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Life Cycle Cost

Cost per Hour


John Smith

Make/Model:
Program Length:

8-Nov-12
Type of Operation:
1978

Corporate
Bombardier Learjet 24E

20 Years

Currency:

Variable Cost (Average):


Fuel
Fuel Additives/Lubricants
CO2 Offset Cost
Maintenance Labor
Maintenance Labor - Other
Parts
Parts - Other
Inspections
Engine Restoral
Engine Guaranteed Mx Plan
Parts Guaranteed Mx Plan
Airframe Guaranteed Mx Plan
Avionics Guaranteed Mx Plan
Component Overhaul (All)
Life Limited Components (All)
Other Variable Cost
ATC & Navigation Fees
Landing & Parking Fees
Crew Expenses
Small Supplies

Total Direct Cost per Hour -

20 Year Average:

2,912
21
910
637
247
590
75
87
19
87
40

5,625

Program Data:

with ( 2 ) CJ 610-6
$

Acquisition: Purchase

Exchange Rate:

1 / US$

Fixed Cost (Average):


Salaries
Pilot/Cockpit Crew
Flight Attendants
Maintenance Technicians
Other
Benefits
Hangar
Insurance
Hull
Liability
Miscellaneous
Training Pilot/Maintenance
Management Fee
Annual Use Tax (Lease Only)
Property Tax
Registration Fee
Brokerage Fee
New Int/Paint/Avionics
Modernization
Nav/Weather Services
Comp. Maintenance Service
Refurbishing
Other Fixed Cost
Total Fixed Cost per Hour 20 Year Average:

470
141
75
11
35

58
1
151
18
13
47
1,019

Other Costs (Average):

Inflation - General
Inflation - Parts
Program Length (Years)
Avg Utilization (Hours/Year)
Fuel Cost per Gallon
Maintenance Labor Cost per Hour
Maint. Labor Hours/Flight Hour (Ave)
Block Speed (Kts)
Costs shown exclude all taxes and depreciation

%
%

$
$

3.00
4.00
20
400
6.86
93.00
9.78
438

Finance/Lease Cost
Aircraft Cash Payment/Resale
Final Payment/Loan Payoff
Operations Overhead
Administrative Overhead (G & A)

Total Annual Cost per Hour Total Annual Cost per NM -

20 Year Average:
20 Year Average:

Copyright 2012, Conklin de Decker Associates, Inc. Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

14
-

$
$

6,659
15.19

Life Cycle Cost

Life Cycle Cost Analysis


For:
Aircraft:

John Smith

8-Nov-12

Bombardier Learjet 24E


with ( 2 ) General Electric CJ 610-6

Registration:

N123

Serial Number:

123

Year:

1978

Acquisition:

Purchase

Program length:

20 Years

Currency:

Inflation - Genral:
Inflation - Parts

3% per Year
4% per Year

Type of operation:

Corporate

Base of operation:

Texas

The following state taxes or fees are not included in the analysis but may be applicable.
See the 'State Tax Guide for General Aviation' published by Conklin & de Decker for details.
- Personal Property Tax

- State Sales/Use Tax =

6.25%

Copyright 2012, Conklin and de Decker Associates, Inc. PO Box 1142, Orleans, MA 02653 (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Life Cycle Cost

Executive Summary
For:

John Smith

Aircraft:
Engines:
Year:
Purchase price:

Depreciation:
Acquisition:

Program length:
Type of operation:
Total flight hours:

8-Nov-12

Bombardier Learjet 24E


( 2 ) CJ 610-6
1978
$

265,000

Cash Expenses
Acquisition
Variable Cost
Fixed Cost
Overhead
Finance/Lease Cost

20 Years
Per Hour
3 % Inflation
(265,000)
(45,001,995)
(5,625)
(8,153,106)
-

Straightline

Purchase

20 Years
Corporate
8000 Hours

Income
Charter Revenue
Resale Value - Adjusted
Cash Flow
Pre Tax
After Tax (0 % Tax Rate)
Negative Cash Flow

150,411

(53,269,690)
(53,269,690)
20 Years

(6,659)
(6,659)

Copyright 2012, Conklin and de Decker Associates, Inc. PO Box 1142, Orleans, MA 02653 (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Life Cycle Cost

ANNUAL COST SUMMARY

(Version 12.2.4 Volume II, 2012)

Type of Operation: Corporate

John Smith

Annual Operating Cost Budget

8-Nov-12
4,000,000

1978

Make/Model:

Bombardier Learjet 24E

Program Length:

20

Years

Block Speed:
Program Data:
Avg Hrs/Year
Cycles/Hour
Resale Value
MX Labor Rate
Fuel Cost

438.4 Kts

3,000,000

Purchase

Currency: $
Exchange Rate:
Acquisition Cost - Purchase:
Purchase Price
$
265,000
State Sales Tax/VAT
Training/Spares/Other
Refurb/Modification
Trade-in
Total
$
265,000

11,900
11,900
1978

Insured Value:
Cost/Year

1 / US$

2,500,000
2,000,000
1,500,000
1,000,000
500,000
-

Lease/Finance Payments:
Avg. Finance Cost/Yr
$
Final Payment
Lease Cost/Yr

3.00% /Year
4.00% /Year
Program Total

Inflation - General:
Inflation - Parts
Life Cycle Cost Total:

3,500,000

( 2 ) CJ 610-6

Acquisition:

400
1.00
56 %
93.00 /MH
6.86 /GAL

Airframe Status:
Total Hours
Total Cycles
Year Manufactured:

with

265,000
Cost/Hour

9 10 11 12 13 14 15 16 17 18 19 20
Year

Cost/N. Mi.
Annual Maintenance Cost

Owned Aircraft, Current Value

Total Acquisition Cost

265,000

Total Variable Cost

45,001,995

2,250,100

Total Fixed Cost

8,153,106

407,655

Resale Value (Adjusted)

Total Finance/Lease Cost

Ops + Admin Overhead

2,000,000
1,800,000

5,625

12.83
1,600,000
1,400,000

Total Cost
Annual Budget:
Starting:

Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10

(150,411)

53,269,690
2,251,243
2,132,857
1,868,424
1,950,412
2,010,055
2,113,030
2,255,932
2,255,965
2,344,235
2,422,909

1,200,000

Year 11
Year 12
Year 13
Year 14
Year 15
Year 16
Year 17
Year 18
Year 19
Year 20

2,663,485
$

1,000,000
800,000

6,659
2,550,235
2,604,641
2,824,402
3,478,390
2,931,736
3,676,648
3,164,465
3,270,282
3,502,407
3,546,833

15.19

600,000
400,000
200,000
1

Copyright 2012, Conklin and de Decker Associates, Inc. Orleans, MA 02653 (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

8
Year

10 11 12 13 14 15 16 17 18 19 20

Life Cycle Cost

FINANCIAL ANALYSIS SUMMARY

(Version 12.2.4 Volume II, 2012)

Type of Operation:

John Smith

After Tax Cash Flow From Operations


(Excludes Acquisition Cost of Aircraft)

Corporate
0

Make/Model:

1978

Bombardier Learjet 24E

8-Nov-12

10 11 12 13 14 15 16 17 18 19 20

(500,000)

Program Length:

20 Years

Acquisition:

Purchase
(1,000,000)

Currency:
Financial Information:
Capital Gains Tax:
Corp Tax Rate:
Desired ROI:
Interest Rate:
Inflation - General
Ops Overhead:
Admin Overhead:
Revenue (incl. Fuel Surcharge:
Revenue Hours Hrs/Yr
Avg Flight Hours Hrs/Yr
Acquisition Cost:
Cash Flow Analysis
Cash Acquisition Cost 0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Total:
NPV Analysis
Total Acquisition Cost

Depreciation:
0.0%
0.0%
Method: Straightline
0.0%
Term:
30
0.00%
Residual:
15
3.00%
Inflation - Parts
4.00%
0%
+
$
- /Yr
0%
+
$
- /Yr
0 /Flt Hr
+
$
- /Mo
0
400 Resale Value (Adjusted)
150,411
265,000
Expenses +
Tax Impact +
After Tax
Revenue
Depreciation
Depreciation
Cash Flow
(265,000)
(265,000)
(2,258,751)
7,508
(2,251,243)
(2,140,365)
7,508
(2,132,857)
(1,875,932)
7,508
(1,868,424)
(1,957,921)
7,508
(1,950,412)
(2,017,563)
7,508
(2,010,055)
(2,120,538)
7,508
(2,113,030)
(2,263,440)
7,508
(2,255,932)
(2,263,473)
7,508
(2,255,965)
(2,351,743)
7,508
(2,344,235)
(2,430,418)
7,508
(2,422,909)
(2,557,743)
7,508
(2,550,235)
(2,612,149)
7,508
(2,604,641)
(2,831,910)
7,508
(2,824,402)
(3,485,898)
7,508
(3,478,390)
(2,939,244)
7,508
(2,931,736)
(3,684,157)
7,508
(3,676,648)
(3,171,974)
7,508
(3,164,465)
(3,277,791)
7,508
(3,270,282)
(3,509,916)
7,508
(3,502,407)
150,411
(3,554,341)
7,508
(3,396,422)
150,411
(53,570,267)
150,167
(53,269,690)

(1,500,000)
(2,000,000)
(2,500,000)
(3,000,000)
(3,500,000)
(4,000,000)
Year

Cumulative Total Discounted Cash Flow


0
1

10 11 12 13 14 15 16 17 18 19 20

(10,000,000)

(20,000,000)

(30,000,000)

(40,000,000)

(50,000,000)

Investment:

$
$
$

Present Value:

265,000
265,000

(60,000,000)
Year

(53,004,690)

Net Present Value:

(53,269,690)

Copyright 2012, Conklin and de Decker Associates, Inc. Orleans, MA 02653 (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Life Cycle Cost


ANNUAL COST

(Page 1)

8-Nov-12

(Version 12.2.4 Volume II, 2012)

Corporate

John Smith

Make/Model:

1978

Bombardier Learjet 24E

Aircraft Value:$ 265,000


Variable Cost

with ( 2 ) CJ 610-6

Acquisition:

