Aircraft Acquisition Cost Flight Training Cost Jannie Loutzis Loutzavia Flight Centre

What does it take to keep an aircraft in the air? 2

MONEY 3

Aircraft Acquisition Costs 1)The Type of Aircraft; 2)How much money can we invest; 4

Type of Aircraft 1)How often will I fly? 2)Four or Six Seats? 3)Multi or Single Engine? 5

How much will it cost? Financing becoming more difficult; 10 – 15% deposits increased to % deposits in one or two years; Evolved into a lengthy process; 6

How much will it cost? New C172 $ R New Baron 58 $ R How can costs be reduced? 7

How to reduce cost: Fractional Ownership/Partnerships Aircraft availability – who flies when? Disagreements on Maintenance Costs; Complexities in Selling or Upgrading the aircraft; Finances and management much more complex; 8

How to reduce cost: Rent Aircraft to Schools or Clubs Cannot control who flies the aircraft and where it flies too; May require more maintenance due to Training exercises; Insurances cost more due to higher accident risk; Aircraft not readily available when owner wants to fly; 9

How to reduce cost: Non Type Certified Aircraft C182 $ Ravin 500 $ Night and IF Certification; Commercial Operation Certification; Finance approval and Resale Value; Safety and Reliability 10

How to reduce cost: Buy a used Aircraft 2012 C182$ C182 $ C182$ Are used aircraft safe? Year Model/Total Time/Condition; Previous Accidents or Incidents; Storage History; Overhaul History; Previous Owners and Utilization; Availability and Cost of Spare Parts; Pre Purchase Inspection CRUCIAL!! Test Flight CRUCIAL!! 11

How to reduce cost: Summary Fractional Ownership; Renting to Schools, Clubs or Charter Companies; Non Type Certified Aircraft; Used Aircraft; The choices you make will affect operating costs like insurance, hangarage and routine maintenance costs in future! 12

Flight Training Costs South Africa PPL R ($ 9 800) CPL R ($ ) Single Engine CPL R ($ ) Multi Engine PPL CPL USA$ 8500$ UK$ $ Aus$ $

Flight Training Costs South Africa 5 Years Ago PPL R ($ 5 800) CPL R ($ ) Single Engine CPL R ($ ) Multi Engine Increase of 33% 14

Flight Training Costs Factors affecting costs of Aircraft: Fuel Price –Increase for R 7.00 to R13.00 p liter; Landing Fees and Airport Taxes –FAWB 100% increase since 2007; Maintenance Costs; Exchange Rates; Owning or Renting an Aircraft; 15

Flight Training Costs Other Factors Affecting Training Cost Accommodation; Student Ability; Full Time vs Part Time; Financing Cost; Flight Training Costs vs University Education 16

Flight Training Costs How to reduce costs: Incorporating Simulators; Cessna 162 Skycatcher; Computer based education; Human Resources; NB!! Cost cutting may never reduce standards! Flying is a Privilege; Training cost can never be compared to the cost of a human life! 17