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Life Cycle Cost
Copyright 2012, Conklin de Decker Associates, Inc. Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
Cost per Hour 8-Nov-12
John Smith Type of Operation: Corporate
Make/Model: 1978 Bombardier Learjet 24E with ( 2 ) CJ 610-6 Acquisition: Purchase
Program Length: 20 Years Currency: $ Exchange Rate: 1 / US$
Fuel $ 2,912 Pilot/Cockpit Crew $ 470 Fuel Additives/Lubricants 21 Flight Attendants - CO2 Offset Cost - Maintenance Technicians - Maintenance Labor 910 Other - Maintenance Labor - Other - Benefits 141 Parts 637 Hangar 75 Parts - Other - InsuranceInspections 247 Hull 11 Engine Restoral - Liability 35 Engine Guaranteed Mx Plan 590 MiscellaneousParts Guaranteed Mx Plan - Training Pilot/Maintenance 58 Airframe Guaranteed Mx Plan - Management Fee - Avionics Guaranteed Mx Plan - Annual Use Tax (Lease Only) - Component Overhaul (All) 75 Property Tax - Life Limited Components (All) 87 Registration Fee - Other Variable Cost - Brokerage Fee 1 ATC & Navigation Fees - New Int/Paint/Avionics - Landing & Parking Fees 19 Modernization 151 Crew Expenses 87 Nav/Weather Services 18 Small Supplies 40 Comp. Maintenance Service 13
Refurbishing 47 Other Fixed Cost -
Total Direct Cost per Hour - 20 Year Average: $ 5,625 Total Fixed Cost per Hour - 20 Year Average: $ 1,019
Program Data: Other Costs (Average):
Inflation - General % 3.00 Finance/Lease Cost $ - Inflation - Parts % 4.00 Aircraft Cash Payment/Resale 14 Program Length (Years) 20 Final Payment/Loan Payoff - Avg Utilization (Hours/Year) 400 Operations Overhead - Fuel Cost per Gallon $ 6.86 Administrative Overhead (G & A) - Maintenance Labor Cost per Hour $ 93.00 Maint. Labor Hours/Flight Hour (Ave) 9.78 Block Speed (Kts) 438 Total Annual Cost per Hour - 20 Year Average: $ 6,659 Costs shown exclude all taxes and depreciation Total Annual Cost per NM - 20 Year Average: $ 15.19
Life Cycle Cost
Copyright 2012, Conklin and de Decker Associates, Inc. PO Box 1142, Orleans, MA 02653 (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
Life Cycle Cost Analysis For: John Smith 8-Nov-12
Aircraft: Bombardier Learjet 24Ewith ( 2 ) General Electric CJ 610-6
Registration: N123Serial Number: 123
Year: 1978
Acquisition: Purchase
Program length: 20 Years
Currency: $
Inflation - Genral: 3% per YearInflation - Parts 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%
Life Cycle Cost
Copyright 2012, Conklin and de Decker Associates, Inc. PO Box 1142, Orleans, MA 02653 (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
Executive Summary 8-Nov-12
For: John Smith
Aircraft: Bombardier Learjet 24E 20 Years Per Hour Engines: ( 2 ) CJ 610-6 Cash Expenses 3 % Inflation Year: 1978 Acquisition $ (265,000)
Variable Cost (45,001,995) (5,625) Purchase price: $ 265,000 Fixed Cost (8,153,106) Overhead - Finance/Lease Cost - Depreciation: Straightline Acquisition: Purchase Income Charter Revenue $ - Resale Value - Adjusted 150,411 Program length: 20 Years Cash Flow Type of operation: Corporate Pre Tax $ (53,269,690) (6,659) After Tax (0 % Tax Rate) (53,269,690) (6,659) Total flight hours: 8000 Hours Negative Cash Flow 20 Years
Life Cycle Cost
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.
ANNUAL COST SUMMARY (Version 12.2.4 Volume II, 2012)
John Smith Type of Operation: Corporate 8-Nov-12
Make/Model: Bombardier Learjet 24E with ( 2 ) CJ 610-6
Total $ 265,000 Airframe Status: Total Hours Lease/Finance Payments: Total Cycles Avg. Finance Cost/Yr $ - Year Manufactured: Final Payment -
Lease Cost/Yr - Inflation - General: /YearInflation - Parts /Year Insured Value: $ 265,000 Life Cycle Cost Total: Program Total Cost/Hour Cost/N. Mi.