Residual Value:$ 150,411

Purchase

Currency:

Avg Utilization:

Exchange Rate

1 / US$

400 Hours/Year
Inflation - General: 3% per Year

Year
Starting
$

1
Nov - 2012
867,104
6,320
192,688
120,686
467,200
175,776
37,050
37,830
5,600
25,976
11,880

2
Nov - 2013
893,117
6,510
206,151
130,372
323,101
181,049
25,462
10,109
5,768
26,755
12,236

3
Nov - 2014
919,911
6,705
220,249
140,640
186,481
11,352
15,391
5,941
27,558
12,603

4
Nov - 2015
947,508
6,906
235,007
151,521
192,075
27,285
11,384
6,119
28,385
12,982

5
Nov - 2016
975,933
7,113
250,452
163,047
197,837
16,061
9,523
6,303
29,236
13,371

6
Nov - 2017
1,005,211
7,327
266,613
175,252
203,773
33,828
19,235
6,492
30,113
13,772

7
Nov - 2018
1,035,368
7,546
283,517
188,174
20,894
209,886
34,651
62,051
6,687
31,017
14,185

8
Nov - 2019
1,066,429
7,773
301,196
201,848
216,182
17,550
18,726
6,887
31,947
14,611

9
Nov - 2020
1,098,421
8,006
319,681
216,316
222,668
26,792
13,302
7,094
32,906
15,049

10
Nov - 2021
1,131,374
8,246
339,004
231,618
229,348
18,945
12,155
7,307
33,893
15,501

11
Nov - 2022
1,165,315
8,494
359,198
247,798
236,228
44,013
23,403
7,526
34,910
15,966

Total Variable Cost $

1,948,110

1,820,631

1,546,831

1,619,171

1,668,877

1,761,616

1,893,976

1,883,150

1,960,236

2,027,390

2,142,850

Fuel
Fuel Additives/Lubricants
CO2 Offset Cost
Maintenance Labor
Maintenance Labor - Other
Parts
Parts - Other
Inspections
Engine Restoral
Engine Guaranteed Mx Plan
Parts Guaranteed Mx Plan
Airframe Guaranteed Mx Plan
Avionics Guaranteed Mx Plan
Component Overhaul (All)
Life Limited Components (All)
Other Variable Cost
ATC & Navigation Fees
Landing & Parking Fees
Crew Expenses
Small Supplies

Fixed Cost
Salaries
Pilot/Cockpit Crew
Flight Attendants
Maintenance Technicians
Other
Benefits
Hangar
Insurance
Hull
Liability
Miscellaneous
Training Pilot/Maintenance
Management Fee
Annual Use Tax (Lease Only)
Property Tax
Registration Fee
Brokerage Fee
New Int/Paint/Avionics
Modernization
Nav/Weather Services
Comp. Maintenance Service
Refurbishing
Other Fixed Cost

Year
$

10

11

140,000
42,000
22,300

144,200
43,260
22,969

148,526
44,558
23,658

152,982
45,895
24,368

157,571
47,271
25,099

162,298
48,690
25,852

167,167
50,150
26,627

172,182
51,655
27,426

177,348
53,204
28,249

182,668
54,800
29,096

188,148
56,444
29,969

3,154
10,500

3,248
10,815

3,346
11,139

3,446
11,474

3,549
11,818

3,656
12,172

3,765
12,538

3,878
12,914

3,995
13,301

4,115
13,700

4,238
14,111

17,200
45,000
5,279
3,750
13,950
-

17,716
46,350
5,437
3,863
14,369
-

18,247
47,741
5,600
3,978
14,800
-

18,795
49,173
5,769
4,098
15,244
-

19,359
50,648
5,942
4,221
15,701
-

19,940
52,167
6,120
4,347
16,172
-

20,538
53,732
6,303
4,478
16,657
-

21,154
55,344
6,493
4,612
17,157
-

21,788
57,005
6,687
4,750
17,671
-

22,442
58,715
6,888
4,893
18,202
-

23,115
60,476
7,095
5,040
18,748
-

303,133

312,226

321,593

331,241

341,178

351,414

361,956

372,815

383,999

395,519

407,385

265,000
-

2,516,243

2,132,857

1,868,424

1,950,412

2,010,055

2,113,030

2,255,932

2,255,965

2,344,235

2,422,909

2,550,235

Annual Utilization (Hrs)


Cost/Flight Hour $
Variable
Variable + Fixed
Total Annual Cost

400

400

400

400

400

400

400

400

400

400

400

4,870
5,628
6,291

4,552
5,332
5,332

3,867
4,671
4,671

4,048
4,876
4,876

4,172
5,025
5,025

4,404
5,283
5,283

4,735
5,640
5,640

4,708
5,640
5,640

4,901
5,861
5,861

5,068
6,057
6,057

5,357
6,376
6,376

Total Fixed Cost $


Finance/Lease Cost
Owned Aircraft - Current Value
Acquisition Cost/Resale
Final Payment/Loan Payoff
Operations Overhead
Administrative Overhead (G&A)
Total Cost

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Life Cycle Cost


(Page 2)
1978

ANNUAL COST

Bombardier Learjet 24E

- Parts: 4% per Year


12
Nov - 2023
1,200,275
8,748
380,299
264,902
243,315
14,811
12,531
7,752
35,957
16,445

13
Nov - 2024
1,236,283
9,011
402,342
282,977
29,650
250,615
56,275
63,097
7,984
37,036
16,938

14
Nov - 2025
1,273,371
9,281
425,366
302,075
666,676
258,133
20,956
13,554
8,224
38,147
17,446

15
Nov - 2026
1,311,573
9,560
449,409
322,248
265,877
31,991
16,832
8,471
39,291
17,970

16
Nov - 2027
1,350,920
9,846
474,512
343,552
426,029
273,853
35,132
222,831
8,725
40,470
18,509

17
Nov - 2028
1,391,447
10,142
500,717
366,044
282,069
39,668
18,205
8,986
41,684
19,064

18
Nov - 2029
1,433,191
10,446
528,067
389,785
290,531
17,685
27,719
9,256
42,934
19,636

19
Nov - 2030
1,476,187
10,759
556,607
414,841
41,019
299,247
49,405
64,299
9,534
44,222
20,225

20
Nov - 2031
1,520,472
11,082
586,385
441,277
308,224
43,347
20,479
9,820
45,549
20,832

2,185,034

2,392,208

3,033,230

2,473,221

3,204,378

2,678,027

2,769,250

2,986,345

3,007,466

Total

Year

23,299,409
169,821
7,277,461
5,094,974
1,974,569
4,723,167
602,260
692,655
150,474
697,985
319,220

Fuel
Fuel Additives/Lubricants
CO2 Offset Cost
Maintenance Labor
Maintenance Labor - Other
Parts
Parts - Other
Inspections
Engine Restoral
Engine Guaranteed Mx Plan
Parts Guaranteed Mx Plan
Airframe Guaranteed Mx Plan
Avionics Guaranteed Mx Plan
Component Overhaul (All)
Life Limited Components (All)
Other Variable Cost
ATC & Navigation Fees
Landing & Parking Fees
Crew Expenses
Small Supplies

45,001,995

Total Variable Cost

12

13

14

15

16

17

18

19

20

Total

193,793
58,138
30,868

199,607
59,882
31,794

205,595
61,678
32,748

211,763
63,529
33,731

218,115
65,435
34,743

224,659
67,398
35,785

231,399
69,420
36,859

238,341
71,502
37,964

245,491
73,647
39,103

4,365
14,534

4,496
14,970

4,631
15,420

4,770
15,882

4,913
16,359

5,060
16,849

5,212
17,355

5,369
17,876

5,530
18,412

84,736
282,139

23,809
62,291
7,307
5,191
19,310
-

24,523
64,159
7,527
5,347
19,889
-

25,259
66,084
7,752
5,507
20,486
-

26,017
68,067
7,985
5,672
21,101
-

26,797
70,109
8,225
5,842
21,734
-

27,601
72,212
8,471
6,018
22,386
-

28,429
74,378
8,725
6,198
23,057
-

29,282
76,609
8,987
6,384
23,749
-

30,160
7,822
78,908
9,257
6,576
24,461
-

462,170
7,822
1,209,167
141,849
100,764
374,842
-

419,606

432,194

445,160

458,515

472,271

486,439

501,032

516,063

539,367

8,153,106

Total Fixed Cost

114,589
-

Finance/Lease Cost
Owned Aircraft - Current Value
Acquisition Cost/Resale
Final Payment/Loan Payoff
Operations Overhead
Administrative Overhead (G&A)

2,604,641

2,824,402

3,478,390

2,931,736

3,676,648

3,164,465

3,270,282

3,502,407

3,396,422

53,269,690

400

400

400

400

400

400

400

400

400

5,463
6,512
6,512

5,981
7,061
7,061

7,583
8,696
8,696

6,183
7,329
7,329

8,011
9,192
9,192

6,695
7,911
7,911

6,923
8,176
8,176

7,466
8,756
8,756

7,519
8,867
8,491

(150,411)
-

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

3,761,852
1,128,556
599,209

Year
Salaries
Pilot/Cockpit Crew
Flight Attendants
Maintenance Technicians
Other
Benefits
Hangar
Insurance
Hull
Liability
Miscellaneous
Training Pilot/Maintenance
Management Fee
Annual Use Tax (Lease Only)
Property Tax
Registration Fee
Brokerage Fee
New Int/Paint/Avionics
Modernization
Nav/Weather Services
Comp. Maintenance Service
Refurbishing
Other Fixed Cost

Total Annual Cost


Annual Utilization (Hrs)
Cost/Flight Hour $
Variable
Variable + Fixed
Total Annual Cost

Life Cycle Cost

FINANCIAL ANALYSIS

(Page 1)

John Smith

Corporate

8-Nov-12

(Version 12.2.4 Volume II, 2012)

20
Make/Model:

1978

Bombardier Learjet 24E

Depreciation:
Year
Starting
Revenue:
Sales (Flt Hr)
Sales (Month)
Aircraft Sale
Total

