PIPER Meridian Price and Operating Costs

Specifications
The PIPER Meridian, manufactured from 2001 - to present, requires a 1 person crew and can transport up to 5 passengers. The aircraft has a maximum operating altitude of 30,000', a normal cruise speed of 261 KTS/301 MPH, and a 925 NM/1,064 SM seats-full range. The PIPER Meridian has a 1,950' balanced field length and 1,489' landing distance. The cabin measures 03'10" high, 04'02" wide, and 12'03" long. It has a total baggage capacity of 20.00 ft^3; 20.00 ft^3 being internal and 00.00 ft^3 being external.

Pricing
Depending on numerous factors, the average price for a pre-owned PIPER Meridian is $1,384,931.26. A $726,950.00 loan over 120 months including $3028.96 per month in interest equates to a $36,451.97 per-period payment. Based on 450 annual owner-operated hours and $7.00-per-gallon fuel cost, the PIPER Meridian has total variable costs of $341,100.00, total fixed costs of $170,769.00, and an annual budget of $511,869.00. This breaks down to $1,137.49 per hour.