Economic Comparisons
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Eclipse 500 Total Operating Costs Compared to Other Aircraft

500 Flight Hours per Year
Initial Three-Year Average Cost Analysis

ACQUISITION COSTS

Eclipse 500
With JetComplete™
Cessna Mustang Adam A700 Embraer Phenom 100 Honda HondaJet Diamond D-Jet Piper PiperJet Beechcraft Baron G58 Piper Malibu Mirage Adam A500 Piper Meridian Beechcraft King Air C90GT EADS Socata TBM 850
Published Price $1,595,000 $2,395,000 $2,250,000 $2,980,000 $3,650,000 $1,380,000 $2,199,000 $1,078,450 $1,141,500 $1,200,000 $1,915,000 $2,951,750 $2,850,000
Month & Year of Published Price Point June 2006 August 2002 May 2007 January 2005 October 2006 July 2006 October 2006 May 2007 May 2007 May 2007 May 2007 May 2007 May 2007
Actual Price in July 2007 $1,636,000 $2,669,000 $2,250,000 $3,258,000 $3,774,000 $1,411,000 $2,274,000 $1,079,000 $1,142,000 $1,201,000 $1,915,000 $2,952,000 $2,851,000

OPERATING COSTS

Eclipse 500
With JetComplete™
Cessna Mustang Adam A700 Embraer Phenom 100 Honda HondaJet Diamond D-Jet Piper PiperJet Beechcraft Baron G58 Piper Malibu Mirage Adam A500 Piper Meridian Beechcraft King Air C90GT EADS Socata TBM 850
Eclipse 500 JetComplete™ Hourly Rate $149.00 No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
Other Manufacturers'
"Pay-By-The-Hour"
Programs
N/A No Similar
Program Available
$350.00 No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
$250.00 No Similar
Program Available
No Similar
Program Available
No Similar
Program Available
Variable Costs per Flight Hour                          
Fuel
($3.85 JetComplete / $4.25 not enrolled)
$211.75 $332.61 $340.00
DATA NOT
PUBLISHED
DATA NOT
PUBLISHED
DATA NOT
PUBLISHED
DATA NOT
PUBLISHED
$129.35 $114.57 $125.65 $162.61 $380.65 $258.70
Scheduled & Unscheduled Maintenance
(airframe, avionics, and engines)
                 
   Parts (including shipping) Included $50.00 Included $34.60 $23.19 Included $32.47 $68.65 $48.18
   Labor Included $52.80 Included $41.04 $43.20 Included $56.70 $76.95 $60.75
Propeller Overhaul N/A N/A N/A $7.00 $2.68 Included $1.16 $2.16 $1.50
Total Variable Costs per Flight Hour
$211.75 $435.41 $340.00 $211.99 $183.64 $125.65 $252.94 $528.41 $369.13
Annual Fixed Costs                  
Insurance $32,000 $40,000 $40,000 $31,861 $22,295 $34,900 $34,579 $31,985 $30,925
Jeppesen Electronic NavData
and Approach Charts
Included $1,961 $1,961 $1,961 $1,961 $1,961 $1,961 $1,961 $1,961
XM WX Satellite Weather Aviator Edition Included $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00 $600.00
Recurrent Training Included $9,900 $9,900 $5,900 $3,700 $4,600 $5,300 $16,600 $5,300
OneCall AOG Service* Included $20,500** $20,500** $20,500** $20,500** $20,500** $20,500** $20,500** $20,500**
Flight Support* Included
Automated Aircraft Systems
Trending and Monitoring*
Included
Rental Engine Liability
Insurance ($10M coverage)
Included
Safety-of-Flight Service Bulletins Included
Enhanced Operators'
Web Site Functionality*
Included
Total Fixed Costs per Year
$32,000 $72,961 $72,961 $60,882 $49,056 $62,561 $62,940 $71,646 $59,286
Total Fixed Costs per Hour
$64.00 $145.92 $145.92 $121.64 $98.11 $125.12 $125.88 $143.29 $118.57
TOTAL OPERATING COSTS PER HOUR
$424.75 $581.33 $835.92 $333.63 $281.75 $500.77 $378.82 $671.70 $487.70

 

Notes:

(1) Inflation is calculated through July 2007 using actual CPI-W.

(2) Cessna Mustang price escalated from September 2002 to November 2006 as described in Citation Mustang Preferential Price and Preferred Delivery Agreement.

(3) A-700, Baron G58, Mirage, A-500, Meridian, King Air C90GT and TBM 850 prices as published in May 2007 Business & Commecial Aviation. We assumed prices will increase at projected CPI-W.

(4) Operating Cost estimate for Cessna Mustang derived from marketing information, Conklin & de Decker, The Aircraft Cost Evaluator, Spring 2007 and quotes from service providers.

(5) Operating Cost estimates for Baron 58, Malibu Mirage and Adam A500 derived from Conklin & de Decker, The Aircraft Cost Evaluator, Spring 2007 and quotes from service providers.

(6) Adam Aircraft's 'Pay-By-The-Hour" ASAP programs for the A700 and A500 include engine reserves and unspecified AOG support.

(7) Fuel cost based upon $4.25 per gallon for full retail customers and an assumed discount for Eclipse customers enrolled in JetComplete.

(8) Eclipse 500 fuel costs assumes $0.40 discount per gallon when enrolled in JetComplete.

(9) Insurance premium estimated for a 1000 hour total time pilot and $1M liability with a substantial discount exclusively available to Eclipse 500 operators enrolled in JetComplete (actual discount will vary).

* These offerings are exclusive to JetComplete customers
** $20,500 estimated annual value for services

JetComplete Terms & Conditions:

(1) The JetComplete program offerings and prices contained herein are subject to change at any time without notice until signing of the JetComplete agreement, at which time prices are fixed for the program term. Prices do not include applicable taxes.

(2) A three-year commitment is required. A minimum of 300 flight hours during the three-year program is required. The program is limited to a maximum of 3,000 flight hours for three years.

(3) Program is valid for “N” numbered aircraft operated in the continental (48) states.

(4) Prices are valid only for enrollment of new aircraft at the time of initial delivery.