Cost Without Tax Impact:


Total Acquisition Cost
Principal Repayment
Final Payment
Total

Cost With Tax Impact:


Sales Tax/VAT
Use Tax (Lease Only)
Property Tax
Variable Cost
Fixed Cost
Operations Overhead
Admin Overhead (G&A)
Betterment/Detriment (Lease Only)
Depreciation
Interest
Lease Payments
Total

(265,000)
-

(265,000)

After Tax Total Cash Flow:

Operating Cash Flow:

2
Nov - 2013

Present Value of Total Cash Flow: $


Value of Trade-in Aircraft:

Value of Owned Aircraft:

Net Present Value:

(265,000)

3
Nov - 2014

Target ROI:

0%

Exchange Rate:

1 / US$

4
Nov - 2015

5
Nov - 2016

6
Nov - 2017

Avg Utilization:

400 Hours/Year

Inflation - General: 3% per Year


7
Nov - 2018

8
Nov - 2019

- Parts:

9
Nov - 2020

10
Nov - 2021

(265,000)

Purchase

Currency:

(1,948,110)
(303,133)
(7,508)
(2,258,751)

Tax Impact:
Income Tax
Capital Gains Tax
Total

Straightline
1
Nov - 2012

Acquisition:

(1,820,631)
(312,226)
(7,508)
(2,140,365)

(1,546,831)
(321,593)
(7,508)
(1,875,932)

(1,619,171)
(331,241)
(7,508)
(1,957,921)

(1,668,877)
(341,178)
(7,508)
(2,017,563)

(1,761,616)
(351,414)
(7,508)
(2,120,538)

(1,893,976)
(361,956)
(7,508)
(2,263,440)

(1,883,150)
(372,815)
(7,508)
(2,263,473)

(1,960,236)
(383,999)
(7,508)
(2,351,743)

(2,027,390)
(395,519)
(7,508)
(2,430,418)

(2,251,243)

(2,132,857)

(1,868,424)

(1,950,412)

(2,010,055)

(2,113,030)

(2,255,932)

(2,255,965)

(2,344,235)

(2,422,909)

(2,251,243)

(2,132,857)

(1,868,424)

(1,950,412)

(2,010,055)

(2,113,030)

(2,255,932)

(2,255,965)

(2,344,235)

(2,422,909)

(2,251,243)

(2,132,857)

(1,868,424)

(1,950,412)

(2,010,055)

(2,113,030)

(2,255,932)

(2,255,965)

(2,344,235)

(2,422,909)

(2,516,243)

(4,649,100)

(6,517,524)

(8,467,936)

(10,477,991)

(12,591,021)

(14,846,953)

(17,102,917)

(19,447,152)

(21,870,061)

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA. (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Life Cycle Cost

(Page 2)

1978

FINANCIAL ANALYSIS

Bombardier Learjet 24E

4% per Year
11
Nov - 2022

12
Nov - 2023

13
Nov - 2024

14
Nov - 2025

15
Nov - 2026

16
Nov - 2027

17
Nov - 2028

18
Nov - 2029

19
Nov - 2030

20
Nov - 2031

Total

- $
150,411
150,411 $

- $
- $

(2,142,850)
(407,385)
(7,508)
(2,557,743)

(2,185,034)
(419,606)
(7,508)
(2,612,149)

(2,392,208)
(432,194)
(7,508)
(2,831,910)

(3,033,230)
(445,160)
(7,508)
(3,485,898)

(2,473,221)
(458,515)
(7,508)
(2,939,244)

(3,204,378)
(472,271)
(7,508)
(3,684,157)

(2,678,027)
(486,439)
(7,508)
(3,171,974)

(2,769,250)
(501,032)
(7,508)
(3,277,791)

(2,986,345)
(516,063)
(7,508)
(3,509,916)

- $
(3,007,466)
(539,367)
(7,508)
(3,554,341) $

- $

Year

Revenues
Sales (Flt Hr)
Sales (Month)
150,411
Aircraft Sale
150,411 Total

Cost Without Tax Impact:


(265,000)
Total Acquisition Cost
Principal Repayment
Final Payment
(265,000) Total

Cost With Tax Impact:


Sales Tax/VAT
Use Tax (Lease Only)
Property Tax
(45,001,995)
Variable Cost
(8,153,106)
Fixed Cost
Operations Overhead
Admin Overhead (G&A)
Betterment/Detriment (Lease Only)
(150,167)
Depreciation
Interest
Lease Payments
(53,305,267) Total

Tax Impact:
Income Tax
Capital Gains Tax
- Total

(2,550,235)

(2,604,641)

(2,824,402)

(3,478,390)

(2,931,736)

(3,676,648)

(3,164,465)

(3,270,282)

(3,502,407)

(3,396,422) $

After Tax (53,269,690) Total Cash Flow

(2,550,235)

(2,604,641)

(2,824,402)

(3,478,390)

(2,931,736)

(3,676,648)

(3,164,465)

(3,270,282)

(3,502,407)

(3,546,833) $

(53,155,101) Operating Cash Flow

(2,550,235)

(2,604,641)

(2,824,402)

(3,478,390)

(2,931,736)

(3,676,648)

(3,164,465)

(3,270,282)

(3,502,407)

(3,396,422) $

(53,004,690) Present Value

(24,420,296)

(27,024,936)

(29,849,338)

(33,327,728)

(36,259,464)

(39,936,113)

(43,100,578)

(46,370,860)

(49,873,268)

(53,269,690) $

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA. (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

(53,269,690) Net Present Value

Life Cycle Cost

Maintenance Cost Matrix


For:

8-Nov-12

John Smith

Aircraft:
Engines:
Year:
Currency

Inflation:

Bombardier Learjet 24E


( 2 ) CJ 610-6
1978
$

Average $/Hr
This Analysis

Maint Cost
2,546

Fuel & Other


3,080

Matrix -- 5-Year Average Cost *


Year 1 - 5
1,860
Year 6 - 10
1,904
Year 11 - 15
2,757
Year 16 - 20
3,356
* No Warranty Available

Program length:
Type of operation:
Flight hours/Year
Total Variable Average $/Hr
5,625
This Analysis

2,418
2,803
3,250
3,768

4,278
4,708
6,007
7,124

265,000
0
0
0
0
0
400
0
0
0
0.0
0
Program (0 % ROI)
3

4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Year 1 - 5

Year 6 - 10

Year 11 - 15

Year 16 - 20

%/Year

20 Years
Corporate
400 Hours
Maint Cost
2,546

Fuel & Other


3,080

Total Variable
5,625

Matrix -- Average Cost for Program Duration*


Year 1 - 5
1,860
2,418
Year 1 - 10
1,882
2,611
Year 1 - 15
2,174
2,824
Year 1 - 20
2,469
3,060

Maintenance Cost - 5 Year Average

3.00

4,278
4,493
4,998
5,529

Maintenance Cost - Average for Program Duration


3,000

2,500

2,000

1,500

1,000

500

0
Year 1 - 5

Year 1 - 10

Year 1 - 15

Year 1 - 20

Copyright 2012, Conklin and de Decker Associates, Inc. PO Box 1142, Orleans, MA 02653 (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Budget Analysis

Operating Budget
For:

John Smith

Aircraft:

Bombardier Learjet 24E

Engine:

( 2 ) General Electric CJ 610-6

Registration:

N123

Serial Number:

123

Year:

1978

Budget Year Start:


Currency:

8-Nov-12

Nov - 2012
$

Inflation - General:
Inflation - Parts:

3% per Year
4% per Year

Type of operation:

Corporate

Base of operation:

Texas

The following state taxes or fees are not included in the analysis but may be applicable.
See the 'State Tax Guide for General Aviation' published by Conklin & de Decker for details.
- Personal Property Tax

- State Sales/Use Tax =

6.25%

Copyright 2012, Conklin and de Decker Associates, Inc. PO Box 1142, Orleans, MA 02653 (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Budget Analysis

BUDGET SUMMARY

(Version 12.2.4 Volume II, 2012)

Monthly Budget
Budget Year Starting

John Smith

Bombardier Learjet 24E

1978

Registration Number:

Nov - 2012

600,000

with ( 2 ) CJ 610-6

N123

8-Nov-12
Currency:

Program Data:
Hrs/Month
Cycles/Hour

800,000

33
1.0

MX Labor Rate
Fuel Cost

93.00 /MH
6.86 /GAL

Airframe Status:
Total Hours
Year Manufactured:
Total Cycles

11900
1978
11900

Inflation - General:
Inflation - Parts
Budget Total:

3.00% /Year
4.00%
Total for Year

Exchange Rate:
1 / US$
Acquisition Cost - Purchase:
Purchase Price
$
State Sales Tax/VAT
Training/Spares/Other
Refurb/Modification
Trade-in
Total
$

400,000
Revenue

200,000

265,000
265,000

10

11

12

(200,000)

265,000
Cost/Hour
0

(600,000)

(800,000)
Month

Revenue

Variable Cost

1,948,110

162,343

Fixed Cost

303,133

25,261

Total Finance/Lease Cost

Ops + Admin Overhead

600,000

Total Expenses

2,251,243

187,604

5,628 500,000

Operating Profit/(Loss)
Monthly Budget:
(No Depreciation)
Nov 2012
Dec 2012
Jan 2013
Feb 2013
Mar 2013
Apr 2013
May 2013
Jun 2013
Jul 2013
Aug 2013
Sep 2013
Oct 2013

(2,251,243)
Revenues
0
0
0
0
0
0
0
0
0
0
0
0

Profit/Loss

(400,000)

Lease/Finance Payments:
Avg. Finance Cost/Yr
$
Final Payment
Lease Cost/Yr
Insured Value:
Average/Month

Expense

(187,604)
Expenses
415,110
141,510
664,750
141,510
141,510
153,540
150,110
141,510
141,510
141,510
141,510
142,160

4,870

Monthly Maintenance Budget

(5,628)
Profit/(Loss)
(415,110)
(141,510)
(664,750)
(141,510)
(141,510)
(153,540)
(150,110)
(141,510)
(141,510)
(141,510)
(141,510)
(142,160)

400,000
300,000

Maint. Exp.

