When will Single Engine Turboprops rival VLJs in the charter market?
The potential for single engine turboprops (SETPs) – the best-known of which is the Pilatus PC-12 – is exciting, following a change in regulations earlier this year. And at the end of last week, I was one of the speakers at SETOps 2017 – a conference focussed around the commercial opportunities and challenges for these aircraft.
The regulation change has opened up a new entry-level market for aircraft like the PC-12, the Daher TBM 930 and the Cessna Grand Caravan. And new arrivals such as the Cessna Denali and Piper M600, are due to launch within the next two years.
It’s certainly clear that lowering the entry point price for private aviation brings new customers in – and we are already seeing a growing demand. But there are a number of challenges to overcome before these aircraft can give VLJs (Very Light Jet) a run for their money on the first rung of the private aviation ladder.
For customers, currently there are only a relatively small number of aircraft available – mostly PC-12s based in the South of France and Switzerland. This means repositioning costs are inflating charter prices for departures in Northern Europe.
More aircraft would bring costs down but this is a bit of a chicken and egg situation, with many aircraft operators not seeing a clear business case to provide them.
As has been proved with VLJs, a viable business model demands a very efficient operation, with a strict eye on costs and the benefits of economies of scale. But operators won’t be willing to invest in these aircraft unless the right infrastructure is in place.
SETPs’ ability to use smaller airports (with lower landing fees) will help keep operational costs under control, but this is not a simple switch. Airports will need to be equipped to handle commercial operations, for example with appropriate fire cover.
Operators also need to have a wide network of maintenance facilities for these aircraft. And another challenge is the location of SIMs – currently pilots are sent to US for their training (at increased expense).
The key now is to educate and inform European customers
There are still a number of challenges to overcome but the SETP future feels bright. I’m looking forward to lots more flights – and industry discussion – in the months ahead.
To charter a Pilatus PC-12 or any other aircraft, contact our expert Flight Team 24/7 on +44 (0)20 7100 6960.
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