Years ago in a sleepy college aircraft economics class, we learned the pecking order of items to consider when acquiring an aircraft. The short list included the usual items of damage history, engine time, avionics, operating costs and a variety of other factors making obvious sense. But one aspect of aircraft acquisition we 288
Is That Too Much Airplane For You?
Years ago in a sleepy college aircraft economics class, we learned the pecking order of items to consider when acquiring an aircraft. The short list included the usual items of damage history, engine time, avionics, operating costs and a variety of other factors making obvious sense. But one aspect of aircraft acquisition we werent taught is an issue thats gained prominence in the current sales climate: the consequences of buying too much airplane. With used aircraft pricing at an all-time low, its easy to get sucked into a convincing fantasy that the airplane of your dreams is also one fitting your skills, operating budget and mission.
Key Takeaways:
- The article warns against buying "too much airplane" driven by low used aircraft prices, as it often leads to unforeseen and substantial costs beyond the initial purchase price.
- A thorough pre-purchase inspection, including avionics checks, performed by neutral and experienced parties, is crucial to uncover hidden maintenance issues and ensure the aircraft's true condition.
- Prospective buyers must carefully match the aircraft's complexity, performance, and ongoing expenses (maintenance, training, insurance) with their specific mission, pilot skill level, and realistic operating budget.
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