TBM-940 Buying Guide

The Daher TBM-940 holds a unique position in the turboprop category due to its combination of speed, fuel efficiency, and comfort. Designed for owner-pilots and businesses seeking a high-performance and economical aircraft, the TBM-940 is equipped with a Pratt & Whitney Canada PT6A-66D engine, ensuring a cruising speed of 333 km/h and a range of 3330 km. Its ability to transport up to six passengers in a cabin optimized for comfort and technology makes it a popular choice for business and personal flights.

For potential buyers, this guide details the financial aspects, operating costs, and practical considerations for acquiring a TBM-940. By following this plan, you can assess whether purchasing this aircraft is the best option for your needs.

Pillar link: TBM-940

TBM-940 Market and Budget

New and Used Prices

In the TBM-940 market, the price difference between new and used largely depends on the aircraft’s condition and installed additional equipment. Well-maintained used aircraft with low flight hours can sell for prices close to new, while those requiring upgrades or with a less favorable maintenance history may be more affordable.

Availability and Lead Times

Currently, the global TBM-940 fleet numbers several hundred aircraft, with transaction times for a used aircraft typically ranging from 3 to 6 months. For a new aircraft, the order book can lead to a waiting period of 12 to 18 months, depending on the period and market demand.

Residual Value

The residual value of a TBM-940 is influenced by several factors, including the aircraft’s overall condition, avionics updates, and aviation market conditions. Rigorous maintenance and regular updates can help maintain a higher residual value.

Full Initial Budget

TBM-940 Operating Costs (OpEx)

Annual Fixed Costs

Variable Costs per Hour

Maintenance Deadlines

Maintenance programs like JSSI, ESP, and MSP can provide various coverages, thereby reducing unforeseen costs and ensuring more precise budget planning.

Annual Comparison by Usage Intensity

Buy or Charter a TBM-940: Cost-Usage Arbitration

Initial Costs (Purchase vs. Charter)

Purchasing a TBM-940 requires significant initial capital but reduces the cost per flight hour in the long run. In contrast, chartering, while flexible, involves high variable costs, around 2,900 EUR/h.

5-Year Scenarios

Break-even Point

The break-even point for purchasing a TBM-940 is around 220 hours per year. Beyond this threshold, purchasing becomes more economical than chartering. This calculation is based on fixed and variable costs, as well as the average charter price.

Link: Charter a TBM-940

Where to Buy a TBM-940

Sales Platforms

When acquiring a TBM-940, the decision to use a broker or buy directly can influence the cost and complexity of the process. Brokers offer expertise and access to an extended network, while direct purchase can reduce additional costs.

Specialized Brokers vs. Direct Purchase

Specialized brokers offer personalized support and in-depth market knowledge, thus facilitating the acquisition of a TBM-940. However, direct purchase can sometimes reduce costs, although it requires increased diligence on the part of the buyer.

TBM-940 Owner Reviews

“The TBM-940 offers unparalleled efficiency with its PT6A-66D engine, which allows for significant fuel savings. Its Garmin G3000 avionics suite facilitates navigation and LPV approaches. The cabin comfort is ideal for multi-hour journeys.”
— Owner-pilot, Western Europe

“As a fleet manager, the TBM-940 stands out for reduced maintenance thanks to extended check intervals. With a range of 3330 km, it’s perfect for intercontinental business trips.”
— Fleet Manager, North America

These testimonials highlight owner satisfaction in terms of performance, operating economy, and cabin comfort.

Link: Read all TBM-940 reviews

Finalizing the TBM-940 Acquisition

Key Acquisition Steps

1. Pre-agreement
2. Pre-purchase Inspection (PPI)
3. Legal/Tax Due Diligence
4. Registration (N-number, F-XXXX, etc.)
5. Insurance Transfer

Registration can offer tax and operational advantages, depending on the chosen registry. The USA, Cayman Islands, Malta, and France offer varied regimes for private aircraft registration.

Financing

Financing options for a TBM-940 include bank loans with rates varying from 4 to 7% depending on the borrower’s profile, operational leasing, and finance leasing. Fractional ownership is also an option for those wishing to share costs.