August 2013 -- Orleans, MA -- Conklin & de Decker has released the latest version of LIFE CYCLE COST 2013 Volume II. The most powerful aircraft budgeting and financial analysis tool available, LIFE CYCLE COST, from Conklin & de Decker, provides aircraft owners, operators, flight department managers, and aircraft consultants with independently researched ownership and operating cost data for more than 400 jets, turboprops, helicopters and piston aircraft.
LIFE CYCLE COST budgeting software is part of a family of aircraft operating and acquisition products developed by Conklin & de Decker that places all cost aspects of owning and operating an aircraft into one easy-to-use program. Aircraft acquisition costs, operating costs, taxes, final residual values and revenues (if the user’s aircraft is used in commercial operations) are all pre-loaded into this business aviation budgeting tool.
Other unique features of LIFE CYCLE COST include the ability to edit the maintenance costs, or add your own data; choose a guaranteed maintenance program, or “pay as you go”; indicate managed aircraft with or without supplemental charter; compare New versus Used aircraft or quickly prepare cash flows with only a few clicks. Making changes to the pre-loaded data is simple and fast.
Latest updates for this valuable tool include new features that will enhance the budgeting process. The new features include:
- The ability to select between “Time Since” and “Time Remaining” for inspections, overhauls, and Life Limited Parts.
- Updated fuel, maintenance, and acquisition costs.
In addition, five aircraft have been added to the database –
- Jets: Cessna’s New Citation Sovereign
- Turboprops: Cessna Grand Caravan EX, and Grand Caravan EX with Cargo Door
- Pistons: Cirrus SR22T G5
- Helicopters: Eurocopter EC 145 T2
LIFE CYCLE COST users also receive access to the new AircraftPedia™ section on the Conklin & de Decker website. This aircraft encyclopedia web interface gives LCC users instant access to over 2800 customer aircraft drawings and additional information.
Output from the program can help the user in a variety of ways by providing the operations department with a 12-month budget analysis or up-to a 20-year cost projection for variable and fixed costs. The program calculates the Net Present Value (NPV) and after-tax cash flow for a corporate or commercial program. This enables the finance department to quickly compare the net present value of different acquisition or disposition methods for multiple aircraft while also learning more about the factors (betterment/detriment) that affect an aircraft’s value.
“No one else in the industry goes into the depth and detail of aircraft cost data like we do,” stated David Wyndham, Vice President and co-owner of Conklin & de Decker. “The pre-loaded data for over 400 jets, turboprops, helicopters and piston aircraft, make it easy to create a comprehensive budget for any aviation operation.”
Running LIFE CYCLE COST requires a Windows PC with Microsoft Excel 97 or later. Mac users with Excel 2011 or Excel 2004 can also run the Life Cycle Cost.
Database options include Jets, Turboprops, Helicopters, Pistons and the major US-based Fractional Ownership programs. Current prices for the software (delivered in the US/Canada) are $795 for the jets database, $625 for the turboprop or helicopter database and $475 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
About Conklin & de Decker
Conklin & de Decker, celebrating more than 25 years in business, is a leader in aviation research, consulting and education with offices in Massachusetts, Texas, and Arizona. The company, founded in 1984, focuses on fixed- and rotary- wing aircraft operating cost, performance and specification databases, maintenance management software, financial management, fleet planning, market research, aviation tax issues, and financial, tax and management seminars. Conklin & de Decker consult with numerous individuals, corporations and government agencies worldwide. More information on their products and services and copies of articles can be found on their website, www.conklindd.com.