Conklin & de Decker has released Life Cycle Cost 2010 Volume I, an aircraft budget and financial analysis tool that is part of a family of aircraft operating and acquisition products developed to provide ownership and operating cost data for more than 375 jets, turboprops, helicopters and piston aircraft.
The budgeting software puts all aspects of owning and operating an aircraft into one program. Aircraft acquisition costs, operating costs, taxes, final residual values and even revenues, for commercial operations, are included in this updated budgeting tool, company officials say.
The latest update includes new features, including the ability to print all three reports — financial analysis, budget analysis and residual value — with the click of one button; turn off the Betterment/Detriment calculation when lease option is selected; turn off the Warranty Effect calculation, and; select eight additional aircraft: Bell 206LT, Bell UH-1H, Eagle Copters Eagle 212 Single, Cessna Citation Mustang, Clifford FJ44 Citation II 550, Clifford FJ44 Citation S-II S550, Hawker Beechcraft King Air C90GTx and the Mooney M20R Ovation 3.
All costs are researched and updated in order for this tool to be a benchmark to measure your current actual costs against, such as salaries, fuel costs, hangar fees, insurance, all maintenance costs, and more, company officials add.
In the 2009 version, Conklin & de Decker added CO2 cost calculations for each aircraft; the ability to create or edit the starting point for recurring inspections that first occur later in an aircraft’s life (i.e. an inspection with a 1,200-hour interval but does not occur for the first time until the aircraft has accumulated 2,400 hours); the ability to change annual utilization for each year, which enables the user to account for different total hours for each individual year; the ability to change annual charter hours for each year as well; the ability to turn on or off the effects of the aging curve calculations; and expanded the ability to recognize the value added tax (VAT).
The software is designed so users can obtain a comprehensive analysis by selecting an aircraft type from a drop down menu. Users can expand the breadth of the analysis by choosing different methods of acquisition (lease, finance, purchase, shared and fractional ownership), type of operation (corporate, commercial or managed), and depreciation schedules (5- or 7-year MACRS, straight-line, including a user-defined schedule).
Running the software requires a Windows PC with Microsoft Excel 97 or later. Mac users will experience limited program functionality with the Mac version of Excel. Microsoft Excel 97 or later for Windows is recommended for full program functionality. Database options include Jets, Turboprops, Helicopters, Pistons and the major US-based Fractional Ownership programs.
Prices for the software (delivered in the US/Canada) are $695 for the jets database, $550 for the turboprop or helicopter database, and $450 for the piston database. The Fractional database is free with the purchase of any other Life Cycle Cost database. A single aircraft version is also available. Users can specify from one to five aircraft and pay for only those aircraft that they need. Pricing is $225 for the first aircraft, with a 20% discount when ordering more than one aircraft.
For more information: ConklinDD.com.