Cost of OWNERSHIP of a Cirrus Vision SF50

welcome back to our channel where we take a look at some of the most popular private jets and dive into their features today we're getting acquainted with cirrus vision sf50 otherwise known as the vision jet this is an amazing personal jet that is considered among the easiest and cheapest ways to access the private aviation world this marvelous piece of tech is both fun and elegant with some of the best features in the jet world at a seriously more accessible price tag so let's explore the characteristics of this little marvel first we'll explore the specs and intricacies of the vision and then delve into the real price of owning the jet before we get on to that please consider liking and subscribing to our channel it helps us a lot with the youtube algorithm and lets us know that we are helping to enrich lives out there if you are into aviation have a look at our new aviation compilation channel aviation central it is the first link in the description we would highly appreciate it and without any further ado let's get on to the video cirrus started to develop what would later become the vision sf50 in 2003 which later in 2006 was announced and teased to the public under the project name the jet the vision started as first test flights in 2008 and stuttered slightly due to financial issues related to the financial crisis but ultimately concluded in the beginning of 2014 in april 2015 cirrus started production on the first of the 550 jets that were already ordered and which completed its maiden flight on may 5th 2016. on december 19 2016 the first customer vision sf50 was delivered out of 600 orders the new 16 million dollar 70 000 square foot finishing center in duluth where cirrus employs more than 750 workers had the first customer delivery ceremony the vision sf50 is a low wing cantilever monoplane with williams fj33 4a19 turbofan engine which is positioned above the rear fuselage and which generates 1900 pound per foot of torque the overall design of the jet is elegant and gracious and is comprised entirely of composite material a first when it comes to production jets the rear fuselage of the sf50 has a distinct look with the jets engine sitting on a stylish v-shaped tail the cabin which is 5.1 feet or 1.56 meters wide and 4.1 feet or 1.24 meters high can be accessed through a clamshell door on the left of the aircraft and can accommodate up to seven occupants one of the most interesting and innovative characteristics of this jet is the fact that it is the first to ever be equipped with a whole aircraft ballistic parachute the cirrus airframe parachute system or caps and some of cirrus's previous piston engine aircraft such as the sr-22 this system deployed from the aft to the cabin the jet caps used for the sf-50 instead deployed from the nose of the jet pathwatic series president of innovation and operations told reporters at the national business aviation association meeting in orlando that the parachute project was so tough to implement that the company almost gave up on it today it is one of the best selling points when it comes to the sf50 as it provides a level of security unequaled to this day by other manufacturers in the private jet world the vision jet is a very light jet with a top speed of 300 knots true air speed and 28 000 feet maximum altitude certification and has a range of 1000 nautical miles or 1852 kilometers while it will accommodate seven people pad water president of innovation and operations claimed it can easily sit five people in the forward cabin with two little seats accessible in the back of the aircraft now let's have a look at the cockpit cirrus perspective touch a variation of the garmin g3000 cockpit attempts to transition sears piston customers into the jet environment for example the switches are practically all in the same spot these similarities take nothing away from the modernity of the sf50 cockpit as the jet panel on the other hand has a number of synoptic pages for monitoring and managing the jet systems the pilot can control all the navigation and communication systems which are displayed on the large primary and multi-function displays by using a set of small touch screens make sure to watch to the end as we dive deeper into the real price of owning the vision sf50 [Music] the cirrus vision sf50 launched in 2016 with a price tag of 2 million dollars today a new sf50 cost 1.96 million dollars or one million seven hundred thousand on average for a pre-owned aircraft this makes the sf50 significantly cheaper than its competition seven hundred and fifty thousand dollars cheaper than the citation m2 and over two million dollars cheaper than a phenom 100e or hondajet ha-420 as with any aircraft there are two types of costs you're going to want to pay attention to fixed cost and operating costs first let's have a look at the fixed cost breakdown the following cost are fixed and are to be expected regardless of the number of hours flown per year one of the most significant expenditures when it comes to aircraft operation is the salaries of crew members naturally the crew is an essential aspect of the aircraft's functioning your plane will not take off until you have pilots on board in addition crew members are critical to the safe operation of your aircraft as a result it's