Owned Aircraft, Current Value $ -
Total Acquisition Cost $ 265,000
Total Variable Cost $ 45,001,995 5,625 12.83
Total Fixed Cost $ 8,153,106
Resale Value (Adjusted) $ (150,411)
Total Finance/Lease Cost $ -
Ops + Admin Overhead $ -
Total Cost 53,269,690 6,659 15.19 Annual Budget: Year 1 $ 2,251,243 Year 11 $ 2,550,235 Starting: Year 2 2,132,857 Year 12 2,604,641
Year 3 1,868,424 Year 13 2,824,402 Year 4 1,950,412 Year 14 3,478,390 Year 5 2,010,055 Year 15 2,931,736 Year 6 2,113,030 Year 16 3,676,648 Year 7 2,255,932 Year 17 3,164,465 Year 8 2,255,965 Year 18 3,270,282 Year 9 2,344,235 Year 19 3,502,407
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
ANNUAL COST (Page 1) 8-Nov-12 (Version 12.2.4 Volume II, 2012)
John Smith Corporate
Make/Model: 1978 Bombardier Learjet 24E with ( 2 ) CJ 610-6 Acquisition: Purchase Avg Utilization: 400 Hours/Year
Aircraft Value:$ 265,000 Residual Value:$ 150,411 Currency: $ Exchange Rate 1 / US$ Inflation - General: 3% per Year
Variable Cost Year 1 2 3 4 5 6 7 8 9 10 11Starting Nov - 2012 Nov - 2013 Nov - 2014 Nov - 2015 Nov - 2016 Nov - 2017 Nov - 2018 Nov - 2019 Nov - 2020 Nov - 2021 Nov - 2022
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
(Page 2) ANNUAL COST
1978 Bombardier Learjet 24E
- Parts: 4% per Year
12 13 14 15 16 17 18 19 20 Total YearNov - 2023 Nov - 2024 Nov - 2025 Nov - 2026 Nov - 2027 Nov - 2028 Nov - 2029 Nov - 2030 Nov - 2031
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA. (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
FINANCIAL ANALYSIS (Page 1) 8-Nov-12 (Version 12.2.4 Volume II, 2012)
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA. (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
(Page 2) FINANCIAL ANALYSIS
1978 Bombardier Learjet 24E
4% per Year
11 12 13 14 15 16 17 18 19 20 Total YearNov - 2022 Nov - 2023 Nov - 2024 Nov - 2025 Nov - 2026 Nov - 2027 Nov - 2028 Nov - 2029 Nov - 2030 Nov - 2031
(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) $ (53,269,690) Net Present Value
Life Cycle Cost
Copyright 2012, Conklin and de Decker Associates, Inc. PO Box 1142, Orleans, MA 02653 (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
Maintenance Cost Matrix 8-Nov-12
For: John Smith Inflation: 3.00 %/Year
Aircraft: Bombardier Learjet 24E Engines: ( 2 ) CJ 610-6 Program length: 20 Years Year: 1978 Type of operation: Corporate Currency $ Flight hours/Year 400 Hours Average $/Hr Maint Cost Fuel & Other Total Variable Average $/Hr Maint Cost Fuel & Other Total VariableThis Analysis 2,546 3,080 5,625 This Analysis 2,546 3,080 5,625
Matrix -- 5-Year Average Cost * Matrix -- Average Cost for Program Duration*Year 1 - 5 1,860 2,418 4,278 Year 1 - 5 1,860 2,418 4,278Year 6 - 10 1,904 2,803 4,708 Year 1 - 10 1,882 2,611 4,493Year 11 - 15 2,757 3,250 6,007 Year 1 - 15 2,174 2,824 4,998Year 16 - 20 3,356 3,768 7,124 Year 1 - 20 2,469 3,060 5,529* No Warranty Available
265,0000 0
0000
4000000.00
Program (0 % ROI)3
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Year 1 - 5 Year 6 - 10 Year 11 - 15 Year 16 - 20
Maintenance Cost - 5 Year Average
0
500
1,000
1,500
2,000
2,500
3,000
Year 1 - 5 Year 1 - 10 Year 1 - 15 Year 1 - 20
Maintenance Cost - Average for Program Duration
Budget Analysis
Copyright 2012, Conklin and de Decker Associates, Inc. PO Box 1142, Orleans, MA 02653 (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
Operating Budget For: John Smith 8-Nov-12
Aircraft: Bombardier Learjet 24E
Engine: ( 2 ) General Electric CJ 610-6
Registration: N123
Serial Number: 123
Year: 1978
Budget Year Start: Nov - 2012
Currency: $
Inflation - General: 3% per YearInflation - Parts: 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%
Budget Analysis
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.
