Buying a helicopter is a major purchase, with an average price of close to $1.8 million. Owning a helicopter also comes with extra costs, such as insurance, storage, maintenance, and fuel. Helicopters also tend to cost more compared to light fixed-wing aircraft. So, why are helicopters so expensive?
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TLDR – The cost of a helicopter is high due to the complex components, which results in higher production costs and lower volume. Each component must be precisely designed, manufactured, and configured for safe operation. Operating a helicopter is also more expensive due to increased fuel usage and higher insurance costs.
How Much Does It Cost to Buy a Helicopter?
The average price of a helicopter is $1,794,793. However, the least expensive pre-owned helicopters may cost as little as $100,000. The most expensive helicopters on the market cost up to $27,000,000.
The average asking price for a pre-owned Bell 407 helicopter is $1,907,000. A new Bell 407 helicopter costs $3,100,000. The engine alone costs close to $900,000. Each blade costs about $30,000.
As with commercial airliners, helicopters must meet extremely high safety standards. Every component is carefully designed, calibrated, and tested to ensure optimal operation. The extensive testing involved increases the cost of production for even the smallest part.
Helicopters tend to be more expensive compared to fixed-wing airplanes that offer the same seating capacity or maximum cargo load. For example, a pre-owned two-seat Robinson R-22 helicopter costs an average of $120,000. A two-seat Cessna 162 airplane may cost closer to $70,000.
The reason that helicopters are more expensive is due to the variety of moving parts. The rotors, engine, blades, fuel control systems, and transmission are critical to the operation of the helicopter. These components require precise manufacturing processes, which drives up the cost.
How Much Does a Helicopter Cost Per Hour?
The cost of renting a helicopter depends on a variety of factors, including the agency and the size of the rotorcraft. A small two-seat helicopter may cost about $300 per hour while a large helicopter may cost $500 per hour.
Travelers also cover standby costs, landing fees, and taxes. When landing at a major airport, the landing fees may reach up to $250. Standby costs average about $200 per hour while taxes are often about 7.5% of the total.
Fuel is a large portion of the cost of operating a helicopter. Helicopters with piston-powered engines can burn through 6 to 16 gallons per hour. A turbine-powered helicopter consumes about 20 gallons of fuel per hour.
The average cost of fuel is $4.50 to $7.00, resulting in $27 to $120 per hour in fuel costs. Another $30 to $50 covers the pilot’s pay. The remaining costs cover maintenance, insurance, and profit.
Compared to airplanes, the cost of maintaining and insuring helicopters is often much higher. More aircraft crashes involve helicopters than any other type of aircraft, which increases the cost of insurance. The rotor systems, drive trains, and engines require more stringent maintenance. Due to limited production, obtaining parts for helicopter repairs is also costly.