critical to ensure that your crew members are properly qualified and skilled the higher the crew's expertise level however the higher the wage they seek one advantage of the sf50 however is that it can be operated by just one pilot without the need for a flight captain this can drastically cut the cost of the crew and that cause can also be completely negated if you're behind the controls it is critical to have well-trained crew personnel they are once again critical to your aircraft's safe and effective functioning even if you count on flying this plane yourself you will have to invest both time and money to obtain a flying license however by flying the jet yourself you won't have to pay your pilot extra for every type rating they have as pilots are paid higher hourly depending on their qualifications while it is not in the air your aircraft will hopefully be stored safely on the ground here there are two options hangers and tie downs with tie downs being cheaper but leaving the jet to the mercy of the elements for extended periods of time which in turn decreases its value and increases maintenance cost if the government requires you to insure your 2019 honda civic you know they're going to do so for a two million dollar aircraft here two essential types of insurance are needed liability insurance which offers coverage against loss damage or injury to passengers cargo and baggage and hole insurance which is determined in function of the value of the aircraft in question here we put an estimate of any surprise cost that might arise which is something you should expect when owning a private jet when flying a private jet fuel expenses are a considerable hourly expense the longer time you spend flying the more gasoline the plane consumes of course depending on the aircraft's average hourly consumption measured in gallons per hour the quantity of fuel it consumes every hour would vary substantially the serious vision sf50 consumes about 50 gallons of fuel per hour maintenance is required at regular periods to guarantee that airplanes are safe to fly these intervals are based on the manufacturer's recommendations the more the aircraft flies the more maintenance it will require this cost also includes any unanticipated maintenance occurrences a bird attack or a blown tire for example will need an unexpected maintenance check an engine overhaul is a planned event that entails the engine's maintenance and examination this is a bit more serious than a cursory visual assessment as the phrase overhaul implies in the case of a substantial engine overhaul the engine must be completely disassembled and inspected the longer an engine is utilized the more wear and tear it will endure similar to how the airframe is maintained as a result the higher the number of hours flown the sooner an engine overhaul is necessary furthermore the more hours flown the more often an engine overhaul is required the handling cost as well as handling and crew fees all depend on the route followed as a result providing an exact estimate is difficult during a lengthy stay the crew has paid crew fees as a result they will vary accordingly to the location and duration of stay when you arrive at an airport you will be charged a landing fee the cost is calculated based on the weight of the aircraft furthermore landing costs differ by airport with bigger airports costing more than less busy airports additionally when arriving at an airport there are additional handling costs to pay these costs cover parking baggage unloading and other services and are determined in part by the size of the airport and aircraft miscellaneous variable expenses and miscellaneous fixed costs are fairly similar there will always be some unexpected charges no matter how carefully you plan and budget if you were to fly 200 hours per year on the sf50 you would expect the following cost total fixed costs including the payment and training of the crew hanger cost insurance and others amount to 179 000 total operating costs which include fuel cost maintenance engine overall and others amount to one hundred and forty six thousand dollars per two hundred flight hours per year the total annual budget for flying a serious vision sf50 private jet two hundred hours per year is approximately three hundred and twenty five thousand four hundred dollars these numbers place the cirrus vision sf50 among the cheapest options when it comes to operating costs in fact the operating cost of similar aircraft from cessna and honda jet are almost double that of the sf50 well guys that's it for this video click the links above to check out some of our other videos also don't forget to like and subscribe for more content like this we have many great videos coming up see you in the next video

Channel: JetStream

Views: 910,758

Keywords: Billionaire Lifestyle, Cirrus, Cirrus Vision SF50, HowToSpendIt, Luxury Helicopters, Luxury lifestyle, Luxury private jet, Millionaire Lifestyle, Money Visualisation, The Real Price of Owning a Cirrus Vision SF50, billionaire lifestyle, cessna, cirrus sr22 cost of ownership, cirrus vision jet, cirrus vision jet g2, cirrus vision jet g2 tour, cost of a private jet, general aviation, honda jet, passive income, private jet, sf50, sr22, vision jet

Id: jRJpHFW7pJE

Length: 10min 15sec (615 seconds)

Published: Sat Aug 27 2022