According to this nearly anony. post, some DayJet aircraft have been inactive since the middle of March.
https://www.blogger.com/comment.g?blogID=3817101653623448889&postID=8776236301114070646
Tuesday, April 22, 2008
Monday, November 19, 2007
Sunday, November 11, 2007
Assessing the DayJet monthly burn rate
Borrowed from the Eclipse Critic comments..........
If you assume that each flight was a revenue flight (no positioning or dead head flights and no diverted flights) and each flight had 3 passengers and each passenger paid $4 per mile, you would get the absolute maximum revenue for the month.
If you assume a reasonable percentage of the flights were positioning, training, or dead head flights and each rev flight had one passenger and each passenger paid $2 per mile, then you get the lower bound on revenue for the month.
Then best case would be 3 passengers per flight x $4 per mile x 314 flight hours x 220 miles per flight hour x 100% revenue flights =$830K for the month.
The worst case would be 1 passenger per flight x $2 per mile x 314 flight hours x 220 miles per flight hour x 66% revenue flights = $92K for the month.
As with anything, the truth lies somewhere in the middle. Let's split the difference and say DayJet had $460K in revenue for the month.
According to Eclipse it costs $424.75 per hour in operating costs. That would be 314 flight hours x 424.75 = $133K in direct cost per month.
Interest expense of financing 15 aircraft would add let's say roughly another $100K per month.
If you had one and a half crews for each aircraft, that would be 45 pilots at $60K per year - works out to another $225K a month. (Likely more than 3 pilots per airframe - Ed.)
That's $458K in expenses per month vs. $460K of revenue.
If you assume that each flight was a revenue flight (no positioning or dead head flights and no diverted flights) and each flight had 3 passengers and each passenger paid $4 per mile, you would get the absolute maximum revenue for the month.
If you assume a reasonable percentage of the flights were positioning, training, or dead head flights and each rev flight had one passenger and each passenger paid $2 per mile, then you get the lower bound on revenue for the month.
Then best case would be 3 passengers per flight x $4 per mile x 314 flight hours x 220 miles per flight hour x 100% revenue flights =$830K for the month.
The worst case would be 1 passenger per flight x $2 per mile x 314 flight hours x 220 miles per flight hour x 66% revenue flights = $92K for the month.
As with anything, the truth lies somewhere in the middle. Let's split the difference and say DayJet had $460K in revenue for the month.
According to Eclipse it costs $424.75 per hour in operating costs. That would be 314 flight hours x 424.75 = $133K in direct cost per month.
Interest expense of financing 15 aircraft would add let's say roughly another $100K per month.
If you had one and a half crews for each aircraft, that would be 45 pilots at $60K per year - works out to another $225K a month. (Likely more than 3 pilots per airframe - Ed.)
That's $458K in expenses per month vs. $460K of revenue.
Sunday, November 4, 2007
I'll take potpourri for $100, Alex
Tell us how you really feel, anonymously inarticulate internet commenter.
Mike Press October Newsletter - Eclipse will need capital to tide them over til ramp up.
Did DayJet sell (or fail to take delivery on) an airframe?
DayJet Nuggets by Sean Broderick of the AirportMagazine.Net.
DayJet jobs.
Mike Press October Newsletter - Eclipse will need capital to tide them over til ramp up.
Did DayJet sell (or fail to take delivery on) an airframe?
DayJet Nuggets by Sean Broderick of the AirportMagazine.Net.
DayJet jobs.
Tuesday, October 30, 2007
You know you like to watch
After detailing Dayjet website traffic stats here, it's only fair to share some numbers for Discussions' own visitors. 275 unique visitors visited the blog 450 times as of October 30th for 860 total pageviews. While 20 countries sent traffic to the blog, the US and Canada contributed the lions share.
Five states contributed 20 or more visits each, with Florida leading with 75. North Palm Beach leads the Time on Site category with an average 17+ minutes for each of three visits. California had 36 visits from 23 different locations.
