Bombardier Learjet 60XR
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The Conklin & de Decker Report Bombardier Learjet 60XR 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 60XR RANGE 2,044 nm SPEED 465 kts PASSENGERS 7 people Cost ACQUISITION COST ANNUAL COST VARIABLE COST FIXED COST $3,200,000 $1,479,881 $2,367/hr $533,078 MAX PAYLOAD 2,104 lb ENGINES 2 Pratt & Whitney Canada PW305A TOTAL CABIN AREA 447 cu ft AVIONICS Collins Pro-Line 21 WINGSPAN 43.8 ft APU Standard Assumptions This report uses custom assumptions that differ from Conklin & de Decker default values for Acquisition Cost, Annual Utilization (Hours), Fuel Price (Jet A). ANNUAL UTILIZATION (DISTANCE) 169,600 nm FUEL PRICE (JET A) $4.45/gal ANNUAL UTILIZATION (HOURS) 400 hrs LABOR COST $136/hr AVERAGE SPEED (STANDARD TRIP) 424 kts ACQUISITION COST $3,200,000 Bombardier Learjet In 1969, Learjet merged with Gates Aviation and was renamed Gates Learjet Corporation. Production of aircraft then began in Tucson, AZ, as well as Wichita. Bill Lear founded Learjet in the late 1950s as the Swiss American Aviation Company headquarters moved to Tucson in 1986. In 1987, Gates Learjet was bought Corporation. Lear had a vision to build a jet-powered business airplane because by Integrated Acquisition and renamed Learjet Corporation. All aircraft production was business aircraft during this time period were mainly piston-powered and slow. He moved back to Wichita. Integrated Acquisition filed for Chapter 11 bankruptcy in 1990 began laying out plans to build a jet-powered business aircraft based on the P-16 and Bombardier then stepped in to purchase Learjet. It has been a subsidiary of Swiss Fighter. He ultimately ran into opposition from the company board of directors Bombardier ever since. to build this aircraft and sold his controlling interest to the Siegler Corporation for $100 million to finance the venture. Learjet 60XR The Learjet 60XR is a Learjet 60 with the Collins Pro Line 21 avionics unit. Cabin The tooling for building the aircraft was purchased and moved from Switzerland to layout has also improved. The new cabin design includes a window in the lavatory. In Wichita, KS. LearJet opened in September 1962, while the plant at Wichita's airport turn, the Learjet 60 was derived from the Learjet 55. was under construction. Assembly of the first Learjet began in 1963. The norm for a new concept aircraft was to hand build a prototype for flight testing. Lear decided to The Learjet 55 was Lear’s entry into the medium sized business jet field. In designing take a huge risk by skipping this step and moving directly into production. This was the 55, Learjet utilized the earlier Longhorn 28/29 wing with winglets and married it to extremely risky because the designs could fail, requiring redesign and retooling that a larger fuselage. The step-down aisle in the cabin has 5 feet 9 inches of headroom. would force the company into bankruptcy. Lear took the risk in order to beat the Power is supplied by two Honeywell TFE 731 engines, which produce 3,700 pounds competition. of thrust each. The risk paid off and the Learjet 23, a six- to eight-seater, first flew on October 7, The Learjet 55B introduced a digital flight deck, modified wings, and an improved 1963. The first production model was delivered in October 1964. Despite a healthy interior. The 55C was equipped with delta fins that improve performance and backlog of orders, Lear did not have the capital necessary to begin production. In handling. Further improvements and a larger cabin resulted in the Learjet 60. The order to resolve this issue, Lear sold a portion of his holdings to the public and made improved Learjet 60 first flew in June 1991, and the fuselage is 3.5 feet longer than the company a public-owned corporation. Several models followed, with the Model 24 the Learjet 55. It is powered by Pratt & Whitney Canada PW305 turbofan engines. 