12 Jul 2025, 19:38 [ UTC - 5; DST ]
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Post subject: Re: $1MM Meridian vs. $1MM TBM Posted: 04 Sep 2021, 07:24 |
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Joined: 01/05/11 Posts: 320 Post Likes: +233
Aircraft: 1978 Aerostar 700CR
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Username Protected wrote: Here is your basic med meridian. 240 knots on 294 pounds per hour. 44 gph. So three hours flight time + IFR reserves, a little over 700 nautical miles. Not too bad, especially when jet fuel is just a little over three dollars a gallon with cards, and you get turbine reliability. Attachment: 298AB8AE-5DEB-4E40-A984-F4AE039B0D68.jpeg Not bad, however, a nicely outfitted Aerostar 700 will do the same and better with two engines at half the capx.
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Post subject: Re: $1MM Meridian vs. $1MM TBM Posted: 04 Sep 2021, 10:26 |
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Joined: 12/03/14 Posts: 20445 Post Likes: +25733 Company: Ciholas, Inc Location: KEHR
Aircraft: C560V
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Username Protected wrote: Short flight today, at basic med altitude of 18,000. BasicMed rule is 18,000 MSL, not FL180. Is 18,000 ft always available west bound? I got the impression it may not be if FL180 is allowed due to baro setting. In any case, half your time will be 17,000 ft due to east bound direction of flight. Being limited to 17 or 18 would be very annoying in weather. The real outcome from all this is, hopefully, is replacing all cases which required 3rd class medical with BM requirements. Mike C.
_________________ Email mikec (at) ciholas.com
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Post subject: Re: $1MM Meridian vs. $1MM TBM Posted: 04 Sep 2021, 10:31 |
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Joined: 11/08/12 Posts: 7425 Post Likes: +4886 Location: Live in San Carlos, CA - based Hayward, CA KHWD
Aircraft: Piaggio Avanti
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Username Protected wrote: The real outcome from all this is, hopefully, is replacing all cases which required 3rd class medical with BM requirements.
Fingers crossed, but it doesn’t seem like anyone is really working toward that at this point - the alphabets seem to be sitting on the current situation as if they are done. Sure would be nice to have need for medicals go away for part 91.
_________________ -Jon C.
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Post subject: Re: $1MM Meridian vs. $1MM TBM Posted: 04 Sep 2021, 10:44 |
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Joined: 12/03/14 Posts: 20445 Post Likes: +25733 Company: Ciholas, Inc Location: KEHR
Aircraft: C560V
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Username Protected wrote: Fingers crossed, but it doesn’t seem like anyone is really working toward that at this point - the alphabets seem to be sitting on the current situation as if they are done. We are coming up on 5 years of BasicMed which will occur on May 1st 2022. At that point, we can analyze the accident data and see if BasicMed pilots are having more or less medically induced accidents than 3rd class pilot had the prior 5 years. The results, I predict, will show basically no difference. This is ammunition to expose the ineffectiveness of the 3rd class medical and to start the process of getting rid of it. Mike C.
_________________ Email mikec (at) ciholas.com
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Post subject: Re: $1MM Meridian vs. $1MM TBM Posted: 04 Sep 2021, 10:52 |
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Joined: 01/16/11 Posts: 11068 Post Likes: +7095 Location: Somewhere Over the Rainbow
Aircraft: PC12NG, G3Tat
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Username Protected wrote: Like you, I was considering both the last time I was shopping and ended up with a BE58.
I did a fair amount of research, but you should consider this still anecdotal.
We've got a Piper dealer here in KC and I imposed on them to get some real numbers. I also surveyed friends that have TBMs. Best I can tell, maintenance is similar. The Piper breaks a little more, but the parts are cheaper. The TBM rarely needs anything, but it costs more when it does.
Fixed costs were very similar. Operating cost per hour is higher on the TBM, but they're about equal per mile. My 58 cost almost the same per hour as the PC12. The main reason was the fuel cost differential, oil changes, and piston nickel and diming. I think that the Meridian is underrated. It's certainly a cheaper option as a few have expounded. I also think that pressurization and altitude make it a totally different airplane than a 58. I would suggest that's why so many fewer 58's are sold now vs the Meridian and TBM.