200,000
100,000
1

Month

Copyright 2012, Conklin and de Decker Associates, Inc. Orleans, MA 02653 (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

10

11

12

Budget Analysis

MONTHLY BUDGET

Nov 2012

Oct 2013

through

8-Nov-12

(Version 12.2.4 Volume II, 2012)

Corporate

John Smith

Make/Model:

1978

Bombardier Learjet 24E

Aircraft Value:$ 265,000


Revenue

Acquisition:

Month

Nov 2012

Average Revenue/Charter Hours/Month


Hourly Rev. (Incl. Fuel Surcharge
$
Monthly Revenue
Total Revenue

Variable Cost

Month

Average Flight Hours/Month


Fuel
$
Fuel Additives/Lubricants
CO2 Offset Cost
Maintenance Labor
Maintenance Labor - Other
Parts
Parts - Other
Inspections
Engine Restoral
Engine Guaranteed Mx Plan
Parts Guaranteed Mx Plan
Airframe Guaranteed Mx Plan
Avionics Guaranteed Mx Plan
Component Overhaul (All)
Life Limited Components (All)
Other Variable Cost
ATC & Navigation Fees
Landing & Parking Fees
Crew Expenses
Small Supplies
Total Variable Cost $
Fixed Cost
Month
Salaries
Pilot/Cockpit Crew
$
Flight Attendants
Maintenance Technicians
Other
Benefits
Hangar
Insurance
Hull
Liability
Miscellaneous
Training Pilot/Maintenance
Management Fee
Annual Use Tax (Lease Only)
Property Tax
Registration Fee
Brokerage Fee
New Int/Paint/Avionics
Modernization
Nav/Weather Services
Comp. Maintenance Service
Refurbishing
Other Fixed Cost
Total Fixed Cost $
Finance/Lease Cost
Acquisition Cost/Residual Value
Final/Balloon Payment
Operations Overhead
Administrative Overhead (G&A)

Total Cost

Operating Profit (Loss) $

N123

Purchase
Dec 2012
-

33
72,259
527
16,057
10,057
14,648
513
467
2,165
990
117,683
Nov 2012

3% per Year

Jan 2013

Feb 2013

Nov 2012

First Year Utilization:

Inflation:

Dec 2012
33
72,259
527
16,057
10,057
14,648
513
467
2,165
990
117,683
Dec 2012

Currency:
Mar 2013

Jan 2013
33
72,259
527
16,057
10,057
467,200
14,648
26,350
30,203
467
2,165
990
640,923
Jan 2013

Feb 2013
33
72,259
527
16,057
10,057
14,648
513
467
2,165
990
117,683
Feb 2013

400

Hours
Exchange Rate

1 / US$

Apr 2013

May 2013

Jun 2013

Mar 2013
33
72,259
527
16,057
10,057
14,648
513
467
2,165
990
117,683
Mar 2013

Revenue Hrs:

Apr 2013
33
72,259
527
16,057
10,057
14,648
10,450
2,093
467
2,165
990
129,713
Apr 2013

Jul 2013

May 2013
33
72,259
527
16,057
10,057
14,648
513
467
2,165
990
117,683
May 2013

Hours/Yr

Aug 2013

Jun 2013

Jun 2013

Jul 2013

33
72,259
527
16,057
10,057
14,648
513
467
2,165
990
117,683

Sep 2013

33
72,259
527
16,057
10,057
14,648
513
467
2,165
990
117,683
Jul 2013

Oct 2013

Aug 2013
33
72,259
527
16,057
10,057
14,648
513
467
2,165
990
117,683
Aug 2013

Total

Sep 2013
33
72,259
527
16,057
10,057
14,648
513
467
2,165
990
117,683
Sep 2013

Oct 2013
33
72,259
527
16,057
10,057
14,648
250
913
467
2,165
990
118,333

Total

Oct 2013

400
867,104
6,320
192,688
120,686
467,200
175,776
37,050
37,830
5,600
25,976
11,880
1,948,110
Total

11,667
3,500
1,858

11,667
3,500
1,858

11,667
3,500
1,858

11,667
3,500
1,858

11,667
3,500
1,858

11,667
3,500
1,858

11,667
3,500
1,858

11,667
3,500
1,858

11,667
3,500
1,858

11,667
3,500
1,858

11,667
3,500
1,858

11,667
3,500
1,858

263
875

263
875

263
875

263
875

263
875

263
875

263
875

263
875

263
875

263
875

263
875

263
875

3,154
10,500

8,600
3,750
440
313
1,163
32,428

3,750
440
313
1,163
23,828

3,750
440
313
1,163
23,828

3,750
440
313
1,163
23,828

3,750
440
313
1,163
23,828

3,750
440
313
1,163
23,828

8,600
3,750
440
313
1,163
32,428

3,750
440
313
1,163
23,828

3,750
440
313
1,163
23,828

3,750
440
313
1,163
23,828

3,750
440
313
1,163
23,828

3,750
440
313
1,163
23,828

17,200
45,000
5,279
3,750
13,950
303,133

265,000
415,110

141,510

664,750

141,510

141,510

153,540

150,110

141,510

141,510

141,510

141,510

142,160

265,000
2,516,243

(415,110)

(141,510)

(664,750)

(141,510)

(141,510)

(153,540)

(150,110)

(141,510)

(141,510)

(141,510)

(141,510)

(142,160)

(2,516,243)

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

$
$

140,000
42,000
22,300

Budget Analysis

12 Month Maintenance Budget - Inspections and Component Overhauls

Currency:
Maintenance Cost Summary
Maintenance Labor
Maintenance Labor - Other
Parts
Parts - Other
Inspections
Engine Restoral
Engine Guaranteed Mx Plan
Parts Guaranteed Mx Plan
Airframe Guaranteed Mx Plan
Avionics Guaranteed Mx Plan
Component Overhaul (All)
Life Limited Components (All)

Inspections
2400 Hour
12 Yr/7200 Hr
12000 Hour
6000 Landing

Total Inspection Cost


Component Overhaul
Stab Actuator
T/R (D Howard)
Generator (2)
Main Wheel NDT (2)
Nose Wheel NDT
Brakes (2)

Total Component Overhaul Cost

Exchange Rate:

Month
$

Oct 2013

with ( 2 ) CJ 610-6

1 / US$

Nov 2012
16,057

Dec 2012
16,057

10,057

10,057

(Version 12.2.4 Volume II, 2012)

At Start:

N123

First Yr Utilization:

Total Time

11,900

Total Years
400

Hrs

35

Total Landings

11,900

Jan 2013
16,057

Feb 2013
16,057

Mar 2013
16,057

Apr 2013
16,057

May 2013
16,057

Jun 2013
16,057

Jul 2013
16,057

Aug 2013
16,057

Sep 2013
16,057

Oct 2013
16,057

10,057

10,057

10,057

10,057

10,057

10,057

10,057

10,057

10,057

10,057

467,200

Total Maintenance Cost

12345678910 11 12 13 14 15 16 17 18 19 20 -

through
8-Nov-12

1978 Bombardier Learjet 24E

12345678910 11 12 13 14 -

Nov 2012

Corporate

John Smith

Month

14,648

14,648

14,648

14,648

14,648

14,648

14,648

14,648

14,648

14,648

14,648

14,648

513

513

26,350
30,203

513

513

10,450
2,093

513

513

513

513

513

250
913

41,276
Nov 2012

41,276
Dec 2012

564,516
Jan 2013
1

41,276
Feb 2013

41,276
Mar 2013

53,306
Apr 2013

41,276
May 2013

41,276
Jun 2013

41,276
Jul 2013

41,276
Aug 2013

41,276
Sep 2013

41,926

Oct 2013

1
1

467,200
Nov 2012

Dec 2012

Jan 2013
1
1
1

$
Feb 2013

Mar 2013

Apr 2013

May 2013

Jun 2013

Jul 2013

Aug 2013

Sep 2013

Oct 2013

1
1

26,350

10,450

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

250

467,200
Total
1
1
1
1
2
1

1
1

1,031,230
Total
1

1
1

Month

Total
192,688
120,686
467,200
175,776
37,050
37,830

37,050

Budget Analysis
20 YEAR BUDGET FORECAST

8-Nov-12

Page 1

(Version 12.2.4 Volume II, 2012)

Corporate

John Smith

Make/Model:

1978

Bombardier Learjet 24E

Aircraft Value:$ 265,000


Revenue

Year
Starting

Annual Charter/Revenue Hrs/Yr


Hourly Revenue (Incl. Fuel Surcharge)
Monthly Revenue
Total Revenue
Variable Cost
Annual Utilization
Fuel
$
Fuel Additives/Lubricants
CO2 Offset Cost
Maintenance Labor
Maintenance Labor - Other
Parts
Parts - Other
Inspections
Engine Restoral
Engine Guaranteed Mx Plan
Parts Guaranteed Mx Plan
Airframe Guaranteed Mx Plan
Avionics Guaranteed Mx Plan
Component Overhaul (All)
Life Limited Components (All)
Other Variable Cost
ATC & Navigation Fees
Landing & Parking Fees
Crew Expenses
Small Supplies
Total Variable Cost $
Fixed Cost

Year
Starting

Salaries
Pilot/Cockpit Crew
$
Flight Attendants
Maintenance Technicians
Other
Benefits
Hangar
Insurance
Hull
Liability
Miscellaneous
Training Pilot/Maintenance
Management Fee
Annual Use Tax (Lease Only)
Property Tax
Registration Fee
Brokerage Fee
New Int/Paint/Avionics
Modernization
Nav/Weather Services
Comp. Maintenance Service
Refurbishing
Other Fixed Cost
Total Fixed Cost $
Finance/Lease Cost
Acquisition Cost/Resale
Final/Balloon Payment
Operations Overhead
Administrative Overhead (G&A)
Total Cost

with ( 2 ) CJ 610-6

Acquisition:

