He claimed the engine lost power. The faster you get to the smooth air, the better everyone likes it. Yep, that's why for my level of usage, I'm thinking having a partner or two would be best Don't forget it won't fit into a 40' T-hangar. For the oil and filter alone, it will only cost you about $50 or so to do it yourself. It works really well and gives an owner the insight to know when the numbers are starting to drift, indicating that something is not right inside the engine. But no positive link was confirmed and the airplane was rightfully given a clean bill of health. I love my M-5 conversion. Generally, you can expect to pay between $500 and $2000 per year. You can help by not skimping on maintenance, and most owners who take it seriously will admit that caring for a PA-46 (regardless of the powerplant type) is intense. On a piston model PA-46, the brakes are the only tool available to the pilot to slow down on a short runway. At $10 a quart, that's $2.50 per hour. When I was cruising around Mt. . 11.) But early on, Piper never seemed able to find the right powerplant. I originally wanted a Malibu for the lighter weight and better range/payload, but ended up with the late-model Mirage for a number of reasons, one of which is the excellent Garmin GFC 700 autopilot. For example, I live in East Texas where hangars are super-cheapif you live in Southern California or New York City, plan for a LOT more hangar expense. Fresh Overhaul - Certified Engines / Sun Aviation Piper Service Center. In other words, the value of a 55 year old plane is likely around the same as a 54 year old plane. Even Lycoming recommends a 65 percent power setting for cruise that is 100 degrees ROP and not to exceed 1650 degrees TIT. This site also participates in other affiliate programs and is compensated for referring traffic and business to these companies. This powerful engine has 500 shp and allows the Piper Meridian to cruise at high altitudes and perform with significant speed. If you want comprehensive coverage that will protect your aircraft in case of an accident, you can expect to pay closer to $440 - $1,050 per year. Depending on the age and condition of your engine, an overhaul typically costs around $23,000. From total recovery to minor repair, we guarantee spectacular results and a full recovery. This didnt interest me, as I didnt want another monthly bill to worry about. Pilots report that the gear makes an effective speedbrake. There isnt anything particularly difficult about landing a PA-46, but the long wing encourages floating and when lightly loaded, the CG is forward. In fact, Piper gave Jetprop one of the best compliments it could have ever given by creating the Meridian to compete with the Jetprop. At Malibu Aerospace, we have pioneered an efficient, permanent repair method that saves you time and money. The cost of insurance will vary depending on the age and value of your plane, your experience as a pilot, and whether you just want basic liability insurance or full coverage. For the most part, the more time you spend in the air with your Piper Cherokee, the more youll have to pay for variable costs. link to Why Are Some Propeller Blades Curved? Older Malibus might have a variety of retrofit gear. For reference, I currently have 180 total hours, 75 of which are in a PA-28-140. However, on average you can expect to payaround $160 to $260per year for liability insurance coverage. In a Jetprop, the engine has a 3600-4000 hour TBO (-35/-34). The used Malibu business must be really good. In our view, youll play it safe by figuring youll fly away paying closer to $10,000 for a thorough inspection, if youve been addressing minor routine squawks along the way. Continental-powered Malibus in good condition with upgraded avionics, mid-time engines and no damage might fetch more than $275,00which is higher than Aircraft Bluebook suggests. View photos, ownership, registration history, and more. Hangar fees are actually one of the biggest costs of owning an airplane, since renting your own hangar can cost nearly $5,000 per year in some cases. This site is owned and operated by Charlie Gasmire. You dont want to hit your head on that panel in a crash. Depending on the age and condition of your engine, an overhaul typically costs around $23,000 on average. They are the same except for pressurization, correct? Owning Vs Renting Vs Club: Is It Worth Owning Your Own Plane? It is the only flat eight configuration other than the Jabiru 5100. Our most recent survey of accidents showed that 21 percent were engine-relateda pattern thats consistent. One owner cited this as the reason he chose the Malibu over the Mirage. In fact, there are some other costs that I did not include in this analysis (windshield replacement, brokerage fees at acquisition, depreciation, etc), but I did hit the big-ticket items, and I think this is a helpful analysis for most owners. Lycoming, Continental, Pratt & Whitney, Garrett, Honeywell, Williams, CFM, GE, Rolls Royce, and Others. Get the 23 resources I wish I had at the start of my aviation journey in an easy-to-reference PDF. Norvic are TCM Continental specialists and by using genuine TCM Continental parts will ensure your Piper Malibu Mirage PA46 is back in the air with the minimum of fuss. Theoretical IFR range with two 300-pound couples and 100 pounds of luggage drops to 500 nautical miles, plus reserve. Miles is an engineer, pilot, and aircraft owner located in Bend, Oregon. Again, some of these mods appeared on later Malibus. But owners really like their airplanes. With a more capable bird your fixed costs per year will be much higher. Later models have overhead switches that are a challenge for the presbyopic set and concern us from a crashworthiness standpoint. As pilots, planning is an extremely important skill, and this includes financial planning. A Jetprop is just as easy to fly as a piston PA-46. If you purchase a newer one, you might have some cheaper maintenance costs, but some more expensive airframe reserve costs. Overhauling an aircraft engine typically involves taking it out of the aircraft, disassembling it, inspecting it, repairing it as necessary, reassembling it, and reinstalling it in the plane. The airstair door is a plus, making for relatively easy entry and egress. If youre mechanically inclined and able to do the labor yourself, you can save quite a bit on oil changes. 