_________________ ---Rusty Shoe Keeper---
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Post subject: Re: $1MM Meridian vs. $1MM TBM Posted: 04 Sep 2021, 12:46 |
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Joined: 12/03/14 Posts: 20445 Post Likes: +25733 Company: Ciholas, Inc Location: KEHR
Aircraft: C560V
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Username Protected wrote: My 58 cost almost the same per hour as the PC12. Not if you consider cost of capital. Mike C.
_________________ Email mikec (at) ciholas.com
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Post subject: Re: $1MM Meridian vs. $1MM TBM Posted: 04 Sep 2021, 13:02 |
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Joined: 08/23/10 Posts: 902 Post Likes: +720
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Username Protected wrote: I vote neither.
A Citation 501 for $300-$700K blows both airplanes out of the water with respect to performance, safety and load carrying capacity. TBM beats the 501 in range but the 501 slays the Meridian in this respect. Equally, in my area, it's cheaper to maintain a Citation than a Meridian or TBM. No offense to Meridian owners but its build quality is no where near equal to airliner quality Citation or military grade TBM construction. Go shake the wing on a Meridian or Malibu to see what I'm talking about.
Citation parts are ubiquitous and cheap; not true for the Piper or TBM.
Buy a 501 and use that Capex for the extra fuel is my vote. I want this to be true, but I have a really hard time believing one can get by with $20k maintenance on a 501. I have insight to a low utilization 15 year old CJ3 and they're averaging about $50k in maintenance per year, at a California Citation Service Center. I would think a 40 year old 501 would be significantly more. I am also concerned with what the residual value will be on a 501 in 10-years on a 50 year old jet. I know the value is in the engines and you get the airframe for free, but at some point does the demand for these engines dry up. What other airframes use the same engines? I have a CE500 type and the thrust reversers alleviate my contaminated runway concerns. I may have to take another look at the 501 thread. My main mission (65% or more of all trips) is a very short 100nm, followed by under 500nm trips, only have one or two trips per year over 500nm, probably won't ever make sense in a jet.
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Post subject: Re: $1MM Meridian vs. $1MM TBM Posted: 04 Sep 2021, 13:29 |
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Joined: 12/03/14 Posts: 20445 Post Likes: +25733 Company: Ciholas, Inc Location: KEHR
Aircraft: C560V
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Username Protected wrote: I want this to be true, but I have a really hard time believing one can get by with $20k maintenance on a 501. Key is low utilization maintenance program (LUMP) if you fly 150 hours/year or so. Textron offers this under certain circumstances. My V has phase 1-4 every 3 years, phase 1-5 every 6 years. So even if phase 1-4 is $40K and phase 5 is $80K, that's a net $20K/year, and I expect to beat those numbers easily. It is also VERY nice to have a 3 year interval on the major phases. Quote: I have insight to a low utilization 15 year old CJ3 and their averaging about $50k in maintenance per year, at a California Citation Service Center. One, they likely don't have a LUMP. The CJ3 is on the "doc" program, not phases. Two, they take it to a factory service center which makes every plane new again at much expense. Three, the factory service center uses only factory parts at full retail. Four, the factory service center is a "replace before debug" type shop. Plenty of stories of things being replaced that were found not to be needed. Five, it is California. Quote: I would think a 40 year old 501 would be significantly more. Oddly enough, it can be backwards from your perception. Newish planes, like a CJ3, have little after market parts support, so everything you do is factory retail parts. Most CJ3 owners are on the "programs" for parts, service, and engines. These programs can run $900/hour all up. Older airplanes have aftermarket parts, either PMA or possibly used/surplus. You can get service from non factory shops. You get to control the parts strategy. If you are diligent, you can also help debug stuff to save lots of cost. Quote: I am also concerned with what the residual value will be on a 501 in 10-years on a 50 year old jet. I bet the CJ3 loses more value in the next 10 years than