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The economic case
A typical private aviator may fly as many as 50 hours per year, but this would be a high figure and most will probably be doing well at half this amount.
Taking the hull value of the Bonanza at £150,000 and the Baron at £200,000 would generate fixed ownership costs roughly as follows:
Bonanza (£) Baron (£)
Cost of capital, say 7% 10,500 14,000
Insurance 4,500 5,600
Depreciation, say 5% 7,500 10,000
Hangarage (typical) 4,000 6,000
Annual engineering costs 3,000 5,000
CAA costs, annualised 500 700
Total annual fixed costs 30,000 41,300
Therefore, the average owner is probably paying in excess of £1,000
per hour before even turning a prop.
Add to this the harm low utilisation usually brings to an aircraft and the argument for sole ownership starts to rapidly dwindle .
