Airplane Leaseback Calculator – Spreadsheet

Can you make money on a flight school leaseback? The airplane leaseback calculator/spreadsheet projects what it takes for you to make money, break even or defray the cost of airplane ownership by putting your airplane to work. If you are not familiar with GA airplane leasebacks I recommend watching the video at the bottom of the page.

To use the spreadsheet

Enter your costs of aircraft ownership in the top section and rental parameters in green below. (The cells can be edited although they don’t look like it.)

This spreadsheet requires a tablet or larger. Definitions are under the spreadsheet.

I go into much more detail in the video but here’s a knee board version the basics.

Base hours: this is a starting point used for calculations.  When you opened this page the breakeven rate (percentage model) equaled $166.85 while the rental rate is $160. That means you are not breaking even Based on 50 hours/mo. (I.e., “Base Hours”)

As the airplane accumulates hours beyond 50/mo you approach breakeven with the $160/hr rental rate. In this case, 57.17 hours.

I used 50 hours as it seems to be the general consensus of the number of rental hours required for a 4-seat, 4-cylinder airplane to break even.

Flight Days/Mo: The number of flyable rental days as a factor of weather, maintenance, and any other reasons the airplane is not available.

Owner Net/mo: Your dollar distance from breakeven, not your bottom line. For example, if it’s -$1,000 then you are not losing that amount per month; you are $1,000 from breaking even. I couldn’t think of a succinct title that communicated that, thus what it is.

Tach/Hobbs: The ratio of engine time to clock time. Engine overhauls are based on tachometer hours, which are a factor of engine RPM. Billable flight hours are usually pegged to the Hobbs meter, which is just a clock. Because of idling, taxiing, etc., a tach hour typically is less than 60 minutes.

Share your personal experiences below if you have done a leaseback. Did it work out?

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