Mudspike Air Cargo


#353

Correct. I assume credit funds don’t earn any / meaningful interest. If so, the simplest way to optimise would be to calculate your comfortable working capital buffer (say 3 or 6 months running cost to be safe) and pay the loan off leaving only the working cap - that cash in the bank does you nothing but the debt has a cost.

Your interest cost will halve so you’ll want to recalculate the cap amount at the reduced debt level to be nice and lean (you’ll need less buffer with ~$4k monthly interest than with $9k).

Then keep paying off the debt with all your uncommitted cashflow until you’ve cleared it. Once you have enough cash that the cash + resell value of the current plane + max debt can buy you the Twotter, max out the debt, sell the current bird and get the Twotter back :sunglasses:

Mind you, if we start looking at employing pilots, everything changes…the above just minimises interest cost to get the bigger bird back quicker.


#354

I feel like I owe you an investment advice fee… :rofl:

Have a kitten…

image


#355

A kitty!

Man, how I wish Air Hauler 2 was X-Plane 11 compatible, I’d love to ponder these for my own ‘company’. :slight_smile:


#356

@BeachAV8R I love reading about your whacky company adventures! keep it up!


#357

OK - so last night I took a big chunk of that loan money that was just sitting in my account and paid back $300,000 of it since I don’t need that sitting on my balance sheet. That left me with over $100K in my account just in case I wreck an airplane or something (I’m trying not to do that)…

CARGO-740

And today I got back to work - picking up 3 outbound and 2 inbound contracts OG39 - KPDT - OG04 - OG42 - OG39 - KPDT

I actually made a mistake taking the contract for the 3,597 lbs. of mail to KPDT because my new bird can only hold about 3,000 lbs. of cargo and still have enough gas to run about 200-250 nm. That meant I had to go back and forth, but that is OK because you can pick up inbound contracts as well. (The plane doesn’t make any money if it is flying empty!)

Total revenue for the day was an impressive $68,642 over costs (fuel, landing fees) of $874.88. That doesn’t include engine wear and tear of course…I’ll have to figure out what the overhaul costs at the 50 hour marks cost and then divide that out to determine what it is going to be.

So hacking away at the remaining $708,000 loan balance at 60 or 70 grand per flight day shouldn’t take too long to dig myself out of that hole. Sure beats looking at that $100K+ bill every month!

CARGO-743

In fact…with nearly $200K in the bank at the moment, I’m really only around 500K from being out of the hole…

CARGO-744

And I’m really enjoying the Quest Kodiak - just a fun, easy and honest plane with some nice capabilities. It stops on a dime, can haul a nice load, isn’t near as pitch sensitive in as the Otter, and has overall been a great purchase…!

Blasting off out our home base at Longview Ranch…

Unloading cargo at KPDT…

Over to a little po-dunk strip east of PDT. The Quest has great brakes and reverse - stops in no time even on short, dirt strips…

Back over at Longview Ranch…

Are we seeing some Spring thaw at the lower elevations?


#358

Those screenies are really pretty - I imagine the added detail of the landscapes makes it easier to feel familiar with the area and adds to the immersion. Returning to Longview Ranch probably feels like coming home. :slight_smile:

Interestingly, Longview Ranch is a remote enough location that Google Streetview hasn’t visited in 9 years!

How much to buy a Twin Otter and what’s the approximate resell value of the Quest Kodiak?


#359

The Twin Otter is almost $2 Million:

Selling the Kodiak will only get me back $430,000 - the purchase price was ~$860,000 - ouch, that is quite the “drive it off the lot” hit…! That is kind of why I didn’t sell the Cessna 185F back (it is still in my inventory). I couldn’t bear the thought of only getting 60% of its value.

I could staff the 185F with an AI pilot, but I’m sorta aiming to keep this a one pilot operation…


#360

That Kodiak is kool. One day maybe Thranda will update the panel with ice protection. Until that time, the rumor is that you can program a key/button for it and via the magic of X-Plane, you are good to go.

Oh wait, you are in the FSX/P3D Kodiak. Ice protection?


#361

That’s the Kodiak from Lionheart - it does have pitot and anti-ice switches for the engine (I think it is labeled BYPASS - like an ice vane).


#362

Nice. Let’s see.

Max debt $1.008m, Kodiak resell value is $0.430m, hence an additional $0.510m cash required to buy the DHC-6.

Current net position -$0.510m and probably allow for a month’s upkeep so -$0.524m.

A mere $1.034m of flying to get the Twotter back! That’s nothing for MAC. 18 $60k revenue days of flying.

You have the 185F in your backpocket as insurance anyway so you don’t need much of a cash reserve :wink:


#363

Hmm…I didn’t need to see this. Apparently Bert Pieke managed to shoehorn that Flight1 GTN into the Kodiak as well… My wallet is quivering…


#364

Ah…stumbled on something today that I had forgotten about. Lionheart made available higher resolution panel textures (DXT5 at 2048 pixels) as an option. I installed those this afternoon and it cleans up the panel nicely for no noticeable penalty…

Before (click on images) (note the lettering over the switches and on the subpanel):

And after…(see how the lettering sharpens up):


#365

I used his mod to replace the MFD with the GTN750 in the Embraer Phenom 300. Works pretty well.


