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The Conklin & de Decker Report Bombardier Learjet 45XR Created on August 21, 2019 by Doug Strangfeld © 2019 Conklin & de Decker Associates, Inc PO BOX 121184 1006 North Bowen, Suite B Arlington, TX 76012 www.conklindd.com Data version: V 19.1 Bombardier Learjet 45XR RANGE 1,685 nm SPEED 465 kts PASSENGERS 8 people Cost ACQUISITION COST ANNUAL COST VARIABLE COST FIXED COST $4,500,000 $1,444,335 $2,250/hr $544,508 MAX PAYLOAD 1,875 lb ENGINES 2 Honeywell Engines TFE 731-20BR TOTAL CABIN AREA 415 cu ft AVIONICS Honeywell Primus 1000 WINGSPAN 47.8 ft APU Standard Assumptions This report uses custom assumptions that differ from Conklin & de Decker default values for Annual Utilization (Hours), Fuel Price (Jet A). ANNUAL UTILIZATION (DISTANCE) 171,600 nm FUEL PRICE (JET A) $4.45/gal ANNUAL UTILIZATION (HOURS) 400 hrs LABOR COST $136/hr AVERAGE SPEED (STANDARD TRIP) 429 kts ACQUISITION COST $4,500,000 Bombardier Learjet first flying on February 24, 1966, and the Model 25 first flying on August 12, 1966. On September 19, 1966, the company was renamed Lear Jet Industries Inc. Bill Lear founded Learjet in the late 1950s as the Swiss American Aviation Corporation. Lear had a vision to build a jet-powered business airplane because In 1969, Learjet merged with Gates Aviation and was renamed Gates Learjet business aircraft during this time period were mainly piston-powered and slow. He Corporation. Production of aircraft then began in Tucson, AZ, as well as Wichita. began laying out plans to build a jet-powered business aircraft based on the P-16 Company headquarters moved to Tucson in 1986. In 1987, Gates Learjet was bought Swiss Fighter. He ultimately ran into opposition from the company board of directors by Integrated Acquisition and renamed Learjet Corporation. All aircraft production was to build this aircraft and sold his controlling interest to the Siegler Corporation for moved back to Wichita. Integrated Acquisition filed for Chapter 11 bankruptcy in 1990 $100 million to finance the venture. and Bombardier then stepped in to purchase Learjet. It has been a subsidiary of Bombardier ever since. The tooling for building the aircraft was purchased and moved from Switzerland to Wichita, KS. LearJet opened in September 1962, while the plant at Wichita's airport Learjet 45XR was under construction. Assembly of the first Learjet began in 1963. The norm for a The Learjet 45XR is a Learjet 45 with a 1,000-pound heavier ramp and takeoff new concept aircraft was to hand build a prototype for flight testing. Lear decided to weights as well as two TFE 731-20BR engines. take a huge risk by skipping this step and moving directly into production. This was extremely risky because the designs could fail, requiring redesign and retooling that The Learjet 45 was the first completely new model, since the original Learjet 23. It is would force the company into bankruptcy. Lear took the risk in order to beat the larger than the Learjet 31 and smaller than the 60. The cabin is 7 feet longer than the competition. 31 and has more head and shoulder room than any other aircraft in its class. The cabin has double-club seating, a galley and a full aft lavatory. The risk paid off and the Learjet 23, a six- to eight-seater, first flew on October 7, 1963. The first production model was delivered in October 1964. Despite a healthy The cockpit has a Honeywell Primus 1000 integrated avionics suite and the backlog of orders, Lear did not have the capital necessary to begin production. In Honeywell TFE 731-20BR engines are FADEC equipped. order to resolve this issue, Lear sold a portion of his holdings to the public and made the company a public-owned corporation. Several models followed, with the Model 24 The Learjet 45XR was certificated in 2003. 