the 501 is worth entirely. I also predict the 501 does have residual value in 10 years. Also, with a high dollar airframe like a CJ3, you pay more for insurance every year, and underwriters often have higher requirements (more mentor time, say). With a 501, liability only becomes a viable option since so little capital is tied up in it. Quote: I know the value is in the engines and you get the airframe for free, but at some point does the demand for these engines dry up. What other airframes use the same engines? There are used engines and used engine parts, like HT blades and impellers. You can also hot section only and not overhaul. On a CJ3, you only viable option is to pay the Williams tax. That's $340/hour right now (both engines). It is nice that your engines are taken care of, but over a full overhaul period, that's $1.7M in Williams payments which usually exceeds the airframe value. You basically "rent" your FJ44 equipped airplane from Williams. Quote: I have a CE500 type and the thrust reversers alleviate my contaminated runway concerns. I may have to take another look at the 501 thread. Doesn't work for everyone, the 501 is relatively slow and short range. It is one of the few Citations which is turf runway enabled out of the box, however (my V is not). I ended up in a V for the range (~1800-1900 nm) and the speed (420 KTAS) and short runway capable (2500 ft). I didn't really need the cabin size. I have less than $1M invested and that included a full Garmin G700 GTN750 GWX75 upgrade. That can't be duplicated right now in today's market, however, they are in high demand. Mike C.
_________________ Email mikec (at) ciholas.com
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Post subject: Re: $1MM Meridian vs. $1MM TBM Posted: 04 Sep 2021, 13:50 |
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Joined: 06/28/09 Posts: 14389 Post Likes: +9519 Location: Walnut Creek, CA (KCCR)
Aircraft: 1962 Twin Bonanza
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Username Protected wrote: My 58 cost almost the same per hour as the PC12. Not if you consider cost of capital. Mike C.
I’ve owned a Baron or my TwinBo for the last 12 years and they cost me about 35k per year to own. I’ve also flown and managed a 2009NG for the last 6 years and seen and approved every expense. A pc12 is 4-5x not counting cost of capital.
_________________ http://calipilot.com atp/cfii
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Post subject: Re: $1MM Meridian vs. $1MM TBM Posted: 04 Sep 2021, 14:04 |
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Joined: 08/23/10 Posts: 902 Post Likes: +720
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There is no LUMP for the CJ line. All true points, but I'm not comparing a CJ3 to a 501. Rather a 501 to a Meridian. If I could be convinced all costs (capital, insurance, operating, etc) of a 501 could be comparable to a Meridian over a 5-10 year hold period I'd definitely consider it. The 501 is overkill for my mission, but I'd gladly take the increased capability if it doesn't cost much more.
You did really well to get into an upgraded 560 for $1MM. How many hours are on it? I casually perused them on Controller and even before COVID that sounds like a really good deal. The 560 is a FANTASTIC airplane. I have about 500 hours SIC time in one. Things started breaking at about the 10 year mark and the owner sold it for a CJ2. It was a step backwards. Did I mention the 560 is a FANTASTIC airplane, it really bears repeating. The only improvement of the CJ series in my opinion is the trailing link gear. The 560 can be pretty stiff legged.
Last edited on 04 Sep 2021, 14:06, edited 1 time in total.
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Post subject: Re: $1MM Meridian vs. $1MM TBM Posted: 04 Sep 2021, 14:04 |
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Joined: 01/16/11 Posts: 11068 Post Likes: +7095 Location: Somewhere Over the Rainbow
Aircraft: PC12NG, G3Tat
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Username Protected wrote: My 58 cost almost the same per hour as the PC12. Not if you consider cost of capital. Mike C.
Agreed, what I was trying to say albeit unintentionally, that a 1MM TBM has higher capital cost than the 58, but is the same to operate hourly and most definitely has way, way more capability. They're both true all weather airplanes.
PC12 just seats a few more folks and has the ability to carry a Meridian in the aft baggage compartment
_________________ ---Rusty Shoe Keeper---
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