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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 29 Jan 2021, 21:30 
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Username Protected wrote:
It is a racket, but at least brokers can't arbitrarily discount value because of where the work was done.


That keeps being said, but I never said they discount them, assuming a late model King Air, the inventory dealers I know, won’t buy them at all.

Same thing. Refusing to bid is the largest discount possible.
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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 29 Jan 2021, 21:32 
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Hot Section or Overhaul?


The whole time we've been referring to Pennman's 6k HSI at Covington, vs what I'm told to expect 30-40k sending my engine to Pratt for the HSI, which will be due in a year.

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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 29 Jan 2021, 21:39 
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Username Protected wrote:
Hot Section or Overhaul?


The whole time we've been referring to Pennman's 6k HSI at Covington, vs what I'm told to expect 30-40k sending my engine to Pratt for the HSI, which will be due in a year.


That’s why I asked, bad info here... I tried to address it but I think it was drowned out by this shop is better than that one.

$6500 is the inspection only, it is very rare to open a big Pratt and not have to fix anything, but if you can just open it and close it back up... $6500 is about right.

The $30k was for a maintenance facility to pull the Hot Section and ship it somewhere. That’s obviously the expensive way to do it, the shop is being paid for labor, shipping and insurance, plus profit.

No matter who does your Hot what needs to be fixed will have to be fixed. It could be $25k in repairs or $250k in repairs, all depends.

What kind of engine and how many hours?
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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 29 Jan 2021, 21:42 
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Username Protected wrote:
It's all about reputation.


I don't believe that you're paying 30k more for reputation, no way. If so, that's insane and I'm 100% with Pennman. Stupid.

I suspect there are differences in the work that's being performed. I'm told if I send the engine to Pratt, they're going to replace a bunch of stuff with new, and that those parts account for the vast majority of the cost difference. The reputation comes in because people know they do this, and assign a greater value to the plane that had all the new parts put in by Pratt.

Question is - do those parts need to be replaced or do they replace them just because they touch them? I don’t fly a TP or jet but I run into a shop refusing to release engine from repair without overhauling magnetos and fuel system in situation where the magnetos were 100h since IRAN and big part of the fuel system was overhauled within previous 200h. Luckily for the shop I wasn’t footing the bill, otherwise I would be livid.

I wouldn’t be surprised if Dallas had their own list of things that got replaced at HSI without even checking their condition because “why risk”? Maybe 20-30y ago they got burned by releasing parts on condition that failed right after?

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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 29 Jan 2021, 21:45 
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Username Protected wrote:
Same thing. Refusing to bid is the largest discount possible.


To be clear they have never bought airplanes without DDOF overhauls based on very real concerns of what components were used in the overhauls.

Now, in recent history... very recent... Covington has leveraged their AG DDOF to the PT6A and so far these dealers are unaware of that... or at least were until I told them.

They are investing millions in used aircraft, they’re just risk adverse.

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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 29 Jan 2021, 22:19 
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Username Protected wrote:
The whole time we've been referring to Pennman's 6k HSI at Covington, vs what I'm told to expect 30-40k sending my engine to Pratt for the HSI, which will be due in a year.


That’s why I asked, bad info here... I tried to address it but I think it was drowned out by this shop is better than that one.

$6500 is the inspection only, it is very rare to open a big Pratt and not have to fix anything, but if you can just open it and close it back up... $6500 is about right.

The $30k was for a maintenance facility to pull the Hot Section and ship it somewhere. That’s obviously the expensive way to do it, the shop is being paid for labor, shipping and insurance, plus profit.

No matter who does your Hot what needs to be fixed will have to be fixed. It could be $25k in repairs or $250k in repairs, all depends.

What kind of engine and how many hours?