2 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Bombardier Learjet 45XR 1. Cost ACQUISITION COST ANNUAL COST VARIABLE COST FIXED COST $4,500,000 $1,444,335 $2,250/hr $544,508 Total Annual Cost With Market Depreciation $1,750,335 51% - Variable Cost - $899,827 31% - Fixed Cost - $544,508 17% - Market Depreciation - $306,000 Hourly Variable Cost PER FLIGHT HOUR $2,250/hr Fuel 1 $1,010 Fuel $1,010 Additives — Maintenance $488 Maintenance Labor 2 $316 Parts Airframe/Engine/Avionics $112 Thrust Reverser Allowance — APU Allowance $60 Major Periodic Maintenance — Engine Reserves $549 Miscellaneous Reserves $204 Landing/Parking $28 Crew Expenses $115 Supplies/Catering $61 1. Fuel is calculated using Fuel Cost x Fuel Burn + 15% - 227 gal/hr 2. Maintenance Labor Cost is calculated using the ratio of Maintenance Labor Hours per Flight Hour and the Labor Rate: 2.32 labor-hr/Fhr @ $136/hr 3 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Costs are forward looking estimates based on Conklin & de Data Version: V 19.1 Decker Research. For comparison purposes only. Bombardier Learjet 45XR Annual Fixed Cost ANNUAL COST $544,508 Crew $344,500 Captain $155,000 Copilot $110,000 Flight Attendant — Benefits $79,500 Hangar $33,500 Insurance $33,700 Hull $25,200 Single Limit Liability $8,500 Aircraft Modernization $35,700 Training $43,000 Miscellaneous $54,108 Navigation Chart Service $4,638 Refurbish $43,520 Computer Maintenance Program $5,250 Weather Service $700 Other — 4 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Costs are forward looking estimates based on Conklin & de Data Version: V 19.1 Decker Research. For comparison purposes only. Bombardier Learjet 45XR 2. Performance NORMAL CRUISE LONG-RANGE CRUISE MAXIMUM CRUISE 436 kts 432 kts 465 kts RATE OF CLIMB MAX CERT. ALTITUDE INITIAL CRUISE ALTITUDE TIME TO CRUISE ALTITUDE 2,630 ft/min 51,000 ft 45,000 ft 37 min ENGINE OUT RATE OF CLIMB ENGINE OUT CEILING 589 ft/min 27,900 ft Field Length FAR-91 2,463 ft FAR-135 3,079 ft FAR-121 4,105 ft Balanced Field Length 4,550 ft 3. Weight/Payload Weight Breakdown With Max Payload With Max Fuel With Max Payload With Max Fuel MAXIMUM PAYLOAD RANGE AT MAX PAYLOAD AVAILABLE PAYLOAD PASSENGER CAPACITY 1,875 lb 1,673 nm 1,563 lb 7.8 people RAMP 21,750 lb MAX TAKEOFF 21,500 lb MAX LANDING 19,200 lb ZERO FUEL 16,000 lb BASIC OPERATING 14,125 lb USABLE FUEL 6,062 lb USEFUL LOAD 7,625 lb 5 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Bombardier Learjet 45XR 4. Range Centennial Airport (APA • KAPA) Maximum Cruise 1,719 nm Long-Range Cruise 1,841 nm Map data ©2019 Google, INEGI Long-Range Cruise Maximum Cruise RANGE AVERAGE SPEED RANGE AVERAGE SPEED 1,841 nm 432 kts 1,719 nm 465 kts ENDURANCE PASSENGERS ENDURANCE PASSENGERS 4.26 hrs 4 people 3.7 hrs 4 people SEATS FULL RANGE 1,685 nm FERRY RANGE 1,937 nm 6 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Bombardier Learjet 45XR 5. Interior PASSENGERS CREW AREA PER PASSENGER 8 people 2 people 36 cu ft/person CABIN VOLUME BREAKDOWN 415 cu ft TOTAL CABIN AREA PASSENGER AREA MISC SPACE (GALLEY, LAV, ETC.) 415 cu ft 288 cu ft 127 cu ft CABIN WIDTH CABIN LENGTH CABIN HEIGHT 5.12 ft 19.75 ft 4.92 ft TOTAL BAGGAGE AREA INTERNAL EXTERNAL 65 cu ft 15 cu ft 50 cu ft DOOR WIDTH (DOOR) LENGTH (DOOR) 12 sq ft 2.5 ft 4.8 ft 7 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Bombardier Learjet 45XR 6. Exterior WINGSPAN FUSELAGE 47.8 ft 57.6 ft POWERPLANT 2 Honeywell Engines TFE 731-20BR THRUST THRUST REVERSER 3,500 lb Standard 8 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Bombardier Learjet 45XR 7. Equipment AVIONICS Honeywell Primus 1000 COCKPIT VOICE RECORDER Standard FLIGHT DATA RECORDER Optional EICAS Standard GROUND WARNING SYSTEM EGPWS TRAFFIC WARNING SYSTEM TCAS 2000 MAINT DIAG SYS Standard VHF 8KHZ SPACING Standard AUXILIARY POWER UNIT Standard MEETS STAGE 3 NOISE LEVELS Yes REGULATORY CERTIFICATION 2003 IFR CERTIFIED Yes PRODUCTION 2003 - 2012 SINGLE POINT REFUEL Standard EXTERNAL LAV. SERVICE Standard 9 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Bombardier Learjet 45XR Explanation of Terms Introduction The following describes the content of each cost element used in The Conklin & de Decker Report. Aircraft not yet certified will be noted as Awaiting Cert in bold red on the program screen and bold print in the footnotes section printout. This is to indicate the data shown is preliminary in nature. If an aircraft is marked as Preliminary Data, the aircraft has been certified but the data is still preliminary at this stage. Methodology and Disclaimer It is the opinion of Conklin & de Decker that the data presented in this publication is based on resonable methodologies and assumptions, and reliable sources. Manufacturer data may be based on differing assumptions, sales price adjustments, individually negotiated fleet contracts, differing warranties, or specialty maintenance programs particular to a manufacturer or year of production, and is therefore, in the opinion of Conklin & de Decker, not suitable for comparison with other aircraft.
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