loading Loading please wait....
Login

If you are a registered, please log in. If not, please click here to register.

Dassault Falcon 2000EX EASy

In this month’s Aircraft Comparative Analysis- we provide information on a selection of Pre-Owned business jets in the $15.5- $29.5 million price range for the purpose of valuing the pre-owned Dassault Falcon 2000EX EASy.

We’ll consider the productivity parameters - payload/range- speed and cabin size- and cover current and future market values. The field in this study includes the Bombardier Challenger 604 (1996) and Challenger 300 (2004) models- plus the original Dassault Falcon 2000 (1995). The Falcon 2000EX EASy began production in 2004.

BRIEF HISTORY
Dassault introduced the original Falcon 2000 as the Falcon X in 1989- and the development of the aircraft was carried out by Dassault in partnership with Alenia.

First flight came in 1993- before two years later the Falcon 2000 entered service. The Falcon 2000 is a twin-engine Business jet- and is essentially a slightly smaller development of the Falcon 900 tri-jet- with transcontinental range. It features a large stand-up cabin- two CFE-738-1-1B engines manufactured by CFE (GE+ASE) with 5-918 pounds of thrust each- and a Rockwell Collins Pro Line 4 integrated avionics suite.

Following the Falcon 2000- the Falcon 2000EX made its maiden flight in October 2001- received US (FAA) and European (JAA) flight certification in March 2003 and entered service in May 2003. The 2000EX offers 25 percent greater range (over 4-000nm) in a six-passenger configuration - while maintaining or improving the other performance qualities that have driven the success of the Falcon 2000 over the years. This improved performance owes to a new powerplant (two PW308Cs- each offering 6-945 lbst)- as well as increased fuel capacity.

Next in the evolution came the Falcon 2000EX EASy- first flown in January 2003. US (FAA) and European (JAA) certification followed in June 2004. The Falcon 2000EX EASy has the same great airframe and powerplant as the 2000EX- but offered a new EASy flight deck- based on the Primus Epic system. The EASy (Enhanced Avionics System) has improved safety and information management features to meet future Air Traffic Management requirements.

In October 2005- Dassault announced yet another development on the original- with the Falcon 2000DX. The 2000DX will replace the original Falcon 2000- with deliveries getting underway during 2008- and over 300 nm (9.9 percent) range improvement. The 2000LX- meanwhile- has blended winglets designed by Aviation Partners for increased fuel efficiency- and will replace the Falcon 2000EX from 2010. For Falcon 2000EX deliveries in 2008/2009- winglets will be available as an option.

PAYLOAD AND RANGE
The data contained in Table A (top left) is published in the B&CA- May 2009 issue- but is also sourced from Conklin & de Decker. As we mentioned in past articles- a potential operator should focus on payload capability. The Falcon 2000EX EASy ‘Available payload with Maximum Fuel’ at 2-550 pounds is greater than the rest of the field in this comparative study.

CABIN VOLUME
According to Conklin & de Decker- the cabin volume of the Falcon 2000EX EASy- at 1-024 cubic feet is less than the Challenger 604 at 1-150 cubic feet but larger than the Challenger 300 at 860 cubic feet- as shown in Chart A (middle left). The cabin volume did not change from the earlier Falcon 2000 model.

POWERPLANT DETAILS
As mentioned previously- the Falcon 2000EX EASy has a pair of P&WC PW308C engines each offering 6-945 pounds of thrust. The 2000EX EASy engine was an upgrade from the earlier Falcon 2000 CFE engines that had a thrust rating of 5-918 pounds each. The Challenger 604- meantime- has two General Electric CF34-3B engines with slightly more thrust at 8-729 pounds each. However- the Challenger 300 is powered by two Honeywell engines (HTF 7000) - each offering slightly less thrust at 6-826 pounds compared to the Falcon 2000EX EASy powerplants.

Using data published in the May 2009 B&CA Planning and Purchasing Handbook and the August 2009 B&CA Operations Planning Guide we will compare our aircraft: Jet A fuel cost used from our source publications was $4.25 per gallon at press time for the August 2009 edition- so for the sake of comparison we’ll chart the numbers as published.

