I like your taste in airplanes! PC-24 is at the top of my "lottery list" because of its takeoff/landing performance, ability to get in and out of "unimproved" strips, and the pseudo-APU "Quiet Power Mode". The big door would be handy sometimes too.
It looked like a great airplane from the start. They still have another 83 PC-24s to deliver by 2020. The orderbook would by necessity need to re-open before 2020, however. That gives me about 2 years plus actual delivery time which I doubt would be less than 12 months given the flood of second round orders they are likely to receive. Right now, I just feel like the timing will be all wrong for the PC-24. However, I will keep my hopes inline with their actually proven delivery history.
The Beechcraft Premier I, was also on the list as well. Once Beechcraft announce "The Second Coming," felt good about the Premier II concept. Then that whole thing melted into thing air and now we have no more P-II to look forward to. That put CJ4 back on top of Embraer's Phenom 300. The reason is that back then, Embraer was having some design issues with the flaps 4 detent (Full Flaps) coupled to the potential of spoiler float particularly during a hydraulic pump failure. This was noted during certification and Embraer, decided to continue with the program and limit the aircraft to the Flaps 3 detent only and then address the Flaps 4 issue later. When you combine the flaps 3 angle limitation with high density altitude approaches, Phenom 300 pilots were reporting building up too much airspeed during the approach. Personally, that would not allow me to put the Phenom 300 at the top, though I wanted to back then. Today, the Phenom 300 is back on top and its performance record has been stellar since they worked out the biggest of the initial bugs.
The venerable CJ4 however, with its latest structural improvements does not appear to be anything that I would be unhappy with ultimately. Its design may be a little long in the tooth, but that's part of the appeal to me. It has stood the test of time, longer than the Phenom 300 and has certainly been around proving itself longer than the PC-24. So, it reliability, consistency, safety record and pilot reports about how well it flies and handles, are all things that make it a very strong competitor in my mind.
I'd be happen with either of the three contenders and I'm keeping my options fully open until after I do final factory tours, test flights and meet & greets in-person.
You might want to chat with @Eggman, he has a Conquest (425). Is your $1 mil budget including the purchase price of the airplane? A $700K airplane leaves $300K for operating costs, and that's only going to give you about 200-300 hours worth of operating costs on a twin turboprop.
The $1m is just airplane acquisition cost set-aside. That's based on the VLJ being around the $10m mark. I figure, I'm willing to spend 10% additionally for what I need, because my needs are different than someone who already has 5,000 hours TT with 60% twin turboprop. Or, a guy with 20+ years of flying experience behind him looking to finally move up to the VLJ from the TBM 850 he's been flying for the past 7 years. I just won't have that level of accomplishment to rely upon. So, I'll need a different (more intentional and focused) path to get ready for the VLJ after about 2-3 years total. So, that would be the role of the Conquest 441, or King Air 90. As essentially, a specific preparation platform in which I'll spend about 2-3 years of my life in special preparation. Therefore, I'm ok with spending an additional 10% for the aircraft.
The operational costs I've held as separate. If I can get about 1,000+ (emphasis on plus) under my belt each year, then I'd feel on course. That's 19.2 hours per week. Assuming at 4 week vacation per year, that's about 21 hours per week (48 weeks per year). That comes to about 4.3 hours per day on a five day a week work schedule. There's no way I'm going to get 4.3 hours in every single day consistently for 48 weeks. However, there will be some days and weekend where I do extra flying depending on the logistics of the time building missions flown that week. So, hopefully, I can get close to 1,000 hours per year - but I won't cry over spilled milk, if I come in at 750 on year. Over time, I plan to extend the range of each training mission until I reach New York, which for me is a cost-to-coast mission.
