How Much Does a Beechcraft B200 King Air 200 Cost?

The legendary Beechcraft B200 King Air 200 is a popular twin-engine, turboprop airplane.

One day I hope to own one, so I was particularly curious to find out how much a Beechcraft B200 King Air 200 costs to own and operate.

I’ve done my research for second-hand Beechcraft B200s and will share what I’ve found in this article.

A used Beechcraft B200 King Air 200 costs approximately $595,000 to $3,995,000 (aged from 1978 to 2008). The total cost of ownership (ignoring depreciation) but including costs such as insurance, maintenance, and hangar costs will be approximately $58,461 annually. The total cost to fly is approximately $585 per hour (based on 100 flying hours).

Why the King Air 200 is a Great Plane

Newly qualified multi-engine pilots often consider purchasing a Beechcraft B200 King Air 200 because of the relatively low price for a twin turboprop, fuel efficiency, and easy handling of the aircraft.

Not only that but the Beechcraft B200 King Air 200 can carry up to 13 passengers including the pilots.

In this article, I’ll cover the total cost of ownership and the various financing options for a Beechcraft B200 King Air 200.

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Cost of Purchasing a Beechcraft B200 King Air 200

If you’re on a budget, you can pick up a good condition used Beechcraft B200 King Air 200 within the $595,000 to $3,995,000 price range for a 1978 to 2008 model. You can find one here on Controller.

Given the popularity of the Beechcraft B200 King Air 200, they are relatively easy to acquire. There are many of them on the market because they first launched in 1974 and are still being manufactured to this day.

Ownership Costs of a Beechcraft B200 King Air 200

After purchasing a Beechcraft B200 King Air 200, you won’t be finished spending money. Not by a long shot!

You’ll soon have to start paying for the fixed and variable running costs. Be prepared for a total cost of ownership of $58,461 annually.

Total fixed costs are going to be approximately $12,455 and total variable costs will set you back around $46,006 (based on 100 annual flying hours. There’s also going to be a depreciation cost but it’s impossible to estimate this cost for your specific circumstances because there are so many factors to consider.

There are many fixed and variable costs of airplane ownership that beginners may not realize. Of course, this is true for any aircraft, not just for a Beechcraft B200 King Air 200.

If purchasing your used Beechcraft for straight-up cash, you don’t need to concern yourself with finance costs. If getting a loan to finance the purchase, you’ll also need to account for the interest repayment costs.

What Are the Fixed Costs for Beechcraft B200 King Air 200 Ownership?

We can define fixed costs of aircraft ownership as the costs that you’ll still have to pay regardless of whether the aircraft is flown or not.

So even if you purchase a Beechcraft B200 King Air 200 and never fly it, you’ll still need to pay the fixed costs such as the once-off purchase price, the hangar fees to the aerodrome, insurance costs, and the annual inspection cost.

Fixed costs for this aircraft (excluding the purchase price) are going to be approximately $12,455 per year.

There’s also the depreciation of your aircraft’s asset value to consider. When figuring out how much it costs to own and run a B200, it’s important to think about how its value goes down over time.

The amount of depreciation will depend on many things, such as how old the plane is, how much it cost to buy in the first place, what its expected resale value is, and how the market is doing. We know how important this cost is, but it’s hard to give an exact number without taking into account the unique circumstances of each aircraft.

To fully prepare for the annual inspection, you will also likely have to pay for any required maintenance that will be needed to pass the inspection.

Some people will group these maintenance costs into variable costs, but I like to classify them as fixed costs because you’ll still likely need to pay for them regardless of whether you fly or not.

I’ve also considered some regular subscriptions here that you might be paying for such as weather services or ForeFlight. Let’s allow about $605 to cover these other costs.

Hangar Costs for a Beechcraft B200 King Air 200

Hangar costs will vary greatly depending on location and the type of storage facility you’ll be renting space from.

In the US, you’ll find hangar space for approximately $600 per month. Annually, you’re looking at about $7,800 for your storage costs at a hangar for your Beechcraft B200 King Air 200.

You don’t need necessarily need to rent storage space though. You might have the opportunity to build or buy your own hangar.

How much does insurance cost for a Beechcraft B200 King Air 200?

Insurance for owning and flying a Beechcraft B200 King Air 200 is not as expensive as you might think.

Again, just like the other costs, the cost of insurance will vary greatly depending on your location, frequency of flight, aircraft value, and type of cover.

Insurance pricing does vary due to so many factors. I recommend that you shop around and you might get a lower rate. Bear in mind that the lower rates will often only be liability-only cover. That won’t cover damage or loss to the aircraft itself. It will cover damage or injury to third persons.

The main factor in determining the cost of insuring a Beechcraft B200 King Air 200 is the valuation of the airplane.

The cost to insure a used Beechcraft B200 King Air 200 will be approximately $2,750 per year.

How much is an annual inspection for a Beechcraft B200 King Air 200?

Each year, the FAA stipulates that an aircraft must have an annual inspection. It costs about $1,000.

On top of that, you’ll still need to ensure that parts are in working order and fluids are topped up as needed.

The fixed maintenance costs (including the annual inspection) could be around $12,455 each year. In my calculations, I’ve also allowed for other necessary maintenance for parts at around $700 each year.

What Are the Variable Costs for Beechcraft B200 King Air 200 Ownership?