#366

$24,852 worth of flying today (so far)…

Weather in eastern OR and western ID is holding out…7 to 10K broken and no real problems. All flying was pretty much VFR on the past ten legs or so…

Another game of - find the dirt/grass strip! They can sometimes be impossible to spot until you are on top of them…

Brrrrrrr…reverse works great…

CARGO-759

This plane has no problems with heavy loads and short strips. As a matter of fact, I’m probably going to bump my Air Hauler 2 settings down to smaller strips again like I had it for the Cessna 185F. I had bumped it UP when I bought the Twin Otter, but now I think the Kodiak Quest is just as capable as the 185F…

At some point I’m going to need to smack a Mudspike logo on the side of that fuselage too…


#367

Mmmm…K…

So, there goes $65…splurged on the Flight1 GTN complete. This is actually a good purchase (rationalization, rationalization, rationalization) because it will work in sooo many of my P3D airplanes that it should offset the aneurysm inducing cost.

The fine folks over at Jackson Hole Aviation did the install for my newly acquired Quest Kodiak (I think they are hanging on to a DC-10 for me if my memory serves me correctly…)…

Mmmm…the Flight1 GTN 750 is the exact replica of the unit we have in our Citation Ultra. I’ve also purchased the RealityXP version for X-Plane…so now I’m outfitted in both sims. With TAWS, flight plan manipulation, SIDs, STARs, airways, and approach charts for all of the United States, it is a hard package to beat.

Many thanks to Bert Pieke for sending me a little bit of knowledge on how to jam that thing into the Kodiak - it looks fantastic!

The Kodiak has awesome 2D pop-up panels to supplement the VC. I still think there is a place in sims for 2D panels…at least until VR totally destroys 2D once and for all I suppose. In the real airplane I fly…the whole Safe Taxi diagram is worth every penny because of the situational awareness it gives you on strange airports in the dark of night. I absolutely love it.

Full charts for the U.S…

I feel like this should deduct 15 to 20K from my Air Hauler account for this bit of kit…but hey, it hit me in the real wallet, so we’ll call it even…


#368

I just realized that my Just Flight Traffic 360 came with a spotter guy. You can use him as an aircraft, slew him to wherever to watch airplanes takeoff and land…


#369

Alrighty…so did $38,000 worth of hauling tonight with two contracts, and ran into some interesting problems with my GTN 750.

The first run was from M94 up to S52 (Methow Valley State) - pretty far north in our area…

Firing up at M94…

The route up is pretty rugged…with snow over much of the area…

The GTN is fantastic for being able to just use the touchscreen to scroll up to your route and zoom in and move around. This made it really easy to see that S52 is parallel to the river valley - important visual cues to help line up…

That was only an $8,000 or so contract, but I was lucky and a nearly $30,000 contract OUT of S52 was on offer. Only problem - the weight (3,137 lbs.) meant I had to empty my tanks, and then put on fuel to max gross which only barely gave me the range to make the flight to 2WA4 down near Pierce County…

On the way out the terrain is all over…setting off the TAWS on the GTN during the climbout - a really cool feature…

During the climbout, I consult the Garmin Fuel Planning page and it isn’t looking good. If the weather were anything less than clear, I’d stop halfway for fuel…but right now I’m looking at an 8.2 gallon deficit, but I’m hoping once we get higher, get lower fuel flows, and pick up to cruising speed, I might find myself on the right side of the numbers.

I settled in at 16,000, then eventually went up to FL200 trying to make the numbers work…but they were still showing me a -1.3 GAL deficit…

Rainier out on the distant horizon…

I haven’t much messed with the weather radar data…

About five minutes out, I started a steep descent at around 2,000’ per minute, resulting in near idle and of course that increases the fuel calculations. As you can see on the GTN, the yellow ring is a dynamic fuel range predictor, so it moves as your speed changes, throttle, or headwinds…a great little tool…

Destination in sight!

Except - it isn’t the right airport! You see, the GTN is an updated database, and the airport names and IDs have changed over the 10+ years since the original P3D/FSX database was created. So there are mismatches. As well, I think super small airports aren’t included in the GTN database. Air Hauler offers me to truck the freight the remaining six miles to the actual destination, but I’m cheap and don’t want to lose that money…

So using the touch screen, you can set a manual/user waypoint, so I consult the P3D map (which does show all the old airports) and sort of WAG a waypoint where the actually airport is…

Off we go for the six miles over to the actual airport - a tight little strip that does require all the reverse and braking I can muster…

I unload the freight and receive the full $28,000. Yay. In the future, for airports that are NOT in the GTN database, or airports that are different from the GTN database, I’ll simply create manual user waypoints using the actual LAT/LON from Air Hauler so I’ll be sure to be able to go to the correct airport.

So currently sitting on $259,795 of company cash…

CARGO-795

We actually earned exactly $38,340 in revenue over $875.85 in expenses (fuel, landing fees)…

Apologies for typos and nonsense sentences. Malbec.


#370

Hey- I know nothing about General Aviation, but from what I read here it really looks like you’d be good to make a career out of that in Real Life! :smile:


#371

Well, you know the saying - “You know how to make a million dollars in aviation? Start with two.”


#372

$22,267 in cargo hauling this morning. It is still winter in Idaho!