All numbers are budgetary estimates based on industry averages or estimates received. Revenues are estimated based on projected lease rates and projected charter usage. These numbers are estimates only and do not represent guaranteed revenues. Client should seek tax/legal review and advice to analyze specific client situations. Crew Expense 160,000.00 $ Flight Crew Training & Maintenance Tech Training* (Initial training costs are higher than recurrent) 25,000.00 $ Hangar Storage 27,600.00 $ Insurance (Based on 3.5MM Hull Value, 100MM Liability Coverage) 22,900.00 $ Aircraft Misc. (Data Subscriptions, etc.) 16,500.00 $ Management Fee 50,000.00 $ Average Market Depreciaton / Year- SEE MACRS ANALYSIS ON PAGE 2 SEE MACRS Total Annual Fixed Cost 302,000.00 $ Estimated Charter Revenue (325 Hours @ Average Lease Rate of $1450/ HR) (471,250.00) $ Variable Cost of Charter - Fuel/Airframe & Engine Maint/(325 Hours @ $792/ HR) 257,400.00 $ Annual Fixed Cost Adjusted by Estimated 325 HRS Charter Revenue 88,150.00 $ Summary of Annual Budget Per Owner 1/3 Share Owner including 50 Hours of Usage Per Owner 1/3 Share Per Owner Share of Annual Fixed Cost assuming 325 HRS Charter Revenue* $ 57,716.67 Variable Per Hour Cost of Owner Usage (Fuel/Airframe & Engine Maintenance) 792.00 $ Estimated Variable Cost of 50 Hours of Owner Flying (50 x $792/HR) 39,600.00 $ Total Estimated Per Owner Annual Cost (Fixed & Variable- Including 50 Hours Owner Usage) 97,316.67 $ *If we reduce the charter revenue forecast by 50% to only 162.5 hours of charter (highly unlikely but we want to give a very conservative picture as well), the Total Estimated Per Owner Annual Cost (Fixed & Variable- Including 50 HRS Owner Usage), would be aproximately $175,858.33 SUMMARY OF ANNUAL FIXED COSTS ESTIMATED ANNUAL BUDGET, Pilatus PC-12 NG THE PC-12 NG IS A LARGE, POWERFUL, EFFICIENT, AND VERSATILE BUSINESS AND UTILITY AIRCRAFT THAT DELIVERS BENEFITS ACROSS THE BOARD BY DRAWING ON A LONG LIST OF STRENGTHS. Technology Driven Safety Enhancements Large Cabin Comfort Ample Cargo Space Versatile Performance Legendary Pratt & Whitney Engine Dependability & Efficiency
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SUMMARY OF ANNUAL FIXED COSTS Average Market … · Flight Crew Training & Maintenance Tech Training* (Initial training costs are higher than recurrent-Average will range between
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All numbers are budgetary estimates based on industry averages or estimates received. Revenues are estimated based on projected lease rates and projected charter usage. These numbers are estimates only
and do not represent guaranteed revenues. Client should seek tax/legal review and advice to analyze specific client situations.
Crew Expense 160,000.00$ Flight Crew Training & Maintenance Tech Training* (Initial training costs are higher than recurrent) 25,000.00$ Hangar Storage 27,600.00$ Insurance (Based on 3.5MM Hull Value, 100MM Liability Coverage) 22,900.00$ Aircraft Misc. (Data Subscriptions, etc.) 16,500.00$ Management Fee 50,000.00$ Average Market Depreciaton / Year- SEE MACRS ANALYSIS ON PAGE 2 SEE MACRSTotal Annual Fixed Cost 302,000.00$ Estimated Charter Revenue (325 Hours @ Average Lease Rate of $1450/ HR) (471,250.00)$ Variable Cost of Charter - Fuel/Airframe & Engine Maint/(325 Hours @ $792/ HR) 257,400.00$ Annual Fixed Cost Adjusted by Estimated 325 HRS Charter Revenue 88,150.00$
Summary of Annual Budget Per Owner 1/3 Share Owner including 50 Hours of Usage Per Owner 1/3 SharePer Owner Share of Annual Fixed Cost assuming 325 HRS Charter Revenue* $ 57,716.67 Variable Per Hour Cost of Owner Usage (Fuel/Airframe & Engine Maintenance) 792.00$ Estimated Variable Cost of 50 Hours of Owner Flying (50 x $792/HR) 39,600.00$ Total Estimated Per Owner Annual Cost (Fixed & Variable- Including 50 Hours Owner Usage) 97,316.67$