Notable companies with visits include; Boeing, Rockwell, AlliedSignal, Deutsche Bank, Embraer, Falcon Jet, NetJets, Gulfstream, Intel, JPMorgan Chase. Who knew Pronto Aircraft still had net billing in its' name? Greenville S.C. had a few visits - coincidentally the home of SatsAir.
Five states contributed 20 or more visits each, with Florida leading with 75. North Palm Beach leads the Time on Site category with an average 17+ minutes for each of three visits. California had 36 visits from 23 different locations.
Notable companies with visits include; Boeing, Rockwell, AlliedSignal, Deutsche Bank, Embraer, Falcon Jet, NetJets, Gulfstream, Intel, JPMorgan Chase. Who knew Pronto Aircraft still had net billing in its' name? Greenville S.C. had a few visits - coincidentally the home of SatsAir.
Sunday, October 28, 2007
A friendly discussion
with Ed Iacobucci via AeroNews. Eclipse Aviation is an Aero-News sponsor. Ed states almost 300 companies signed up for DayJet service. Very little interest so far in whole aircraft service, which faces much more competition than per seat offerings. Ed also relates that virtually 100% of customers are coming from the auto side of travel.
The discussion lightly touches on diverting around weather, but no questions were raised regarding the lack of flight into known icing, and its possible impact on North FL ops this winter.
Seperately, POGO announced plans to interview at the Embry-Riddle career expo in November.
The discussion lightly touches on diverting around weather, but no questions were raised regarding the lack of flight into known icing, and its possible impact on North FL ops this winter.
Seperately, POGO announced plans to interview at the Embry-Riddle career expo in November.
Monday, October 22, 2007
Tell us how you really feel, Steven Syre
Any columnist that starts with a question like "Can a turkey fly?" has my attention. And Steve Syre of the Boston Globe keeps slinging the 'tude on Pogo Jet (potential DayJet near-competitor) and its IPO from there.
Pogo Jets exists in Chicopee but doesn't have any real operations to speak of so far. It is a developing business that should be seeking venture capital investors instead of public stockholders right now.
The comapny, which looks to fly in early 2009 or so using Eclipse 500's in a per aircraft rental with "finely appointed leather interiors" has an updated website at FlyPogo.com
{Scab (ed)} /Analyst Vaughn Cordle of the consulting firm AirlineForecasts has looked over Pogo plans and doesn't like what he saw. "It's a bust of a business idea," he says.
Pogo Jets exists in Chicopee but doesn't have any real operations to speak of so far. It is a developing business that should be seeking venture capital investors instead of public stockholders right now.
The comapny, which looks to fly in early 2009 or so using Eclipse 500's in a per aircraft rental with "finely appointed leather interiors" has an updated website at FlyPogo.com
{Scab (ed)} /Analyst Vaughn Cordle of the consulting firm AirlineForecasts has looked over Pogo plans and doesn't like what he saw. "It's a bust of a business idea," he says.
Cordle can tick off a list of problems with the Pogo plan: bad economics, aircraft reliability questions, and lack of an existing service center. He ranks Pogo atop several companies exploring similar strategies, but only because of Crandall's experience and reputation.
But back to Steve.....
The Eclipse 500 jet seats five, and Pogo plans to use two pilots on every flight, leaving room for three passengers. Scott McCartney tested three very light jets for the Wall Street Journal last fall and described the Eclipse 500 like a sports car, very nimble but cramped.
The jet's interior has 20 percent less space than a Honda Odyssey minivan's. If you end up in the third passenger seat, "it will remind you of sitting on a floor cushion at a Japanese restaurant," McCartney wrote. Oh, and this: There's no bathroom on the plane.
Pogo Jet is an idea still too far ahead of its time for commercial success. But it can offer investors the chance to throw their money out a window from an exceptionally great height.
Subscribe to:
Posts (Atom)
