Indicative 1980 market range$894k (€828k) to $1.07m (€990k)
Fixed annual planning base$162k (€150k)
Direct hourly planning cost$1,404 (€1,300) / h
A Piper PA-31T Cheyenne II costs approximately $894k (€828k) to $1.07m (€990k) to buy at 1980 market values. Owning one and flying 80 hours a year costs roughly $527k (€488k) annually, about $6,588 (€6,100) per flight hour all-in, made up of a $162k (€150k) fixed annual base plus $1,404 (€1,300) per hour flown. Over five years, purchase and operating costs total around $3.61m (€3.34m) before financing, depreciation and tax.
Ownership scenarios
Indicative cash costs before financing, depreciation and tax.
Annual use
Annual cash cost
Effective cost / h
Five-year cash outlay
40 h / year
$471k (€436k)
$11,772 (€10,900)
$3.33m (€3.08m)
80 h / year
$527k (€488k)
$6,588 (€6,100)
$3.61m (€3.34m)
120 h / year
$583k (€540k)
$4,860 (€4,500)
$3.89m (€3.6m)
180 h / year
$667k (€618k)
$3,708 (€3,433)
$4.31m (€3.99m)
What drives the real price?
Airframe and engine time, maintenance history, damage history, avionics, equipment, geography and tax treatment can move a real transaction well outside a model-level estimate. A cheaper example with deferred maintenance can be the more expensive aircraft after the first annual inspection.
What is included?
PlaneFit combines an annual fixed-cost base with a direct hourly estimate. The result is intended for comparing aircraft and testing utilisation scenarios. It is not a maintenance programme quote, insurance quote or pre-buy assessment.
Insurance sits inside the fixed annual base rather than alongside it. To see how that single line breaks down by pilot experience and model year, read the Piper PA-31T Cheyenne II insurance cost guide.
The central ownership compromise
Strong performance for the acquisition price, but an ageing pressurized airframe and limited support require specialist ownership.
Test your own utilisation
The scenarios above assume 80 hours a year. This calculator opens on the Piper PA-31T Cheyenne II figures so you can change the hours, or any of the inputs, and see what it does to the cost per hour.
Estimated annual cash cost€254,000
Effective cost per flight hour€3,175
Five-year operating cash€1,270,000
Prefer to work from fuel burn and maintenance reserve separately? Use the operating cost calculator.
Common questions about Piper PA-31T Cheyenne II costs
How much does a Piper PA-31T Cheyenne II cost to buy?
An indicative 1980 market range for a Piper PA-31T Cheyenne II is $894k (€828k) to $1.07m (€990k). Airframe and engine time, maintenance and damage history, avionics and equipment move real transactions well outside a model-level estimate.
What does a Piper PA-31T Cheyenne II cost per year to own?
Flying 80 hours a year, budget roughly $527k (€488k) in annual cash costs, which works out at about $6,588 (€6,100) per flight hour all-in. That covers a $162k (€150k) fixed annual base plus $1,404 (€1,300) per hour of direct operating cost.
What does five years of Piper PA-31T Cheyenne II ownership cost?
Purchase plus five years of operating cost at 80 hours a year comes to approximately $3.61m (€3.34m) in cash terms, before financing, depreciation and tax.
_at_Wagga_Wagga_Airport_(1).jpg)