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Conklin and de Decker releases new aircraft budgeting software

January 28, 2011, 04:49 pm

Pilots now have a new comprehensive tool for determining the expenses associated with their aircraft, according to General Aviation News.

The aircraft cost-calculating and aviation service company Conklin and de Decker recently released a new software program called Life Cycle Cost 2011, Volume I. The program enables pilots to access ownership and operational expense data including taxes for up to 380 different types of aircrafts. Even though information is preloaded, this version includes simple ways to customize the data, including allowing pilots to edit maintenance costs and insert their own data, according to the news source.

This year's version of the software includes information for 12 additional aircrafts and also has updated fuel and acquisition expenses to reflect current rates. The information is available based on the type of aircraft the pilot owns.

Allowing pilots to be able to project plane expenses and budgets will give the opportunity to save appropriately for their aircraft. In addition to operational costs, pilots should consider the expenses of licensing fees and essential precautions, such as pilot insurance

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