May 2013 0 (150,110)Jun 2013 0 (141,510)Jul 2013 0 (141,510)
Aug 2013 0 (141,510)Sep 2013 0 (141,510)Oct 2013 0 (142,160)
141,510 141,510 141,510 142,160
664,750 141,510 141,510 153,540 150,110 141,510
187,604
(187,604)Revenues Expenses
415,110 141,510
Average/Month
0
162,343
25,261
0
0
119001978
11900
3.00%4.00%
Total for Year
331.0
93.006.86
(800,000)
(600,000)
(400,000)
(200,000)
-
200,000
400,000
600,000
800,000
1 2 3 4 5 6 7 8 9 10 11 12
Month
Monthly Budget
Revenue
Expense
Profit/Loss
-
100,000
200,000
300,000
400,000
500,000
600,000
1 2 3 4 5 6 7 8 9 10 11 12
Month
Monthly Maintenance Budget
Maint. Exp.
Budget Analysis
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
MONTHLY BUDGET Nov 2012 through Oct 2013 (Version 12.2.4 Volume II, 2012) 8-Nov-12
John Smith Corporate
Make/Model: 1978 Bombardier Learjet 24E N123 First Year Utilization: 400 Hours Revenue Hrs: 0 Hours/Yr
Aircraft Value:$ 265,000 Acquisition: Purchase Inflation: 3% per Year Currency: $ Exchange Rate 1 / US$
Revenue Month Nov 2012 Dec 2012 Jan 2013 Feb 2013 Mar 2013 Apr 2013 May 2013 Jun 2013 Jul 2013 Aug 2013 Sep 2013 Oct 2013 Total
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
12 Month Maintenance Budget - Inspections and Component Overhauls Nov 2012 through Oct 2013
John Smith Corporate 8-Nov-12 At Start: Total Time 11,900
1978 Bombardier Learjet 24E with ( 2 ) CJ 610-6 N123 Total Years 35
Currency: $ Exchange Rate: 1 / US$ First Yr Utilization: 400 Hrs Total Landings 11,900
Maintenance Cost Summary Month Nov 2012 Dec 2012 Jan 2013 Feb 2013 Mar 2013 Apr 2013 May 2013 Jun 2013 Jul 2013 Aug 2013 Sep 2013 Oct 2013 TotalMaintenance Labor $ 16,057 16,057 16,057 16,057 16,057 16,057 16,057 16,057 16,057 16,057 16,057 16,057 $ 192,688 Maintenance Labor - Other - Parts 10,057 10,057 10,057 10,057 10,057 10,057 10,057 10,057 10,057 10,057 10,057 10,057 120,686 Parts - Other - Inspections 467,200 467,200 Engine Restoral - Engine Guaranteed Mx Plan 14,648 14,648 14,648 14,648 14,648 14,648 14,648 14,648 14,648 14,648 14,648 14,648 175,776 Parts Guaranteed Mx Plan - Airframe Guaranteed Mx Plan - Avionics Guaranteed Mx Plan - Component Overhaul (All) 26,350 10,450 250 37,050 Life Limited Components (All) 513 513 30,203 513 513 2,093 513 513 513 513 513 913 37,830
Inspections Month Nov 2012 Dec 2012 Jan 2013 Feb 2013 Mar 2013 Apr 2013 May 2013 Jun 2013 Jul 2013 Aug 2013 Sep 2013 Oct 2013 Total1 - 2400 Hour 1 12 - 12 Yr/7200 Hr 3 - 12000 Hour 1 14 - 6000 Landing 1 15 - 6 - 7 - 8 - 9 - 10 - 11 - 12 - 13 - 14 -
Total Inspection Cost $ 467,200 $ 467,200
Component Overhaul Month Nov 2012 Dec 2012 Jan 2013 Feb 2013 Mar 2013 Apr 2013 May 2013 Jun 2013 Jul 2013 Aug 2013 Sep 2013 Oct 2013 Total1 - Stab Actuator 1 12 - T/R (D Howard) 1 13 - Generator (2) 1 14 - Main Wheel NDT (2) 1 15 - Nose Wheel NDT 1 1 26 - Brakes (2) 1 17 - 8 - 9 - 10 - 11 - 12 - 13 - 14 - 15 - 16 - 17 - 18 - 19 - 20 -
Total Component Overhaul Cost $ 26,350 10,450 250 $ 37,050
(Version 12.2.4 Volume II, 2012)
Budget Analysis
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
20 YEAR BUDGET FORECAST 8-Nov-12 (Version 12.2.4 Volume II, 2012) Page 1
John Smith Corporate
Make/Model: 1978 Bombardier Learjet 24E with ( 2 ) CJ 610-6 Acquisition: Purchase Avg Utilization: 400 Hours/Year
Aircraft Value:$ 265,000 Residual Value:$ 150,411 Currency: $ Exchange Rate 1 / US$ Inflation - General: 3% per Year