COST PER MILE COMPARISONS
Chart B (bottom left)- which details ‘Cost per Mile’- compares the Falcon 2000EX EASy to its competition factoring direct costs and with all aircraft flying a 1-000nm mission with an 800 pound (four passengers) payload. The Falcon 2000EX EASy shows a cost per mile value at $3.87 per nautical mile- which is more expensive to operate than the Challenger 300 at $3.53- but compared to the earlier Falcon 2000 at $4.60 and the Challenger 604 at $5.02- is less expensive to operate on a Cost per Mile basis.

TOTAL VARIABLE COST COMPARISONS
The “Total Variable Cost” illustrated in Chart C (top right)- is defined as the cost of Fuel Expense- Maintenance Labor Expense- Scheduled Parts Expense- and Miscellaneous trip expense. The total variable cost for the Falcon 2000EX EASy at $1-646 per hour is more expensive to operate than the Challenger 300 ($1-535)- but less expensive than either the Falcon 2000 or Challenger 604.

PRODUCTIVITY COMPARISONS
The points in Chart D (middle right) center on the same group of aircraft. Pricing used in the vertical axis is as published in the B&CA 2009 Purchase Planning Handbook and Vref. The productivity index requires further discussion in that the factors used can be somewhat arbitrary.

Productivity can be defined (and it is here) as the multiple of three factors.

1. Range with full payload and available fuel;
2. The long range cruise speed flown to achieve that range;
3. The cabin volume available for passengers and amenities.

The result is a very large number so for the purpose of charting- each result is divided by one billion. The examples plotted are confined to the aircraft in this study. A computed curve fit on this plot would not be very tight- but when all business jet aircraft are considered the “r” squared factor would equal a number above 0.9. Others may choose different parameters- but serious business aircraft buyers are usually impressed with Price- Range- Speed and Cabin Size.

After consideration of the Price- Range- Speed and Cabin Size- we can conclude that the Falcon 2000EX EASy- as shown on the productivity index- is pretty competitive with the Challenger 604. There was a major increase in the productivity index from the original Falcon 2000 to the Falcon 2000EX EASy- drawing it nearer the Challenger 604 (and now the Challenger 605). Also shown on Chart D are the latest in the Falcon family models- the F2000 DX and LX- purely for illustrative purposes.

Table B (previous page) contains the retail prices from the April 2010 Vref edition for each aircraft. The prices shown are for the last year of manufacture. The number of aircraft in-operation- percentage ‘For Sale’ and the number ‘Sold’ over the past 12 months are from JETNET. As shown in the table- the Falcon 2000EX EASy has the lowest percentage of the in-operation fleet ‘For Sale’ at 4.8% (seller’s market).

Over the past 12 months- the Falcon 2000EX EASy is showing Full Sales Transactions at 30- or an average of 2.5 sold monthly as of the end of February 2010. This sales activity provides many opportunities for the savvy dealer/broker specializing in the Falcon 2000EX EASy aircraft. As shown in Table C (top left)- the majority (89%) of Falcon 2000EX EASy owners own the whole aircraft with the remaining percentage either in a shared (1%) or fractional (10%) ownership position.

BY CONTINENT
The majority of the 126 (whole ownership) Falcon 2000EX EASy aircraft in operation by continent are located in North America (54%)- followed by Europe at 34% and then Asia at 7% as illustrated in Chart E (top right).

Within the preceding paragraphs we have touched upon several of the attributes that business aircraft operators value. There are other qualities such as airport performance- terminal area performance- and time to climb performance that might factor in a buying decision- too- however (Table D- below).

The Falcon 2000EX EASy aircraft fares reasonably well against its competition- so those operators in the market should find the preceding comparison of value. Our expectations are that the Falcon 2000EX EASy aircraft- which started delivering in 2004- will continue to do very well in the pre-owned market.

For more information: Michael Chase is president of Chase & Associates- and can be contacted at 1628 Snowmass Place- Lewisville- TX75077; Tel: 214-226-9882; Web:
www.mdchase.com


Related Articles