Aircraft Life limited Components are a category of airplane fixed expenses. Life Limited Components expire based on a set number of calendar days and are typically not serviced based on airplane flight hours for part 91 operators.
We’ve been reviewing many maintenance costs that can be defined as “fixed.” The items in the summary table below have been reviewed in prior articles and you can click the link for more information.
Cirrus Aircraft Life Limited Components
|Aircraft annual inspection base fee||1||$2,613|
|ELT ME406 annual inspection||1||$148|
|Oxygen Cylinder Overhaul||5||$903|
|ELT ME406 battery||6||$180|
|CAPS Line Cutter Replacement||6||$1,198|
|EMA Airbag Maintenance||7||$425|
|Cirrus Airframe Parachute||10||$16,370|
In a shared airplane ownership you can reduce your cost on Life Limited Components by more than 50% – 75% depending on the number of members participating.
Categorizing expense as scheduled or unscheduled is not very helpful in determining how to allocate the cost among members. Typically, only two categories of airplane operating expense are needed: “fixed expense” and “variable expense.” This grouping of Life Limited Components would be categorized as “fixed expenses.” Usually, fixed cost would be split equally among members because it’s not calculated into the hourly operating rate and it shouldn’t be. A fixed expense can be incurred regardless of the number of hours the plane is flow.
Flying is expensive, but gaining a clearer understanding of the cost can help you find ways to save which will extend your flying budget.
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