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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

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:$550,000

Ask Price Max:$2,450,000

Model Year Min:2,001

Model Year Max:2,017

Total Time Min (hours):77

Total Time Max (hours):3,240

% of Fleet for Sale:7%

# For Sale:39

Technical Comparison

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

FINANCIAL: ANNUAL FIXED COSTS

Crew:$78,000

Hangar:$15,200

Hull Insurance:$2,250

Liability Insurance:$20,000

Miscellaneous:$1,675

Annual Amount:$117,125

FINANCIAL: VARIABLE HOURLY COSTS

Fuel Consumption (gallons per hour):135

Fuel Cost (at $5.00 per gallon):$675

Maintenance:$76

Engine Reserves:$158

Miscellaneous:$75

Total Cost / Per Hour:$983.60

FINANCIAL: ANNUAL SUMMARY

Typical Purchase Price:$1,500,000

Market Depreciation (%):5.82%

Market Depreciation ($):$87,300

Total Fixed Costs:$117,125

Total Variable Costs:$983.60

Total Cost of Operation:$205,408.60

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