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How Much Does It Cost to Own a Pilatus PC-24?

Published in Aircraft Ownership Costs 3 mins read

The cost of owning a Pilatus PC-24 involves several financial components, ranging from the initial purchase price to ongoing operational expenses. These costs can vary significantly based on usage, maintenance, and other factors.

Pilatus PC-24 Ownership Cost Overview

Here’s a breakdown of the typical costs associated with acquiring and operating a Pilatus PC-24:

Cost Category Estimated Range
Acquisition Cost $8,010,000 - $9,790,000
Annual Cost $828,979 - $1,013,197
Fixed Cost $31,034 - $279,304
Variable Cost $2,369 - $2,895 per hour

Detailed Cost Components

Understanding what each cost category entails provides a clearer picture of the financial commitment required for Pilatus PC-24 ownership.

Acquisition Cost

The acquisition cost represents the upfront price tag for purchasing a Pilatus PC-24. This is the initial capital investment required to own the aircraft outright. Based on current market estimates, a new or pre-owned Pilatus PC-24 can range from $8,010,000 to $9,790,000.

Annual Cost

The annual cost encompasses the total estimated expenses to operate the aircraft over a year. This comprehensive figure includes both fixed and variable costs, considering typical operational usage. Owners can expect annual expenditures between $828,979 and $1,013,197.

Fixed Costs

Fixed costs are expenses that remain relatively constant, regardless of how frequently the aircraft is flown. These are mandatory expenditures for maintaining ownership and operational readiness. Examples of typical fixed costs include:

  • Insurance premiums: Coverage for the aircraft, liability, and hull value.
  • Hangar fees: Costs for storing the aircraft in a secure facility.
  • Pilot salaries: If a dedicated pilot or crew is employed.
  • Annual inspections and certifications: Mandatory checks to ensure airworthiness.
  • Management fees: If the aircraft is managed by a professional aviation company.

These costs generally fall within the range of $31,034 to $279,304 per year.

Variable Costs

Variable costs are directly tied to the aircraft's usage and increase with flight hours. These expenses fluctuate based on the amount of flying performed. For the Pilatus PC-24, variable costs are estimated to be $2,369 to $2,895 per hour. Key elements of variable costs typically include:

  • Fuel: A significant component, varying with fuel prices and flight duration.
  • Maintenance: Costs for parts and labor due to wear and tear during flight.
  • Engine reserves: Funds set aside for major engine overhauls or replacements, typically calculated per flight hour.
  • Landing and handling fees: Charges incurred at airports for landing and ground services.
  • Crew travel expenses: Accommodation and per diems for pilots/crew during trips.

Understanding these different cost categories is crucial for any prospective Pilatus PC-24 owner to accurately budget for the lifetime of aircraft ownership.