Residual Value:$ 150,411

Operating Profit (Loss) $

1
Nov - 2012

2
Nov - 2013

3
Nov - 2014

Purchase

Currency:
4
Nov - 2015

5
Nov - 2016

Avg Utilization:

Exchange Rate

1 / US$

6
Nov - 2017

7
Nov - 2018

8
Nov - 2019

Hours/Year
Inflation - General: 3% per Year

9
Nov - 2020

400

10
Nov - 2021

11
Nov - 2022

400
867,104
6,320
192,688
120,686
467,200
175,776
37,050
37,830
5,600
25,976
11,880
1,948,110

400
893,117
6,510
206,151
130,372
323,101
181,049
25,462
10,109
5,768
26,755
12,236
1,820,631

400
919,911
6,705
220,249
140,640
186,481
11,352
15,391
5,941
27,558
12,603
1,546,831

400
947,508
6,906
235,007
151,521
192,075
27,285
11,384
6,119
28,385
12,982
1,619,171

400
975,933
7,113
250,452
163,047
197,837
16,061
9,523
6,303
29,236
13,371
1,668,877

400
1,005,211
7,327
266,613
175,252
203,773
33,828
19,235
6,492
30,113
13,772
1,761,616

400
1,035,368
7,546
283,517
188,174
20,894
209,886
34,651
62,051
6,687
31,017
14,185
1,893,976

400
1,066,429
7,773
301,196
201,848
216,182
17,550
18,726
6,887
31,947
14,611
1,883,150

400
1,098,421
8,006
319,681
216,316
222,668
26,792
13,302
7,094
32,906
15,049
1,960,236

400
1,131,374
8,246
339,004
231,618
229,348
18,945
12,155
7,307
33,893
15,501
2,027,390

400
1,165,315
8,494
359,198
247,798
236,228
44,013
23,403
7,526
34,910
15,966
2,142,850

1
Nov - 2012

2
Nov - 2013

3
Nov - 2014

4
Nov - 2015

5
Nov - 2016

6
Nov - 2017

7
Nov - 2018

8
Nov - 2019

9
Nov - 2020

10
Nov - 2021

11
Nov - 2022

140,000
42,000
22,300

144,200
43,260
22,969

148,526
44,558
23,658

152,982
45,895
24,368

157,571
47,271
25,099

162,298
48,690
25,852

167,167
50,150
26,627

172,182
51,655
27,426

177,348
53,204
28,249

182,668
54,800
29,096

188,148
56,444
29,969

3,154
10,500

3,248
10,815

3,346
11,139

3,446
11,474

3,549
11,818

3,656
12,172

3,765
12,538

3,878
12,914

3,995
13,301

4,115
13,700

4,238
14,111

17,200
45,000
5,279
3,750
13,950
303,133

17,716
46,350
5,437
3,863
14,369
312,226

18,247
47,741
5,600
3,978
14,800
321,593

18,795
49,173
5,769
4,098
15,244
331,241

19,359
50,648
5,942
4,221
15,701
341,178

19,940
52,167
6,120
4,347
16,172
351,414

20,538
53,732
6,303
4,478
16,657
361,956

21,154
55,344
6,493
4,612
17,157
372,815

21,788
57,005
6,687
4,750
17,671
383,999

22,442
58,715
6,888
4,893
18,202
395,519

23,115
60,476
7,095
5,040
18,748
407,385

265,000
2,516,243

2,132,857

1,868,424

1,950,412

2,010,055

2,113,030

2,255,932

2,255,965

2,344,235

2,422,909

2,550,235

(2,516,243)

(2,132,857)

(1,868,424)

(1,950,412)

(2,010,055)

(2,113,030)

(2,255,932)

(2,255,965)

(2,344,235)

(2,422,909)

(2,550,235)

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Budget Analysis
Page 2

20 YEAR BUDGET FORECAST


1978 Bombardier Learjet 24E
Corporate

- Parts: 4% per Year


12
Nov - 2023

13
Nov - 2024

14
Nov - 2025

15
Nov - 2026

16
Nov - 2027

17
Nov - 2028

18
Nov - 2029

19
Nov - 2030

20
Nov - 2031

Total

Revenue

400
1,200,275
8,748
380,299
264,902
243,315
14,811
12,531
7,752
35,957
16,445
2,185,034

400
1,236,283
9,011
402,342
282,977
29,650
250,615
56,275
63,097
7,984
37,036
16,938
2,392,208

400
1,273,371
9,281
425,366
302,075
666,676
258,133
20,956
13,554
8,224
38,147
17,446
3,033,230

400
1,311,573
9,560
449,409
322,248
265,877
31,991
16,832
8,471
39,291
17,970
2,473,221

400
1,350,920
9,846
474,512
343,552
426,029
273,853
35,132
222,831
8,725
40,470
18,509
3,204,378

400
1,391,447
10,142
500,717
366,044
282,069
39,668
18,205
8,986
41,684
19,064
2,678,027

400
1,433,191
10,446
528,067
389,785
290,531
17,685
27,719
9,256
42,934
19,636
2,769,250

400
1,476,187
10,759
556,607
414,841
41,019
299,247
49,405
64,299
9,534
44,222
20,225
2,986,345

400
1,520,472
11,082
586,385
441,277
308,224
43,347
20,479
9,820
45,549
20,832
3,007,466

8,000
23,299,409
169,821
7,277,461
5,094,974
1,974,569
4,723,167
602,260
692,655
150,474
697,985
319,220
45,001,995

Annual Charter/Revenue Hrs/Yr


Hourly Revenue (Incl. Fuel Surcharge)
Monthly Revenue
Variable Cost

12
Nov - 2023

13
Nov - 2024

14
Nov - 2025

15
Nov - 2026

16
Nov - 2027

17
Nov - 2028

18
Nov - 2029

19
Nov - 2030

20
Nov - 2031

Fuel
Fuel Additives/Lubricants
CO2 Offset Cost
Maintenance Labor
Maintenance Labor - Other
Parts
Parts - Other
Inspections
Engine Restoral
Engine Guaranteed Mx Plan
Parts Guaranteed Mx Plan
Airframe Guaranteed Mx Plan
Avionics Guaranteed Mx Plan
Component Overhaul (All)
Life Limited Components (All)
Other Variable Cost
ATC & Navigation Fees
Landing & Parking Fees
Crew Expenses
Small Supplies

Total

193,793
58,138
30,868

199,607
59,882
31,794

205,595
61,678
32,748

211,763
63,529
33,731

218,115
65,435
34,743

224,659
67,398
35,785

231,399
69,420
36,859

238,341
71,502
37,964

245,491
73,647
39,103

4,365
14,534

4,496
14,970

4,631
15,420

4,770
15,882

4,913
16,359

5,060
16,849

5,212
17,355

5,369
17,876

5,530
18,412

3,761,852
1,128,556
599,209
84,736
282,139

23,809
62,291
7,307
5,191
19,310
419,606

24,523
64,159
7,527
5,347
19,889
432,194

25,259
66,084
7,752
5,507
20,486
445,160

26,017
68,067
7,985
5,672
21,101
458,515

26,797
70,109
8,225
5,842
21,734
472,271

27,601
72,212
8,471
6,018
22,386
486,439

28,429
74,378
8,725
6,198
23,057
501,032

29,282
76,609
8,987
6,384
23,749
516,063

30,160
7,822
78,908
9,257
6,576
24,461
539,367

462,170
7,822
1,209,167
141,849
100,764
374,842
8,153,106

2,604,641

2,824,402

3,478,390

2,931,736

3,676,648

3,164,465

3,270,282

3,502,407

(150,411)
3,396,422

(2,604,641)

(2,824,402)

(3,478,390)

(2,931,736)

(3,676,648)

(3,164,465)

(3,270,282)

(3,502,407)

(3,396,422)

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Fixed Cost
Salaries
Pilot/Cockpit Crew
Flight Attendants
Maintenance Technicians
Other
Benefits
Hangar
Insurance
Hull
Liability
Miscellaneous
Training Pilot/Maintenance
Management Fee
Annual Use Tax (Lease Only)
Property Tax
Registration Fee
Brokerage Fee
New Int/Paint/Avionics
Modernization
Nav/Weather Services
Comp. Maintenance Service
Refurbishing
Other Fixed Cost
Total Fixed Cost $

Finance/Lease Cost
114,589
Operations Overhead
Administrative Overhead (G&A)
53,269,690 Total Cost $
(53,269,690) Operating Profit (Loss) $

Budget Analysis

20 Year Maintenance Budget - Inspections and Component Overhauls

Make/Model:

(Version 12.2.4 Volume II, 2012)

Total Time

1978 Bombardier Learjet 24E


Currency:

Maintenance Cost Summary


Maintenance Labor
Maintenance Labor - Other
Parts
Parts - Other
Inspections
Engine Restoral
Engine Guaranteed Mx Plan
Parts Guaranteed Mx Plan
Airframe Guaranteed Mx Plan
Avionics Guaranteed Mx Plan
Component Overhaul (All)
Life Limited Components (All)

Exchange Rate:

Year
Staring
$

Total Maintenance Cost $


Inspections
2400 Hour
12 Yr/7200 Hr
12000 Hour
6000 Landing

Year

with ( 2 ) CJ 610-6

1 / US$

11,900

Avg Utilization:

400

Hrs/Yr

Total Years

Program Length:

20

Years

Total Landings

11,900

35
Infl

1
Nov - 2012
192,688

2
Nov - 2013
206,151

3
Nov - 2014
220,249

4
Nov - 2015
235,007

5
Nov - 2016
250,452

6
Nov - 2017
266,613

7
Nov - 2018
283,517

8
Nov - 2019
301,196

9
Nov - 2020
319,681

10
Nov - 2021
339,004

120,686

130,372

140,640

151,521

163,047

175,252

188,174

201,848

216,316

231,618

467,200

323,101

175,776

181,049

186,481

192,075

197,837

203,773

209,886

216,182

222,668

229,348

37,050
37,830

25,462
10,109

11,352
15,391

27,285
11,384

16,061
9,523

33,828
19,235

34,651
62,051

17,550
18,726

26,792
13,302

18,945
12,155

876,244
2
2

574,113
3
3

617,272
4
4

636,920
5
5

698,701
6
6

799,173
7
7
1

755,503
8
8

798,759
9
9

831,070
10
10

1,031,230
1
1
1

20,894

1
1
1

Total Inspection Cost


12345678910 11 12 13 14 15 16 17 18 19 20 -

8-Nov-12

Corporate

John Smith

12345678910 11 12 13 14 -

(Page 1)

