Your TBO isn’t just about your safety; it is also about the resale value of your PT6A engine and aircraft. Your aircraft will not sell very quickly if your maintenance log books aren’t kept up to date. You want to have a reasonable amount of work done on your engine at all recommended intervals so that the next prospective owner knows that the airplane is in tip-top shape.
A light overhaul is a great way to keep your maintenance log books full without emptying your wallet. The light overhaul is different than a full overhaul because it focuses solely on the most important parts of the PT6A engine. This ensures the safety of your flight beyond TBO, extends the life of the aircraft and lets the aircraft retain the most resale value.
Covington Aircraft knows that maintaining a PT6A engine can be expensive. Sometimes that TBO sneaks up on you and hits you with an expensive overhaul. But that doesn’t need to be the case. You can choose a light overhaul because it costs roughly half of what a full overhaul costs. This can save you money if you currently can’t afford a full overhaul, or you can have a light overhaul done just before selling your craft so you don’t have to cover the entire cost of a regular overhaul.
At Covington Aircraft, we take great care in completing the light overhaul and in filling out your maintenance logs. We will make sure that every little detail of our work is logged into your maintenance record so that you can show your prospective buyers down the road. Nowhere in the log will it explicitly say “Light Overhaul”. Instead, we choose to focus on the work completed when filling out the books. Every single job, no matter how large or small, will be recorded and the work will stand for itself. A prospective buyer will be impressed with the quality of the work and the detail of the maintenance log.
Of course, a light overhaul is not just for people looking to sell an aircraft. The light overhaul will earn you another 2,500 of flight time beyond your TBO. That is a pretty impressive amount of airtime for such an affordable overhaul. This allows pilots to stay in the air and make more money. Later on down the road, a full overhaul can be purchased as the 2,500th hour approaches. This allows you to choose your business’s finance options throughout the year.
Perhaps you have expanded your fleet and need light overhauls to keep the entire fleet in the air. The light overhaul is a great option for the entire fleet. Your expanded fleet will make you more money as you work towards the 2,500-hour mark, allowing you to afford full overhauls for the entire fleet at a later date.
The light overhaul is just another way that Covington Aircraft keeps you in the air and making money. Contact us today to setup your aircraft’s light overhaul and get back to flying as soon as possible.
The concept of private jet ownership arose in the early 1960s, but the high purchase price, storage, maintenance and operation costs made the purchase of planes inaccessible to all but the ultra-rich. Since the introduction of private jet ownership, the industry has grown rapidly and adapted to changing economic and social circumstances.
The First Jets
Plans for jet propulsion systems were on the drawing boards of Sir Francis Whittle and Dr. Hans von Ohain by the early 1930s. While Whittle was the first to receive a patent for his system, in 1930, it was Ohain who got the first jet off the ground, in 1939. Whittle did the same two years later.
A tug of war ensued within the airline industry between propeller-driven aircraft and the new jet technology. Jets won the battle for supremacy in the longer-route market, relegating prop-driven planes to shorter hops between cities.
Not long after World War II, private enterprise saw the advantage of taking more passengers further and faster, and the commercial jet industry skyrocketed. In the early 1960s, private jet travel became popular with a handful of millionaire businessmen.
The Introduction of Private Jets
At first, jets were fairly standard, but as the rich became more accustomed to the finer things on the ground, they soon wanted them in the air too. The jet companies complied, with the interiors of some planes paneled in posh mahogany wood, seats upholstered in leather, well-stocked wet bars and just about any service or amenity you might find in five-star hotels. Think Waldorf Astoria in the air. One of the most well-known entries to the market came in in 1963 when the Learjet was introduced; it has since become almost synonymous with small privately owned jets.
In the ensuing decades, the demand for such conspicuously opulent planes has shifted to a more austere, office-like design as businesses became the predominant customers. But amenities for business purposes remained, such as satellite phones and flat-screen monitors. Think a flying Motel 6.
The Industry Grows and Changes
In the 1990s growth in the industry took off in large part because of the new concept of fractionalized ownership. The concept was introduced by Executive Jet and later rebranded as NetJets after Warren Buffets Berkshire Hathaway became the majority owner of the company.
Under fractionalized ownership, companies share the cost of using, maintaining and housing the jets, as well as cover payroll and other costs. Its more of a lease arrangement, in which some operators offer the availability of a jet for company use in as little as 4 hours. While fractional ownership represents less than a 20 percent share of the private jet market, those numbers are expected to grow with environmental awareness and an increase in the number of companies streamlining costs.
Did You Know?
Well before jets hit the market, privately owned airplanes for the well-to-do were being sold as early as the 1920s and 1930s.
The first privately owned planes cost about $1 million each. Today, private supersonic jets costing more than $300 million are already on back order and expected to be delivered by 2014.
The new supersonic private jets can fly from New York to Paris in a little over 4 hours. The fastest jets available now take more than 6 hours to cover that distance.