The variable costs such as fuel, oil, unscheduled maintenance and miscellaneous costs (landing fees, parking, minor travel costs) will probably cost in the region of about $46,006 annually.

The variable cost to fly works out at around $460 per hour. That’s based on 100 flying hours per year.

All we can provide here are estimates because your mileage may vary when it comes to variable costs for running a Beechcraft B200 King Air 200.

The longer you own a plane for, the more the annual variable costs tend to start increasing. That’s mainly due to the increased maintenance costs.

Unlike fixed costs, you’ll only need to pay these costs when the plane is actually in use.

Beechcraft B200 King Air 200 Fuel Costs

The Beechcraft B200 King Air 200 uses jet fuel, and this costs about $345 per hour of flight.

Currently, jet fuel costs about $5.40 per gallon, and the Beechcraft B200 King Air 200 consumes 4.64 gallons of jet fuel each hour.

It pays to shop around when it comes to jet fuel prices. Different airports charge different amounts depending on location and how busy it is.

Beechcraft B200 King Air 200 Oil

If you are technically-minded, you can save money on labor by looking after oil changes yourself.

Otherwise, you’ll have to pay for the labor, oil, and filters out of your own pocket.

I’ve worked out that the oil cost for a Beechcraft B200 King Air 200 will typically run at about $25 per running hour.

Beechcraft B200 King Air 200 Engine Maintenance Costs

The engines may need routine inspections and maintenance at regular intervals. This can include compressor washes, inspecting and replacing belts, hoses, filters as needed.

Let’s budget around $10 per running hour for these engine maintenance expenses.

Every 4,000 hours or so, the engines of a Beechcraft B200 King Air 200 need a hot section inspection (HSI).

An HSI on an airplane engine can get very expensive depending on the condition, age, hours flown, etc.

Safety is crucial, so it’s an essential procedure. The engines are disassembled and each part carefully examined, including the turbine section, compressors, bearings, etc.

Repairs or replacements are done as necessary. The more flight hours, the more often an HSI is required.

The HSI cost is estimated at $20 per hour. This provides an approximate idea.

Miscellaneous Running Costs for the Beechcraft B200 King Air 200

Minor additional costs will likely occur when owning and operating any airplane, including the Beechcraft B200 King Air 200.

For example, there may be landing fees, parking charges, etc. I’ve estimated these at around $30 per flying hour. As I said before, flying is expensive!

Financing Options for Purchasing a Beechcraft B200 King Air 200

I know there are several financing options for this type of plane because I have friends who own a Beechcraft B200 King Air 200. Getting a loan from a bank or finance company is one option.

Leasing the plane is another alternative that allows you to use it for a set period before returning it or even buying it after the lease ends. And you could consider buying a share with a group.

Whichever financing option you choose for a Beechcraft B200 King Air 200, be sure to read all the fine print before signing anything. Understand the full terms and costs you may be responsible for.

Taking out a loan for one Beechcraft B200 King Air 200

Applying for a traditional loan from a bank or credit union to finance your Beechcraft B200 King Air 200 is one option. If you have good credit and financial history, this could be a good choice.

Applying for an aircraft-specific loan is another option. If your credit is less than ideal, these loans often offer more flexible terms.

Practical advice: Before picking a lender, it’s wise to compare rates and terms from multiple lenders. Consider your finances carefully and ensure you can afford the payments.

Leasing

For those who don’t want to buy the plane outright, leasing a Beechcraft B200 King Air 200 can be a straightforward, affordable financing option. When you lease a plane, you agree to use it for a set period—usually several years—in exchange for a fixed monthly payment. You then have two choices at the end of the lease: return the plane or purchase it for a predetermined amount.

You can get wet leases (includes a pilot!) and dry leases (just the aircraft). You’ll likely want a dry lease.

It makes sense to thoroughly research and compare lease offers from multiple providers. Lease agreements can have a lot of fine print so make sure you understand it fully. As with loans, consider your ability to make the payments for the full lease term.

Buying a share in a Beechcraft B200 King Air 200

Purchasing a share in a plane allows you to own part of the aircraft and operate it jointly with other owners. This can be a viable alternative to full purchase or long-term leasing if you need access to a plane.

It’s often called “shared ownership” or “fractional ownership.”

Typically, there is an initial buy-in cost when purchasing a share of a plane, followed by ongoing maintenance and operating expenses.

This is sometimes facilitated through local flying clubs. That’s where many people first hear about having a share in a Beechcraft B200 King Air 200.

The benefits of owning a plane without having to pay for it completely can be accessed by individuals or companies at a reasonable cost through fractional ownership. It allows the owners to split the aircraft’s purchase price as well as ongoing maintenance and operational costs.

How much of the plane each owner can access and is responsible for depends on their share size.

People who want to fly for personal or business reasons but can’t afford to fully own a plane may be interested in fractional ownership. It can also be a viable option for companies that need regular plane access but don’t want full ownership.

Final Thoughts

As you can see, when you add everything up, owning and operating a Beechcraft B200 King Air 200 (or any airplane) is expensive.

But it’s all relative. If you love flying and can afford it, then it’s absolutely worth it. Compared to other planes, the Beechcraft B200 is not too unreasonable to run. The total hourly operating cost is around $585 (fixed and variable expenses). The variable cost per flight hour is approximately $460 (fuel, oil, maintenance, etc).

Alternatively, most new multi-engine pilots prefer to rent a Beechcraft B200 King Air 200 if that’s more affordable.