The Beechcraft King Air 350i ER stands as a beacon of excellence in the realm of turboprop aircraft. Renowned for its versatility, performance, and comfort, it caters to both private and commercial aviation sectors. Understanding the price and operating costs associated with this aircraft is essential for potential buyers and operators alike. This comprehensive analysis delves into various aspects, from acquisition costs to ongoing operational expenses, ensuring that stakeholders are well-informed.
1. Overview of Beechcraft King Air 350i ER
The King Air 350i ER is an enhanced version of the King Air 350, featuring an extended range (ER) capability that allows for longer flights without the need for refueling. With a maximum cruise speed of approximately 182 knots and a range of about 1,800 nautical miles, it is perfectly suited for both short and medium-haul journeys. The aircraft can comfortably accommodate up to 11 passengers, making it an ideal choice for business trips or small group charters.
1.1 Key Specifications
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Length: 38 ft 6 in (11.7 m)
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Wingspan: 57 ft 11 in (17.6 m)
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Height: 14 ft 9 in (4.5 m)
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Maximum Takeoff Weight: 16,500 lbs (7,484 kg)
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Engines: Two Pratt & Whitney PT6A-60A engines
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Maximum Cruise Altitude: 35,000 ft (10,668 m)
These specifications contribute to the aircraft’s reputation for reliability and efficiency, making it a favorite among corporate flight departments and charter operators.
2. Acquisition Costs
The initial purchase price of the Beechcraft King Air 350i ER is a critical factor for buyers. As of the latest data, the average cost for a new aircraft is around $7 million. However, prices can vary significantly based on factors such as customization, optional features, and market demand.
2.1 New vs. Pre-Owned
For those considering a pre-owned model, prices can be considerably lower, typically ranging from $3 million to $5 million, depending on the year, condition, and total flight hours. It’s essential to conduct thorough inspections and review maintenance records to ensure the aircraft’s airworthiness and value retention.
2.2 Financing Options
Various financing options are available for prospective buyers, including traditional loans, leasing agreements, and fractional ownership programs. Each option has its own set of benefits and drawbacks, and careful consideration is necessary to determine the best fit for individual financial circumstances and operational needs.
3. Operating Costs
Understanding the operating costs associated with the King Air 350i ER is vital for budgeting and financial planning. These costs encompass several categories, including fuel, maintenance, crew salaries, insurance, and hangar fees.
3.1 Fuel Costs
Fuel is one of the most significant ongoing expenses for any aircraft. The King Air 350i ER consumes approximately 40 gallons of fuel per hour, depending on the flight profile and load. With an average fuel price of $5.00 per gallon, operators can expect fuel costs to be around $200 per flight hour.
3.2 Maintenance Expenses
Regular maintenance is crucial to ensure safety and reliability. On average, annual maintenance costs for the King Air 350i ER can range from $50,000 to $150,000, depending on usage, parts replacement, and labor costs. This includes routine inspections, engine overhauls, and any necessary repairs.
3.2.1 Scheduled Maintenance
Scheduled maintenance is dictated by FAA regulations and manufacturer recommendations. Operators should anticipate costs related to:
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Annual Inspections: Approximately $15,000 to $25,000
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Engine Overhaul: Estimated at $300,000 per engine every 3,600 hours
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Airframe Maintenance: Around $20,000 annually for routine checks
3.3 Crew Salaries
If hiring crew members, salaries will constitute a significant portion of operating costs. A typical two-pilot crew might cost around $150,000 to $250,000 annually, including salaries, benefits, and training expenses. Some operators may choose to hire contract pilots to reduce costs associated with full-time employment.
3.4 Insurance
Insurance costs can vary widely based on coverage levels, pilot experience, and operational history. For the King Air 350i ER, insurance premiums typically range from $20,000 to $40,000 per year. It is advisable to consult with an aviation insurance specialist to find the best coverage options tailored to specific operational needs.
3.5 Hangar Fees
Hangar fees are another recurring expense that operators must factor into their budgets. Costs can vary based on location and facility amenities, ranging from $500 to $2,500 per month. In high-demand areas, fees can increase substantially, making it essential to research options in advance.
4. Total Cost of Ownership
When considering the total cost of ownership for the Beechcraft King Air 350i ER, operators should anticipate an overall annual expenditure ranging from $750,000 to $1.5 million. This figure encompasses all the aforementioned operating costs, including depreciation, which is an essential aspect of financial planning for aircraft ownership.
4.1 Depreciation
Aircraft depreciation can significantly impact long-term costs. The King Air 350i ER typically experiences a depreciation rate of about 5% per year. Thus, after five years of ownership, an owner may see a reduction in value of approximately 25% from the original purchase price. Careful consideration of resale value is crucial when evaluating the total cost of ownership.
5. Conclusion
In conclusion, the Beechcraft King Air 350i ER is an exceptional aircraft that combines performance, comfort, and versatility. Understanding the initial purchase price and operating costs associated with this aircraft is crucial for potential buyers and operators. With acquisition costs averaging around $7 million for new models, coupled with ongoing expenses that can exceed $1 million annually, it is imperative to conduct thorough financial planning and analysis. By being well-informed, operators can maximize the benefits of owning and operating this remarkable aircraft, ensuring successful missions and satisfied passengers.
For those looking to invest in a robust and reliable aircraft, the King Air 350i ER undoubtedly represents a wise choice in the competitive landscape of business aviation.
