Expressions of interest
A possible DA62 equity group
We're looking into whether there's enough interest for a group of around 10-12 pilots to buy a Diamond DA62 together. It could be based at Redhill, Blackbushe, Fairoaks or Biggin Hill.
We're exploring the idea of buying a Diamond DA62 as a group of twelve. It's a seven-seat twin with Jet A diesel engines, FADEC and a Garmin G1000 flight deck. It has much of what we like about flying the DA40 NG, with the added range and flexibility of a twin. Fuel burn is around 20 litres per hour per engine in the cruise.
The aircraft could be based at Redhill, Blackbushe, Fairoaks or Biggin Hill.
The figures below are a first look at how the costs might work if split twelve ways, as we are at a very early stage of thinking about this.
This is entirely theoretical at this stage. No aircraft has been identified, no company formed and no money is being asked for. If it interests you please let Simon know and we will keep you posted as the idea develops.
Aircraft value
£1,200,000
Indicative DA62 cost
Members
12
1/12th equity share each
Buy-in per share
£100,000
Capital which is sold on when you leave the group
Monthly fixed
£460
Per member, indicative
Equity share
£1,200,000 aircraft ÷ 12 members = £100,000 each
Each block is one member's equity which you recover (up or down with the market) when you exit and your share is sold on.
Standing costs estimate
£66,000 a year, shared twelve ways
- Hangarage£14,000
- Insurance (hull and liability)£16,000
- Scheduled maintenance and annual£20,000
- Airworthiness, subscriptions and admin£8,000
- Contingency reserve£8,000
Flying costs estimate
About £220 per flight hour, wet
- Jet A1 fuel (approx. 45 litres/hr)£85
- Engine and propeller reserves£85
- Airframe and maintenance reserve£38
- Consumables and cleaning£12
Fly 50 hours a year and your all-in cost works out at roughly £330 per hour. At 25 hours a year it is nearer £440 per hour.