Component Overhaul
Stab Actuator
T/R (D Howard)
Generator (2)
Main Wheel NDT (2)
Nose Wheel NDT
Brakes (2)

Total Component Overhaul Cost

$
Year

467,200
1
1
1
1
1
2
1

37,050

323,101

20,894

2
1

4
1

5
1

2
1
2

1
1
1

2
2
2

1
1
1

25,462

11,352

27,285

16,061

7
1
1

8
1

10
1

1
2
1
2

1
2
1

1
1
1

2
1
2

1
2
1

33,828

34,651

17,550

26,792

18,945

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Budget Analysis

20 Year Maintenance Budget - Inspections and Component Overhauls

(Page 2)

1978

ation - General: 3% per Year

Bombardier Learjet 24E

- Parts: 4% per Year

11
Nov - 2022
359,198

12
Nov - 2023
380,299

13
Nov - 2024
402,342

14
Nov - 2025
425,366

15
Nov - 2026
449,409

16
Nov - 2027
474,512

17
Nov - 2028
500,717

18
Nov - 2029
528,067

19
Nov - 2030
556,607

20
Nov - 2031
586,385

247,798

264,902

282,977

302,075

322,248

343,552

366,044

389,785

414,841

441,277

29,650

666,676

236,228

243,315

250,615

258,133

265,877

273,853

282,069

290,531

299,247

308,224

44,013
23,403

14,811
12,531

56,275
63,097

20,956
13,554

31,991
16,832

35,132
222,831

39,668
18,205

17,685
27,719

49,405
64,299

43,347
20,479

910,640
11
11

915,858
12
12

1,084,956
13
13
1

1,686,760
14
14

426,029

1,086,358
15
15

1,775,909
16
16

Total
$

7,277,461
5,094,974
1,974,569
4,723,167
602,260
692,655

Maintenance Labor
Maintenance Labor - Other
Parts
Parts - Other
Inspections
Engine Restoral
Engine Guaranteed Mx Plan
Parts Guaranteed Mx Plan
Airframe Guaranteed Mx Plan
Avionics Guaranteed Mx Plan
Component Overhaul (All)
Life Limited Components (All)

20,365,086

Total Variable Cost

41,019

1,206,703
17
17

1,253,787
18
18

1,425,418
19
19
1

1,399,711
20
20

Total
4
2
1
2

1
1

29,650
11
1

666,676

426,029

12

13
1
1

14
1

15

1
2
1
2

1
1
1

2
2
2

1
1
1

44,013

14,811

56,275

20,956

41,019

16
1

17
1

18

19
1
1

20
1

2
1
2

1
1
2
1

2
1
2

1
1
1

1
2
1

2
1
2

31,991

35,132

39,668

17,685

49,405

43,347

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Year

Inspections
2400 Hour
12 Yr/7200 Hr
12000 Hour
6000 Landing

1,974,569

Total Inspection Cost

Total
14
4
4
29
27
29

Component Overhaul
Stab Actuator
T/R (D Howard)
Generator (2)
Main Wheel NDT (2)
Nose Wheel NDT
Brakes (2)

602,260

Total Component Overhaul Cost

Budget Analysis

20 Year Maintenance Budget - Life Limited Parts and Engine Overhauls

Make/Model:
Currency:

$
Year
Starting

Name
NG Gear Strut Actuators
MG Gear Strut Actuators
Control Syst Cables
Spoiler Ass'y
Generator Bearing (2)
Windshield (2)
Main Tire (2)
Nose Tire

Engine Restoral
Overhaul/Inspection
H.S.I
Overhaul

Exchange Rate:

1 / US$

1
Nov - 2012

2
Nov - 2013

with ( 2 ) CJ 610-6

Avg Utilization:
Program Length:

3
Nov - 2014

4
Nov - 2015

5
Nov - 2016

400

Hrs/Yr

Total Years

20

Years

Total Landings

6
Nov - 2017

7
Nov - 2018

8
Nov - 2019

20 Year Maintenance Budget - Life Limited P

(Page 2)

(Version 12.2.4 Volume II, 2012)

11,900

1978

Bombardier Learjet 24E

35
11,900
9
Nov - 2020

Inflation - General: 3% per Year


10
Nov - 2021

11
Nov - 2022

12
Nov - 2023

- Parts: 4% per Year


13
Nov - 2024

14
Nov - 2025

15
Nov - 2026

16
Nov - 2027

17
Nov - 2028

18
Nov - 2029

19
Nov - 2030

20
Nov - 2031

Total

1
1

1
1

1
1
2

Total Life Limited Part Cost

12345-

8-Nov-12

Total Time

1978 Bombardier Learjet 24E

Life Limited Part Replacement

12345678910 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 -

(Page 1)

Corporate

John Smith

Engine #1

$
Year

1
2
1

1
1

1
2
2

37,830

10,109

15,391

11,384

1
1

2
1

9,523
5

1
1

1
2

1
1

1
2
1

1
2

2
1

1
1

2
2

1
1

2
1

1
2

1
2
1

1
1

1
2

19,235

62,051

18,726

13,302

12,155

23,403

12,531

63,097

13,554

16,832

222,831

18,205

27,719

64,299

10

11

12

13

14

15

16

17

18

19

1
1

1
4
2
8

1
1
1

2
1

20,479

29
27

20

692,655
Total

8
1

Life Limited Parts


12345678910 Guaranteed Engine #1 Maintenenance Plan Cost

12345-

Engine Restoral
Overhaul/Inspection
H.S.I
Overhaul

Engine #2

$
Year

87,888

90,525

93,240

96,038

98,919

101,886
6

104,943
7

108,091
8

111,334
9

114,674

118,114

121,658

125,307

129,066

132,938

136,927

141,034

145,265

149,623

154,112

10

11

12

13

14

15

16

17

18

19

20

1
1

2,361,583
Total

8
1

Life Limited Parts


12345678910 Engine #2 Restoral Cost

12345-

Engine Restoral
Overhaul/Inspection
H.S.I
Overhaul

$
Year

87,888

90,525

93,240

96,038

98,919

101,886
6

104,943
7

108,091
8

111,334
9

114,674

118,114

121,658

125,307

129,066

132,938

136,927

141,034

145,265

149,623

154,112

10

11

12

13

14

15

16

17

18

19

20

2,361,583

114,674

118,114

121,658

125,307

129,066

132,938

136,927

141,034

145,265

149,623

154,112

10

11

12

13

14

15

16

17

18

19

20

Total

114,674

118,114

121,658

125,307

129,066

132,938

136,927

141,034

145,265

149,623

154,112

2,361,583

Total

Life Limited Parts


12345678910 Engine #3 Restoral Cost

12345-

Engine Restoral
Overhaul/Inspection
H.S.I
Overhaul

$
Year

87,888

90,525

93,240

96,038

98,919

87,888

90,525

93,240

96,038

98,919

101,886
6

104,943
7

108,091
8

111,334
9

2,361,583

Life Limited Parts


12345678910 Engine #4 Restoral Cost

101,886

104,943

108,091

111,334

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Residual Value Analysis

Residual Value Analysis


For:
Aircraft:

John Smith

8-Nov-12

Bombardier Learjet 24E


with ( 2 ) General Electric CJ 610-6

Registration Number:

N123

Serial Number:

123

Year:

1978

Acquisition:
Resale Value Adjustment
Program length:
Currency:

Purchase
Betterment & Detriment
20 Years
$

Inflation - General:
Inflation - Parts

3% per Year
4% per Year

Type of operation:

Corporate

Base of operation:

Texas

The following state taxes or fees are not included in the analysis but may be applicable.
See the 'State Tax Guide for General Aviation' published by Conklin & de Decker for details.
- Personal Property Tax

- State Sales/Use Tax =

6.25%

Copyright 2012, Conklin and de Decker Associates, Inc. PO Box 1142, Orleans, MA 02653 (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Residual Value Analysis

Residual Value Summary


For:

8-Nov-12

20-Year Residual Value Trend

Adjusted Value
Base Value

John Smith

Aircraft:

800,000

Bombardier Learjet 24E with ( 2 ) CJ 610-6

700,000

Year:

1978
600,000

Purchase price:

265,000

Program length:

20 Years

Acquisition:

Purchase

Type of operation:

Corporate

Avg Flight Hrs per Yr

400 Hours

Today:

Total Time
Total Cycles
Age (Yrs)
In 2032 Total Time
Total Cycles
Age (Yrs)

Adjusted Residual Value


in
2032
(Calculation Basis - Betterment & Detriment)
Assumptions:
Inflation
3.00%
Guaranteed Maint. Programs
- Engine
Yes
- Parts/components
No
- Avionics
No
- Aircraft
No
Analysis:
Base
$
148,697
Adjustments
- Major Inspections
(97,514)
- Component Overhaul
3,618
- Life Limited Parts Replacement
95,609
- Engine Restoral
Adjusted Resale Value
$
150,411

11,900
11,900
35
19,900
19,900
55

Equity Analysis

500,000
400,000
300,000
200,000
100,000
1

10

11

12

13

14

15

16

18

19

20

(200,000)
(300,000)
Year

Heavy Maintenance Budget


(Components/Engine/Major Inspections)

Adjusted Value
Remaining Balance

800,000

17

(100,000)

Heavy Mx Budget

1200000

700,000

1000000

600,000
500,000

800000
400,000
300,000

600000
200,000
100,000

400000

(100,000)

10

11

12

13

14

15

16

17

18

19

20

200000

(200,000)

(300,000)

1
Year

10

Year

Copyright 2012, Conklin and de Decker Associates, Inc. PO Box 1142, Orleans, MA 02653 (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