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. Deliveries of the Learjet 60XR began in 2006. 2 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Bombardier Learjet 60XR 1. Cost ACQUISITION COST ANNUAL COST VARIABLE COST FIXED COST $3,200,000 $1,479,881 $2,367/hr $533,078 Total Annual Cost With Market Depreciation $1,765,481 54% - Variable Cost - $946,803 30% - Fixed Cost - $533,078 16% - Market Depreciation - $285,600 Hourly Variable Cost PER FLIGHT HOUR $2,367/hr Fuel 1 $988 Fuel $988 Additives — Maintenance $523 Maintenance Labor 2 $320 Parts Airframe/Engine/Avionics $133 Thrust Reverser Allowance — APU Allowance $70 Major Periodic Maintenance — Engine Reserves $651 Miscellaneous Reserves $206 Landing/Parking $30 Crew Expenses $115 Supplies/Catering $61 1. Fuel is calculated using Fuel Cost x Fuel Burn + 15% - 222 gal/hr 2. Maintenance Labor Cost is calculated using the ratio of Maintenance Labor Hours per Flight Hour and the Labor Rate: 2.35 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 60XR Annual Fixed Cost ANNUAL COST $533,078 Crew $344,500 Captain $155,000 Copilot $110,000 Flight Attendant — Benefits $79,500 Hangar $31,200 Insurance $32,020 Hull $23,520 Single Limit Liability $8,500 Aircraft Modernization $35,700 Training $40,990 Miscellaneous $48,668 Navigation Chart Service $4,638 Refurbish $38,080 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 60XR 2. Performance NORMAL CRUISE LONG-RANGE CRUISE MAXIMUM CRUISE 436 kts 423 kts 465 kts RATE OF CLIMB MAX CERT. ALTITUDE INITIAL CRUISE ALTITUDE TIME TO CRUISE ALTITUDE 4,500 ft/min 51,000 ft 41,000 ft 18 min ENGINE OUT RATE OF CLIMB ENGINE OUT CEILING 718 ft/min 24,300 ft Field Length FAR-91 3,190 ft FAR-135 3,988 ft FAR-121 5,317 ft Balanced Field Length 5,920 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 2,104 lb 1,789 nm 944 lb 4.7 people RAMP 23,750 lb MAX TAKEOFF 23,500 lb MAX LANDING 19,500 lb ZERO FUEL 17,000 lb BASIC OPERATING 14,896 lb USABLE FUEL 7,910 lb USEFUL LOAD 8,854 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 60XR 4. Range Centennial Airport (APA • KAPA) Maximum Cruise 2,053 nm Long-Range Cruise 2,182 nm Map data ©2019 Long-Range Cruise Maximum Cruise RANGE AVERAGE SPEED RANGE AVERAGE SPEED 2,182 nm 426 kts 2,053 nm 466 kts ENDURANCE PASSENGERS ENDURANCE PASSENGERS 5.12 hrs 4 people 4.41 hrs 4 people SEATS FULL RANGE 2,044 nm FERRY RANGE 2,398 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 60XR 5. Interior PASSENGERS CREW AREA PER PASSENGER 7 people 2 people 37.4 cu ft/person CABIN VOLUME BREAKDOWN 447 cu ft TOTAL CABIN AREA PASSENGER AREA MISC SPACE (GALLEY, LAV, ETC.) 447 cu ft 262 cu ft 185 cu ft CABIN WIDTH CABIN LENGTH CABIN HEIGHT 5.92 ft 17.67 ft 5.71 ft TOTAL BAGGAGE AREA INTERNAL EXTERNAL 48 cu ft 24 cu ft 24 cu ft DOOR WIDTH (DOOR) LENGTH (DOOR) 10.6 sq ft 2 ft 5.3 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 60XR 6. Exterior WINGSPAN FUSELAGE 43.8 ft 58.7 ft POWERPLANT 2 Pratt & Whitney Canada PW305A THRUST THRUST REVERSER 4,600 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 60XR 7. Equipment AVIONICS Collins Pro-Line 21 COCKPIT VOICE RECORDER Standard FLIGHT DATA RECORDER Optional EICAS Standard GROUND WARNING SYSTEM EGPWS TRAFFIC WARNING SYSTEM TCAS II MAINT DIAG SYS Standard VHF 8KHZ SPACING Standard AUXILIARY POWER UNIT Standard MEETS STAGE 3 NOISE LEVELS Yes REGULATORY CERTIFICATION 2007 IFR CERTIFIED Yes PRODUCTION 2007 - 2013 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 60XR 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.