2 years on airframe and avionics and 5 years on engine. The Piper PA-46 Malibu and Matrix, now known as the M-Class, are a family of American light aircraft manufactured by Piper Aircraft of Vero Beach, Florida. I included Factory REMAN costs for the piston versions, and VRef values for the turbine versions. I routinely fly at flight levels of 240 or 250 and achieve a true air speed of 230-235 knots. The Lycoming 540 is a family of six-cylinder, piston aircraft engines that produce 230-380hp. For most owner-flown pilots, the Jetprop will be the last airplane they will buy. . As the name implies, variable costs vary with how much you fly. The room and seating plus the speed were really nice. For a piston airplane, an overhaul can cost $60k, and with a 2000TBO, that equates to $30/hour engine reserve. The PA-46s long, high-aspect-ratio wing is good for climb and high-altitude performance, but along with it comes a low maneuvering speed in the mid-130s KIAS at gross, decreasing as the airplane gets lighter. I have been flying since I was 14 years old and have been in love with aviation for as long as I can remember. After spending years watching every video I could find about flying, I finally scratched the itch and got my pilots license. Ok, so I'm considering thinking about investigating the possibility of a Malibu (not Mirage - prefer LOP). I love how responsive it is to the yoke movements now. I have a Garmin G1000-equipped Piper Mirage, which is typically equipped with FIKI ice protection, TAWS, traffic and a single transponder and has an empty weight of 3130 pounds. Andthe brakes on a PA-46 are susceptible to failure when neglected (see this post for more info). Some of our partners may process your data as a part of their legitimate business interest without asking for consent. When I get my instrument rating, this rate may decrease slightly. The Piper Meridian is a single engine turboprop that is typically outiftted with one cabin zone and has a range of 490 nm. Although certain things like tires and spark plugs will need to be replaced the more you use a plane, other costs like annual inspections are fixed year to year. This does not include an engine overhaul fund, which we will discuss later. Although the fuel burn is higher, the speed is much faster. Ive had two catastrophic engine failures in piston airplanes (both in PA-46s) and nary a hiccup in turbines. There are hundreds of Jetprop conversions in the world and it is considered to be one of the best conversions on the planet. I did the 65% 70% and 75% power for an hour each as you suggested. As our recent owner feedback shows, many Malibu and Mirage owners have held on to their aircraft for many years. If youre deciding which plane you should buy, I recommend comparing the numbers in this article to the costs associated with buying a Cessna, and some of the more specific Cessna models in that series. 5.) I've flown six hours the past two days and the plane is doing great. ). Malibu Aerospace is internationally renowned for our inspections, major maintenance, and STC installations. We suggest finding one thats had a glass upgrade. Thats mostly true, but these airplanes dont have standup cabins. As you can probably guess, variable costs change depending on how often you fly your plane. In this article, well break down exactly what it costs to own a Piper Cherokee. Malibu pilots report cruise speeds of 205 knots TAS at FL220 at 67 percent power and 210 knots true at FL250 at 75 percent. In this article, we will discuss my personal operating costs for owning and flying my 1968 Cherokee 140 based in Bend, a medium-sized city in Central Oregon, United States. Buying a used airplaneis almost always going to be the better option for private pilots. Notice I'm using the term "Malibu" and not Mirage, Jetprop, or Meridian. Malibu Aerospace took a PA46 rookie and made him feel like he had owned the aircraft for years. Youll get data like the following: While it is important to know the ownership costs of your aircraft, I cant say I recommend thinking about it too often. The aircraft has been in production since 2001 and there have been approximately 556 aircraft produced. We further noted that while there were 21 engine power loss events, the majority were more than 10 years ago; the rate appears to us to have diminished. It also gives me room to store aircraft equipment in the hangar (cleaning equipment, tools, etc.). Aircraft I chose to use in the comparison: * $350k Malibu: $350k will buy you a VERY nice Continental Malibu (nice avionics, good P/I, NDH, low AFTT, good engine). Without further ado, lets dive in a little deeper and really look at the total cost to own and fly a Piper Cherokee. Beechcraft King Air 200 vs. Mitsubishi MU2. Available as carburated (O), fuel injected (IO), and Aerobatic versions (AIO/AEIO). 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