Sample LCC Reports

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

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
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

( 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)
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:
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
8
Year
10 11 12 13 14 15 16 17 18 19 20
Life Cycle Cost
FINANCIAL ANALYSIS SUMMARY
Type of Operation:
John Smith
After Tax Cash Flow From Operations

(Excludes Acquisition Cost of Aircraft)
Corporate
0
Make/Model:
1978
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
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)
Life Cycle Cost

ANNUAL COST
(Page 1)
8-Nov-12
Corporate
John Smith
Make/Model:
1978
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
CO2 Offset Cost
Maintenance Labor
Parts
Parts - Other
Inspections
Engine Restoral
Other Variable Cost
Crew Expenses
Small Supplies
Fixed Cost
Salaries
Pilot/Cockpit Crew
Flight Attendants
Other
Benefits
Hangar
Insurance
Hull
Liability
Miscellaneous
Management Fee
Property Tax
Registration Fee
Brokerage Fee
Modernization
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
Operations Overhead
Administrative Overhead (G&A)
Total Cost
Copyright 2012, Conklin and de Decker Associates, Inc., Orleans, MA (508) 255 5975 www.conklindd.com
Life Cycle Cost

(Page 2)
1978
ANNUAL COST
- 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
CO2 Offset Cost
Maintenance Labor
Parts
Parts - Other
Inspections
Engine Restoral
Other Variable Cost
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
Operations Overhead
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)
-
3,761,852
1,128,556
599,209
Year
Salaries
Pilot/Cockpit Crew
Flight Attendants
Other
Benefits
Hangar
Insurance
Hull
Liability
Miscellaneous
Management Fee
Property Tax
Registration Fee
Brokerage Fee
Modernization
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
20
Make/Model:
1978
Depreciation:
Year
Starting
Revenue:
Sales (Flt Hr)
Sales (Month)
Aircraft Sale
Total
Cost Without Tax Impact:

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

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
Life Cycle Cost
(Page 2)
1978
FINANCIAL ANALYSIS
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)
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) $
(53,269,690) Net Present Value
Life Cycle Cost
Maintenance Cost Matrix

For:
8-Nov-12
John Smith
Aircraft:
Engines:
Year:
Currency
Inflation:

( 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
Budget Analysis
Operating Budget
For:
John Smith
Aircraft:
Engine:
( 2 ) General Electric CJ 610-6
Registration:
N123
Serial Number:
123
Year:
1978
Budget Year Start:

Currency:
8-Nov-12
Nov - 2012
$
Inflation - Parts:
3% per Year
4% per Year
Type of operation:
Corporate
Base of operation:
Texas
6.25%
Budget Analysis
BUDGET SUMMARY
Monthly Budget
Budget Year Starting
John Smith
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 - Parts
Budget Total:
3.00% /Year
4.00%
Total for Year
Exchange Rate:
1 / US$
Purchase Price
$
State Sales Tax/VAT
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
10
11
12
Budget Analysis
MONTHLY BUDGET
Nov 2012
Oct 2013
through
8-Nov-12
Corporate
John Smith
Make/Model:
1978

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
$
CO2 Offset Cost
Maintenance Labor
Parts
Parts - Other
Inspections
Engine Restoral
Other Variable Cost
Crew Expenses
Small Supplies
Fixed Cost
Month
Salaries
Pilot/Cockpit Crew
$
Flight Attendants
Other
Benefits
Hangar
Insurance
Hull
Liability
Miscellaneous
Management Fee
Property Tax
Registration Fee
Brokerage Fee
Modernization
Refurbishing
Other Fixed Cost
Total Fixed Cost $
Finance/Lease Cost
Acquisition Cost/Residual Value
Final/Balloon Payment
Operations Overhead
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)
$
$
140,000
42,000
22,300
Budget Analysis
12 Month Maintenance Budget - Inspections and Component Overhauls
Currency:
Maintenance Cost Summary
Maintenance Labor
Parts
Parts - Other
Inspections
Engine Restoral
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
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
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
Corporate
John Smith
Make/Model:
1978

Revenue
Year
Starting
Annual Charter/Revenue Hrs/Yr

Hourly Revenue (Incl. Fuel Surcharge)
Monthly Revenue
Total Revenue
Variable Cost
Annual Utilization
Fuel
$
CO2 Offset Cost
Maintenance Labor
Parts
Parts - Other
Inspections
Engine Restoral
Other Variable Cost
Crew Expenses
Small Supplies
Fixed Cost
Year
Starting
Salaries
Pilot/Cockpit Crew
$
Flight Attendants
Other
Benefits
Hangar
Insurance
Hull
Liability
Miscellaneous
Management Fee
Property Tax
Registration Fee
Brokerage Fee
Modernization
Refurbishing
Other Fixed Cost
Total Fixed Cost $
Finance/Lease Cost
Final/Balloon Payment
Operations Overhead
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
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)
Budget Analysis
Page 2
20 YEAR BUDGET FORECAST

