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This page updated:
    February 27, 2008

Cost Justification

IT'S A MONEY MAKER

MAKING ‘Cents’ WITH THE FLYIT PROFESSIONAL HELICOPTER SIMULATOR

Frequently Asked Questions

HOW DO I FIGURE OUT WHAT TO CHARGE STUDENTS FOR TRAINING IN THE FLYIT PROFESSIONAL HELICOPTER SIMULATOR (PHS)?

         The national average for PHS simulator training is $105/hr dual instruction

         This includes both VFR and IFR training

         Students are Internet savvy and “shop” flight schools to get the best deals.  Any “price reduction” from real aircraft training is attractive to students; they want to SAVE money

 HOW MUCH WILL THE FLYIT PHS COST ME TO OPERATE? 

         Based on an average of 26 hours per week:

Electricity consumption                                             .25 per hour

Housekeeping and general maintenance                     .25 per hour

Projector bulb amortization                                        .25 per hour

Equipment maintenance                                            .25 per hour     

 Total Cost of Operation                              $1.00 per hour

 WHAT CAN I EXPECT FOR RETURN ON INVESTMENT BY USING THE FLYIT PHS?

·         Based on $100/hr student charge and $1 direct operating expense = $99/hr net profit, and

·         Assuming a monthly debt service of $ 2,280 (60 month, 5.9% APR/OAC lease, $1 simulator buy-out):