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Piper Meridian

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The Piper Meridian is a single engine turboprop that is typically outiftted with one cabin zone and has a range of 490 nm. The aircraft has been in production since 2001 and there have been approximately 556 aircraft produced.

Piper

Meridian

General Information

Start Model Year: 2001

End Model Year: In Production

fleet sizeFleet Size: 556

Engine Count: 1

passenger iconTypical Passengers: 5

Model Class: Turboprop - Single Engine

 passenger iconUp to - Passengers: 5

Piper Meridian range ring

Performance

Range:490

Max Cruising Speed:267

Ceiling (feet):30,000

Take off Distance (feet):2,000

Landing Distance (feet):1,170

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Dimensions

AIRCRAFT DIMENSION

Tail height (feet):11.3

Wing span (feet):43.0

Length (feet):11.3

Max Takeoff Weight (lbs.):5,092

CABIN DIMENSION

Height (feet):3.9

Width (feet):4.2

Length (feet):12.3

Cabin Zones:1

Current Market

Ask Price Min:$750,000

Ask Price Max:$1,900,000

Model Year Min:2001

Model Year Max:2013

Total Time Min (hours):520

Total Time Max (hours):4,100

% of Fleet for Sale:5%

# For Sale:26

Technical Information

Engine Manufacturer : Pratt & Whitney Canada

Engine Model : PT6A-42A

Hourly Rate /engine : $135

Overhaul Interval (hours) : 3,600

Overhaul Cost : $150,000

Mid Life Interval : 1,800

Mid Life Cost : $75,000

Typical Avionics Suite : Meggitt Magic or Garmin G1000

Financial

Based on 300 hours a year

FINANCIAL: ANNUAL FIXED COSTS

Crew:$120,250

Hangar:$20,900

Hull Insurance:$1,988

Liability Insurance:$20,000

Miscellaneous:$4,012

Annual Amount:$167,150

FINANCIAL: VARIABLE HOURLY COSTS

Fuel Consumption (gallons per hour):48

Fuel Cost (at $5.00 per gallon):$301

Maintenance:$282

Engine Reserves:$228

Miscellaneous:$75

Total Cost / Per Hour:$886.44

FINANCIAL: ANNUAL SUMMARY

Based on 300 hours a year

Typical Purchase Price:$1,325,000

Market Depreciation (%):6%

Market Depreciation ($):$79,500

Total Fixed Costs:$167,150

Total Variable Costs:$265,932

Total Cost of Operation:$512,582

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