact a Jet Advisors for a free consultation and estimate. While exact details will vary from policy to policy, cover is generally not provided for the pilot in command or the actual aircraft. Jump straight to the total cost table of the Embraer Praetor 600. The crew salary is just that the annual salary of your crew members. Variable costs can be broken down into hourly chunks. Flight planning or any other aircraft operations should only be done using official technical information provided In simple terms, there are two types of insurance that private jets must have. All flights are carried out by FAA and DOT or equivalent foreign authority approved aircraft operators. For example, sourcing and managing pilots to making sure the aircraft is airworthy, are all tasks provided by your aircraft management company. Embraer Lineage 1000E Vs Bombardier Global 7500, Jump straight to the total cost table of the Embraer Lineage 1000E, Read this article to learn more about how much private jet fuel costs, Or read this article to see the different fuel burn figures for all private jets. Below you will then see the estimated annual budget for owning and operating the Praetor 600. Aircraft management is an essential component when owning and operating a private jet. An engine overhaul is a scheduled event that is essentially the maintenance and inspection of the engine. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Crew fees, landing fees, and handling fees are highly dependant on the route taken. Hourly Cost Calculator FORMAT: NO Commas In any fields, .01 = 1% How much do you pay for a gallon of aviation fuel? There are two seats in the cockpit for the pilot and the co-pilot, providing great access to systems and controls. Aviation hull war insurance provides cover for loss of the aircraft due to war, hijack, confiscation, malicious damage and other similar risks. However, when configured for the fastest cruise speed, the Praetor 600 can maintain a cruise speed of 466 knots. Use format 'FirstName LastName, Email is invalid. Embraer EMB 170 / 175 / 190 / 195 Airframe Heavy Maintenance Checks C-check events account for 34% of the total MRO events. When on the ground you will need the aircraft to be parked securely, bags unloaded and various ground services. Simply enter the number of hours per year and receive click Get Annual Budget. However, a general rule of thumb is that the larger the aircraft, the greater the hourly fuel consumption. Of course, there is the option of so called self-management. 'N419YX' American Eagle Embraer ERJ-175LR, KLM Cityhopper Embraer ERJ-175-200STD 'PH-EXG'. Aircraft management is an essential component when owning and operating a private jet. For example, a certain aircraft may need an inspection every 100 hours. Keeping aircraft type ratings valid and ensuring that crew members maintain their high standards is key. Are your plans likely to change or cancel within 12 hours of departure? EMBRAER ERJ-145ER: Flying 450 Hours per Year: Owner-operated hours: 450: The plane has a phenominal range of over 2000 miles, so any weight penalties shouldn't affect the aircraft's performance as long as it is within 1000 #s of original specs. Click here to view the new aircraft brochure for the Embraer Embraer E-175. Every Type of Private Jet - Which One is Best? Everything You Need to Know About Renting a Private Jet. The average hourly rental rate of the Embraer ERJ 175 is Do you wish to upgrade/downgrade your aircraft based on need? They did have some issues w/ the Fly-By-Wire system, and the ailerons are now hydraulically controlled. It has a total baggage capacity of 325.00 ft^3; 325.00 ft^3 being internal and 00.00 ft^3 being external. Therefore, it is hard to given an accurate figure. Compare up to 3 aircraft with this option. Ultimately, it is up to the individual to decide whether or not they believe the Embraer 175 is a good plane. The miscellaneous fixed costs are made up of everything that doesnt fit into the above categories. How many private jet flights have you taken? Liberty Jet can save you thousands each year. When it comes to fixed costs, there are six criteria that have been identified as the biggest contributors to the annual cost of operation. Embraer is the world leader in manufacturing commercial jets with up to 130 seats. The best example of a variable cost in this case is fuel use. The maximum speed of the Embraer Legacy 600 is 524 mph, but with slower climb, cruise and descending speeds it is more likely to average 419 mph which would equate to an average cost per . 01 / 02 The average hourly rental rate of the Embraer ERJ 175 is around 14,850 USD per hour. Of course, this hourly variable cost is different to that of the estimated hourly charter price. It is not as large as a 747, but it is still significantly bigger than a small private jet. The Business Warrior Setting a new level in performance and economics Designed for short to mid-range flights, the Embraer 175 features a flexible seat configuration so you can match capacity to market demand. EMBRAER EMB-135KL (ERJ 140LR) (1997 - 2003) . Maximal total range: 1,180 NM / 1,358 SM Cruise speed: 430 knots / 495 MPH Average price: Number of passengers: 50 people. However, owners may also wish to consider aviation hull war insurance and crew insurance. 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