*If we reduce the charter revenue forecast by 50% to only 162.5 hours of charter (highly unlikely but wewant to give a very conservative picture as well), the Total Estimated Per Owner Annual Cost (Fixed & Variable- Including 50 HRS Owner Usage), would be aproximately $175,858.33
SUMMARY OF ANNUAL FIXED COSTS
ESTIMATED ANNUAL BUDGET, Pilatus PC-12 NG
THE PC-12 NG IS A LARGE, POWERFUL, EFFICIENT, AND VERSATILE BUSINESS AND UTILITY AIRCRAFT THAT DELIVERS BENEFITS ACROSS THE BOARD BY
Per Owner Share of Annual Fixed Cost (Defined in Tab 1-Annual Budget) $ 57,716.67 $ 57,716.67 $ 57,716.67 $ 57,716.67 $ 57,716.67 $ 57,716.67 $ 57,716.67 $ 57,716.67 Estimated Variable Cost Per Hour (Airframe & Engine Maintenance/Fuel) 792.00$ 792.00$ 792.00$ 792.00$ 792.00$ 792.00$ 792.00$ 792.00$ Estimated Variable Cost of 50 Hours of Owner Flying (50 x $792/HR Direct Op Cost) 39,600.00$ 39,600.00$ 39,600.00$ 39,600.00$ 39,600.00$ 39,600.00$ 39,600.00$ 39,600.00$
Total Est. Annual Cost of 1/3 Share (Fixed & Variable- Including 50 Hours Owner Use) 97,316.67$ 97,316.67$ 97,316.67$ 97,316.67$ 97,316.67$ 97,316.67$ 97,316.67$ 97,316.67$ Per Owner Annual Share of Depreciation- 1/3 Share $ 166,716.67 $ 285,716.67 $ 204,050.00 $ 145,716.67 $ 104,183.33 $ 104,066.67 $ 104,183.33 $ 52,033.33
MACRS YEAR YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7
ESTIMATED BUDGET FOR PILATUS PC-12 NG WITH CHARTER/OWNER USEAll numbers are budgetary estimates based on industry averages.
Acquisition Related Budget Items to be Capitalized Total Estimate
SEE MACRS SCHEDULE
$ -
PILATUS PC-12 NG ESTIMATED MACRS DEPRECIATION SCHEDULE - 1/3 Share Note: The full price may be adjusted based on actual purchase price plus cost of any capital upgrades prior to aircraft entering service
YEAR 84.46
$ 156,100.00
Summary of Annual Budget AFTER INITIAL ACQUISITION for 1/3 Share, Including Estimated Depreciation and 50 HOURS OF OWNER USAGE PER YEAR
YEAR 8
Note: Annual budget above does not take into account future capital budget items highlighted in the yellow table above (right side). All numbers abover are estimates. Professional accounting/tax/legal advice should be obtained by Client.
$ 3,500,000.00 The schedule above reflects commonly used aircraft tax depreciation rates using MACRS for 135 Charter Usage. These may or may not be applicable to your individual situation. We would advise you to consult with a tax professional familiar with aircraft depreciation guidelines and
how they relate to your own business circumstances.
SUMMARY OF ANNUAL ESTIMATED BUDGET PER OWNER FOR FIXED & VARIABLE COSTS WITH ANNUAL DEPRECIATION DATA
THE WORLD'S GREATEST SINGLE
THE WORLD'S GREATEST SINGLE
A CLASS OF ONE
The Swiss Alps, Switzerland | 46°39'40"N | 8°23'18"E
216DFounded in 1939, Pilatus Aircraft Ltd is the only Swiss company to develop,
produce and sell aircraft to customers around the world: from the legendary Pilatus Porter PC-6 to the best-selling PC-12, a single-engine turboprop, and the PC-21, the training system of the future. Pilatus’ newest aircraft is the PC-24 – the world’s first ever business jet that can be operated from short unprepared runways. Domiciled in Stans, the company is certified to ISO 14001 in recognition of its efforts for the environment. The Pilatus Group includes two independent subsidiaries in Broomfield (Colorado, USA) and Adelaide (Australia) as well as a joint venture company in Chongqing (China). With over 1800 employees at its headquarters, Pilatus is one of the largest employers in Central Switzerland. Pilatus provides training for over 110 apprentices in eleven different professions – job training for young people has always been a very high priority at Pilatus.