11

12

13

14

15

16

17

18

19

20

Residual Value Analysis

Residual Value Analysis - Inspections and Component Overhauls


Make/Model:
Program Assumptions:

Adjustments - Inspections
2400 Hour
12 Yr/7200 Hr
12000 Hour
6000 Landing

Exchange Rate:

1 / US$

Year
Starting

1
Nov - 2012
3.00%

2
Nov - 2013

Year

Total Inspection Betterment


Total Inspection Detriment
Total Inspection Adjustment
Adjustments - Component Overhaul
Stab Actuator
T/R (D Howard)
Generator (2)
Main Wheel NDT (2)
Nose Wheel NDT
Brakes (2)

$
Year

Total Component Overhaul Betterment


Total Component Overhaul Detriment
Total Component Overhaul Adjustment

with ( 2 ) CJ 610-6

Inflation/Year
Guaranteed Maint. Plan
- Engine
- Parts/components
- Avionics
- Aircraft
Annual Utilization
Residual Value Summary
Base Aircraft
$
Adjustments
- Major Inspections
- Component Overhaul
- Life Limited Parts Replacement
- Engine Restoral
Net Residual Value $

12345678910 11 12 13 14 15 16 17 18 19 20 -

8-Nov-12

(Version 12.2.4 Volume II, 2012)

Total Time

1978 Bombardier Learjet 24E


Currency:

12345678910 11 12 13 14 -

(Page 1)

Corporate

John Smith

3
Nov - 2014

11,900

Avg Utilization:

400

Hrs/Yr

Total Years

Program Length:

20

Years

Total Landings

4
Nov - 2015

5
Nov - 2016

6
Nov - 2017

7
Nov - 2018

8
Nov - 2019

35
11,900
9
Nov - 2020

Yes
No
No
No
400

400

400

400

400

400

400

400

400

251,750

245,655

238,968

231,658

223,695

215,045

208,840

205,327

201,416

67,957
5,997
73,262
398,966

344,024
9,045
62,234
660,958

312,227
(2,604)
55,264
603,855

274,119
633
43,328
549,738

229,225
(7,976)
28,397
473,341

177,047
183
21,424
413,698

137,952
8,647
53,684
409,122

70,898
(522)
45,049
320,753

(5,049)
(1,533)
30,135
224,969

4
(2,165)
95,475
128,060
52,748
276,283
(2,165)
274,119

5
(5,383)
69,038
124,345
41,224
234,608
(5,383)
229,225

6
(9,005)
38,671
119,455
27,926
186,052
(9,005)
177,047

5,325
(148,218)
133,000
77,850
216,174
(148,218)
67,957
1

3,165
137,602
132,307
70,950
344,024
344,024
2

(0)
5,437
2,810
(102)
125
(2,273)
8,373
(2,375)
5,997

1,226
3,111
1,241
147
43
3,277
9,045
9,045

676
118,246
130,687
62,619
312,227
312,227
3
(1,263)
641
(426)
(65)
(44)
(1,447)
641
(3,245)
(2,604)

4
(0)
(1,981)
(2,194)
201
137
4,470
4,808
(4,174)
633

5
1,339
(4,760)
(4,067)
(23)
47
(512)
1,386
(9,362)
(7,976)

6
(1,380)
(7,704)
3,258
261
(48)
5,796
9,315
(9,132)
183

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

7,835
4,094
113,296
12,727
137,952
137,952
7

4,624
(34,990)
105,771
(4,507)
110,396
(39,497)
70,898
8

(0)
6,493
1,438
24
149
542
8,647
(0)
8,647

1,463
3,715
(494)
(226)
51
(5,032)
5,230
(5,752)
(522)

9
982
(78,890)
96,778
(23,919)
97,760
(102,809)
(5,049)
9
(1,508)
765
(2,543)
78
(53)
1,727
2,570
(4,103)
(1,533)

Residual Value Analysis

Residual Value Analysis - Inspections and Component Overhauls

(Page 2)
Residual Value Calculation includes:

1978

Bombardier Learjet 24E

Betterment & Detriment


10
Nov - 2021

11
Nov - 2022

12
Nov - 2023

13
Nov - 2024

14
Nov - 2025

15
Nov - 2026

16
Nov - 2027

17
Nov - 2028

18
Nov - 2029

19
Nov - 2030

20
Nov - 2031

Program Assumptions:
Inflation/Year
Guaranteed Maint. Plan
- Engine
- Parts/components

400

400

400

400

400

400

400

400

400

400

400

197,086

192,314

187,079

181,357

175,123

168,351

165,145

161,594

157,682

153,389

148,697

(90,506)
(11,256)
12,746
108,070

(186,122)
2,940
4,056
13,188

(292,581)
(12,525)
(15,783)
(133,810)

(380,951)
12,098
7,767
(179,729)

157,081
1,203
(13,177)
320,230

53,075
51
(32,995)
188,482

362,879
1,009
123,634
652,667

257,147
5,506
106,738
530,986

138,552
(12,900)
96,171
379,505

47,248
(1,227)
114,684
314,095

(97,514)
3,618
95,609
150,411

10
(3,123)
(127,935)
86,207
(45,655)
86,207
(176,714)
(90,506)

11
(7,721)
(182,471)
73,944
(69,875)
73,944
(260,066)
(186,122)

12
(12,845)
(242,860)
59,867
(96,742)
59,867
(352,448)
(292,581)

13
11,119
(309,486)
43,849
(126,432)
54,967
(435,918)
(380,951)

14
6,531
283,923
25,754
(159,127)
316,208
(159,127)
157,081

15
1,380
241,275
5,442
(195,021)
248,097
(195,021)
53,075

16
(4,371)
192,777
(17,239)
191,712
384,489
(21,610)
362,879

17
(10,763)
138,025
(42,444)
172,329
310,354
(53,207)
257,147

18
(17,836)
76,594
(70,341)
150,134
226,729
(88,177)
138,552

19
15,382
8,037
(101,103)
124,933
148,351
(101,103)
47,248

11
1,599
(5,684)
3,777
137
56
3,054
8,623
(5,684)
2,940

12
(1,647)
(9,199)
1,667
(142)
(58)
(3,146)
1,667
(14,193)
(12,525)

14
1,747
4,436
(2,948)
(90)
61
(2,003)
6,245
(5,041)
1,203

15
(1,800)
914
(5,466)
278
(63)
6,187
7,380
(7,329)
51

16

17
1,910
(6,787)
1,933
361
67
8,023
12,293
(6,787)
5,506

18
(1,967)
(10,985)
(664)
34
(69)
751
784
(13,684)
(12,900)

10
(0)
(2,365)
(4,715)
(187)
163
(4,152)
163
(11,419)
(11,256)

13
(0)
7,752
(573)
204
178
4,536
12,671
(573)
12,098

(0)
(2,824)
4,379
(32)
195
(709)
4,573
(3,565)
1,009

19
(0)
9,257
(3,418)
(313)
213
(6,965)
9,470
(10,696)
(1,227)

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

20
9,003
(68,120)
(134,915)
96,519
105,521
(203,035)
(97,514)
20
2,087
5,297
(6,336)
108
73
2,391
9,955
(6,336)
3,618

- Aircraft
Annual Utilization
Residual Value Summary
Base Aircraft
Adjustments
- Major Inspections
- Component Overhaul
- Life Limited Parts Replacement
- Engine Restoral
Net Residual Value
Inspections
2400 Hour
12 Yr/7200 Hr
12000 Hour
6000 Landing

Total Inspection Adjustment


Component Overhaul
Stab Actuator
T/R (D Howard)
Generator (2)
Main Wheel NDT (2)
Nose Wheel NDT
Brakes (2)

Total Comp. Overhaul Adjustment

Residual Value Analysis

Residual Value Analysis - Life Limited Parts and Engine Overhauls

Make/Model:
Currency:

Bombardier Learjet 24E

Exchange Rate:
Year
Starting

Name
NG Gear Strut Actuators
MG Gear Strut Actuators (
Control Syst Cables
Spoiler Ass'y
Generator Bearing (2)
Windshield (2)
Main Tire (2)
Nose Tire

Total Life Limited Parts Betterment


Total Life Limited Parts Detriment
Total Life Limited Parts Adjustment

12345-

8-Nov-12

(Version 12.2.4 Volume II, 2012)

Total Time

1978

Adjustments - Life Limited Part Replacement

12345678910 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 -

(Page 1)

Corporate

John Smith

Engine Restoral
Engine #1
Overhaul/Inspection Adjustment
H.S.I
Overhaul

$
Year

with ( 2 ) CJ 610-6

1 / US$
1
Nov - 2012
(4,738.02)
12,239.90
8,699.90
1,441.62
1,217.94
54,560.00
(359.15)
199.99
78,359.35
(5,097.17)
73,262.18
1

2
Nov - 2013
(5,728.88)
8,404.69
4,978.23
(495.02)
(1,254.60)
55,743.60
517.75
68.65
69,712.93
(7,478.51)
62,234.43
2

12,619.37
12,919.35
-

3
Nov - 2014
(6,774.93)
4,328.36
1,025.43
(2,549.16)
2,584.29
56,949.11
(228.64)
(70.74)
64,887.20
(9,623.46)
55,263.73
3

(12,999.25)
(13,308.27)
-

4
Nov - 2015
(7,878.58)
(0.11)
(3,169.01)
(4,726.10)
(0.07)
58,176.79
706.24
218.53
59,101.55
(15,773.87)
43,327.68
4

26,776.45
(41,121.17)
-

400

Hrs/Yr

Total Years

Program Length:

20

Years

Total Landings

5
Nov - 2016

6
Nov - 2017

(9,042.36)
(4,592.19)
(7,616.05)
(7,031.36)
(2,741.81)
59,426.87
(80.90)
75.02
59,501.88
(31,104.67)
28,397.22

(10,268.87)
(9,459.79)
(12,327.06)
(9,470.68)
1,411.93
60,699.59
915.76
(77.30)
63,027.28
(41,603.71)
21,423.57

(0.69)
(70,590.87)
-

11,900

Avg Utilization:

(28,408.55)
(101,791.74)
-

7
Nov - 2018
(11,560.84)
(14,615.32)
10,388.14
8,607.07
(1,454.43)
61,995.20
85.69
238.79
81,314.88
(27,630.59)
53,684.30
7

14,629.31
(134,801.14)
-

35

8
Nov - 2019
(12,921.08)
(20,071.67)
5,944.27
6,501.19
2,995.90
63,313.91
(795.02)
81.98
78,837.24
(33,787.76)
45,049.48
8

(15,069.69)
(169,699.48)
-

11,900
9
Nov - 2020
(14,352.53)
(25,842.24)
1,224.42
4,261.21
(0.08)
64,655.94
272.86
(84.47)
70,414.44
(40,279.32)
30,135.12
9

31,041.24
190,678.85
-

(0.80)
163,665.88
-

Life Limited Parts Adjustment


12345678910 Engine Restoral Adjustment Covered by Engine Plan

25,539

(26,308)

(14,345)

(70,592)

(130,200)

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

(120,172)

(184,769)

221,720

163,665

Residual Value Analysis

Residual Value Analysis - Life Limited Parts and Engine Overhauls

(Page 2)
Residual Value Calculation includes:

1978

Bombardier Learjet 24E

Betterment & Detriment

10
Nov - 2021
(15,858.24)
(31,940.98)
(3,783.97)
1,880.99
(3,178.51)
66,021.52
(656.02)
260.94
68,163.45
(55,417.72)
12,745.73
10

11
Nov - 2022
(17,441.37)
(38,382.39)
(9,093.96)
(645.89)
1,636.81
67,410.85
482.51
89.58
69,619.74
(65,563.62)
4,056.12
11

(32,933.30)
134,860.51
101,927

12
Nov - 2023
(19,105.22)
(45,181.53)
(14,719.15)
(3,326.07)
(1,686.08)
68,824.11
(497.15)
(92.30)
68,824.11
(84,607.51)
(15,783.41)
12

16,959.38
104,179.53
121,139

13
Nov - 2024
(20,853.21)
(52,354.09)
12,403.98
(6,166.48)
3,473.07
70,261.50
716.69
285.13
87,140.37
(79,373.78)
7,766.59
13

(17,469.90)
71,536.31
-

14
Nov - 2025
(22,688.88)
(59,916.33)
7,097.77
(9,174.33)
(0.09)
71,723.19
(316.49)
97.88
78,918.84
(92,096.10)
(13,177.26)
14

35,985.31
36,840.74
-

54,066

72,826

15
Nov - 2026
(24,615.92)
(67,885.18)
1,462.02
(12,357.09)
(3,684.76)
73,209.34
977.60
(100.86)
75,648.96
(108,643.81)
(32,994.85)
15

(0.93)
(0.95)
(2)

16
Nov - 2027
(26,638.16)
66,743.17
(4,518.26)
11,230.27
1,897.51
74,720.12
(111.98)
311.57
154,902.64
(31,268.39)
123,634.24
16

(38,178.72)
(39,086.30)
-

17
Nov - 2028
(28,759.58)
62,198.26
(10,858.67)
8,482.58
(1,954.63)
76,255.65
1,267.63
106.96
148,311.07
(41,572.88)
106,738.19
17

19,660.57
(80,516.76)
-

(77,265)

(60,856)

18
Nov - 2029
(30,984.32)
57,320.59
(17,575.44)
5,559.92
4,026.24
77,816.07
118.61
(110.21)
144,841.42
(48,669.97)
96,171.45
18

(20,252.41)
(124,397.88)
(144,650)

19
Nov - 2030
(33,316.65)
52,094.28
14,811.00
2,454.26
(0.10)
79,401.48
(1,100.49)
340.46
149,101.48
(34,417.24)
114,684.24
19

41,716.83
(170,839.40)
-

(129,123)

(219,957)

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

(35,761.04)
46,502.80
8,475.11
(842.74)
(4,271.65)
81,011.98
377.70
116.88
136,484.47
(40,875.43)
95,609.04
20

(1.07)
(219,955.45)
-

20
Nov - 2031

Adjustments Life Limited Part Replacement


NG Gear Strut Actuators
MG Gear Strut Actuators (2)
Control Syst Cables
Spoiler Ass'y
Generator Bearing (2)
Windshield (2)
Main Tire (2)
Nose Tire

Total Life Limited Part Cost


Engine Restoral

(44,259.60)
(271,864.71)
(316,124) Total Engine Restoral Adjustment

Life Cycle Cost and Budget Analysis


Maintenance Input Data

Bombardier Learjet 24E

with

General Electric CJ 610-6

(Version 12.2.4 Volume II, 2012)

Labor MH/FH
Aircraft

9.78 MH/FH

Parts
Aircraft

0.00

Other:

$ / FH
636.87 /FH

Database Date:
Jul-12
GMP

Other:

Guaranteed Maintenance Plans


Engine:

Cost/FH
Thru Year
Thru Hours

Step 1
411
40
1,000

Step 2
432
50
5,000

0.00

Step 3
439
60

Step 4

Step 5

Cycles

Years

Step 6

Parts:

Avionics:

Aircraft:

Inspections
Name:
Recurring

1
2
3
4
5
6
7
8
9
10
11
12
One Time 1
2

2400 Hour
12 Yr/7200 Hr
12000 Hour
6000 Landing

Component Overhaul
Name:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Stab Actuator
T/R (D Howard)
Generator (2)
Main Wheel NDT (2)
Nose Wheel NDT
Brakes (2)

Insp. Cost
Inspection Cycle
(Current Cost)
Start (Hrs)
14,200
302,000
280,000
173,000

Frequency
Hours
2400
7200
12000

Overhaul Cost Prem Removals


(Current Cost)
/1000 HR
3,570
14,500
8,030
450
250
10,000

Frequency
Hours
600
2400
2000

12
6000

Cycles

275
300
275

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA. (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Years

Time Since Last Inspection


Hours
Cycles
2,300
4,700
11,900
5,900

Time Since Overhaul


Hours
Cycles
500
2,300
1,900
75
200
75

Months
130.55

Months

Life Cycle Cost and Budget Analysis

Life Limited Parts


1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

Name:
NG Gear Strut Actuators
MG Gear Strut Actuators (2)
Control Syst Cables
Spoiler Ass'y
Generator Bearing (2)
Windshield (2)
Main Tire (2)
Nose Tire

The cost of engine heavy maintenance is included in the Engine Guaranteed Maintenance Plan
Engine Restoral/Heavy Maintenance
General Electric
Engine #1
Name:
Inspection
1 H.S.I
$
2 Overhaul
3
4
5
Replacement 1
2
3
4
5
6
7
8
9
10

Parts Cost
Prem Removals
(Current Cost)
/1000 HR
41,200
91,800
23,200
17,300
6,090
110,000
0.14
1,580
400

Total Cost
Prem Removals
(Current Cost)
/1000 HR
63,100
323,000

Frequency
Hours

Cycles
20000
9000

Years

2400
3600
1000
275
300

Hours
1000
5000

Frequency
Cycles

Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA. (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

Time Since Last Replacement


Hours
Cycles
Months
11,900
2,900
2,300
1,100
900
75
200

Years

Time/Cycles Since Last Restoral


Hours
Cycles
Months
900
1,900

Life Cycle Cost and Budget Analysis


Input Data

Currency:
Exchange Rate =
Customer:

Type of Operation:

John Smith

Date of Analysis:

$
1 / US$
Corporate

8-Nov-12
Type of Analysis:

Aircraft:
Engines:

Bombardier Learjet 24E


( 2 ) CJ 610-6

Current Status:
Total Time Since New:
Year Manufactured:
Total Cycles Since New:

11900
1978
11900

Base of Operation:

Texas

Program Length (Years):


Average Flight Hours/Yr:
Cycles per Flt Hr (Airframe):
Cycles per Flt Hr (Engine):
Acquisition Cost - Purchase:
Purchase Price
State Sales Tax/VAT
Training/Spares/Other
Refurb/Modification
Trade-in
Total

Acquisition Method:

Purchase

Depreciation Method:

Straightline

Term (Years)
Residual Value (%)

30
15

20
400
1.00
1.00

265,000
265,000

Revenue Data:
Charter Revenue per Month
Charter Revenue per Hour
Fuel Surcharge per Hour
Variable Cost Input:
Fuel Cost
Maintenance Labor Rate
CO2 Emission (Metric Tonnes)
CO2 Offset Cost
Fixed Cost Input
Salaries/Aircraft
Crew/Aircraft Ratio
Pilots/Cockpit Crew
Flight Attendants
Maintenance Technicians
Other
Benefits (% of Salaries):
Training Cost
Operations Overhead
Administrative Overhead
Operations Overhead
Administrative Overhead

Financial Analysis

$
$
$

$
$

6.86
93.00
3.03
-

$
$
$
$
$

$
$

1.0
140,000
30%
17,200
0%
0%
-

Aircraft Value:
Resale Value (Base) with Inflation:
Registration Fee/Yr:
State Use Tax/Yr:
Property Tax/Yr
Brokerage Fee:
Financial Data:
Inflation - General
Inflation - Parts
Desired ROI
Corp Tax Rate
Capital Gains Tax
Fuel Consumption (Gallon)
Other Variable Cost
ATC & Navigation Fees
Landing & Parking Fees
Crew Expenses
Small Supplies/Catering
Hangar Cost

$
$

265,000
56.1%
0
0
0
4,461

$
$
$
$

3.00%
4.00%
0.0%
0.0%
0.0%
316
$

14
65
30

22,300

Nav & Weather Service


Other Fixed Cost
Insurance: Hull (% of Insured Value)
Insurance: Liability
Modernization
Refurbishing Cost
Computer Maint Mgmt System

$
$
$
$
$

Copyright 2012, Conklin and de Decker Associates, Inc. Orleans, MA (508) 255 5975 www.conklindd.com
The information in this report is an estimate only, not a guarantee of future results.

5,279
1.19%
10,500
45,000
13,950
3,750