Revenue Year 1 2 3 4 5 6 7 8 9 10 11Starting Nov - 2012 Nov - 2013 Nov - 2014 Nov - 2015 Nov - 2016 Nov - 2017 Nov - 2018 Nov - 2019 Nov - 2020 Nov - 2021 Nov - 2022
Fixed Cost Year 1 2 3 4 5 6 7 8 9 10 11Starting Nov - 2012 Nov - 2013 Nov - 2014 Nov - 2015 Nov - 2016 Nov - 2017 Nov - 2018 Nov - 2019 Nov - 2020 Nov - 2021 Nov - 2022
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
Page 2 20 YEAR BUDGET FORECAST
1978 Bombardier Learjet 24E
Corporate
- Parts: 4% per Year
12 13 14 15 16 17 18 19 20 Total RevenueNov - 2023 Nov - 2024 Nov - 2025 Nov - 2026 Nov - 2027 Nov - 2028 Nov - 2029 Nov - 2030 Nov - 2031
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
20 Year Maintenance Budget - Inspections and Component Overhauls (Page 1) 8-Nov-12 (Version 12.2.4 Volume II, 2012)
John Smith Corporate Total Time 11,900
Make/Model: 1978 Bombardier Learjet 24E with ( 2 ) CJ 610-6 Avg Utilization: 400 Hrs/Yr Total Years 35
Currency: $ Exchange Rate: 1 / US$ Program Length: 20 Years Total Landings 11,900 Infl
Maintenance Cost Summary Year 1 2 3 4 5 6 7 8 9 10Staring Nov - 2012 Nov - 2013 Nov - 2014 Nov - 2015 Nov - 2016 Nov - 2017 Nov - 2018 Nov - 2019 Nov - 2020 Nov - 2021
Maintenance Labor $ 192,688 206,151 220,249 235,007 250,452 266,613 283,517 301,196 319,681 339,004 Maintenance Labor - Other Parts 120,686 130,372 140,640 151,521 163,047 175,252 188,174 201,848 216,316 231,618 Parts - Other Inspections 467,200 323,101 20,894 Engine Restoral Engine Guaranteed Mx Plan 175,776 181,049 186,481 192,075 197,837 203,773 209,886 216,182 222,668 229,348 Parts Guaranteed Mx Plan Airframe Guaranteed Mx Plan Avionics Guaranteed Mx Plan Component Overhaul (All) 37,050 25,462 11,352 27,285 16,061 33,828 34,651 17,550 26,792 18,945 Life Limited Components (All) 37,830 10,109 15,391 11,384 9,523 19,235 62,051 18,726 13,302 12,155
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
(Page 2) 20 Year Maintenance Budget - Inspections and Component Overhauls
1978 Bombardier Learjet 24E
ation - General: 3% per Year - Parts: 4% per Year
11 12 13 14 15 16 17 18 19 20 Total YearNov - 2022 Nov - 2023 Nov - 2024 Nov - 2025 Nov - 2026 Nov - 2027 Nov - 2028 Nov - 2029 Nov - 2030 Nov - 2031
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
20 Year Maintenance Budget - Life Limited Parts and Engine Overhauls (Page 1) 8-Nov-12 (Version 12.2.4 Volume II, 2012) (Page 2) 20 Year Maintenance Budget - Life Limited P
John Smith Corporate Total Time 11,900 1978 Bombardier Learjet 24E
Make/Model: 1978 Bombardier Learjet 24E with ( 2 ) CJ 610-6 Avg Utilization: 400 Hrs/Yr Total Years 35
Currency: $ Exchange Rate: 1 / US$ Program Length: 20 Years Total Landings 11,900 Inflation - General: 3% per Year - Parts: 4% per Year
Life Limited Part Replacement Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 TotalStarting Nov - 2012 Nov - 2013 Nov - 2014 Nov - 2015 Nov - 2016 Nov - 2017 Nov - 2018 Nov - 2019 Nov - 2020 Nov - 2021 Nov - 2022 Nov - 2023 Nov - 2024 Nov - 2025 Nov - 2026 Nov - 2027 Nov - 2028 Nov - 2029 Nov - 2030 Nov - 2031
Copyright 2012, Conklin and de Decker Associates, Inc. PO Box 1142, Orleans, MA 02653 (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
Residual Value AnalysisFor: John Smith 8-Nov-12
Aircraft: Bombardier Learjet 24Ewith ( 2 ) General Electric CJ 610-6
Registration Number: N123Serial Number: 123
Year: 1978
Acquisition: Purchase
Resale Value Adjustment Betterment & Detriment
