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AAE 451 Senior Aircraft Design Spring 2006 Systems Requirement Review Group VI. Team Members: John Collins Chad Davis Chris Fles Danny Sze Ling Lim Justin Rohde Ryan Schulz Ronald Wong Yusaku Yamashita. Business Case. Objective:
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AAE 451 Senior Aircraft Design Spring 2006Systems Requirement ReviewGroup VI Team Members: John Collins Chad Davis Chris Fles Danny Sze Ling Lim Justin Rohde Ryan Schulz Ronald Wong Yusaku Yamashita
Business Case Objective: To determine the feasibility of an alternate fuel business or general aviation (GA) aircraft. • Who would buy our plane? • Air Charter (Pogo, Net Jets) • Pogo predicts the capture of 2% of 30 million trips < 500 miles is profitable • Air Taxi (Linear Air, One Sky) • Linear Air taxi - 16,000 pax./day traveling within 500 nm • Corporate Flight Departments • Small - medium size businesses • What are we selling? • 6-passenger Alternative Fueled Twin-Engine Propeller-Driven Aircraft • Affordable Operating Costs • Viable replacement for current aging fleet of business aircraft
Current Market • Global fleet of business turboprop aircraft totaled 9,785 in 2002. • In 2002, air taxi accounted for 3.9% of GA aircraft usage; business accounted for 24.2%. • 40% of current standing orders are from small-business fractional operators (Honeywell). • 76% of turboprops operated are light (< 12,500 lbs GTOW) • Within current U.S. business aircraft fleet: • 28.3% Light Jet (Avg. age: 16.1 years) • 2.7% Light Turboprop (Avg. age: 7.1 years) • 37.3% Medium Turboprop (Avg. age: 21.8 years)
Projected Market • Projected overall market worth of $107.5 billion within ten years for new aircraft sales. • Fractional ownership expected to increase from 10% to 24% in 2012 (Rolls-Royce). • An estimated 20% of business market using air taxi services by 2010’s (Eclipse).
Foreign Markets Europe • World’s second largest business aircraft fleet • 2,250 Aircraft; 1,432 are jets • In Moscow, business aviation is expected to grow with a vast Air Taxi network envisaged. • Operational flexibility attracting interest from airliners such as Lufthansa to launch their own private jet business. • Information from www.EBAA.org • 866 air taxi companies operating 1,190 aircraft • 615 flight departments owned by European corporations operating 861 aircraft Asia • Within 20 years China will buy 2,400 aircraft worth US $200 billion
Projected Market Share • Sources of sales: • Replacement of aging fleets (majority of new aircraft purchases). • First-time purchases from small businesses previously unable to afford ownership. • Air taxi services new to market. • Goal of 50-100 aircraft per year in initial sales. • Capture/retain minimum 20% market share as percentage overall of business/air taxi sales increase.
Customer Attributes • End Users • Performance • Speed • Range • Economics • Ticket Prices • Reliability and Availability • Safety • Noise and Vibrations Issues • Weather Restrictions • Aesthetics • Comfort • Cabin Size • Operators • Performance • Speed • Range • Takeoff Distance • Ceiling • Economics • Direct Operating Costs / Acquisition costs • Reliability and Maintainability • Turn over time • Support and Training • Upgradeable • Safety • Noise and Vibrations issues • Aesthetics • Interior Design
Performance Max. Range ~ 1000 nm Max. Speed ~ 300 kts Cruise Speed ~ 240kts Ceiling ~ 25,000 ft Gross Weight ~ 8500 lb T.O./Landing Distance < 2100 ft General Characteristics Cost efficient Use Renewable Source of Fuel Reduce CO2 and NOx Emissions Low Noise FAR compliance Design Requirements
Competing Aircraft • Eclipse 500 – 2300 aircraft orders • Adam A700 – 280 aircraft sales • Cessna Mustang – 230 aircraft sales
500 nm range 45 Min. Reserve IFR Cruise at 250-300 KCAS Descend for Landing Climb to 25,000 ft. Economy Cruise Begin IFR Landing Take-off 2100 ft. Runway 10 Min. Taxi Execute Missed Landing Land 2100 ft. Runway Representative Design Mission • 1 pilot (225 lbs.) • 6 passengers (225 lbs. each, including luggage) • 1575 lbs. total payload