Aircraft Snapshot
- Airframe ClassSingle-Engine Turboprop
- Passenger Capacity10 to 14
- Max Range1,070 NM
- Normal Cruise Speed185 KTAS
- Useful Load3,300 lbs
Acquisition & Financing
- Est. Acquisition Cost (Used)$1.5M - $2.4M
- Est. Acquisition Cost (New)$2.8M - $3.2M
- Financing Profile / LiquidityHigh
Operating Costs
- EngineP&W PT6A-114A
- Engine TBO3,600 hrs
- Fuel TypeJet-A
- Fuel Efficiency55 GPH
- Direct Operating Cost$580 / hr
Financed Cost of Ownership
$21,715/mo
Estimated all-in monthly cost of ownership
- Financing Payment$19,298/mo
- Operating Cost (Est.)$2,417/mo
6.69% rate (Turboprop & Jet), 15% down, 20-year term, 50 hrs/yr assumption.
Avionics
Garmin G1000 NXi
Ownership Analysis
The 208B Grand Caravan is the stretched version of the Caravan, adding about four feet of cabin length for more passenger and cargo capacity, powered by the Pratt & Whitney PT6A-114A. It is one of the most widely operated utility turboprops in the world, with a huge cargo feeder fleet.
Commercial operating history is the norm, so total time, cycles, corrosion, and maintenance program records are key. Parts and maintenance support are abundant given the fleet size.
Strong worldwide commercial demand gives the Grand Caravan excellent collateral characteristics, and lenders have deep visibility into resale values. Loan terms fall under the Turboprop & Jet tier.
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