Jeez matey, you really don't listen. PT6A-67 in the PILATUS. I disagree that it's 30k for the maintenance facility to pull the engine and ship it somewhere. That's equally stupid. Where are you getting this info??
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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 30 Jan 2021, 00:31 
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Username Protected wrote:

Jeez matey, you really don't listen. PT6A-67 in the PILATUS. I disagree that it's 30k for the maintenance facility to pull the engine and ship it somewhere. That's equally stupid. Where are you getting this info??


You asked a question, I am trying to answer it. I wasn't going to go back through all these pages to see what engine it is. To take an educated guess at what an HSI event might cost I needed to know what engine and HOW MANY HOURS... I could have asked first Hot or second, which is really what I'm asking. I had to ask the second question anyway, so it was just as easy to ask both.

The $30k isn't to remove and ship the engine, it is to remove it, have the Hot Section Inspection done and reinstall it. I said that earlier but jeez matey, you really don't listen!

To answer your question every way possible, I'll say it this way. If it's the first hot and you don't have anything major to replace, I would budget $25k - $50k if you need CT Vane ring or blades it's going to be more.

If it's the second run HSI I would budget $100k, but again if you start replacing CT blades it will be more. Then of course there's combustion liners, large and small exit ducts... all kinds of things that big Pratts like to eat.

If Penman got by for $6500 that is almost unheard of.

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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 30 Jan 2021, 00:54 
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Sorry I thought this was clear from the beginning. Pennman said the Pilatus was cheap to run on par or not much more than the m600 and posted his Pilatus HSI of $6500. I replied I was told the expect 30-40k and all the ensuing Covington/Pratt/Dallas discussion sprang from there. You were saying that the reason for the difference was the shop pedigree, and value at resale..

Anyways I still don't think the install/reinstall and inspection alone is 30-40k. There is more to it. I'd like to compare apples to apples. The engine R&R and crating, shop pedigree accounts for a few AMU's of it I'm sure, but not 20k+... doesn't compute. it's a first run engine that's been babied.

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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 30 Jan 2021, 01:40 
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Username Protected wrote:
Sorry I thought this was clear from the beginning. Pennman said the Pilatus was cheap to run on par or not much more than the m600 and posted his Pilatus HSI of $6500. I replied I was told the expect 30-40k and all the ensuing Covington/Pratt/Dallas discussion sprang from there. You were saying that the reason for the difference was the shop pedigree, and value at resale..

Anyways I still don't think the install/reinstall and inspection alone is 30-40k. There is more to it. I'd like to compare apples to apples. The engine R&R and crating, shop pedigree accounts for a few AMU's of it I'm sure, but not 20k+... doesn't compute. it's a first run engine that's been babied.


I wasn't saying the difference was pedigree and resale, I was saying it was the related cost and the maintenance facility's profit. The big names probably charge $15k to do the inspection, but I'll be the first to say I really don't know what it cost to do just the inspection, we always plan for and know there will be more.

I suspect that the $30k to $40k with "nothing wrong" probably means "not much wrong" and they're probably replacing segments and doing other stuff they justify as preventative.

I'll get you some real world numbers Monday, I can call Standard and they'll tell me what the last 3 or 4 -67 HSI's ran.

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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 30 Jan 2021, 01:51 
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Username Protected wrote:
I suspect that the $30k to $40k with "nothing wrong" probably means "not much wrong" and they're probably replacing segments and doing other stuff they justify as preventative.


yes that's what I suspect too. I would like to know what those preventative things are, and why Pratt believes they are a good idea. Would also be curious what they say about a 6.5k PC12 HSI from Covington.

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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 30 Jan 2021, 02:31 
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Username Protected wrote:
It's all about reputation.

This is not unique to aviation.

The attorney that has been in business for decades charges more and has the reputation to justify it.

And sometimes the attorney that has been in business for decades has outlived his usefulness and is just relying on his reputation to carry him through, whereas the younger attorney that has spent only ten years or so sharpening his axe is on top of his game running circles around everyone else.

Sometimes those old businesses get lazy. I'm not saying that's the case here, but simply relying on a name is often unproven.