Corporate

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
CO2 Offset Cost
Maintenance Labor
Parts
Parts - Other
Inspections
Engine Restoral
Other Variable Cost
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)
Fixed Cost
Salaries
Pilot/Cockpit Crew
Flight Attendants
Other
Benefits
Hangar
Insurance
Hull
Liability
Miscellaneous
Management Fee
Property Tax
Registration Fee
Brokerage Fee
Modernization
Refurbishing
Other Fixed Cost
Total Fixed Cost $
Finance/Lease Cost
114,589
Operations Overhead
53,269,690 Total Cost $
(53,269,690) Operating Profit (Loss) $
Budget Analysis
20 Year Maintenance Budget - Inspections and Component Overhauls
Make/Model:
Total Time

Currency:
Maintenance Cost Summary

Maintenance Labor
Parts
Parts - Other
Inspections
Engine Restoral
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

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)
$
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
Budget Analysis
20 Year Maintenance Budget - Inspections and Component Overhauls
(Page 2)
1978
ation - General: 3% 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
Parts
Parts - Other
Inspections
Engine Restoral
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
Year
Inspections
2400 Hour
12 Yr/7200 Hr
12000 Hour
6000 Landing
1,974,569
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
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)
11,900
1978
35
11,900
9
Nov - 2020

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
Total
1
1
1
1
1
1
2
Total Life Limited Part Cost
12345-
8-Nov-12
Total Time
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

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

101,886
104,943
108,091
111,334
Residual Value Analysis

For:
Aircraft:
John Smith
8-Nov-12

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 - Parts
3% per Year
4% per Year
Type of operation:
Corporate
Base of operation:
Texas
6.25%
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
11
12
13
14
15
16
17
18
19
20
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
Base Aircraft
$
Adjustments
- Major Inspections
- Engine Restoral
Net Residual Value $
12345678910 11 12 13 14 15 16 17 18 19 20 -
8-Nov-12
Total Time

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
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 - Inspections and Component Overhauls
(Page 2)
Residual Value Calculation includes:
1978

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)
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
Base Aircraft
Adjustments
- Major Inspections
- 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 - Life Limited Parts and Engine Overhauls
Make/Model:
Currency:
Exchange Rate:
Year
Starting
Name
MG Gear Strut Actuators (
Control Syst Cables
Spoiler Ass'y
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
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)
(120,172)
(184,769)
221,720
163,665
Residual Value Analysis - Life Limited Parts and Engine Overhauls
(Page 2)
Residual Value Calculation includes:
1978
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)
(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

MG Gear Strut Actuators (2)
Control Syst Cables
Spoiler Ass'y
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
with
General Electric CJ 610-6
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
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 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:
MG Gear Strut Actuators (2)
Control Syst Cables
Spoiler Ass'y
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
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

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:

( 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):
Purchase Price
State Sales Tax/VAT
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
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
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
5,279
1.19%
10,500
45,000
13,950
3,750

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Life Cycle Cost

Cost per Hour

Variable Cost (Average):

Total Direct Cost per Hour -

Fixed Cost (Average):

Other Costs (Average):

Total Annual Cost per Hour Total Annual Cost per NM -

Life Cycle Cost

Life Cycle Cost Analysis

Bombardier Learjet 24E

- State Sales/Use Tax =

Life Cycle Cost

Bombardier Learjet 24E

Life Cycle Cost

ANNUAL COST SUMMARY

(Version 12.2.4 Volume II, 2012)

Type of Operation: Corporate

Annual Operating Cost Budget

Bombardier Learjet 24E

Owned Aircraft, Current Value

Total Acquisition Cost

Total Variable Cost

Total Fixed Cost

Resale Value (Adjusted)

Total Finance/Lease Cost

Ops + Admin Overhead

Life Cycle Cost

FINANCIAL ANALYSIS SUMMARY

(Version 12.2.4 Volume II, 2012)

After Tax Cash Flow From Operations

Bombardier Learjet 24E

Cumulative Total Discounted Cash Flow

Net Present Value:

Life Cycle Cost

(Version 12.2.4 Volume II, 2012)

Bombardier Learjet 24E

Aircraft Value:$ 265,000

Residual Value:$ 150,411

Total Variable Cost $

Annual Utilization (Hrs)

Total Fixed Cost $

Life Cycle Cost

Bombardier Learjet 24E

- Parts: 4% per Year

Total Variable Cost

Total Fixed Cost

Total Annual Cost

Life Cycle Cost

(Version 12.2.4 Volume II, 2012)

Bombardier Learjet 24E

Cost Without Tax Impact:

Cost With Tax Impact:

After Tax Total Cash Flow:

Operating Cash Flow:

Present Value of Total Cash Flow: $

Value of Owned Aircraft:

Net Present Value:

Inflation - General: 3% per Year

Life Cycle Cost

Bombardier Learjet 24E

Cost Without Tax Impact:

Cost With Tax Impact:

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

(53,155,101) Operating Cash Flow