Program length: 20 Years
Currency: $
Inflation - General: 3% per YearInflation - Parts 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%
Residual Value Analysis
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 Summary 8-Nov-12
For: John Smith
Aircraft: Bombardier Learjet 24E with ( 2 ) CJ 610-6
Year: 1978
Purchase price: $ 265,000 Adjusted Residual Value in 2032
Program length: 20 Years Assumptions: Inflation 3.00%
Acquisition: Purchase Guaranteed Maint. Programs - Engine Yes - Parts/components No - Avionics No Type of operation: Corporate - Aircraft No Analysis: Avg Flight Hrs per Yr 400 Hours Base $ 148,697
AdjustmentsToday: Total Time 11,900 - Major Inspections (97,514)
Total Cycles 11,900 - Component Overhaul 3,618 Age (Yrs) 35 - Life Limited Parts Replacement 95,609
In 2032 Total Time 19,900 - Engine Restoral - Total Cycles 19,900 Adjusted Resale Value $ 150,411 Age (Yrs) 55
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
Residual Value Analysis - Inspections and Component Overhauls (Page 1) 8-Nov-12 (Version 12.2.4 Volume II, 2012)
John Smith Corporate Total Time 11,900
Make/Model: 1978 Bombardier Learjet 24E with ( 2 ) CJ 610-6 Avg Utilization: 400 Hrs/Yr Total Years 35
Currency: $ Exchange Rate: 1 / US$ Program Length: 20 Years Total Landings 11,900 Program Assumptions: Year 1 2 3 4 5 6 7 8 9
Starting Nov - 2012 Nov - 2013 Nov - 2014 Nov - 2015 Nov - 2016 Nov - 2017 Nov - 2018 Nov - 2019 Nov - 2020 Inflation/Year 3.00% Guaranteed Maint. Plan - Engine Yes - Parts/components No - Avionics No - Aircraft No Annual Utilization 400 400 400 400 400 400 400 400 400 Residual Value Summary Base Aircraft $ 251,750 245,655 238,968 231,658 223,695 215,045 208,840 205,327 201,416 Adjustments - Major Inspections 67,957 344,024 312,227 274,119 229,225 177,047 137,952 70,898 (5,049) - Component Overhaul 5,997 9,045 (2,604) 633 (7,976) 183 8,647 (522) (1,533) - Life Limited Parts Replacement 73,262 62,234 55,264 43,328 28,397 21,424 53,684 45,049 30,135 - Engine Restoral - - - - - - - - -
Net Residual Value $ 398,966 660,958 603,855 549,738 473,341 413,698 409,122 320,753 224,969
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
(Page 2) Residual Value Analysis - Inspections and Component OverhaulsResidual Value Calculation includes: 1978 Bombardier Learjet 24E
Betterment & Detriment
10 11 12 13 14 15 16 17 18 19 20 Program Assumptions:Nov - 2021 Nov - 2022 Nov - 2023 Nov - 2024 Nov - 2025 Nov - 2026 Nov - 2027 Nov - 2028 Nov - 2029 Nov - 2030 Nov - 2031
Inflation/Year Guaranteed Maint. Plan - Engine - Parts/components
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
Residual Value Analysis - Life Limited Parts and Engine Overhauls (Page 1) 8-Nov-12 (Version 12.2.4 Volume II, 2012)
John Smith Corporate Total Time 11,900
Make/Model: 1978 Bombardier Learjet 24E with ( 2 ) CJ 610-6 Avg Utilization: 400 Hrs/Yr Total Years 35
Currency: $ Exchange Rate: 1 / US$ Program Length: 20 Years Total Landings 11,900
Adjustments - Life Limited Part Replacement Year 1 2 3 4 5 6 7 8 9Starting Nov - 2012 Nov - 2013 Nov - 2014 Nov - 2015 Nov - 2016 Nov - 2017 Nov - 2018 Nov - 2019 Nov - 2020
Total Life Limited Parts Betterment 78,359.35 69,712.93 64,887.20 59,101.55 59,501.88 63,027.28 81,314.88 78,837.24 70,414.44 Total Life Limited Parts Detriment (5,097.17) (7,478.51) (9,623.46) (15,773.87) (31,104.67) (41,603.71) (27,630.59) (33,787.76) (40,279.32)
