Grand Caravan EX cost of ownership
What does it cost to own and operate the Cessna / Textron Aviation Grand Caravan EX? The calculator below estimates annual cost and fully-burdened cost per flight hour, pre-filled with assumptions typical for its class and fully editable to your operation.
- Class
- Utility
- Engines
- 1 × Turboprop
- Seats
- 14
- Max range
- 1,070 nm
Your assumptions
Edit any field — the estimate updates instantly.
Where the money goes (annual)
- Other$1,387,293
- Maintenance$520,000
- Fuel$480,000
- Crew$280,000
- Insurance$90,000
The complete ownership & ROI analysis
The figures above are indicative. The complete model — built on verified data and current market pricing for a specific aircraft, and extended to financing, charter economics, a five-year projection and full ROI, NPV and IRR analysis — is prepared for our members and partners.
5-year ROI projection
Year-by-year cash flow, equity & ROI
Financing & amortization
Down payment, interest, balance owed, true cost of debt
Charter revenue & break-even
Utilisation, occupancy, break-even hours
NPV / IRR + client-ready PDF
Discounted returns and an exportable report
An account shows cost per flight hour and annual cost. Membership adds the five-year ROI, financing, charter economics, NPV/IRR and report exports.
These figures are indicative — class-typical starting values for the Grand Caravan EX, not its price or a quotation. A precise, data-backed analysis with current market pricing is available through a HangarMart membership on the Grand Caravan EX page, or prepared with our advisors.
About the Grand Caravan EX
The Cessna Grand Caravan EX is the stretched, more powerful member of the Caravan family — the single-engine utility turboprop that forms the backbone of regional passenger, cargo and special-mission flying across much of the developing world. The EX designation marks the uprated Pratt & Whitney PT6A-140 engine, which restores strong performance to the longer fuselage, improving climb, hot-and-high capability and payload.
Built around a high wing, fixed gear and famously robust systems, it carries up to fourteen passengers or a substantial freight load from short and unimproved strips that jets and many turboprops cannot use. Garmin G1000 NXi avionics modernise the flight deck, and the aircraft is offered in passenger, cargo-pod, float and special-mission configurations, cruising around 185 knots on the ubiquitous, globally supported PT6A.
The Grand Caravan EX is the rational choice when the mission is moving people or cargo short-to-medium distances at the lowest practical cost, from airfields with little infrastructure, and a pressurised cabin is not required. Operators wanting speed, pressurisation or range will look to a PC-12; those building rugged, high-utilisation regional and NSOP networks find few aircraft that match the Caravan's economics and durability.
Grand Caravan EX cost of ownership: FAQs
How much does it cost to own a Grand Caravan EX?
Total cost of ownership for the Grand Caravan EX depends mostly on how much you fly it. The largest drivers are crew, the engine/maintenance program, fuel, insurance and hangarage. Enter your own annual hours in the calculator above for an estimated annual cost and a fully-burdened cost per flight hour, then talk to our advisors for a precise model built on current market data.
What is the Grand Caravan EX's operating cost per flight hour?
Hourly cost is driven by fuel burn, engine and airframe maintenance programs, and reserves. As a utility with turboprop powerplant, the Grand Caravan EX sits in that class's cost band — variable (hourly) costs rise with utilisation while fixed costs are spread across more hours. Use the calculator to see the cost per hour at your expected annual hours.
What are the biggest costs of owning a Grand Caravan EX?
Ownership costs split into fixed costs that you pay regardless of flying (crew salaries, insurance, hangar, management and scheduled maintenance reserves) and variable costs that scale with hours flown (fuel, engine-program charges and maintenance). For a utility like the Grand Caravan EX, crew and the engine program are typically among the largest line items.
Is it cheaper to charter or to own a Grand Caravan EX?
At low or variable annual utilisation, chartering or leasing is usually more economical because you avoid the fixed costs of ownership; above a breakeven level of annual hours, owning the Grand Caravan EX tends to win. Model your hours in the calculator, then compare against our charter and leasing options to find your breakeven.
Are these Grand Caravan EX cost figures exact?
No — the defaults are indicative, class-typical starting values, not the price of the Grand Caravan EX or a quotation. They are there so the estimate is sensible for the aircraft's class; adjust every input to your operation. A precise, data-backed ownership model with current market pricing is available through our acquisition advisory team.
Thinking about the Grand Caravan EX?
Our advisory team can build a precise ownership model for the Grand Caravan EXand tell you, independently, whether it's the right aircraft for your mission.