28-Jun-2021 Source: Rotorcorp
On Friday, June 24th 2021 aircraft engine Manufacturer Lycoming announced a significant mid-year price hike to take effect next month on 24 July, 2021. The company cited “inflation costs associated with components, surcharge increases, and ongoing availability” as the primary drivers for the sudden increase which was made even more unexpected by the timing of the increase well ahead of the company’s usual annual price increases made each December. Communication from Lycoming attached below.
Rotorcorp has conducted a thorough analysis of the new prices on O-320-B2C, O-360-J2A, O-540-F1B5 and IO-540-AEA5 engines utilized in Robinson R22 and R44 helicopter models. It would appear that the July pricing will represent an additional 13% cost to owners and operators requiring Lycoming Factory new, rebuilt “zero time” and overhaul exchange engine options. It also appears that the price increase (roughly 13%) has been added to all small parts and cylinder kits. In real numbers an Lycoming Rebuilt “Zero Time” Exchange O-540-F1B5 Engine will spike by more than $5500 from the current retail price of $48,303 to $53,879.
Rotorcorp is encouraging customers with the anticipated need for factory Lycoming engines and other major engine components (i.e. cylinders) to contact Rotorcorp immediately to request a quotation and confirm current pricing. If you are coming up on 2200 hour airframe inspection and will require a factory engine option, please consider ordering early ahead of the July deadline. We will be processing priority customer orders ahead of the deadline to assist customers in avoiding the initial impact of the price increase. It should be anticipated that already extended factory lead times (10-12) weeks will continue to grow as a rush of orders is submitted ahead of the deadline.
Rotorcorp has prepared the following document to reflect the projected increases based on 2021 Aftermarket Engine Price List and 2021 Spare Parts Price List provided by Lycoming, please see link below to download this document for your use. Please feel free to contact Rotorcorp directly with any questions you may have.