Total Life Limited Parts Adjustment $ 73,262.18 62,234.43 55,263.73 43,327.68 28,397.22 21,423.57 53,684.30 45,049.48 30,135.12
Engine Restoral Adjustment Covered by Engine Plan $ 25,539 (26,308) (14,345) (70,592) (130,200) (120,172) (184,769) 221,720 163,665
Residual Value Analysis
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
(Page 2) Residual Value Analysis - Life Limited Parts and Engine Overhauls
Residual Value Calculation includes: 1978 Bombardier Learjet 24E
Betterment & Detriment
10 11 12 13 14 15 16 17 18 19 20 Adjustments - Nov - 2021 Nov - 2022 Nov - 2023 Nov - 2024 Nov - 2025 Nov - 2026 Nov - 2027 Nov - 2028 Nov - 2029 Nov - 2030 Nov - 2031
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA. (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
Maintenance Input Data Bombardier Learjet 24E with 2 General Electric CJ 610-6(Version 12.2.4 Volume II, 2012)Labor MH/FH Parts $ / FH Database Date: Aircraft 9.78 MH/FH Aircraft 636.87 /FH Jul-12
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA. (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
Life Limited Parts Parts Cost Prem Removals Frequency Time Since Last ReplacementName: (Current Cost) /1000 HR Hours Cycles Years Hours Cycles Months
The cost of engine heavy maintenance is included in the Engine Guaranteed Maintenance PlanEngine Restoral/Heavy Maintenance General Electric Total Cost Prem Removals
Copyright 2012, Conklin and de Decker Associates, Inc. Orleans, MA (508) 255 5975 www.conklindd.comThe information in this report is an estimate only, not a guarantee of future results.
Input Data 0
Currency: $ Exchange Rate = 1 / US$
Customer: John Smith Type of Operation: Corporate
Date of Analysis: 8-Nov-12Type of Analysis: Financial Analysis
Current Status: Depreciation Method: Straightline Total Time Since New: 11900 Year Manufactured: 1978 Term (Years) 30 Total Cycles Since New: 11900 Residual Value (%) 15
Base of Operation: Texas
Program Length (Years): 20 Average Flight Hours/Yr: 400 Cycles per Flt Hr (Airframe): 1.00 -$ Cycles per Flt Hr (Engine): 1.00 -$
Acquisition Cost - Purchase: -$ Purchase Price $ 265,000 State Sales Tax/VAT - Aircraft Value: $ 265,000 Training/Spares/Other - Resale Value (Base) with Inflation: 56.1% Refurb/Modification - Registration Fee/Yr: $ 0 Trade-in - State Use Tax/Yr: $ 0 Total 265,000 Property Tax/Yr $ 0
Brokerage Fee: $ 4,461
Revenue Data: Financial Data: Inflation - General 3.00%Charter Revenue per Month $ - Inflation - Parts 4.00%Charter Revenue per Hour $ - Desired ROI 0.0%Fuel Surcharge per Hour $ - Corp Tax Rate 0.0%Variable Cost Input: Capital Gains Tax 0.0%Fuel Cost $ 6.86 Fuel Consumption (Gallon) 316 Maintenance Labor Rate $ 93.00 Other Variable Cost $ - CO2 Emission (Metric Tonnes) 3.03 ATC & Navigation Fees - CO2 Offset Cost $ - Landing & Parking Fees 14 Fixed Cost Input Crew Expenses 65 Salaries/Aircraft Small Supplies/Catering 30 Crew/Aircraft Ratio 1.0 Pilots/Cockpit Crew $ 140,000 Hangar Cost $ 22,300 Flight Attendants $ - Maintenance Technicians $ - Nav & Weather Service 5,279 Other $ - - Benefits (% of Salaries): 30% Other Fixed Cost $ - Training Cost $ 17,200 Insurance: Hull (% of Insured Value) 1.19% Operations Overhead 0% Insurance: Liability $ 10,500 Administrative Overhead 0% Modernization $ 45,000 Operations Overhead $ - Refurbishing Cost $ 13,950 Administrative Overhead $ - Computer Maint Mgmt System $ 3,750