Calculating fuel stops on both the outbound and return home legs, those types of missions near the end of my time building phase will provide for the bulk of the TT and put me over the 1,000+ per year mark on average. So, I'm confident things will balance out near the end of the 2-3 year mark. California to Florida, California to New York and California to Maine and back - those types of cross-country legs will really start to add up in some good quality TT with IMC, no doubt. The goal is to get prepared and not rush off the deep end. Whatever it takes, that's what I need to be willing to do. I want the transition into the VLJ to be as smooth as I can make it. That means, I don't want to be extremely shocked by the new speeds and the shorter decision windows of the VLJ. There will be some transition, sure. I just don't want it to be jolting - as it would be if I tried to jump from a Bonanza to a CJ4. I'm looking for a more graduated increase in speed and performance coupled to a more gradual decrease in Decision Windows due to the new speeds.
Thanks for the lead on @Eggman!
Another thing you might want to consider is buying the single and keeping it for a while. You can always own more than one airplane! Then you still have something to fly when the other one is down for maintenance, and you have one you can just mess around in for fun.
There will be multiple aircraft in the hanger, no doubt. I'm in love with this stuff. Aviation is where I'm living the entirety of the second half of my life. I will be getting into aerobatics and I'd like to own an Edge 540 someday when I'm capable. But, that won't be good for carrying 3-4 passengers. The more I look at this the more there is an increasing probability that the Time Builder becomes the standby, as you say. Besides, we have family in locations relative to us that are too long for a drive and to close for a jet. So, there are these odd lot distances we'll be traveling infrequently where nothing other than a smaller aircraft makes much sense. I'm thinking a nicely restored Conquest 441 II, would fill that gap and still have enough range to be the standby platform during TBO or unscheduled maintenance requirements on the VLJ. That's my current thinking thus far and its subject to change until final decision. Another option for odd lot ranges and VLJ TBO/Maintenance downtime 'gap' is a Rotor.
There is no doubt that I'd also like to get a Helicopter Pilots License and Instrument Rating. This would bring the H135 into perspective. However, it lacks range at only 235nm. So, it gets us to various family locations close by, but it does not fill the TBO/Maintenance downtime gap at all and would require multiple fuel stops. It is simply not a big cross-country platform with a theoretical 3.5 fuel stops just to reach Colorado (quick math). All this makes the 441 or an F90 seem just that much more appealing after good retrofit program.
Any particular reason for interest in the King Air 100? They didn't make very many of them, and they're the only ones that don't use Pratts IIRC. Because of their relative rarity, there probably aren't as many people looking to buy them, so it might not sell as quickly as a 90 or 200 would when you get to that stage.
Size, weight, complexity and speed. A significant step up from a SEL Trainer while still being a good transition platform into the VLJ. Found several for sale. But, you are right - not very much in abundance. Ranging from $270K to $750K from what I can see online. I'm sure there will be more not online through a reputable broker/buyers side. The F90 is also a candidate. Price anywhere from $200K to $400K higher than the 100. If things remain around the $1m range, I'm ok with it - especially, if I'm going to keep it as the get out of jail card when/if the VLJ is not available to fly.
You may find that it's actually easier to fly the VLJ than it is to fly a King Air, as long as you can think as fast as they go. The VLJ will have more automated systems. Another person whose ear you should bend is
@Abram who owns an Eclipse and flies some other jets as well. I'm trying to think of someone here who has flown both light twin turboprops and modern light jets but I'm drawing a blank at the moment.
Thanks for the referral
@Abram!
The King Air does appear to be a bit more complex than the 441, which is why I appreciated the Conquest II option a bit more than the King Air option. Though it does not have the same size, weight, complexity and speed, it is not too far behind in those areas, it fits the "Gap Requirement" and it sits far enough below $1m that some nice new avionics upgrades, interior work and structural rehab could be done, if the purchase price is right. This was the original reason why I selected the Conquest II as a candidate - it meets a number of different needs nice AFTER it gets rehabilitated (avionics, seating, cabin trim, structural issues - hopefully none exist that need taking care of).
Once again, great post and thanks!