Hi Clint

The attorneys and judges are in close proximity. I wanted to say something else. :)

In the most dire of circumstances, This is the reason “why” we pay BIG money to hire the best attorneys to litigate a case. If you do not do this then you are 50/50 on jury trial results. Im sure you could teach me a thing or two on this fact.

It always pays to pay the piper since you get what you paid for whether it is just or not. Then you get to go sleep at night with less worry.

I think Brad Knight has the correct view of being in the Old Folks home! Great look on this 1 chance in life to fly!

And BTW, I make parts for these engine builders and I know what they do to my price and to the end user. It’s obscene. We don’t do much commercial aircraft mostly custom defense and space so im not too worried about repercussions.

I guess my point being when you have the Gold you make the rules. Think about the FAA power and the private shop competing against DA.
Not necessarily fair but life is not fair and Freedom is always a battlefield away.

http://www.evansalloys.com

Eric

edit - added Clint could teach me a thing or 2!

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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 30 Jan 2021, 02:44 
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Bottom line is that it's seems like a cowboy biz. Can't get a straight answer outta anyone, can't get a real cost because everyone's hiding stuff. From the lack of any useful numbers in any given PT6 thread ever created (go back and look and see if you can find a single itemized OH break down in any thread since beginning of BT), I can only conclude that most owners have been either:

1. taken to the cleaners and they don't want to lose face.
2. or signed some shady NDA preventing them from talking about it.

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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 30 Jan 2021, 10:31 
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Username Protected wrote:
In the most dire of circumstances, This is the reason “why” we pay BIG money to hire the best attorneys to litigate a case. If you do not do this then you are 50/50 on jury trial results. Im sure you could teach me a thing or two on this fact.

It always pays to pay the piper since you get what you paid for whether it is just or not. Then you get to go sleep at night with less worry.

I get that. However, it’s a matter of determining who the best attorneys really are. Sometimes it’s not always the old guys with big names.

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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 30 Jan 2021, 12:36 
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There’s Pratt, Dallas, StandardAero, then Covington the “new” DDOF... then Prime... then everyone else.

I’m impressed that Covington has made the leap to DDOF status, when Standard bought Vector that cut your options to three DDOF shops, I think it’s basically an open secret now that Standard is trying to buy DallasAirmotive, which cuts it back again.

I wish Prime would go the DDOF route, great company and they stand behind their work.

I lived through a time when nefarious things happened in engine overhaul facilities. It’s better now, but still happens and that is why buyers, especially of later model aircraft are scared of “grey” shop engines.

It’s not just about quality, but the components as well, i.e. what did they throw away in the engine. There was a broker in Florida who would buy airplanes with Garrett engines, do the hots, steal all the good parts out of the engine, replace them with cycle limited parts and sell the airplane with fresh hots. No one thought to look that closely at a turboprop engine event.

I’ve always been hesitant to tell stories like this because some people on here accuse me of using scare tactics to attract clients. I hope you all know by now that I really do care about aircraft owners and want to help everyone of you avoid the pitfalls I’ve observed in the last 30 years in aviation. Most folks are involved in a handful of aircraft transactions in their lives, I’ve been involved in hundreds.

My advice on engine shops is worth what you paid for it. Everyone has an opinion. Same with maintenance facilities.

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 Post subject: Re: New M600 vs used TBM/PC12
PostPosted: 30 Jan 2021, 13:59 
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Late to the party.

One significant issue in Covington's prices is probably it's overhead and profit expectations.

I live in Mississippi. We sell ourselves as the place you come when you want the wages and regulatory environment of Bangladesh, right here in America.

Tunica's nicer since the casino's came in, but it used to be where 60 Minutes went to show big-eyed, half-naked starving children. Who maybe weren't going to school because MS didn't have a compulsory attendance law until the 80's.

But I digress. You can explain a significant price difference in an HSI based on the business conditions in rural MS vs urban anywhere else USA


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